A senior government official told Moneycontrol that Tesla's proposal to set up a manufacturing base is under consideration.
It is currently targeting to launch its new app in the coming month
The co-founder of India's second most valued internet company is buying a property in Lutyens' Delhi, which houses the country's most influential individuals.
Paytm also expects to clock over 3X growth in number of train tickets booked through its platform this financial year
In Paytm Payments Bank, One97 Communications owns a 49 percent stake and Vijay Shekhar Sharma owns 51 percent.
Vijay Shekhar Sharma-led e-wallet firm Paytm has raised USD 1.4 billion from Softbank Group Corp making it one of the largest funding rounds in the wallets space in India
Paytm founder Vijay Shekhar Sharma said he takes the banking business very seriously and is looking at Rs 10,000 crore as starting capital for banking and financial services.
The deal, which could increase Paytm's valuation to $7 to $9 billion, will see SoftBank buying some shares from existing Paytm investor SAIF Partners and founder Vijay Shekhar Sharma beside investing money in the company, the report said.
Paytm has pulled out of talks to acquire Snapdeal leaving the ball in the court of Flipkart's major investors, sources close to talks, told Moneycontrol.
Paytm CEO Vijay Shekhar Sharma said that the company will be leveraging the e-commerce arm as its primary bet in the market and is not looking into expand its payment business just yet.
Paytm Payments Bank, which got the final approval from the Reserve Bank in January, hopes to start operations by the month-end, PayTm founder and chief executive Vijay Shekhar Sharma said here today.
With its Canada launch, Paytm joins the league of startups such as Zomato and Practo which have launched consumer internet apps on foreign shores
Noida-based Paytm is in talks with leading insurance companies to provide a free insurance cover on the users’ wallet balance, the company said in a statement on Wednesday.
Reliance Capital had invested Rs 10 crore to acquire its stake in the payment and e-commerce company and retains it free of cost.
The financial services arm of Reliance Group had invested Rs 10 crore for this stake in Paytm.
The Alibaba-backed company also announced the launch of Paytm Mall app, which will allow consumers to shop from 1.4 lakh registered sellers.
With hundreds of employees being handed out pink slips by companies such as Snapdeal and Stayzilla, rival e-commerce firm Paytm is walking into the ring by offering generous job offers to laid-off staffers.
Soon paying for your cinema ticket or buying prescription pills over the counter will become easier and less time conusming. In a move to make retail payments seamless, the RBI today introduced BharatQR or quick response platform.
Paytm launched offline transactions in January 2016, and Sharma said that within a year it has overtaken online transactions for the company.
Speaking to CNBC-TV18 from the side-lines of Chasing growth 2017, the annual global investor conference hosted by Kotak Institutional Equities, Paytm CEO Vijay Shekhar Sharma said that the company believe that whatever money comes in the market, offline will remain bigger transaction category than online for Paytm.
Launched about a year and a half ago, the company is backed by Y Combinator. It has three centres in Delhi, Chandigarh and Bengaluru.
"I will not stop till I can see a â€˜Paytm Accepted Here‘ sign in a London or San Francisco someday," Sharma said.
Representatives of Indian industry, including online retail and technology firms, will discuss issues pertaining to trade and e-commerce with WTO chief Roberto Azevedo here tomorrow.
Mobikwik is firming up plans to transform into a full-fledged financial services platform to offer users interest on money parked in its mobile wallet through tie-ups with instruments such as mutual funds. It also plans to dole out loans to its customers through bank-to-bank collaborations.