Regulator had slapped show-cause notice for potential violation of allotment norms
Shares of One 97 Communications plunged 8.88 per cent at Rs 505.25 per share on the BSE after reports emerged that the company's Founder, Vijay Shekhar Sharma has been served show cause notice by Sebi
Zomato, Paytm share price today: Zomato share price rose 2.7 per cent to Rs 267 in the intraday trade after its Board approved to acquire Paytm's entertainment, ticketing business
Shares of Zomato and One97 Communications jumped on August 22, following the announcement by Paytm that it is selling its entertainment ticketing business to Zomato. Watch the video to know more.
This comes as the company refocuses on its core payments and financial services business
Currently, the annual salaries of non-executive independent directors of Paytm's board members runs into crores
With a strong focus on long-term value creation, Paytm's management said it remains confident of substituting the revenues from its entertainment ticketing business by expanding its core business.
Paytm's independent board members will earn a maximum annual compensation of up to Rs 48 lakh ($57,228), the company said in a release
This comes after One97 Communications, the company operating Paytm brand, handed pink slips to employees in the March quarter of FY24
One 97 Communications said in an exchange filing that it will now focus on strengthening the core payments and financial services distribution
New-age stocks have zoomed up to 80% from Election Result day lows. Charts suggest PolicyBazaar, Paytm, Nykaa and Delhivery can rally another 12%; while Zomato and CarTrade may dip going ahead.
The Japanese conglomerate recorded a $394 million gross gain from its $199 million investment in Policybazaar, and gain of $285 million on its $397 million investment in Zomato
Decision on mandatory ASBA for secondary market soon
Company announced launch of first NFC card soundbox
Fintech firm One97 Communications, which owns Paytm brand, sees no impact of lower incentives earmarked by the government in the budget for promoting small ticket digital transactions, a top official of the company said. Speaking on the sidelines of launching "Card NFC Soundbox" machine, Paytm CEO Vijay Shekhar Sharma denied any impact of lower allocation of incentives to promote small ticket digital transactions on his guidance over profitability this fiscal year. "We remain committed to doing the same (achieve a profitable quarter in this fiscal) because we already said without UPI incentive," Sharma said. The government has lowered incentive allocation for Rupay and UPI transactions by about 42 per cent in the budget. Sharma during the company's earning call had given guidance to achieve a profitable quarter during the current fiscal. "My team and we are also committed to making sure that we go back to profitable quarters very, very soon. We are hoping and working on making sur
Paytm NFC card soundbox will allow small shops to accept a range of payments, including credit and debit cards as well as UPI
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The stock price surged on the back of reports claiming that the company had received the government nod to invest Rs 50 crore in its associate entity Paytm Payments Services Limited (PPSL)
The proposal is still under consideration by the inter-ministerial panel and expected to take a call soon, Financial Services Secretary Vivek Joshi told PTI
Fintech will provide point-of-sale and card machines to the private sector lender