Page 10 - Paytm

New RBI Gov Sanjay Malhotra, Vikram Misri visits Dhaka, Paytm shares & more

Sanjay Malhotra, the current Revenue Secretary in the Finance Ministry has been appointed as the 26th Governor of the RBI for a term of three years, and will be taking charge starting Wednesday.

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's Singapore unit to sell stake in Japan's PayPay for Rs 2,364 crore

The transaction is expected to close this month subject to approvals. The sale is expected to strengthen the parent company's cash reserves

Paytm arm to sell stock acquisition rights in Japan's PayPay for Rs 2.3K cr

Fintech firm and owner of Paytm brand One97 Communications' Singapore-based arm has approved the sale of its Stock Acquisition Rights in Japan's PayPay to Softbank Vision Fund 2 for Rs 2,364 crore, the company said in a regulatory filing on Saturday. Paytm and Paytm Singapore had signed an agreement with the Japanese digital wallet firm, Softbank Corp, Softbank Group Corp and Yahoo Japan Corporation to provide technology services to PayPay. In lieu of the services, Paytm Singapore had acquired Stock Acquisition Rights, convertible into 1,59,012 shares or a 7.2 per cent stake in PayPay on a fully diluted basis. "One97 Communications Singapore Private Limited has informed the company on December 06, 2024, at 12:49 pm (IST), that its Board of Directors at its meeting held on December 06, 2024, has approved the sale of all its Stock Acquisition Rights in PayPay Corporation, Japan, to SoftBank Vision Fund 2 entity for net proceeds of JPY 41.9 billion (equivalent to Rs 2,364 crore)," the

Paytm's wholly-owned Singapore unit approves stake sale in PayPay

The value of the deal is reportedly pegged at $250 million, although the company did not voluntarily disclose the deal size on the exchanges

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

Regulation-first approach to drive success for fintechs: Paytm founder, CEO

He added that it is the responsibility of entities in the financial services domain to ensure the safety of users through measures involving customer education

LIC, BSE, Angel One, Adani shares soar up to 9% on F&O entry; Nykaa dips 2%

It was a mixed debut for the new 45 entrants in the derivatives segment as 50 per cent of the shares traded with losses in intra-day deals on the NSE.

Paytm rallies 6%, trades higher for fifth straight day; nears 52-week high

The stock has rallied 19% in five trading days and is quoting at its highest level since November 2023

Don't rush to buy new-age co's stocks despite good Q2 results: Analysts

With new-age companies delivering healthy September quarter results, analysts still remain on a wait-and-watch mode. Here's why

Paytm launches UPI International, enables cashless payments abroad

Paytm brings UPI payments for Indian travellers to UAE, France, Singapore, and more

Zomato, ATGL, Paytm: Should you buy these stocks as NSE approves F&O entry?

The NSE has approved the addition of 45 new stocks to the F&O; technical chart suggests that these 5 including the likes of Paytm, Zomato and Adani Total Gas can zoom up to 27% from present levels.

A litmus test for fintech IPOs as MobiKwik inches closer to listing

After Paytm's disappointing performance after listing in 2021, the markets have evolved and the fintech ecosystem has matured with greater regulatory clarity from the RBI

Paytm hits highest level in calendar year 2024; zooms 169% in 6 months

Analysts believe Paytm's cost optimization measures and gradual business turnaround will put it on an early path to profitability.

Shreyas Srinivasan quits as Paytm's CPO after Zomato's Insider acquisition

The Rs 2,000-crore acquisition was finalised in Q2, with Shreyas Srinivasan leaving Insider in August and marking his last day at Paytm on Monday

How to link your bank account on Paytm app to get a new UPI ID

Paytm partners with Axis Bank, YES Bank, SBI and HDFC Bank as a payment service provider (PSP) through UPI

Paytm can onboard new UPI users. Could this be the big turnaround for Paytm?

9 months after the RBI forbade Paytm from adding new users to its UPI platform, the fintech company has now finally received the NPCI's approval to onboard new UPI users.

Paytm gets NPCI nod to onboard new UPI users months after RBI restrictions

The approval may lead to an increase in company's UPI transaction volumes

Confident Paytm will solve 'concentration risk' in UPI ecosystem: CEO

One97 Communications announces consolidated profit of Rs 928.3 crore in Q2

Paytm share price slips 5% post Q2FY25 results; Check details

Paytm reported an exceptional item gain of Rs 1,345.4 crore from the sale of its ticketing business to Zomato during the quarter