Paytm valuation surges 25% to $15 billion in latest investment round; company aims to expand array of service offerings
5 years, 4 months ago

Paytm valuation surges 25% to $15 billion in latest investment round; company aims to expand array of service offerings

Firstpost  

On 16 August, Paytm had said it would invest Rs 750 crore to approximately double its monthly active user base on mobile to 250 million by March 2020. E-commerce payment system and digital wallet company Paytm’s valuation has more than doubled to $15 billion in the latest investment round from about $6 billion in March 2017, said a media report. Paytm’s valuation surged 25 percent to $15 billion in the latest round of investment in which several employees cashed out their shares worth $150 million, said a report in Mint. “ESOPS worth $150 million were sold by Paytm’s employees to New York-based investors nearly three months ago, valuing the company at $15 billion," Sharma was quoted as saying in the report.

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History of this topic

Paytm leads India payments from disruption to monetisation: Bernstein
1 day, 7 hours ago

Paytm leads India payments from disruption to monetisation: Bernstein

India Today  

Brokerage firm Bernstein’s latest report positions Paytm as a leading player in India’s digital payments ecosystem. Assigning the company an "Outperform" rating with a target price of Rs 1,100, the report titled, ‘India Payments: From Disruption to Monetisation – Can Payments Be Profitable?’, highlights Paytm’s ability to monetise its core payments business despite the challenges posed by the zero-MDR environment. …

2024 Review: From rock bottom to market darling – Paytm soars 220% from low, emerges as top turnaround stock
2 weeks, 2 days ago

2024 Review: From rock bottom to market darling – Paytm soars 220% from low, emerges as top turnaround stock

Live Mint  

Some stocks exhibit a remarkable ability to bounce back after long periods of downturns, showcasing their resilience and strength. After plunging to an all-time low in May, Paytm's stock staged a stunning rally, reaching a three-year high by December. Additional positive developments supporting the stock's rebound include the Ministry of Finance’s approval for foreign direct investment in its subsidiary PPSL …

Paytm shares hit 52-week high; up more than 3%
1 month ago

Paytm shares hit 52-week high; up more than 3%

The Hindu  

Shares of One97 Communications, which owns the Paytm brand, on Monday jumped more than 3% on the bourses after the company approved the sale of stake in Softbank group's fintech firm PayPay Corporation. Equity markets see high volatility, Sensex falls 150 points, nifty down 37 points As the company's shares touched a 52-week high, the market valuation of Paytm rose …

Paytm shares rise 3% to hit 52-week high. What's driving the rally?
1 month ago

Paytm shares rise 3% to hit 52-week high. What's driving the rally?

India Today  

Shares of Paytm,, rose 3% in early trade on Monday to hit a 52-week high. The surge came after the company announced that its wholly-owned subsidiary, One97 Communications Singapore Pvt Ltd, had sold its Stock Acquisition Rights in Japan-based PayPay Corporation to SoftBank Vision Fund 2. Paytm shares climbed 3.19% in early trade to reach Rs 1,007 on the Bombay …

Paytm shares rise above Rs 1,000 today. 3 things you need to know
Trending News
1 month ago

Paytm shares rise above Rs 1,000 today. 3 things you need to know

India Today  

Paytm shares rallied over 3% on Monday, hitting a 52-week high of Rs 1,007 on the Bombay Stock Exchange. Here are three key factors propelling Paytm’s stock upward: STRATEGIC SALE Paytm’s Singapore-based unit approved the sale of its Stock Acquisition Rights in Japanese payments firm PayPay to SoftBank Vision Fund 2 for JPY 41.9 billion. PAYTM'S FINANCIAL PERFORMANCE Paytm reported …

Paytm’s Singapore arm approves stake sale in Japan’s PayPay
1 month ago

Paytm’s Singapore arm approves stake sale in Japan’s PayPay

Live Mint  

Paytm's parent company, One97 Communications, on Friday, December 6, 2024, approved the sale of its stake in Japan’s credit card company PayPay Corporation. One97 Communications Singapore, a wholly-owned subsidiary of Paytm's Singapore arm, ‘Paytm Singapore’, approved the sale of its stake to the Japanese digital payments company. "We wish to clarify that we have been informed by One97 Communications Singapore …

Paytm share price hits 52-week high today. What's driving the rally?
1 month ago

Paytm share price hits 52-week high today. What's driving the rally?

