The revised interest rates will be applicable starting April 18, 2025, while the updated brokerage of 0.1 per cent per trade will be applicable from May 18, 2025
The stock has fallen 19.5 per cent this year, compared to a 1.61 per cent fall in the benchmark Nifty 50
The northward movement in the Paytm share price came after the company announced that it is shifting to direct transaction processing
Paytm stock settled at ₹733.15, down 3.92 per cent from the previous day's close of ₹763.10 on the NSE
With this registration, Paytm Money Limited can offer Sebi-compliant research services, including investment insights, research reports, and data-driven analysis, the company said in a statement
The Enforcement Directorate on Monday said it has issued a Rs 611 crore worth show cause notice to Paytm's parent company and linked entities for "contravention" of the FEMA on various counts. The notice has been issued by a special director of the federal agency before the initiation of adjudication proceedings. The show cause notice has been issued to Paytm's flagship company One 97 Communication limited (OCL), its managing director and other Paytm subsidiary companies like Little Internet Pvt Ltd and Nearbuy India Pvt Ltd for contraventions of the provisions of the Foreign Exchange Management Act (FEMA) to tune of around Rs 611 crore, the ED said in a statement. Investigation found that OCL made foreign investment in Singapore and "did not" file necessary reporting to the Reserve Bank of India (RBI) for the creation of an overseas step-down subsidiary, it said. The OCL had also received foreign direct investment (FDI) from overseas investors "without following" proper pricing ..
The company has allegedly violated the Foreign Exchange Management Act (Fema) involving aggregate transactions worth over Rs 611 crore related to the acquisition of its subsidiaries
This support initiative is aimed at fostering innovation and accelerating the growth of manufacturing and fintech startups in India
Paytm had informed about the investment of $1 million (equivalent to Rs 8.7 crore) by Paytm Cloud Technologies Ltd in Seven Technology LLC, Delaware for acquisition of a 25 per cent stake
The case stemmed from alleged violations of Sebi's technical glitch framework, outlined in a circular dated November 25, 2022
Seven Technology LLC is the parent company of Dinie Correspondente Bancário e Meios de Pagamento Ltda. ("Dinie"), Brazil-based API-first embedded finance start-up
The loss follows a profitable September quarter, when the company reported a profit of Rs 928.3 crore, driven by the sale of its movie and ticketing business to Zomato
Paytm Q3FY25 results: One97 Communications had reported a loss of Rs 209 crore during the same period last year
The northward movement in the Paytm share price came after domestic brokerage Emkay upgraded the stock to 'Buy' from 'Add'. It also raised the target price to Rs 1,050, from 750 earlier
Paytm share price: From its 52-week high level of Rs 1,063, which it hit on December 17, 2024, Paytm share price has crashed 20.6 per cent
Paytm currently has a cash balance of over Rs 10,000 crore. The Rs 2,364 crore sale would expand it by over 20 per cent
Paytm's parent, One97 Communications, is set to sell its $250 million stake in PayPay to SoftBank as part of its strategy to divest non-core assets and focus on expanding its payments business
UBS highlighted that further business growth must now be driven by revenue, as most cost optimisation efforts have already been realised
The northward move in the stock price is fueled by the news that the company has launched UPI International, allowing Indian travelers to make UPI transactions in 6 foreign countries
The surge in Paytm share price came after the company announced that National Payments Corporation of India (NPCI) has granted approval to the company to onboard new UPI users