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The Latest Breaking News from Paytm

Paytm says no links with traders in loan app case

Funds don’t belong to us, the company says

The Hindu

Paytm shares surge after reappointment of Vijay Shekhar Sharma as MD

NEW DELHI: Shares of One97 Communications, which operates under the Paytm brand, surged on Monday after the company said that it approved the re-appointment of Vijay Shekhar Sharma as managing director and chief executive officer of the company.

The Times of India

Paytm founder gets nearly 100% votes to remain MD

MUMBAI: Around 99.7% of the shareholders of Paytm's parent, One97 Communications, have voted in favour of a resolution to reappoint Vijay Shekhar Sharma as MD CEO of the company and approved his remuneration.

The Times of India

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Paytm CEO Vijay Shekhar Sharma faces biggest test since IPO dud

NEW DELHI: The billionaire founder of Paytm faces a crucial test of investor confidence on Friday, when shareholders will decide whether they want him at the helm of a fintech pioneer that made one of the worst debuts in history.

The Times of India

Paytm Q1 net loss widens to Rs 644.4 crore

NEW DELHI: Digital financial services firm One97 Communications, which operates under the Paytm brand, on Friday said its consolidated loss widened to Rs 644.4 crore in the first quarter ended June 30.

The Times of India

BCCI likely to give sponsors time till October to pay up

MUMBAI: The BCCI is likely to give Indian cricket team’s jersey sponsor Byju’s, who allegedly owes Rs 86.21 crore as dues to the Board, time till the “first half of October,” failing which its bank guarantee will be encashed, TOI has learnt.

The Times of India

Byju’s ‘pending payment’ with BCCI is incorrect, says the cricket Board; laments ‘deliberate leak’

MUMBAI: The cricket industry went into a tizzy on Friday morning, questioning the ‘work ethics’ of certain unidentified individuals in the ecosystem who chose to selectively point out to the media that BCCI’s official jersey sponsor Byju’s owes the cricket board a pending amount of Rs 86.21 crore.

The Times of India

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News of Byju's 'payment pending' with BCCI is incorrect, says the cricket Board; laments ‘deliberate leak’

The Times of India

News of Byju's 'payment pending' is incorrect, says BCCI, laments ‘deliberate leak’

The Times of India

Jersey sponsor Byju's allegedly owes Rs 86.21 crore to BCCI, Paytm wants to exit as title sponsor

NEW DELHI: Indian cricket team's jersey sponsor Byju's allegedly owes Rs 86.21 crore as dues to the BCCI while title sponsor Paytm has requested the board to transfer its rights to a third party.

The Times of India

Competition issues | Paytm, Oyo and Zomato founders among tech firms officials to meet parliamentary panel

Competition Commission of India is already probing various cases, especially in the digital space, following complaints of alleged unfair business practices

The Hindu

Gang of three brothers held for robbing shop owner in Bengaluru

BENGALURU: Three brothers have been arrested for allegedly robbing a man who boarded an autorickshaw at Carmelaram bus stop on the night of July 9.

The Times of India

NICE road toll hike deferred

Due to some technical glitches with Paytm and other platforms, regarding collection of payment, the company withdrew the order

The Hindu

Vijay Shekhar Sharma buys 1.7 lakh shares of Paytm worth Rs 11 crore

NEW DELHI: Digital financial services firm One97 Communications' Managing Director Vijay Shekhar Sharma has purchased 1.7 lakh shares of the company worth Rs 11 crore, according to a regulatory filing.

The Times of India

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The Hindu

India-SA T20 online tickets to be available from June 5, offline from June 8

Paytm is the official partner for tickets for the T20 match between India and South Africa with the minimum ticket price being ₹600 and the maximum prices being ₹6,000

Bangkok Post

In India's Mobile-Payments Boom, Even Beggars Get QR Codes

A beggar in the eastern Indian state of Bihar strolled through a train station one recent weekday, toting a metal pail for cash and a tablet computer with a QR code stuck on the back.

Benzinga

Paytm Payments Bank Expects India's Central Bank To Ease Regulatory Curbs On It Soon

India’s Paytm Payments Bank said it expects the central bank to allow it to start taking on new customers in the next few months and would comply with all the audit requirements to remove the regulatory curbs imposed on it.

The Times of India

Paytm Q4 loss widens to Rs 761 crore, average monthly transacting users (MTU) grow 41% Y-o-Y

NEW DELHI: Digital financial services firm One97 Communications, which operates under the Paytm brand, on Friday reported widening of its consolidated loss to Rs 761.4 crore for the quarter ended March 2022 on account of rise in payment processing charges and employees benefit expenses.

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Benzinga

Walmart Intensifies Rivalry With Google, Amazon By Targeting India's Budding Payments Market

Walmart Inc's (NYSE:WMT) Indian payments unit PhonePe will acquire two wealth management firms for a total enterprise value of $75 million, Bloomberg reports. PhonePe will buy WealthDesk for about $50 million and OpenQ for nearly $25 million. The acquisitions will help broaden PhonePe's offerings in India's budding payments market, where Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL)…

The Times of India

Foreign investors shun LIC IPO over market risks

NEW DELHI: Foreign institutional investors have on the whole steered clear of India’s biggest share sale, deeming it too expensive given currency risks and the global market backdrop.

Benzinga

Jack Ma, Warren Buffett Backed Paytm Looks To Breakeven Soon: Bloomberg

Paytm, backed by SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) and Alibaba Group Holding Ltd's (NYSE:BABA) fintech affiliate Ant Group, looks to break even on an operating basis over the next year-and-a-half, Bloomberg reports. The Indian digital payments pioneer doubled its gross merchandise value to $34.3 billion in the March quarter. Paytm looks to become profitable in…

The Times of India

Paytm shares declined due to volatile market conditions: CEO Vijay Shekhar Sharma

NEW DELHI: Shares of Paytm declined significantly in recent times due to volatile market conditions for high growth stocks, the company's CEO Vijay Shekhar Sharma said on Wednesday.

Benzinga

Don't Go Buying Every Stock That Is Down 40-50%, Warns Prominent Indian Investment Banker

Despite the subdued global cues from the foreign markets, the Indian stock market has given a pretty decent return of almost 13% to investors in the past month.

The Times of India

Softbank representative Munish Varma resigns from Paytm, PB Fintech boards

NEW DELHI: Softbank managing partner Munish Ravinder Varma has resigned from the board of the digital financial services company One97 Communications, which operates under the Paytm brand, and PB Fintech, according to regulatory filings by both companies on Tuesday.

Benzinga

SoftBank Founder Boosts Collateral To 33% Of Stock As Stock Prices Sink

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) founder Masayoshi Son has raised the collateral stock to financial institutions as its shares plunged over 2021, Bloomberg reports. Son boosted the stock pledged as collateral to ~33% of his stake or 153.3 million shares in SoftBank as its shares sank 60% from their peak last year.…

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