The Indian Multinational technology company, owned by One97 Communications, is a digital payment platform that also specializes in e-commerce and finance. It provides an easy gateway for online transfer of money along with services like bill payments More
Paytm Payments Bank commenced its operations on May 23, 2017 and completed five years of operations last month.
Aatrey’s comments come at a time when high-growth tech companies, which got listed on the bourses last year, including unicorns such as Paytm, Zomato, and PolicyBazaar, among others have been dumped by public market investors as these firms have never managed to show a company-level profit.
“We at Paytm allow you to work from home/anywhere for product, tech and business roles,” Vijay Shekhar Sharma wrote on Twitter.
One97 Communications' Managing Director Vijay Shekhar Sharma bought 1,00,552 shares worth Rs 6.31 crore and on May 31, he bought 71,469 shares worth Rs 4.68 crore. The company stock was trading at Rs 625.75 in the afternoon session.
Paytm said that its lending business continued its strong performance from the previous quarter
Paytm’s lending business clocked 5.5 million loan disbursals in April-May
Multiply Ventures' final close of its first fund came at a time when early-stage funding in the Indian tech startup ecosystem fell to a 12-month low in May
UPI is increasingly becoming a super payment interface, shaking the payment ecosystem which was controlled by private banks and the payment duopolies
“This is a game changer move by RBI,” said Vijay Shekhar Sharma on linking credit cards with UPI.
Nigam said that the Walmart and Flipkart-owned startup will go public once its core businesses turn profitable and its new-age initiatives achieve good scale.
Deepankar Sanwalka, a Big Four veteran of 27 years, has previously worked with PwC where he was the India advisory leader and leader of risk advisory services, and at KPMG he led the risk consulting vertical.
Q4 results show that balancing growth and profitability will be a tall order for consumer tech companies, say analysts and industry experts. Factors like elevated marketing costs, suppressed demand and fading pandemic effects would continue to be challenges for Zomato, Nykaa, Paytm and Policybazaar
Features such as Paytm wallet and Paytm Postpaid help customers complete transactions with just a click; no OTP or additional details are needed
Based on the open interest future percentage, here are the 155 stocks including Nifty Financial, Zydus Life, GNFC, PFC, and Tata Communications, in which short-covering was seen.
PhonePe informed that the users can begin investing in Gold with a minimum amount of Rs 100 per month.
In March, the Reserve Bank of India ordered a comprehensive audit of the company's IT systems, citing "material" supervisory concerns, without elaborating further, and barring it from taking on new customers.
Our specially curated package of the most interesting articles of the day will help you stay at the top of your game.
The proposal to set up a joint venture firm Paytm General Insurance Limited (PGIL) was approved by the board on May 20, the company said in a regulatory filing. OCL also said that it has reappointed Vijay Shekhar Sharma as its managing director for five years.
A Twitter user had shared a photo showing a vendor’s payment reminder scribbled on a newspaper’s front page.
The company said it was on track to break even at the EBITDA level by September 2023.
In a regulatory filing, Paytm reiterated its intention to make inroads in the general insurance sector, as it is extremely bullish about its potential. Paytm said it remains bullish on its roadmap for general insurance, "and we intend to seek requisite approvals for a new general insurance license, wherein we hold a 74 per cent majority shareholding upfront."
The firm further added that the agreement has automatically terminated following the failure of share sale and purchase transaction according to agreement.
Samay Raina's tweet got a lot of cheeky comments from followers. It was, however, Paytm's response that stole the show.
At its target price of Rs 910, Paytm would still trade at a discount at 11x multiple, Citigroup Research has said
The newly launched INOX InstaPay wallet is beneficial for moviegoers who prefer watching a movie only in an INOX multiplex