Jun 18, 2021 08:17 PM IST
Approval for declassification of Vijay Shekar Sharma as the promoter is important but the stake held by Alibaba and Ant Group is also a matter which could be under Sebi’s lens for Paytm to be eligible for getting Professionally Managed Company (PMC) status.
- Jun 17, 2021 10:34 AM IST
There is something about Paytm. The Indian multinational technology company has encouraged the spirit of entrepreneurship, pushing its team members to think big and out of the box. The outcome is several start-ups spawned by their former senior executives.
- Jun 07, 2021 10:58 AM IST
Paytm, on June 5, reported a revenue of Rs 3,186 crore for fiscal year 2020-21, compared with Rs 3,540 crore in 2020.
- Jun 01, 2021 04:36 PM IST
Paytm received an in-principle approval from the company's board to raise around Rs 22,000 crore through an IPO during October-December. The digital payments and financial services firm is looking at an enterprise value of over Rs 2 lakh crore.
- May 30, 2021 01:25 PM IST
One97 Communications India Ltd, which runs the Paytm service, is likely to go for an IPO with almost double the valuation.
- May 28, 2021 04:34 PM IST
The board of One97 Communications, the parent firm of Paytm, is meeting on May 28 to give its go-ahead to a $3-billion IPO, the biggest in India's history.
- Mar 09, 2021 10:27 PM IST
NUEs will be set up as a company as a for-profit under the Companies Act, 2013 and will get authorisation under the Payment and Settlement Systems Act, 2007 (PSS Act).
- Jan 14, 2021 10:25 AM IST
Vijay Shekhar Sharma also said Indian entrepreneurs should call out Big Tech companies, to "make them aware" of any alleged unfair enforcement of policies.
- Dec 23, 2020 04:26 PM IST
Industry executives had said these steps will help promote new job opportunities (especially in smaller towns), encourage innovation ecosystem, and support the development of an inclusive and diverse workforce.
- Dec 15, 2020 06:34 PM IST
Paytm founder and CEO Vijay Shekhar Sharma said accelerating internet adoption has increased the need for tech-enabled tools in developing countries, which Indian market is well-placed to serve.
- Oct 05, 2020 06:43 PM IST
The Paytm founder also claimed that the tech giant was not abiding by Indian laws and its actions are in violation of India's sovereignty. He also appealed to Indian start-ups to come together and stand against the "giant gorilla".
- Sep 18, 2020 05:41 PM IST
Earlier today, Google pulled down Paytm's mobile application from its app store, citing policies on gaming and betting as the reason for the move.
- Jul 23, 2020 07:01 PM IST
The founder pointed out that there is a massive opportunity in lending and Paytm is now getting stronger in the deposit taking businesses
- Jul 09, 2020 06:26 PM IST
Is Paytm founder Vijay Shekhar Sharma’s grand vision of transforming his company into a full-fledged financial services player complete after the acquisition of Raheja QBE?
- Jun 30, 2020 10:56 AM IST
Paytm counts China's Alibaba and Ant Financial as its major investors.
- Nov 27, 2019 12:30 PM IST
The odds are stacked against Paytm. In every business segment, Paytm founder Vijay Shekhar Sharma is fighting against multiple, focussed players and with cash burning capacity. Sustenance is becoming a question, forget leadership in its markets.
- Oct 21, 2019 09:55 PM IST
Apart from the Rs 3 crore remuneration, Sharma will also be entitled to perquisites that include heads like vehicles, fuel expenses, accomodation, travel expenses, amongst others.
- Oct 14, 2019 06:55 PM IST
Asked if more funds would be pumped into Paytm Mall, Sharma said: "We have money in the bank, we have $260 million, so I would say that we can give more growth capital to it, so basically after a year, Paytm Mall would break even for sure".
- Sep 11, 2019 04:26 PM IST
Mounting losses and expansion into several business areas could derail India’s first profit-making payments bank. For mobile wallet Paytm, banking could be its best pathway to an IPO
- May 14, 2019 06:04 PM IST
The company, which reportedly engaged consultancy firm EY to conduct the audit, found out that some sellers were colluding with junior employees to earn the cashbacks, he added.
- May 14, 2019 05:42 PM IST
The Paytm First Card will offer 1 percent cashback on all transactions, unlike reward points offered by most rival credit cards in India.
- Mar 15, 2019 02:55 PM IST
Dhawan, along with her husband Rupak Jain and an administration resource Devender Kumar, were arrested for allegedly being part of an extortion bid against Sharma in October.
- Dec 04, 2018 07:56 PM IST
Last month, her husband Rupak Jain's bail plea was rejected by the court.
- Nov 29, 2018 02:41 PM IST
Speaking on the sidelines of TiE Global Summit, Sharma said, "dominance in Japan is very important. It's a market that we believe, is at an inflection point because people have done lot of trials but led with card (credit/debit)...we believe we have a very high value proposition".
- Nov 26, 2018 04:48 PM IST
"The other accused can now use this order to make their bail appeals stronger," said a lawyer requesting anonymity.