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Chinese loan apps case: ED raids Razorpay, Paytm, Cashfree in Bengaluru

The Enforcement Directorate Saturday said it is conducting raids at Bengaluru premises of online payment gateways like Razorpay, Paytm and Cashfree as part of an ongoing probe against "illegal" instant smartphone-based loans "controlled" by Chinese persons. The searches were launched Friday at six premises in Karnataka's capital city, it said in a statement. The search operation is in progress, the Enforcement Directorate said. The federal probe agency said it has seized Rs 17 crore worth funds kept in "merchant IDs and bank accounts of these Chinese persons-controlled entities", during the raids. The modus operandi of these entities is that they use forged documents of Indians and make them dummy directors leading to generation of "proceeds of crime", it alleged. "These entities are controlled/operated by Chinese persons," it said. "It has come to notice that the said entities were doing their suspected/illegal business through various merchant IDs/accounts held with payment ...

Top headlines: Indian economic growth by 2029, ED raids Paytm, and more

From India becoming third largest economy by 2029 to CBDT issuing refunds of over Rs 1.14 trn, here are the top headlines this evening

Stop charging platform fee on BBPS payments: NPCI directs payment apps

NPCI's directive comes days after a discussion paper was released by the Reserve Bank of India (RBI) related to such charges

Stocks to watch: L&T, Adani Power, Ambuja Cements, LIC, Paytm, JSW Steel

Stocks to watch today: L&T commissioned a new green hydrogen plant at Hazira in Gujarat; Future Enterprises defaults on payments of interest of two non-convertible debentures (NCDs) of Rs 12.6 crore.

Vijay Shekhar Sharma to continue as Paytm's MD & CEO for another 5 yrs

Around 99.67% shareholders voted in favour of his reappointment

Paytm shareholders reaffirm faith in Vijay Shekhar Sharma's leadership

Paytm held its 22nd annual general meeting (AGM), the first such meeting after it became a listed company in 2021

Paytm CEO Vijay Shekhar Sharma to face crucial test of investor confidence

The billionaire founder of Paytm faces a crucial test of investor confidence Friday, when shareholders will decide whether they want him at the helm.

Paytm and Samsung collaborate to deploy smart PoS devices across India

Digital financial services firm Paytm on Tuesday said it partnered with Samsung stores to facilitate smart payments as well as its loan service through deployment of point of sale devices

Q1 results review: Zomato, Paytm & Nykaa to focus on profitable growth

Food delivery aggregator Zomato, for instance, has brought down its losses by huge margin

Two more proxy firms for Vijay Shekhar Sharma's ouster as Paytm CEO

Meanwhile, SES has an issue with Sharma holding the position of chairman as well as MD and his "excessive" remuneration

RBI's digital-lending rules: Paytm's BNPL biz may need operational tweaks

Analysts have said that they will be watchful of the operational impact of the new norms, especially on customer convenience of the payment firm

Paytm loan distribution touches annual run rate of around Rs 25,000 cr

The number of loans disbursed through Paytm platform jumped close to four-times to 29.46 lakh in July 2022, while the value of loans disbursed soared to Rs 2,090 crore on year-on-year basis.

India at 75: 'Hamara Bajaj' to Luna - 15 brands that you will never forget

The products may have lived on or given way to others, but the brands never get old. From Bajaj Scooters to Luna, Maruti 800 and Rajdoot, here's a look at 15 brands that remain a part of our lives

Is it time to add Paytm, Nykaa, Zomato to your portfolio?

New-age tech companies have reported good June quarter results. But analysts believe it will be a long road to recovery for their respective businesses. Is this the right time to own these stocks?

Nykaa, Paytm, Zomato: Are these stocks worth your money post Q1 results?

The common thread, however, that runs across most brokerages is Zomato, where they suggest buying the stock with the one-year target price ranging between Rs 60 - 115

Top brokerages welcome Paytm's Q1 results, reiterate 'buy' rating

In their brokerage notes, they highlighted Paytm's strong growth in revenue and contribution margins during the quarter in addition to sharp improvement in net payment margins

Sensex soars 465 pts, Nifty tops 17,500; all except PSBs rally; SBI dips 2%

CLOSING BELL: Coal India, M&M, Bajaj Finserv, HDFC Bank, Hindalco, Axis Bank, NTPC, L&T, HDFC, Dr Reddy's Labs, RIL, IndusInd Bank, and Apollo Hospitals were the top gainers on the 50-pack index today

Paytm at near six-month high by over 6% as quarterly revenue surges

Higher number of monthly users, additional payment devices and more disbursal of loans lifted the company's revenue to 16.8 billion rupees ($211.16 million), from 8.91 billion rupees last yea

SBI, Paytm, Nykaa, BPCL, Titan: Trading strategies post Q1 results

Paytm and Nykaa have logged smart gains gains in trade so far on Monday post Q1 results, while SBI and BPCL declined notably. Going ahead these are the key levels to be watched on these stocks.

Stocks to Watch: Bharti Airtel, Nykaa, Paytm, BPCL, SBI, Titan, Adani Ports

Stocks to watch today: Bharti Airtel and Adani Ports will report their June quarter results (Q1FY23); Titan saw 13-fold jump in net profit to Rs 790 crore in Q1FY23.