India Today  

Shares of One 97 Communications Ltd, Paytm’s parent company, climbed over 3.5% to hit a fresh 52-week high on Friday. The stock jumped 3.60% to hit a 52-week high of Rs 990.90 on Friday. The rally followed media reports suggesting that Paytm may sell its stake in Japan's PayPay to SoftBank for $250 million. The company posted its first-ever quarterly …

Paytm share price hits 52-week high, up 185% in 6 months: More gains ahead?
1 month ago

Paytm share price hits 52-week high, up 185% in 6 months: More gains ahead?

India Today  

Shares of One97 Communications Ltd, the parent company of Paytm, hit a 52-week high during Thursday’s trading session. The stock’s recovery began after it plummeted to an all-time low of Rs 310 in May following restrictions imposed by the Reserve Bank of India on Paytm Payments Bank Ltd. For the second quarter of FY25, Paytm posted a profit after tax …

Paytm has made a big new bet. Will it pay off?
1 month, 2 weeks ago

Paytm has made a big new bet. Will it pay off?

Live Mint  

Since its debut on Dalal Street three years ago, Paytm has been battling several challenges. View Full Image Source: Tijorifinance Financial services The RBI's action caused Paytm’s operating model to change significantly as lenders turned cautious. View Full Image Source: Tijorifinance During Q2 FY25, 600,000 unique consumers and merchants availed of financial services through Paytm, up from 590,000 during Q1 …

Paytm shares jump 3% today after brokerage Bernstein's update. Should you buy?
1 month, 2 weeks ago

Paytm shares jump 3% today after brokerage Bernstein's update. Should you buy?

India Today  

Shares of One97 Communications Limited, Paytm's parent company, gained in early trade after global brokerage Berstein's latest price target update. The update reflects growing confidence in the fintech firm’s prospects, with the global brokerage firm projecting significant earnings growth under a favourable scenario. It highlighted that Paytm’s payment margins, currently at 10 basis points due to regulatory actions, could recover …

From Hyundai to Paytm: A look at India’s biggest IPOs that disappointed investors with weak listing
2 months ago

From Hyundai to Paytm: A look at India’s biggest IPOs that disappointed investors with weak listing

Live Mint  

The primary market in India is abuzz with the much anticipated initial public offering of Swiggy Ltd to be launched on November 6. Many of India’s biggest IPOs, including Hyundai Motor India, Paytm and Reliance Power have resulted in losses for investors. Here’s a look at the five biggest IPOs which faced weak listings: Hyundai Motor India IPO Hyundai Motor …

Paytm Stock Price Today: Up 2.85%, Nifty Down 0.35%
Trending News
2 months, 1 week ago

Paytm Stock Price Today: Up 2.85%, Nifty Down 0.35%

Live Mint  

Paytm share price is up by 2.85% today, trading at ₹773.7. The stock has hit a high of ₹776.2 and a low of ₹745.25 during the day. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Paytm Soars on Strong Q2FY25 Performance, With Analysts Upgrading Ratings
2 months, 2 weeks ago

Paytm Soars on Strong Q2FY25 Performance, With Analysts Upgrading Ratings

ABP News  

Paytm's Q2FY25 earnings show significant growth and profitability, with analysts upgrading their ratings and setting new price targets. The company's strong revenue growth, improved profitability, and approval from the National Payments Corporation of India (NPCI) to onboard new UPI users are key factors driving optimism. Paytm's positive analyst ratings reflect the company's potential for sustainable growth and long-term value creation.

