Page 22 - Paytm

Stocks to Watch today, Feb 6:Paytm, BLS E-Services, Adani Power, ZEE, Nykaa

Stocks to Watch on Tuesday, February 6, 2024: Paytm has denied reports about investigation or violation of foreign exchange rules

TMS Ep623: RBI on Paytm, Hero E2W, investment strategy, Lakhpati Didi

What does RBI's move on Paytm mean for you? Can Hero ace the EV two-wheeler segment? What should be your investment strategy post Budget? Who are 'Lakhpati Didis'? All answers here

Fintech major Paytm denies reports on violation of foreign exchange rules

On Monday, media reports quoting sources claimed that the Enforcement Directorate (ED) was investigating if platforms run by OCL were involved in violations of FEMA

Paytm working with other banks for continuity of UPI services on its app

UPI service on Paytm will continue to work as normal as the company is working with other banks to make changes in the back-end for continuity of its services, the fintech firm said on Monday. Paytm UPI service falls under the Paytm Payments Bank, which was recently restrained by the Reserve Bank of India from taking money from customers after February 29. "UPI on Paytm will continue to operate as normal. We are working in the back end to connect with other banks to ensure seamless continuity of service. Users are not required to do anything additional," a Paytm spokesperson said. According to the National Payments Corporation of India (NPCI), PPBL was the top UPI beneficiary among banks in December, with 283.5 crore transactions it received during the month. It had remitted 41 crore transactions in the period. Customers made 144.25 crore transactions on the Paytm Payment Bank App worth Rs 16,569.49 crore in December. Paytm's Bharat Bill Payment Operating Unit (BBPOU) business als

Explained: Paytm fiasco impact on mutual fund investors

Among the asset management companies (AMCs) that had exposure to the stock, none exceeded 2% of their equity AUM in any case.

Can Paytm be used for recharge, UPI services post Feb 29? Company clarifies

Paytm News: The RBI, last Wednesday, ordered Paytm's affiliate Paytm Payments Bank (PPB) to wind down most of its businesses by February 29

ED probing Paytm, its bank unit over currency transactions: Report

The sources did not indicate what specific provisions of the Foreign Exchange Management Act (FEMA), which covers individual

What steps has ED taken over money laundering allegations on Paytm: Cong

Hitting out at the government after the RBI's action against Paytm Payments Bank, the Congress on Monday asked what steps have been taken by the Enforcement Directorate given serious allegations of money laundering have been levelled against the company. Congress spokesperson Supriya Shrinate asked whether the ED was satisfied with cases against political leaders, alleging that 95 per cent of its cases were against politicians. She also asked if the data of users of Paytm payments bank was safe and was not being shared with the BJP. "Why was Paytm payment bank given such a long relaxation despite so many violations? What steps has ED taken so far on serious allegations like money laundering? How much did Paytm donate to the BJP and the PM Cares Fund," the Congress leader asked. "Is the ED satisfied by initiating 95 per cent of cases against political people? Is the data of Paytm consumers confidential or is it being shared with the BJP," she asked. On Sunday, Paytm said that the E

Sensex drops 354 pts in fag-end, Nifty below 21,800; RIL, Airtel weigh

Stock market highlights on February 5: Among sectors, the Nifty Pharma, and Auto indices rallied over 1 per cent each

Does your MF scheme hold Paytm? Top 5 MF schemes with the highest holding

Mirae Asset Large Cap Fund led highest investment in Paytm at Rs 430.4 crore, which was 1.13 per cent of its total AUM

Jio Financial Services, HDFC Bank frontrunners to buy Paytm's wallets biz

Paytm has been in talks with JFSL since November last year and it reached out to HDFC Bank just before the RBI barred its Payments Bank from accepting more deposits from February 29

RBI bars Paytm Payments Bank from carrying out transactions starting Feb 29

'Persistent non-compliance' by company, says order barring it from credit transactions or top-ups in customer accounts

Paytm's CEO says there would be no layoffs, working with RBI: Report

Paytm's CEO Vijay Shekhar Sharma assured the employees that they will figure everything out soon

Paytm plunges 42% in 3 days; erodes nearly Rs 20,500 crore in market value

Paytm's market capitalisation has eroded by Rs 20,497 crore in 3 days, while from its all time high level of Rs 1.24 trillion, the m-cap has been wiped off by nearly Rs 1 trillion

Stocks to Watch today, Feb 5: Paytm, SBI, TaMo, IndiGo, ZEE, Airtel, VBL

Stocks to Watch on Monday, February 5, 2024: Stock exchanges have revised the circuit limits for Paytm to 10 per cent from 20 per cent

Fintech major Paytm denies any ED investigation into money laundering

Meanwhile, the company has cautioned against speculation on reasons that prompted the Reserve Bank of India (RBI) to take action against Paytm Payments Bank

Diversion ahead: Will Paytm's Vijay Shekhar Sharma overcome roadblocks?

At Paytm Payments Bank's presentation in 2016, Vijay Shekhar Sharma had said he saw no challenges, unless roadblocks came later

No ED investigation against company or CEO for money laundering: Paytm

The Enforcement Directorate is neither investigating One97 Communications, owner of Paytm brand, nor its Founder and CEO Vijay Shekhar Sharma for money laundering, the company said on Sunday. The ED had visited premises of the company and some other fintech firms like Razorpay in September 2022 for money laundering investigations against some of the merchants that were using their platforms. "Neither the Company nor its founder and CEO are being investigated by the Enforcement Directorate regarding inter alia money laundering. In the past, certain merchants/users on our platforms have been subject to enquiries and on those occasions, we have always cooperated with the authorities," Paytm said in a regulatory filing. The company said it has cooperated with the agencies during any investigations by the authorities on any set of merchants or users in the past. "We would like to set the record straight and deny any involvement in anti-money laundering activities. We have and continue t

System in place to fix reconciliation row over tax payments: Revenue secy

Malhotra speaks of the Paytm probe, goods and services tax on online gaming companies, and revenue projections

Vijay Shekhar Sharma: From architect of fintech powerhouse to controversies

Vijay Shekhar Sharma, one of the most recognised faces of India's fintech industry, has seen a fair share of controversies. Sharma launched Paytm - an acronym for 'pay through mobile' - offering mobile recharges. He launched wallet services in 2011 but the big push came with the 2016 demonetisation. He took out front-page ads in top newspapers with Prime Minister Narendra Modi's photo, calling demonetisation the "boldest decision in the financial history of independent India". With fewer currency notes in circulation, Paytm was on a roll. Sharma made a splash in 2018 by getting USD 300 million investment in Paytm from Warren Buffett's Berkshire Hathaway. *Controversies* Paytm was mired in controversies with its Chinese connection following huge investments from Alibaba Group. The Chinese internet firm became the biggest shareholder in Paytm with a 34.7 per cent stake before the company's initial public offer. Alibaba group firm Antfin sold around 5 per cent shares to lower its st