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SoftBank sells another 2% stake in Paytm, offloads worth Rs 3,800 crore shares in FY24

SoftBank sells another 2% stake in Paytm, offloads worth Rs 3,800 crore shares in FY24

Wed, Jan 24, 2024

The firm offloaded shares worth Rs 2,840 crore across three tranches -- May, July and December 2023 -- and the fourth tranche concluded earlier this week.

Paytm quarterly loss narrows; should you buy, sell or hold One97 stock now?

Paytm quarterly loss narrows; should you buy, sell or hold One97 stock now?

Sat, Jan 20, 2024

The target has also been raised to Rs 960 from the earlier Rs 925. The brokerage is bullish on the counter as it is of the view that Paytm is attempting to diversify.

Q3 Results LIVE Updates: Hindustan Zinc, Central Bank of India, Atul Ltd report earnings; Paytm, RBL Bank among 45 firms scheduled to post results today

Fri, Jan 19, 2024

Q3 FY24 Results LIVE Updates: Around 45 companies, including RBL Bank and Paytm, are scheduled to report their Q3 FY24 earnings on January 19. Catch all the highlights here as the earnings season gathers steam on Dalal Street.

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Saroj Poddar-owned Adventz group not keen on buying minority stake in Paytm

Saroj Poddar-owned Adventz group not keen on buying minority stake in Paytm

Tue, Jan 03, 2017

Saroj Poddar-controlled Adventz group on Tuesday said it was approached for buying a minority stake in Paytm, but has decided against it.

Average balance in a Paytm account since demonetisation? Rs 59

Average balance in a Paytm account since demonetisation? Rs 59

Thu, Dec 29, 2016

Average balance in a Paytm wallet since demonetisation drive that began on November 8, 2016 has been around Rs 59.

Amazon India, Flipkart, Paytm contribute 70% of total loss of Rs 10,670 crore in FY16

Amazon India, Flipkart, Paytm contribute 70% of total loss of Rs 10,670 crore in FY16

Wed, Dec 28, 2016

In a bid to capture a larger pie of India's booming e-commerce market, leading online retailers recorded 70% of total losses for the fiscal year 2015-16 (FY16),

Note-ban has led RuPay card usage at PoSes surge 7-times: NPCI

Note-ban has led RuPay card usage at PoSes surge 7-times: NPCI

Tue, Dec 27, 2016

The market is so large that other platforms like the mobile wallets from Paytm and others can still make a large profitable business.

How Paytm's quick marketing reflexes reaped demonetisation rewards

How Paytm's quick marketing reflexes reaped demonetisation rewards

Tue, Dec 27, 2016

Just moments after PM Modi's demonetisation announcement Paytm jumped into action to come up with a marketing strategy that put them way ahead of other digital wallets.

Paytm still facing glitches; users complain of payment issues

Paytm still facing glitches; users complain of payment issues

Thu, Dec 22, 2016

The users said they are not able to see the existing balance in their Paytm wallet and their attempts to transfer the balance back to bank accounts were failing. Paytm customers have been facing such issues for the last few days.

India Inc seals $52 billion M&As in 2016; eyes bigger deals in 2017

India Inc seals $52 billion M&As in 2016; eyes bigger deals in 2017

Thu, Dec 22, 2016

"The M&A activity in 2017 is expected to stay positive owing to continued interest of financial and strategic investors in the Indian economy. Sectors like technology, life sciences and financial services are expected to attract significant investor attention in 2017," said Ajay Arora, Partner, Transaction Advisory Services, EY.

Paytm faces service outage due to sudden jump in users

Paytm faces service outage due to sudden jump in users

Wed, Dec 21, 2016

Users of e-payments company Paytm on Tuesday faced difficulties in transacting through the app which the company said was due to some "technical" error.

No-cash November pushes four-fold jump in e-wallet downloads

No-cash November pushes four-fold jump in e-wallet downloads

Mon, Dec 19, 2016

PM Modi's demonetisation move pushed e-wallet app downloads to grow four-fold in the midst of a cash crunch.

CBI registers cheating case against 15 customers on Paytm's complaint

CBI registers cheating case against 15 customers on Paytm's complaint

Sat, Dec 17, 2016

Acting on a complaint from digital wallet company Paytm, Central Bureau of Investigation (CBI) has registered a case against 15 customers of the company over allegations of cheating it to the tune of Rs 6.15 lakh.

PayPal files complaint against Paytm for stealing logo

Fri, Dec 16, 2016

The global digital payments company has filed a complaint with the Indian Trademark office for using a trademark which is very much similar in nature.

Paytm lodges FIR against customers for alleged cheat of Rs 6.15 lakh

Paytm lodges FIR against customers for alleged cheat of Rs 6.15 lakh

Fri, Dec 16, 2016

CBI has registered an FIR against some customers of digital wallet Paytm on the company's complaint that it has allegedly been cheated to the tune of Rs 6.15 lakh by customers based in New Delhi.

Paytm founder sells 1% in One97 Communications for Rs 325 crore

Paytm founder sells 1% in One97 Communications for Rs 325 crore

Fri, Dec 09, 2016

Paytm founder Vijay Shekhar Sharma has sold 1% of his shares in One97 Communications to its shareholders for about Rs 325 crore. The amount raised will be utilised for Paytm's proposed payments bank operations, in which Sharma holds 51% stake.

Paytm accounts for nearly 40% funding in fintech start-ups in last 3 years

Paytm accounts for nearly 40% funding in fintech start-ups in last 3 years

Fri, Dec 09, 2016

There has been a surge in funding seen in fintech start-ups in Q3 however the funding during the year falls short the levels of 2015.

Paytm to complete 2 billion transactions this year: CEO Sharma

Paytm to complete 2 billion transactions this year: CEO Sharma

Thu, Dec 08, 2016

On its way to complete two billion transactions this year surpassing its own expectations, Digital payments platform Paytm today said it aims to become universal payments app across every bank account.

After MobiKwik, Paytm now launches cashless services for feature phone users

After MobiKwik, Paytm now launches cashless services for feature phone users

Wed, Dec 07, 2016

The move comes a majority of Indian users still use feature phones, especially in rural India.

Now, pay via Paytm without an internet connection

Now, pay via Paytm without an internet connection

Wed, Dec 07, 2016

In an attempt to support the Government of India's cashless economy move, online payments company Paytm on Wednesday launched payments method on feature phones for non-internet users.

Brownie points to backlash: When brands get it wrong in supporting govt initiatives

Brownie points to backlash: When brands get it wrong in supporting govt initiatives

Tue, Dec 06, 2016

Brands such as Paytm and Reliance Jio had received backlash from consumers for using the image of PM Modi for their ads without the consent of the government.

Now your Paytm wallet will become your Paytm Payments Bank account

Now your Paytm wallet will become your Paytm Payments Bank account

Mon, Dec 05, 2016

Digital wallet service company, Paytm owned by One97 Communications Ltd, said on Monday that it will be converted into Paytm Payments Bank after the company is granted licenses by Reserve Bank of India.

Fintech startups likely to witness rise in hiring post demonetisation

Fintech startups likely to witness rise in hiring post demonetisation

Sun, Dec 04, 2016

Fintech startups are proving to be the biggest beneficiaries of the government's demonetisation move and with the rise in business, recruitment plans of these companies are likely to see significant uptrend in coming months, experts say.

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