Paytm's Surge: Regulatory Approval Fuels Growth Potential
2 months, 2 weeks ago

Paytm's Surge: Regulatory Approval Fuels Growth Potential

India Today  

Paytm's share price surged over 11% today after the company received approval from the National Payments Corporation of India (NPCI) to onboard new Unified Payments Interface (UPI) users. This development is seen as a potential turning point for Paytm's user base growth and an easing of regulatory hurdles.

Paytm's Entertainment Ticketing Business Booms, Propelling Profit
2 months, 2 weeks ago

Paytm's Entertainment Ticketing Business Booms, Propelling Profit

Deccan Chronicle  

Paytm reports a net profit of Rs 928.3 crore in Q2, compared to a loss of Rs 290.5 crore a year ago. The company's entertainment ticketing business was a major contributor to this profit, with an exceptional gain of Rs 1,345 crore on account of the sale of entertainment ticketing business. The company's revenue from operations slumped 34.1 per cent …

Paytm Block Deal: Shares Fall 3% After Equity Worth Rs 328 Crore Changes Hands
3 months, 2 weeks ago

Paytm Block Deal: Shares Fall 3% After Equity Worth Rs 328 Crore Changes Hands

News 18  

One 97 Communications Ltd reportedly witnessed a significant transaction as 0.8 per cent of its equity stake was sold for approximately Rs 327.8 crore. According to a report by CNBC TV18, around 47.2 lakh Paytm shares exchanged hands at an average price of Rs 701 per share. Following this large trade, Paytm’s stock price surged, reaching Rs 713.2 on the …

Paytm shares rise over 12% today: What should investors do?
4 months, 1 week ago

Paytm shares rise over 12% today: What should investors do?

India Today  

Shares of One 97 Communications Ltd, the parent company of Paytm, surged over 12% during Friday's late trading session, closing at Rs 621.80. This rise comes amid important developments within the company, including the recent sale of its entertainment ticketing business to online food aggregator Zomato for Rs 2,048 crore. Analysts have largely advised investors to consider booking profits at …

Paytm shares jump 5% today. Check price targets
4 months, 1 week ago

Paytm shares jump 5% today. Check price targets

India Today  

Shares of One 97 Communications Ltd rose by 5% in Thursday's trading session after receiving approval for downstream investment in its wholly-owned subsidiary, Paytm Payments Services Ltd. Jefferies has kept a "Hold" rating with a target price of Rs 420, noting that if approved by the Reserve Bank of India, Paytm could onboard new online merchants. Ventura Securities has issued …

Paytm gets government nod for investment in payments arm: Details
4 months, 1 week ago

Paytm gets government nod for investment in payments arm: Details

India TV News  

India's Paytm has received approval from the country's finance ministry to invest in its payment services business, the fintech firm. In July, Reuters reported, citing a top finance ministry official, that Paytm had secured approval for a 500 million rupee investment in its payments arm. Paytm Payment Services is one of the biggest remaining parts of the fintech firm's business …

Paytm issues clarification on SEBI notice, says ‘not a new development’
4 months, 2 weeks ago

Paytm issues clarification on SEBI notice, says ‘not a new development’

Live Mint  

One 97 Communications Ltd., the parent company of the Paytm brand, said that the reports on the company receiving a Securities and Exchange Board of India show cause notice is not a new development. “With reference to recent media reports, we would like to inform you that this is not a new development, as the Company had already made relevant …

Goldman Sachs sells 44.20 lakh shares worth ₹183 crore in Paytm: What we know
6 months, 3 weeks ago

Goldman Sachs sells 44.20 lakh shares worth ₹183 crore in Paytm: What we know

Hindustan Times  

Goldman Sachs Singapore Pte sold 44.20 lakh shares of One 97 Communications via block deal at a price of ₹183.44 crore. The private equity firm sold Paytm shares at ₹415.04 apiece. Goldman Sachs Singapore held 84,01,067 shares or 1.32% stake in the fintech payment platform before the block deal. Paytm shares gained after it was reported that the company is …

Vijay Shekhar Sharma's rebuild team plan: Wants ex-Paytm executives to come back
6 months, 4 weeks ago

