Page 3 - One 97 Communications

Paytm drops 4% after approval of incentive for low-value UPI transactions

Paytm stock settled at ₹733.15, down 3.92 per cent from the previous day's close of ₹763.10 on the NSE

Paytm Money gets Sebi registration as research analyst, investment adviser

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

Paytm parent failed to file required reports to RBI: ED on Rs 611 cr notice

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 ..

Why One 97 Communications, parent of Paytm, shares lost 4% in trade today?

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

Paytm, DPIIT partner to support fintech startups with mentorship & funding

This support initiative is aimed at fostering innovation and accelerating the growth of manufacturing and fintech startups in India

Paytm rises 4% as arm completes acquisition of 25% stake in Seven Tech

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

Paytm Money settles technical violation case with Sebi for Rs 45.5 lakh

The case stemmed from alleged violations of Sebi's technical glitch framework, outlined in a circular dated November 25, 2022

Why One 97 Communications, parent of Paytm, shares gain 5% in weak market?

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

Paytm Q3 FY25 results: Losses narrow to Rs 208.3 cr, revenue declines 36%

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 Q3 FY25 results: Loss narrows to Rs 208 crore, revenue down 36%

Paytm Q3FY25 results: One97 Communications had reported a loss of Rs 209 crore during the same period last year

Paytm share rallies 8% as Emkay upgrades to 'Buy' from 'Add', lifts target

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 drops 14% this week; breaks support levels on tech chart

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 hits 52-week high after Singapore arm to sell stake in Japan's PayPay

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 set to sell stake in Japan's PayPay to SoftBank for $250 million

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

Paytm stock hits 52-week high, rises 3% as UBS hikes target to Rs 1,000

UBS highlighted that further business growth must now be driven by revenue, as most cost optimisation efforts have already been realised

One 97 Communications stock gains 3% as Paytm unveils UPI International

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

Paytm shares fly 11% as NPCI allows co to onboard new UPI customers

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

Paytm Q2FY25 result: Consolidated net profit at Rs 930 cr; revenue down 34%

Paytm Q2 results: The company's net profit was boosted by a one-time gain of Rs 1,345 crore from the sale of its movie ticketing business to Zomato

Paytm gets govt approval for downstream investment in payments arm PPSL

Fintech firm One97 Communications -- the owner of Paytm brand -- has received the government's approval for downstream investment in wholly owned subsidiary Paytm Payments Services Ltd, a regulatory filing said on Wednesday. The company will reapply for a payment aggregator (PA) licence, it said. "We would like to inform you that PPSL has received approval from the Government of India, Ministry of Finance, Department of Financial Services, vide its letter dated August 27, 2024, for downstream investment from the Company into PPSL. With this approval in place, PPSL will proceed to resubmit its PA application. In the meantime, PPSL will continue to provide online payment aggregation services to existing partners," Paytm filing said. The Reserve Bank of India (RBI) had rejected Paytm's PA licence permit application in November 2022 and instructed the company to reapply with Press Note 3 compliance under foreign direct investment norms. As per Press Note 3, the government had made its

Paytm launches NFC card soundbox with integrated card payment system

Paytm NFC card soundbox will allow small shops to accept a range of payments, including credit and debit cards as well as UPI