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As the company’s shares touched a 52-week high, the market valuation of Paytm rose by ₹1,986.32 crore to ₹64,109.58 crore. File | Photo Credit: Reuters Shares of One97 Communications, which owns the Paytm brand, on Monday (December 9, 2024) jumped more than 3% on the bourses after the company approved the sale of stake in Softbank…
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Paytm’s shares closed at ₹467.25 apiece on July 12, 2024. File | Photo Credit: REUTERS Japan’s Softbank investment arm Softbank Vision Fund exited from Paytm in the June quarter at a loss of around $150 million, sources aware of the development said. Softbank invested about $1.5 billion in One97 Communications, the owner of Paytm brand,…
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Image for representational purposes only. | Photo Credit: REUTERS Fintech firm One97 Communications, which owns the Paytm brand, on May 22 said its loss in the fourth quarter of the financial year 2023-24 has widened to ₹550 crore. The company had posted a loss of ₹167.5 crore in the same period a year ago, the…
Paytm, on February 9, announced setting up of a group advisory committee to advise the company on strengthening compliance and on regulatory matters. | Photo Credit: The Hindu Shares of Paytm owner One97 Communications jumped 5% in the morning trade on February 26 after Reserve Bank of India (RBI) asked retail payment settlement body NPCI…
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A file photo of M. Damodaran, former Chairman, Securities and Exchange Board of India (SEBI). | Photo Credit: SOMASHEKARA GRN An advisory committee, set up by Paytm owner One97 Communications after the Reserve Bank of India’s action on its payments bank business, is at a stage of engagement with the company on matters related to the…
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Paytm said its associate Paytm Payments Bank Limited does not undertake outward foreign remittances. | Photo Credit: Reuters “The Enforcement Directorate (ED) has questioned senior Paytm executives and taken submission of documents from them following the recent Reserve Bank of India (RBI) action of barring Paytm Payments Bank Limited from accepting deposits or top-ups in…