Vijay Shekhar Sharma's rebuild team plan: Wants ex-Paytm executives to come back

Hindustan Times  

Paytm founder and CEO Vijay Shekhar Sharma is reportedly reaching out to former executives of the company as he aims to revive the embattled firm. The report also claimed that Vijay Shekhar Sharma has been taking control of the various verticals to push growth, reduce customer attrition and increase confidence among partners, merchants and customers. "Sharma's strategic move to reunite …

Paytm’s market share Continues to fall after RBI crackdown
7 months ago

Paytm’s market share Continues to fall after RBI crackdown

Hindustan Times  

Paytm’s market share among India’s online payment apps, fell for a fourth straight month as the fintech pioneer struggles to recover from the Reserve Bank of India ordering its affiliate, Paytm Payments Bank to shut down, according to a Bloomberg report. Paytm Payments Bank isn’t actually controlled by Paytm, but is part of founder and CEO Vijay Shekhar Sharma’s fintech …

Paytm hits 5% upper circuit for third consecutive session. Here's why
7 months, 1 week ago

Paytm hits 5% upper circuit for third consecutive session. Here's why

Hindustan Times  

Paytm share price: Paytm parent One97 Communications shares hit a 5 per cent upper circuit today. This comes as a block deal involving 75.20 lakh shares, representing a 1.2 per cent stake in the company, took place on the exchanges. The block deal was worth a total of ₹296.30 crore and the average floor price of the transaction was also …

Paytm Stock Surges 5%; Hits Upper Circuit For Second Consecutive Day
7 months, 1 week ago

Paytm Stock Surges 5%; Hits Upper Circuit For Second Consecutive Day

ABP News  

Shares of One97 Communications, Paytm's parent company, surged by 5 per cent on Thursday, reaching their upper circuit limit for the second consecutive session. Nevertheless, the stock surged by 4.99 per cent, hitting its upper circuit limit of Rs 377.40 on the NSE and Rs 377.50 on the BSE. As of the end of March, Paytm founder Vijay Shekhar Sharma …

Paytm shares hit upper circuit for second straight session: What brokerages said
7 months, 1 week ago

Paytm shares hit upper circuit for second straight session: What brokerages said

Hindustan Times  

Paytm share price today: Shares of Paytm hit upper circuit of 5% for the second straight session today. The stock gained 4.99% to reach ₹401.55 on BSE after hitting upper circuit of 5% on May 29. The stock rose after it was reported that Adani Group chairman Gautam Adani was considering buying a stake in Paytm's parent company One97 Communications. …

Gautam Adani in talks with Vijay Shekhar Sharma to acquire stake in Paytm: 'Finalising contours of deal'
7 months, 1 week ago

Gautam Adani in talks with Vijay Shekhar Sharma to acquire stake in Paytm: 'Finalising contours of deal'

Hindustan Times  

Adani Group chairman Gautam Adani is reportedly in talks to buy a stake in One 97 Communications, which operates Paytm. A report in the Times of India claimed, citing people in the know, Paytm founder and CEO Vijay Shekhar Sharma met Gautam Adani at the latter's office in Ahmedabad on May 28 to “finalise the contours of a deal”. Currently, …

Is Paytm in talks with Adani Group to sell stake? Company issues clarification
7 months, 1 week ago

Is Paytm in talks with Adani Group to sell stake? Company issues clarification

India TV News  

New Delhi: One97 Communications Limited, the parent company of Paytm, has denied being in discussions with the Adani Group about a potential stake sale, terming the report "speculative". This clarification comes in response to a report suggesting that billionaire Gautam Adani was in talks with Paytm founder Vijay Shankar Sharma to buy a stake in the digital payments company. News …

Paytm layoffs: Company may cut jobs of 5,000-6,300 employees amid crisis
7 months, 2 weeks ago

Paytm layoffs: Company may cut jobs of 5,000-6,300 employees amid crisis

Hindustan Times  

Paytm layoffs: Paytm parent company One97 Communications may cut jobs to reduce its employee costs this fiscal year, it was reported. The company may cut around 15-20 per cent of its workforce, Financial Express reported. Paytm layoffs: Paytm founder and CEO Vijay Shekhar Sharma during an event in Mumbai, How many employees does One97 Communications have? The company's revenue from …

