vijay shekhar sharma
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  • Exclusive | Paytm eyes PMC status in IPO, will require crucial Sebi approval Jun 18, 2021 08:17 PM IST

    Exclusive | Paytm eyes PMC status in IPO, will require crucial Sebi approval

    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.

  • Meet the Paytm 'mafia' who have set out to carve their own path Jun 17, 2021 10:34 AM IST

    Meet the Paytm 'mafia' who have set out to carve their own path

    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.

  • IPO-bound Paytm may lend Rs 743 crore to founder Vijay Shekhar Sharma's companies: Report Jun 07, 2021 10:58 AM IST

    IPO-bound Paytm may lend Rs 743 crore to founder Vijay Shekhar Sharma's companies: Report

    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.

  • Paytm's shares race past Rs 21,000-mark in grey market ahead of IPO Jun 01, 2021 04:36 PM IST

    Paytm's shares race past Rs 21,000-mark in grey market ahead of IPO

    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.

  • Paytm looks to raise $3 billion by selling shares to the public May 30, 2021 01:25 PM IST

    Paytm looks to raise $3 billion by selling shares to the public

    One97 Communications India Ltd, which runs the Paytm service, is likely to go for an IPO with almost double the valuation.

  • Five charts that capture IPO-bound Paytm's journey May 28, 2021 04:34 PM IST

    Five charts that capture IPO-bound Paytm's journey

    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.

  • Paytm to apply for New Umbrella Entity Mar 09, 2021 10:27 PM IST

    Paytm to apply for New Umbrella Entity

    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).

  • Feels bad to be treated like a Third-World country by BigTech: Paytm's Vijay Shekhar Sharma Jan 14, 2021 10:25 AM IST

    Feels bad to be treated like a Third-World country by BigTech: Paytm's Vijay Shekhar Sharma

    Vijay Shekhar Sharma also said Indian entrepreneurs should call out Big Tech companies, to "make them aware" of any alleged unfair enforcement of policies.

  • Paytm putting efforts to hire staff from smaller towns, allow them to continue WFH: Vijay Shekhar Sharma Dec 23, 2020 04:26 PM IST

    Paytm putting efforts to hire staff from smaller towns, allow them to continue WFH: Vijay Shekhar Sharma

    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.

  • Indian entrepreneurs have once-in-a-lifetime opportunity to shape future of technology globally: Paytm CEO Vijay Shekhar Sharma Dec 15, 2020 06:34 PM IST

    Indian entrepreneurs have once-in-a-lifetime opportunity to shape future of technology globally: Paytm CEO Vijay Shekhar Sharma

    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.

  • Google acting like a government, slapping tax on app developers: Paytm CEO Vijay Shekhar Sharma Oct 05, 2020 06:43 PM IST

    Google acting like a government, slapping tax on app developers: Paytm CEO Vijay Shekhar Sharma

    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".

  • Is cashback gambling? Vijay Shekhar Sharma asks of Google Sep 18, 2020 05:41 PM IST

    Is cashback gambling? Vijay Shekhar Sharma asks of Google

    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.

  • For every payment made, Paytm Payments Bank makes money: Vijay Shekhar Sharma Jul 23, 2020 07:01 PM IST

    For every payment made, Paytm Payments Bank makes money: Vijay Shekhar Sharma

    The founder pointed out that there is a massive opportunity in lending and Paytm is now getting stronger in the deposit taking businesses

  • What does Paytm’s insurance foray mean and other key questions answered Jul 09, 2020 06:26 PM IST

    What does Paytm’s insurance foray mean and other key questions answered

    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?

  • Vijay Shekhar Sharma of Paytm, which has big Chinese investments, says Chinese apps ban is ‘in national interest’  Jun 30, 2020 10:56 AM IST

    Vijay Shekhar Sharma of Paytm, which has big Chinese investments, says Chinese apps ban is ‘in national interest’ 

    Paytm counts China's Alibaba and Ant Financial as its major investors.

  • Startup Corner | A $1-billion injection won't solve Paytm's problems, Sharma needs better focus Nov 27, 2019 12:30 PM IST

    Startup Corner | A $1-billion injection won't solve Paytm's problems, Sharma needs better focus

    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.

  • Paytm founder Vijay Shekhar Sharma to take home Rs 3 cr in remuneration in FY20 Oct 21, 2019 09:55 PM IST

    Paytm founder Vijay Shekhar Sharma to take home Rs 3 cr in remuneration in FY20

    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.

  • Expect Paytm Mall biz to break even in a year: Vijay Shekhar Sharma Oct 14, 2019 06:55 PM IST

    Expect Paytm Mall biz to break even in a year: Vijay Shekhar Sharma

    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".

  • Startup corner | Paytm needs to sharpen its focus to make its IPO dream come true Sep 11, 2019 04:26 PM IST

    Startup corner | Paytm needs to sharpen its focus to make its IPO dream come true

    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

  • Paytm probe reveals at least Rs 10 cr fraud: Vijay Shekhar Sharma May 14, 2019 06:04 PM IST

    Paytm probe reveals at least Rs 10 cr fraud: Vijay Shekhar Sharma

    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.

  • Paytm launches its first credit card in partnership with Citi May 14, 2019 05:42 PM IST

    Paytm launches its first credit card in partnership with Citi

    The Paytm First Card will offer 1 percent cashback on all transactions, unlike reward points offered by most rival credit cards in India.

  • Allahabad High Court grants bail to Paytm's Sonia Dhawan Mar 15, 2019 02:55 PM IST

    Allahabad High Court grants bail to Paytm's Sonia Dhawan

    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.

  • Paytm data theft case: No decision on Sonia Dhawan's bail plea; next hearing on December 11 Dec 04, 2018 07:56 PM IST

    Paytm data theft case: No decision on Sonia Dhawan's bail plea; next hearing on December 11

    Last month, her husband Rupak Jain's bail plea was rejected by the court.

  • Paytm Chief eyes dominance in Japanese market as ticket to US Nov 29, 2018 02:41 PM IST

    Paytm Chief eyes dominance in Japanese market as ticket to US

    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".

  • Paytm data theft case: Stay order on Chomwal's arrest may make it easier for Sonia Dhawan, husband to get bail Nov 26, 2018 04:48 PM IST

    Paytm data theft case: Stay order on Chomwal's arrest may make it easier for Sonia Dhawan, husband to get bail

    "The other accused can now use this order to make their bail appeals stronger," said a lawyer requesting anonymity.

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