Page 29 - Paytm

Shares of Paytm rally 6.2% following an upgrade by BofA Securities

Paytm has a cash balance of nearly Rs 8,270 crore, over 15 per cent of its market capitalisation

Paytm rallies 8% to hit over 9-month high on BofA Securities 'buy' call

The brokerage firm BofA Securities upgraded the stock to 'Buy' on the back of strong revenue momentum and operational leverage, which can surprise on consensus estimates.

Paytm becomes merchant payments leader with over 7,500,000 devices deployed

"With our subscription as a service model, strong adoption of devices drives subscription revenues and higher payment volumes, while increasing funnel for our merchant loan distribution," said Paytm

Paytm's loan disbursals more than doubled to Rs 9,618 crore in Apr and May

The total number of loans via Paytm was up 54% to 8.5 million during the period, as compared to 5.5 million last year

Analysts cautiously positive on new age stocks despite improved Q4 metrics

Analysts say that investors with a high-risk appetite can consider accumulating these stocks but only on declines

Paytm Payments gets RBI nod to re-appoint Vijay Shekhar as part-time chair

Paytm Payments Bank has received RBI nod to re-appoint Paytm CEO Vijay Shekhar Sharma as part-time chairman for a year, a regulatory filing said on Tuesday. "We have been informed that Paytm Payments Bank Ltd (PPBL) has received approval of RBI for re-appointment of Mr. Vijay Shekhar Sharma as Part-time Chairman of PPBL, for a third term starting from May 23, 2023, for a period of one year," One97 Communications said in a regulatory filing. One97 holds a 49 per cent stake in PPBL and Sharma holds the rest of the stake in the entity.

Paytm Money launches bond Investing on platform for retail investors

Bonds on Paytm money app present investors with all information on one platform, and converts everything to yield so investors can analyse and understand the returns they can earn, the company said.

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Paytm partners with SBI Card, NPCI to launch co-branded RuPay credit cards

Payments and financial services company Paytm on Thursday announced that it has partnered with SBI Card to launch Paytm SBI Card on the RuPay network. The Paytm and SBI Card partnership, which began in 2020, is now expanding with the addition of National Payments Corporation of India's RuPay, as all three home-grown brands join forces to further drive the growth of inclusive, digital-first financial services in the country. Paytm founder and CEO Vijay Shekhar Sharma told reporters that India is at the cusp of the next payments revolution where credit will become the mainstream payment choice. "Together with SBI Card, Paytm RuPay credit card will be a great choice for consumers. Our users are already savvy on QR code-based payments and with RuPay credit cards working on UPI QR codes, transactions through mobile phones will get a further boost, marking a new era in digital payments," he added. Cardholders of either variant will be entitled to 2 per cent cashback on all Paytm ecosyste

Paytm partners with SBI Card and NPCI to launch Paytm SBI Card on RuPay

Earlier this year, the Reserve Bank of India allowed users to link RuPay credit cards to the United Payments Interface

Paytm appoints Bhavesh Gupta as COO, President amid profitability push

The fintech giant, in its Q4 results for FY23, managed to narrow its losses to Rs 168 crore. This compares to losses of Rs 392 crore a quarter ago and Rs 761 crore in the year-ago period

Paytm appoints Bhavesh Gupta as president and chief operating officer

Bhavesh Gupta will continue reporting to Vijay Shekhar Sharma, managing director and chief executive officer of the company

SoftBank offloads 2% stake worth $120 million in Paytm to meet SEBI rules

This was done in a series of open market transactions since Feb 2023 to comply with Sebi's takeover regulations

Paytm to forego 3% commission it charges as buyer app on ONDC: Report

The commission will be removed on orders fulfilled by the sellers where there are no complaints by the customers

Paytm beats peers as highest revenue earner in mobile payments services

Indian fintech giant Paytm on Wednesday reported its financial performance for FY23, where its revenues swelled to Rs 7,991 crore for the fiscal year

TMS Ep429: Paytm cash flow, ceiling fans, auto stocks, Kaladan Project

How can Paytm turn cash positive? Are ceiling fans spinning in a new direction? Will auto stocks continue their ride in the fast lane? What is Kaladan Multimodal Project? All answers here

TMS Ep429: Paytm cash flow, ceiling fans, auto stocks, Kaladan Project

How can Paytm turn cash positive? Are ceiling fans spinning in a new direction? Will auto stocks continue their ride in the fast lane? What is Kaladan Multimodal Project? All answers here

Strong fourth quarter perks up Paytm stock; stock jumps nearly 5%

Stock jumps nearly 5%; analysts see up to 70% upside

Sensex leaps 710 pts after a day's hiatus; TaMo, IndusInd rise 5%, PSBs dip

CLOSING BELL: Among sectors, the Nifty Private Bank, Realty, and Auto indices gained around 1.7 per cent each

Paytm rallies 5% as Q4 loss narrows; Goldman Sachs sets Rs 1,150 target

The company reported a net loss of Rs 168 crore for Q4FY23 as against a net loss of Rs 763 crore in the year ago quarter.