Vijay Shekhar Sharma says ‘worst behind us’, brokerages say Paytm may fall 25% more. Here's why
7 months, 2 weeks ago

Vijay Shekhar Sharma says ‘worst behind us’, brokerages say Paytm may fall 25% more. Here's why

Hindustan Times  

Paytm founder Vijay Shekhar Sharma told shareholders in a post-earnings call that the worst is behind the company. We also resolved to be fully compliant according to the regulators expectations in letter and spirit.” Paytm founder and CEO Vijay Shekhar Sharma during an event in Mumbai, What Paytm quarterly results showed? The quarterly results come after the Reserve Bank of …

Paytm layoffs: Company warns of job cuts as revenue falls 2.7%
7 months, 2 weeks ago

Paytm layoffs: Company warns of job cuts as revenue falls 2.7%

Hindustan Times  

Paytm announced that there may be job cuts at the company as it plans to trim non-core assets following its first-ever decline in sales on May 22. Paytm reported Q4 results after a regulatory probe into its financial arm Paytm Payments Bank by the Reserve Bank of India In a letter to shareholders, Vijay Shekhar Sharma said, “We expect near-term …

Paytm Q4: Vijay Shekhar Sharma tells shareholders ‘anticipate tangible results’
7 months, 2 weeks ago

Paytm Q4: Vijay Shekhar Sharma tells shareholders ‘anticipate tangible results’

Hindustan Times  

Paytm's Vijay Shekhar Sharma told shareholders that the company's revenue and profitability will be impacted in the near-term due to disruptions faced in the business in Quarter 4. Vijay Shekhar Sharma, founder and chairman of One97 Communications Ltd., operator of Paytm, attends the Japan Fintech Festival in Tokyo, Japan. Full text of Paytm founder and CEO Vijay Shekhar Sharma’s letter …

Vijay Shekhar Sharma assumes leadership of Paytm: Can he steer the company to stability?
8 months ago

Vijay Shekhar Sharma assumes leadership of Paytm: Can he steer the company to stability?

India TV News  

Recently it was reported that Paytm's share has crashed by about 50 per cent this year, amid high-profile exits, the RBI ban on certain businesses of Paytm Payments Bank Ltd, and fresh reports about some lending partners revoking loan guarantees due to repayment defaults from customers. As the share price continues to hit the lower circuit amid fresh uncertainties, the …

Paytm Announces Leadership Change To Double Down On Payments & Financial Services Offerings
8 months ago

Paytm Announces Leadership Change To Double Down On Payments & Financial Services Offerings

ABP News  

One97 Communications Limited that owns the brand Paytm is expanding its leadership team to build a large and profitable payment and financial services distribution business. Expanding Priority To Wealth Management Products The company has also undertaken leadership transitions within its wealth subsidiary where Rakesh Singh has recently been appointed as the new Chief Executive Officer of Paytm Money Ltd. With …

Paytm founder Vijay Shekhar Sharma-backed Pai Platforms launches shopping app
9 months ago

Paytm founder Vijay Shekhar Sharma-backed Pai Platforms launches shopping app

Hindustan Times  

Pai Platforms, backed by Paytm founder Vijay Shekhar Sharma, launched a shopping app on the Open Network for Digital Commerce, it was reported. The report comes two months after Paytm E-commerce Private Limited rebranded itself as Pai Platforms and acquired Bitsila, a seller-side platform on ONDC. Government-backed ONDC has become an important focus area for Paytm where it sees its …

Paytm's former employees are now running 22 startups worth over ₹10,000 crore: Report
9 months, 2 weeks ago

Paytm's former employees are now running 22 startups worth over ₹10,000 crore: Report

Hindustan Times  

Paytm employees, who quit the fintech major to launch 22 startups over the years, have hit a collective valuation of ₹10,668 crore, according to a report from Private Circle. The group includes Pocket FM, co-founded by Rohan Nayak, former product manager at Paytm; Park+, founded by Amit Lakhotia, former business head of Paytm wallet and gold loan platform Indiagold, founded …

Paytm stock gains for 4th consecutive day: Is the worst over?
9 months, 3 weeks ago

Paytm stock gains for 4th consecutive day: Is the worst over?

