One97 Communications Limited (OCL), the owner of Paytm, has enabled its users to make India’s Unified Payment Interface (UPI) payments at various international locations. Indian travellers can now use their Paytm app for cashless payments in destinations where UPI is accepted, including United Arab Emirates (UAE), Sri Lanka, Singapore, France, Mauritius, Bhutan, and Nepal. This … Read more
Last Updated:November 21, 2024, 08:03 IST Stocks to watch: Shares of firms like Nestle, Airtel, Indian Hotels, BoB, Vedanta, Paytm, and others will be in focus on Thursday’s trade Stocks To Watch Stocks To Watch On November 21: Amid mixed global cues, GIFT Nifty futures rose by 72 points to 23,607 at around 6:48 AM. … Read more
New Delhi: The shares of One 97 Communications Ltd (parent company of Paytm) slumped over 4 per cent on Tuesday after the fintech platform posted a net profit of Rs 930 crore in the July-September quarter (Q2) of FY25 (due to one-time gain), against a loss of Rs 292 crore in the year-ago period. Paytm … Read more
Mumbai: The Securities and Exchange Board of India (SEBI) has reportedly issued show-cause notices to Paytm Founder and CEO, Vijay Shekhar Sharma, and erstwhile board members of One 97 Communications Ltd (Paytm’s parent company), over alleged misrepresentation of facts during the company’s initial public offering (IPO) in November 2021. Paytm shares declined as much as … Read more
Shares of Paytm’s owner One97 Communications rose a little over 2% in the morning trade on Thursday (August 22, 2024) after the fintech company said it will sell its entertainment ticketing business to Zomato. | Photo Credit: REUTERS Shares of Paytm’s owner One97 Communications rose a little over 2% in the morning trade on Thursday … Read more
Paytm’s shares closed at ₹467.25 apiece on July 12, 2024. File | Photo Credit: REUTERS Japan’s Softbank investment arm Softbank Vision Fund exited from Paytm in the June quarter at a loss of around $150 million, sources aware of the development said. Softbank invested about $1.5 billion in One97 Communications, the owner of Paytm brand, … Read more
This move is in line with Zomato’s strategy of expanding into new areas like entertainment, on top of their existing food and grocery delivery services. If Zomato acquires Paytm’s events and ticketing business, it would be its second-biggest purchase ever, after buying Blinkit (formerly Grofers) in 2022 for Rs 4,447 crore Food delivery giant Zomato … Read more
New Delhi: Online food delivery platform Zomato is in advanced discussions to buy Paytm’s movie ticketing and events business, according to multiple reports. This move aligns with Zomato’s plan to expand its ‘going out’ offerings. The potential deal could value Paytm’s vertical at around Rs 1,500 crore, as per reports. Zomato or Paytm were yet … Read more
Stocks To Watch On June 11: Indian markets may continue to consolidate on Tuesday amid lack of decisive triggers. At 7:43 AM, GIFT Nifty was up 29 points at 23,276 levels. InterGlobe Aviation: Rahul Bhatia’s promoter entity, InterGlobe Enterprises, is expected to off load around 2 per cent stake in the company through a block … Read more
New Delhi: One97 Communications Limited (OCL), which owns the Paytm brand, has begun to lay off an undisclosed number of employees amid a restructuring exercise, along with facilitating outplacement assistance to those affected. The company said in a statement that it is also disbursing bonuses which were due to employees, “ensuring fairness and transparency in … Read more
