Vodafone Group (NASDAQ:VOD) Launches Digital Payment Solution With Name Vodafone M-Pesa PAY- Tenaris S.A. (NYSE:TS)

Vodafone Group Plc (NASDAQ:VOD) [Trend Analysis] retains strong position in active trade, as shares scoring 1.68% to $25.45 in an active trade session, while looking at the shares volume, around 6.83 Million shares have changed hands in this session. Vodafone (VOD) reported that launch of Vodafone M-Pesa PAY, a digital payment solution for merchants and retailers to receive cashless payments from consumers. The announcement by the telecom operator is another move by tech companies and service providers in India to boost the digital payments drive in India that received fresh impetus from the recent demonetization initiative.

The company says that retailers and merchants will need to download the Vodafone M-Pesa app, which has been offering payment and money transfer options to end users for a while, and then register themselves as a merchant. They can then notify individual consumers to make payments. Consumers, also using the M-Pesa app, will receive a notification that will let them make the payment using their wallet balance, bank account, credit card, or debit card. The firm has institutional ownership of 10.50%, while insider ownership included 0.20%. VOD attains analyst recommendation of 2.30 with week’s performance of 3.88%. Investors looking further ahead will note that the Price to next year’s EPS is 313.60%.

Shares of Tenaris S.A. (NYSE:TS) [Trend Analysis] swings enthusiastically in regular trading session, it a gain of 0.49% to close at $35.15. Tenaris S.A. (NYSE:TS) and its wholly-owned subsidiary Talta – Trading e Marketing Sociedad Unipessoal Lda (Talta) announce the release by the International Centre for the Settlement of Investment Disputes (ICSID) of its award in relation to the arbitration proceedings against the Bolivarian Republic of Venezuela (Venezuela) over the expropriation of their investments in Tubos de Acero de Venezuela S.A. (Tavsa), the sole producer of seamless steel tube products in Venezuela, and Complejo Siderúrgico de Guayana, C.A. (Comsigua), a producer of hot briquetted iron in Venezuela.

Tenaris and Talta initiated the arbitration proceedings on July 20, 2012 pursuant to the bilateral investment treaties entered into by Venezuela with the Belgium-Luxembourg Economic Union and Portugal. On December 12, 2016, the ICSID Arbitral Tribunal declared its final Award in favour of Tenaris and Talta, upholding their claim that Venezuela had expropriated their investments in Tavsa and Comsigua in violation of the bilateral investment treaties entered into by Venezuela with the Belgium-Luxembourg Economic Union and Portugal. Moving forward to saw long-term intention, the experts calculate Return on Investment of -0.60%. The stock is going forward its fifty-two week low with 95.76% and lagging behind from its 52-week high price with -0.73%. TS last month stock price volatility remained 2.41%.

 

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