Page 40 - Paytm

'Sponsor Byju's allegedly owes Rs 86 cr to BCCI, Paytm may exit as sponsor'

Indian cricket team's jersey sponsor Byju's allegedly owes Rs 86.21 crore as dues to the BCCI while title sponsor Paytm has requested the board to transfer its rights to a third party. It was only in April that the Edtech company and the BCCI had agreed on the extension of their partnership until the end of the 2023 ODI World Cup in India at a 10 percent increment. The issue was discussed by the BCCI Apex Council on Thursday. "As of today, Byju's owes dues of Rs 86.21 crore to the Board," a BCCI source told PTI after the meeting. However, a Byju's spokesperson told PTI: "We have extended the contract with the BCCI but it is not yet signed. After the contract signing is done, the payments will happen as per the contractual payment terms. So there are no dues pending from our side." Byju's first came on board back in 2019 when mobile manufacturer Oppo transferred the sponsorship rights to the online tutorial firm. The start-up last month said that 500 people have been laid after re

Founders of Paytm, Oyo to meet parliamentary panel over competition issues

Top executives of 8 domestic tech firms, including founders of Paytm and Oyo, to meet parliamentary panel to discuss the market behaviour of technology platforms amid rising anti-competition concerns

Parl panel summons Paytm's Vijay Shekhar Sharma, Oyo's Ritesh Agarwal

BJP leader and former Union minister Jayant Sinha-chaired Parliamentary Standing Committee on Finance has been looking into various aspects of competition in the marketplace

FPIs, mutual funds marginally increase stake in Paytm in Apr-June qtr

Foreign portfolio investors and mutual funds have marginally increased stake in Paytm's parent company One97 Communications

ONDC adds 15 more cities, onboards Snapdeal for pan-Indian access

The network first began its pilot on April 29 in Delhi, Bengaluru, Coimbatore, Bhopal and Shillong

One year of startup listings: Exuberance tapers as firms lose grip on gains

After Zomato's promising start, global tech meltdown halts listing gravy train

Paytm hits over three-month high; stock surges 36% in two months

Despite its sharp run-up in the past two months, Paytm has underperformed the market by falling 34 per cent in the last six months as against a 12 per cent decline on the Sensex

Stocks to watch: HCL Tech, BoB, Coal India, L&T, Paytm, SpiceJet, Wipro

Stocks to watch today: HCL Technologies will report June quarter results 2022 (Q1FY23) on Tuesday, July 12; Coal India ramped up capex plans to Rs 3,034 crore, up 64.8 per cent in June quarter 2022.

Loan disbursements for Paytm up nine-fold to over Rs 5,550 crore

The number of loans disbursed through our platform grew 492% y-o-y to 8.5 million loans in the quarter ending June 2022, while the value of loans disbursed grew 779% y-o-y to Rs 5,554 crore ($703 mn)

Paytm's Apr-Jun loans disbursal jumps nine-fold to Rs 5,554 crore

The company had disbursed 14.33 lakh loans worth Rs 632 crore in the year-ago period

Is the time ripe for consolidation among new-age technology companies?

A rise in cost of capital has already weighed on the related stocks all across the globe over the past few months

Vijay Shekhar Sharma buys 170,000 shares of Paytm worth Rs 11 cr

On May 30, Sharma bought 1,00,552 shares worth Rs 6.31 crore and on May 31, he bought 71,469 shares worth Rs 4.68 crore

Paytm, Zomato, Indiabulls Housing look oversold; can jump up to 25%

Among the beaten down mid- and small-cap stocks, Paytm and Zomato can provide some relief to investors, while stocks like Metropolis Healthcare and Latent View Analytics could see further pain

Japanese tech investor SoftBank's investment in India may fall to a third

Among the deals that SoftBank has completed this year in India are Polygon

Analysts expect Paytm shares to more-than-double from here on. Here's why

While investors have preferred to stay on the sidelines on Paytm stock, Goldman Sachs believes the risk-reward for Paytm are skewed to the upside

Sensex falls 642pts from day's high, ends 38pts down; Tata Steel bleeds 12%

CLOSING BELL: The sharp knock in metal stocks came after he government levied export duty on 11 iron and steel intermediates and key steel products.

Paytm payments bank expects RBI curbs to be lifted in 3-5 months: Executive

The bank is working with the RBI to complete the IT audit and address the regulator's concerns, says Madhur Deora.

Paytm forms general insurance JV; to invest Rs 950 cr in 10 years

The proposal to set up joint venture firm Paytm General Insurance Limited (PGIL) was approved by the board on May 20, the company said in a regulatory filing.

Vijay Shekhar Sharma re-appointed as MD & CEO of Paytm till Dec 2027

CFO Madhur Deora has been re-appointed till May 19, 2027; Paytm forms joint venture general insurance firm, to invest Rs 950 crore in 10 years

Paytm parent's quarterly loss widens to Rs 763 crore amid higher expenses

One97 Communication, the parent company of Paytm reported a loss of Rs. 780 in March quarter