Page 24 - Paytm

Paytm's billionaire founder-CEO bets on young wealth to hit profit sooner

Billionaire founder-CEO Vijay Shekhar Sharma is overhauling its suite of money management products to better tap growing wealth among younger users, who're warmer to the idea of investing online

Paytm hits over 8-month low; stock tanks 38% from its 52-wk high of October

The stock of the fintech firm has remained under pressure since it announced it will scale down small-ticket size loans, especially, those below Rs 50,000

Sharp downgrades likely to keep Paytm stock under pressure in market

The buy now, pay later (BNPL) business may moderate sharply with disbursements down by 15-18 per cent

Sensex, Nifty snap 7-day winning run, end marginally down; Paytm cracks 19%

Closing Bell on December 7, 2023: Broader indices, however, outperformed on Thursday - the BSE MidCap index advanced 0.7 per cent, while the SmallCap added 0.3 per cent.

Paytm slumps 20% on likely earnings impact from scaling down postpaid loans

The sub-Rs 50,000 loans majorly constitute the postpaid loan product (buy now, pay later or BNPL), which could be halved going ahead, Paytm said

Stocks to Watch: Adani Wilmar, Delta Corp, Paytm, Bharti Airtel, IRCON, BEL

Stocks to Watch on December 7, 2023: As per reports, Warburg Pincus is offloading shares in Bharti Airtel and IDFC First Bank

Paytm to trim small-ticket postpaid loans after RBI tightens norms

It disbursed personal loans amounting to Rs 3,927 crore and merchant loans worth Rs 3,275 crore in Q2FY24

Paytm expands loan distribution business, targets personal, merchant loans

Paytm said that it would continue to collaborate and add banks and NBFCs as lending partners for its loan distribution business

Paytm to bring 10 mn sellers to ONDC by 2025 end, says Vijay Shekhar Sharma

"Consumer value (on ONDC) will be dramatically different and superior to current e-commerce platforms," he said

Berkshire Hathaway exits Paytm; sells 2.46% stake for Rs 1,371 cr

Billionaire Warren Buffet-backed Berkshire Hathaway Inc on Friday divested its entire 2.46 per cent stake in Paytm's parent company One97 Communications for Rs 1,371 crore through an open market transaction. Berkshire Hathaway Inc through its affiliate BH International Holdings sold more than 1.56 crore shares of fintech company Paytm on the National Stock Exchange (NSE). According to the bulk deal data available with the NSE, BH International Holdings offloaded 1,56,23,529 shares, amounting to a 2.46 per cent stake in Noida-headquartered Paytm. The shares were disposed of at an average price of Rs 877.29 apiece, taking the transaction value to Rs 1,370.63 crore. Meanwhile, Copthall Mauritius Investment picked up 75,75,529 shares and Ghisallo Master Fund LP acquired 42.75 lakh shares, amounting to a 1.19 per cent and 0.67 per cent stake in Paytm, respectively. The shares were purchased at an average price of Rs 877.20 per piece, taking the aggregate deal value to Rs 1,039.52 ...

Stocks to Watch today, Nov 16: TCS, Bajaj Fin, RateGain, ONGC, Dabur, Paytm

Stocks to Watch on Thursday, November 16, 2023: The RBI has asked Bajaj Finance to stop sanctioning and disbursal of loans under 'eCOM' and 'Insta EMI Card' segments with immediate effect

Paytm partners with travel tech firm Amadeus for search, flight deals

Fintech firm's users will get access to information on low-cost carriers, hotels

Paytm collaborates with Amadeus to drive travel experience with AI

One97 Communications, which owns Paytm brand, on Wednesday announced a partnership with Amadeus, under which it will integrate Amadeus' travel platform and optimise travel experience from search to booking, and payment. This partnership brings together Paytm's vast user base and Amadeus's expertise to provide travellers with a more seamless and efficient booking experience, according to a release. Paytm has partnered with global travel technology company Amadeus to redefine travel experience with Artificial Intelligence, the release said. "Under this collaboration, for the next three years, the company will integrate Amadeus's expansive travel platform, enhancing the travellers' experience from search to booking, and finally to payment," it said. Paytm is among the leading online travel aggregators in the country and the partnership with Amadeus is aimed at cementing its position as the premier travel provider in India. Leveraging Amadeus' advanced automation and New Distribution

Easing inflaton lifts Sensex 742 pts, Nifty atop 19,650; Realty, IT lead

Closing Bell on November 15, 2023: Tech M, Wipro, Tata Steel, Infosys, Tata Motors, JSW Steel, TCS, Reliance Industries, Axis Bank, ITC, HCL Tech, and HDFC Bank were top Sensex gainers

India's weightage climbs to highest level on MSCI Global Standard index

This marks "a significant increase over the past three years, almost doubling its weight," Nuvama Alternative & Quantitative Research said in a note

MSCI Index inclusion likely to spur big churn for domestic stocks

IndusInd, Suzlon, Paytm among nine companies seen getting added to the index

Zomato, Paytm: Analysts bet on new-age stocks amid improving profitability

That apart, analysts believe stable profit margins, too, are acting as tailwinds for the companies

Veteran entrepreneurs look to ramp up their bets in Indian startups

This is heartening to note as overall venture capital (VC) funding has been southward bound in the country

Support to regulations difference between us and tech firms: Sameer Nigam

Nigam said that being an early mover in the adoption of the United Payments Interface also played in their favour

UP allocates Rs 1k cr to Startup Fund to support innovative biz ventures

Soonicorns, minicorns on radar