Hindustan Times  

Paytm share price: Shares of One97 Communications, Paytm's parent company, extended gains for the fourth consecutive session as the stock soared over 4% intra-day basis today hitting day high of ₹425.70 on the NSE. Analysts on Paytm stock Global brokerage firm Morgan Stanley reaffirmed its ‘Equal-Weight’ rating on the stock and maintained a price target of ₹555 per share while …

Paytm jumps 5% as digital payments app survives banking unit shutdown
9 months, 3 weeks ago

Paytm jumps 5% as digital payments app survives banking unit shutdown

The Hindu  

Shares of India's Paytm rose a stock exchange-allowed maximum of 5% on Friday, March 15, 2024, a day after it got a third-party application provider license that will allow it to offer digital payments after its banking unit ceases operations. The license, granted by the country's payments authority, came as Paytm Payments Bank will cease to operate on March 15, …

Paytm share price up 5% after NPCI grants third-party app license: Will it recover?
9 months, 3 weeks ago

Paytm share price up 5% after NPCI grants third-party app license: Will it recover?

Hindustan Times  

Paytm Share Price today: Shares of India's Paytm rose 5%, a day after National Payments Corporation of India granted approval to Paytm's parent company One97 Communications Limited to participate in UPI services as a Third-Party Application Provider. Paytm share price today: A QR code for the Paytm digital payment system at a store in Mumbai. Paytm's stock has been hitting …

Paytm share price drops 5% ahead of Payments Bank deadline: Will fall continue?
9 months, 3 weeks ago

Paytm share price drops 5% ahead of Payments Bank deadline: Will fall continue?

Hindustan Times  

Paytm share price: Shares of Paytm's parent company One97 Communications Ltd tanked 5 per cent, third lower circuit in as three days. This would allow customers to continue using the Paytm app for payments through unified payment interface and would help the company as Paytm Payments Bank ceases operations by March 15. Economic Times reported that four banks- Axis Bank, …

Paytm's Vijay Shekhar Sharma on RBI action: ‘In my lifetime, I would like…’
10 months ago

Paytm's Vijay Shekhar Sharma on RBI action: ‘In my lifetime, I would like…’

Hindustan Times  

Paytm founder Vijay Shekhar Sharma said that he was confident that his company will overcome regulatory setbacks in India this year and stage a comeback. Vijay Shekhar Sharma, founder and chairman of One97 Communications Ltd., operator of Paytm, attends the Japan Fintech Festival in Tokyo, Japan. He asserted, “And it is important for you, yourself to be taking care of …

Vijay Shekhar Sharma | Embattled entrepreneur
10 months, 1 week ago

Vijay Shekhar Sharma | Embattled entrepreneur

The Hindu  

Witnessing their company’s introduction on bourses can indeed be overwhelming for any entrepreneur. This was no different for One97 Communications’ founder and CEO Vijay Shekhar Sharma who anyway had a reputation for wearing his heart on his sleeve. Mr. Sharma’s operating rationale was perhaps best captured in a 2015 interview. Responding to a question on whether he was a disruptor, …

Paytm takes strategic measures amid PPBL crisis: Discontinues inter-company agreements to cut dependencies
10 months, 1 week ago

Paytm takes strategic measures amid PPBL crisis: Discontinues inter-company agreements to cut dependencies

India TV News  

In response to regulatory actions from the Reserve Bank of India, One 97 Communications, the parent company of Paytm, has announced plans to discontinue inter-company agreements with its associate entity, Paytm Payments Bank Limited. Board approves discontinuation of agreements The decision to terminate inter-company pacts and simplify the shareholder agreement was approved by the board of One 97 Communications on …

