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Paytm CEO Sharma to buy 10.3% stake in co from Antfin Holding -Paytm's founder and CEO, Vijay Shekhar Sharma, will buy a 10.3% stake valued at $628 million in the company from its largest shareholder, in a bid to simplify its ownership structure, the fintech company said in a filing on Monday. Sharma's stake purchase from Antfin (Netherlands) Holding B.V. is valued at $628 million, as per Paytm's last closing price of 796.6 rupees a share. Antfin will cease to be the largest shareholder in the company following the transfer. Sharma&...
Paytm CEO Sharma to buy 10.3% stake in co from Antfin Holding
Paytm CEO Sharma to buy 10.3% stake in co from Antfin Holding
Source: Reuters
7/08/2023 9:18:40 AM
Paytm partners with Shriram Finance Limited, strengthens its loan distribution business to drive credit inclusion Chennai: One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services company and the pioneer of QR and mobile payments, today announced a partnership with the largest retail NBFC in India, Shriram Finance Limited to offer financial services to its users including loan products. Through this partnership, Shriram Finance’s products will be made available on Paytm’s platform digitally to further expand access to credit and ...
Paytm partners with Shriram Finance Limited, strengthens its loan distribution business to drive credit inclusion
Paytm partners with Shriram Finance Limited, strengthens its loan distribution business to drive credit inclusion
Source: PR Agency
30/06/2023 5:07:30 PM
India`s Paytm focused on reaching financial milestone `in near future` - CEO Indian digital payments firm Paytm aims to become "free cashflow positive in the near future," chief executive Vijay Shekhar Sharma said in a letter to shareholders on Sunday. "This has been possible by disciplined resource allocation and focusing on what has become our core revenue and growth driver - payments and financial services distribution business," he said. Positive free cash flow is when a company has sufficient funds to invest back into the business for gr...
India`s Paytm focused on reaching financial milestone `in near future` - CEO
India`s Paytm focused on reaching financial milestone `in near future` - CEO
Source: Reuters
8/05/2023 9:06:15 AM
Paytm launches upgraded payments platform powered by 100% indigenous tech One97 Communications Limited (OCL), that owns leading payments and financial services company Paytm, on Friday announced the launch of its new technology platform that is built with 100 per cent indigenous developed technology. With this, the company said it has taken another step towards 'Atmanirbhar Bharat' to promote digital payments in the country. "By making sure that every component of our technology is made in-house, we have proved that India can build world-class te...
Paytm launches upgraded payments platform powered by 100% indigenous tech
Paytm launches upgraded payments platform powered by 100% indigenous tech
Source: IANS
25/03/2023 9:03:55 AM
Paytm Foundation and UNEP hold Air Quality Action Forum Annual Conference to coordinate efforts to combat air pollution in India Paytm Foundation, a trust set up exclusively for philanthropic purposes, today announced that the Air Quality Action Forum’s (AQAF) first annual conference was held by the United Nations Environment Programme (UNEP) and the UNEP convened Climate and Clean Air Coalition (CCAC) in New Delhi. The event was attended by Mr. Amitabh Kant, India’s G20 Sherpa, Mr. Vijay Shekhar Sharma, MD and CEO, Paytm, and UNEP’s Goodwill Ambassador Ms. Dia Mirza. The Conference shared key find...
Paytm Foundation and UNEP hold Air Quality Action Forum Annual Conference to coordinate efforts to combat air pollution in India
Paytm Foundation and UNEP hold Air Quality Action Forum Annual Conference to coordinate efforts to combat air pollution in India
Source: PR Agency
14/03/2023 4:43:01 PM
Paytm signs MoU with Andhra Government to empower millions of merchants, street vendors One97 Communications Limited, that owns leading payments and financial services company Paytm, on Monday announced it has signed a memorandum of understanding (MoU) with the Andhra Pradesh government to drive initiatives in financial inclusion, public health and cyber security and empower millions of merchants, street vendors and hawkers in the state. The MoU was signed on the sidelines of the Andhra Pradesh 'Global Investors Summit 2023', in the presence of Saurabh Gaur, Secretary...
