Page 10 - Paytm

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 gets ED show cause notice for transactions involving over Rs 611 cr

Company says these violations pertain to a period when these firms were not subsidiaries of One97 Communications

Stocks to Watch, Feb 28: PFC, Paytm, JSW Infra, M&M, Tata Power, LIC

Share market today: Indian stock markets are likely to be influenced by the persistent selling of Indian equities by FIIs, Trump tariffs, and the country's Q3 GDP data set for release later today

Paytm bets on AI-first features to power profitability in the next 2 years

Chatbot will let customers ask questions, explore topics in Indian languages and make financial decisions

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

A year on, Paytm Payments Bank nudges users to reactivate wallets

The reactivation effort comes at a time when the payments bank has lost 72.25 per cent of its prepaid payment instrument (PPI) wallets from 363.15 million

Stocks to Watch, Feb 18, 2025: Airtel, NTPC, Power Grid, Vedanta, Paytm

Stocks to Watch, Feb 18, 2025: Airtel, NTPC, Power Grid and other stocks will be on investors' radar today

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

Stocks to Watch, Feb 14, 2025: TaMo, Nazara Tech, Hindalco, Paytm, NTPC

Stocks to Watch, Feb 14, 2025: From Nazara Tech to Hindalco, here are a few stocks that will on investors' and traders' radar during today's market session

Paytm Money settles Sebi norm violation allegations for Rs 45.5 lakh

In a separate development, Paytm Money announced the appointment of Rajeev Krishnamuralilal Agarwal as an additional non-executive independent director on its Board

Paytm, its CEO fined with GST penalty over alleged non-compliance

The Noida-based company said it was evaluating its options, including an appeal against the order issued by the Joint Commissioner, CGST Delhi North

Paytm Cloud to acquire 25% stake in Brazil's Seven Technology for $1 mn

Following the completion of the transaction, Seven Technology and Dinnie will become associate entities of One97 Communications (OCL), the parent company of Paytm

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

Now you can display Paytm QR code to receive money without opening app

Widget enables users to showcase their Paytm QR code on the home screen, allowing customers to scan and pay effortlessly without extra steps

Nakul Jain steps down as the Paytm Payments Services CEO

Nakul Jain is the Managing Director and CEO of Paytm Payments Services Limited (PPSL). He joined PPSL in June 2022 and is in charge of the Online Payments business

'No query from ED': Paytm denies reports of facing probe in crypto scam

Paytm on Friday said it has not received any fresh notice, communication, or query from the Enforcement Directorate after reports suggested that the fintech firm is among companies facing a probe over cryptocurrency scam. The information published is "factually incorrect and misleading", Paytm said dismissing media reports that claimed ED is investigating eight payment gateways, including Paytm, in connection with a scam involving 10 Chinese nationals. Shares of One97 Communications, which owns the Paytm brand, fell 8.4 per cent during the day to Rs 773.90 but recovered partially and closed at 5 per cent lower on BSE. "...we confirm that we have not received any such new notice, communication, or query from the Enforcement Directorate regarding the matter mentioned in the media articles," Paytm said in a clarification to BSE terming the information published as "factually incorrect and misleading". Drawing attention to its previous letter dated September 4, 2022, regarding the ...

Paytm recovers 6% from day's lows after Co denies ED freeze on accounts

The HPZ Token scam scam, allegedly operated by 10 Chinese nationals, involved the collection of over Rs 2,200 crore from investors across 20 states

HPZ Token scam: Fintechs deny reports of ED probe, freezing of accounts

The chargesheet has named 298 individuals in what could one India's largest cryptocurrency scams: The HPZ Token scam, operated by 10 Chinese nationals

A year after RBI curbs, Paytm founder Sharma expects to get back into biz

The Reserve Bank of India last year imposed new curbs on unlisted Paytm Payments Bank Ltd. after years-long warnings about data flows between it and Paytm