SoftBank’s Stake in Paytm Down to 2.83 pc
10 months, 1 week ago

SoftBank’s Stake in Paytm Down to 2.83 pc

Deccan Chronicle  

Chennai: Japanese investor SoftBank has divested 2.17 per cent stake worth Rs 580 crore in Paytm. With this fifth divestment in this fiscal, SoftBank’s stake in Paytm has come down to 2.83 per cent. Paytm, which has been facing regulatory hurdles, saw SoftBank divesting 1,37,84,787 equity shares in a series of disposals between January 23 and February 26, as per …

Paytm Shares Rise Over 2% As CEO Vijay Shekhar Sharma Steps Down Amidst Regulatory Scrutiny
10 months, 2 weeks ago

Paytm Shares Rise Over 2% As CEO Vijay Shekhar Sharma Steps Down Amidst Regulatory Scrutiny

ABP News  

Shares of Paytm saw a modest gain of over 2 per cent on the BSE on Tuesday, following the announcement of significant developments within the company. Vijay Shekhar Sharma, the founder and CEO of Paytm, on Monday evening took a pivotal step by resigning from his position to assist in the restructuring of the Board of Paytm Payments Bank Ltd. …

Vijay Shekhar Sharma resigns as chairman of Paytm Payments Bank; board reconstituted
10 months, 2 weeks ago

Vijay Shekhar Sharma resigns as chairman of Paytm Payments Bank; board reconstituted

Hindustan Times  

Paytm founder Vijay Shekhar Sharma has resigned as part-time non-executive Chairman of Paytm Payments Bank Limited ahead of the March 15 deadline to wind down its business. PPBL has also reconstituted its Board of Directors with the appointment of Ex-Central Bank of India Chairman Srinivasan Sridhar, retired IAS officer Debendranath Sarangi, former Executive Director of Bank of Baroda Ashok Kumar …

Stocks to Watch: Angel One, Vodafone Idea, Grasim, Paytm, Spicejet, IRCTC
10 months, 2 weeks ago

Stocks to Watch: Angel One, Vodafone Idea, Grasim, Paytm, Spicejet, IRCTC

Live Mint  

Angel One: The brokerage firm will raise nearly ₹2,000 crore through preferential issue, QIP or other modes, the company announced on February 22. "The equity fund raise plan of up to ₹2,000 crore will allow the company to enhance its ability to invest beyond the current resources at hand, besides allowing it to maintain fiscal prudence in its journey to …

Finance Minister to Meet Fin-Tech Heads Amid Paytm Crisis
10 months, 2 weeks ago

Finance Minister to Meet Fin-Tech Heads Amid Paytm Crisis

Deccan Chronicle  

New Delhi:Amid the ongoing crisis faced by leading fin-tech firm Paytm, finance minister Nirmala Sitharaman has decided to meet heads of financial technology companies next week to persuade them to strictly follow regulatory norms. The move by the minister comes at a time when Paytm Payments Bank Ltd, promoted by One97 Communications Ltd, faced regulatory actions by the Reserve Bank …

Jefferies stops coverage of Paytm stock. Here's why
10 months, 3 weeks ago

Jefferies stops coverage of Paytm stock. Here's why

India Today  

Foreign brokerage firm Jefferies has decided to stop covering Paytm operator One97 Communications Limited’s stock for now. The brokerage said it would stop the coverage of the stock until the news flow around Paytm and its associate, Paytm Payments Bank, “settles down”. Jefferies explained that without a banking licence, Paytm's business will be similar to other payment service providers like …

Paytm shares surge 5% as Axis Bank steps in for merchant settlements amid RBI compliance woes
10 months, 3 weeks ago

Paytm shares surge 5% as Axis Bank steps in for merchant settlements amid RBI compliance woes

New Indian Express  

NEW DELHI: Shares of One97 Communications -- owner of the brand Paytm -- jumped 5 per cent in the morning trade on Monday after the crisis-hit fintech company's decision to collaborate with Axis Bank for the continuation of merchant settlements. In the morning trade, the 30-share BSE Sensex benchmark gained 185.81 points or 0.26 per cent to 72,612.45, while NSE …

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