Paytm signs MoU with Andhra Government to empower millions of merchants, street vendors
Paytm signs MoU with Andhra Government to empower millions of merchants, street vendors
Source: IANS
6/03/2023 4:34:43 PM
Paytm launches G20-theme QR Code, celebrates India's presidency One97 Communications Limited that owns leading payments and financial services company Paytm, on Friday launched a special G20-theme, QR Code to celebrate India's presidency of the inter-governmental forum and the country's leadership in mobile payments. The QR code was launched by Ashwini Vaishnaw, Union Minister for Railways and IT, during the 'Digital Payments Utsav' at the India Habitat Centre here. Paytm has played an important role in the mobile payments revolution...
Paytm launches G20-theme QR Code, celebrates India's presidency
Paytm launches G20-theme QR Code, celebrates India's presidency
Source: IANS
10/02/2023 1:58:12 PM
Zomato`s Deepinder congratulates Paytm founder, says `working on my own profitability` Zomato founder & CEO Deepinder Goyal on Tuesday congratulated Paytm and its founder Vijay Shekhar Sharma, after shares of One 97 Communications, the parent company of Paytm, rose in the December quarter, and also hinted at working on its own profitability. "Congratulations, @vijayshekhar and @Paytm on becoming profitable. Sorry, a bit late to the party -- was so busy working on our own profitability," he tweeted. Earlier this week, Paytm received positive commentary from t...
Zomato`s Deepinder congratulates Paytm founder, says `working on my own profitability`
Zomato`s Deepinder congratulates Paytm founder, says `working on my own profitability`
Source: IANS
7/02/2023 6:21:11 PM
Paytm Founder announces operating profitability, says free cash flow generation is next  Paytm, leading payments and financial services company, on Friday said it has achieved operating profitability with EBITDA before ESOP cost at Rs 31 crore, much ahead of its September 2023 guidance. Paytm's revenue from operations increased to Rs 2,062 crore (no UPI incentive recorded this quarter), a growth of 42 per cent YoY and 8 per cent QoQ. The growth was driven by increased adoption by consumers and subscription services by merchant partners along with sustained growth ...
Paytm Founder announces operating profitability, says free cash flow generation is next
Paytm Founder announces operating profitability, says free cash flow generation is next
Source: IANS
4/02/2023 10:14:34 AM
Startup20 Engagement Group holds inception meeting in Hyderabad The Startup20 Engagement Group, initiated under India's G20 Presidency in 2023, held its inception meeting in Hyderabad. The second day of the two-day inception meeting on Sunday was addressed by Paytm founder Vijay Shekhar Sharma, YourStory founder and CEO Shradha Sharma, and actor and active investor in the Indian startup ecosystem Suniel Shetty. The three addresses focused on personal stories and their journey through the startup ecosystem in India. The Startup20 Engagement Group...
Startup20 Engagement Group holds inception meeting in Hyderabad
Startup20 Engagement Group holds inception meeting in Hyderabad
Source: IANS
29/01/2023 6:02:24 PM
India's Paytm bank gets central bank nod to name new CEO NEW DELHI - Paytm Payments Bank, majority owned by billionaire Vijay Shekhar Sharma, has received India's central bank's approval to name Surinder Chawla as its new chief executive, a statement said. Last year, India's central bank barred Paytm Payments Bank from taking on new customers and ordered a comprehensive audit of its IT systems, citing "material" supervisory concerns observed in the bank. Paytm Payments Bank facilitates transactions on mobile commerc...
India's Paytm bank gets central bank nod to name new CEO
India's Paytm bank gets central bank nod to name new CEO
Source: Reuters
9/01/2023 9:00:28 AM
India`s Paytm CEO says there will be no more cash burn SoftBank-backed Paytm said on Wednesday that going ahead there will be no more cash burn in the business and that the Indian digital payments firm was far ahead on re-setting its ambition on controlling spends. "It has got decided last month that it (cash burn) would no more be continuing. As far as Paytm is concerned, we have publicly declared that we are far ahead of our ambitions — far meaning the border of magnitude ahead — in terms of re-setting our cash burns" f...
India`s Paytm CEO says there will be no more cash burn
India`s Paytm CEO says there will be no more cash burn
Source: Reuters
22/12/2022 9:12:00 AM
Paytm board unanimously approves buyback of its equity shares from open market One 97 Communications Ltd (OCL), that owns the brand Paytm, India's leading payments and financial services company and the pioneer of QR and mobile payments, on Tuesday announced that its Board has approved a proposal for buyback of equity shares. All directors present, including all independent directors, voted unanimously in favour of the proposal. The company will undertake a buyback of up to Rs 850 crore (excluding buyback taxes and other transaction costs) at a maximum price o...
Paytm board unanimously approves buyback of its equity shares from open market
Paytm board unanimously approves buyback of its equity shares from open market
Source: IANS
14/12/2022 10:15:08 AM
India to press Apple, Samsung for faster 5G software upgrades in phones India's government will push Apple, Samsung and other mobile phone manufacturers to prioritise rolling out software upgrades to support 5G in the country, amid concerns that many of their models are not ready for the recently launched high-speed service. Prime Minister Narendra Modi launched 5G services on Oct. 1 amid much fanfare, with leading telecom operator Reliance Jio saying it would make the service available in four cities and rival Bharti Airtel in eight. Both companies said t...
India to press Apple, Samsung for faster 5G software upgrades in phones
India to press Apple, Samsung for faster 5G software upgrades in phones
Source: Reuters
11/10/2022 4:03:17 PM
Paytm on my watchlist, next multibagger to come from digital businesses: Elixir Equities' Dipan Mehta Indian digital businesses are witnessing rapid growth, aided by stronger adoption of online services in diverse segments, especially in the fintech landscape. In view of this development, Dipan Mehta, Director, Elixir Equities, recently said in an interview to a publication that he believes that the next set of multibagger stocks will come from digital businesses. Elaborating on the subject, Mehra said the next set of multibaggers will come from concept stocks rather than mature businesses...
Paytm on my watchlist, next multibagger to come from digital businesses: Elixir Equities' Dipan Mehta
Paytm on my watchlist, next multibagger to come from digital businesses: Elixir Equities' Dipan Mehta
Source: IANS
10/09/2022 2:35:42 PM
Paytm shares jump after Vijay Shekhar Sharma reappointed as MD, CEO Shares of One97 Communications, which operates the financial services platform Paytm, rose more than 1.5 per cent in early morning trade after the company reappointed Vijay Shekhar Sharma as MD and CEO. At 11.00 a.m., shares of One97 Communications were trading at Rs 785.55 a share, up 1.74 per cent. In a shareholders meeting on August 21, Vijay Shekhar Sharma was reappointed as MD & CEO of Paytm. A total of 99.67 per cent majority votes were recorded in favour of the resolution, Pa...
Paytm shares jump after Vijay Shekhar Sharma reappointed as MD, CEO
Paytm shares jump after Vijay Shekhar Sharma reappointed as MD, CEO
Source: IANS
22/08/2022 12:02:38 PM
Paytm AGM 2022: Vijay Shekhar Sharma gets resounding vote of confidence from shareholders One97 Communications Limited (OCL) that owns the brand Paytm, India's leading digital payments and financial services company and the pioneer of QR and mobile payments, recently held its 22nd Annual General Meeting, the first as a public listed company. Each of the seven resolutions have been duly passed with over 94 per cent of votes cast in their favour. The company's shareholders have voted with 99.67 per cent majority in favour of Vijay Shekhar Sharma's re-appointment as th...
Paytm AGM 2022: Vijay Shekhar Sharma gets resounding vote of confidence from shareholders
Paytm AGM 2022: Vijay Shekhar Sharma gets resounding vote of confidence from shareholders
Source: IANS
22/08/2022 9:25:09 AM
Goa tourism predominantly dependent on UK, Russia: Tourism Minister Rohan Khaunte Goa Tourism Minister Rohan Khaunte said that the coastal state's tourism is predominantly dependent on the UK and Russia, and some parts of Europe. "Government is taking all steps to get a good footfall with good spending," he said on Wednesday. Khaunte, during the ongoing session of the state Assembly, said that in 2019, about 71.27 lakh domestic tourists arrived in Goa, while 9.31 lakh foreign tourists visited the state. But this number dropped in 2020 and 2021 due to the C...
Goa tourism predominantly dependent on UK, Russia: Tourism Minister Rohan Khaunte
Goa tourism predominantly dependent on UK, Russia: Tourism Minister Rohan Khaunte
Source: IANS
21/07/2022 9:42:17 AM