Monday, Aug 08, 2022
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RBI Ban On Paytm Bank To Onboard New Customers Expected To Be Resolved In 3-5 months: Paytm CFO

RBI Ban On Paytm Bank To Onboard New Customers Expected To Be Resolved In 3-5 months: Paytm CFO

The Reserve Bank of India (RBI) in March had barred Paytm Payments Bank from onboarding new customers, citing “material supervisory concerns” observed at the bank.

23 May 2022
Paytm Forms Joint Venture General Insurance Firm; To Invest Rs 950 Crore In 10 Years

Paytm Forms Joint Venture General Insurance Firm; To Invest Rs 950 Crore In 10 Years

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

21 May 2022

Paytm Loss Widens To Rs 761 Crore In March Quarter

The losses, however, narrowed on a sequential basis. Its consolidated loss stood at Rs 778.4 crore in the quarter ended December 2021.

Paytm To Breakeven On Operating Profit Level In Next 6 Quarters, Says Vijay Shekhar Sharma

Paytm To Breakeven On Operating Profit Level In Next 6 Quarters, Says Vijay Shekhar Sharma

Sharma said that the estimates are well ahead of estimates by most analysts.

06 April 2022

Macquarie Says NPCI’s UPI Lite To Pose Threat On Wallet Business: Report

Earlier this month, Macquarie reduced the target price of stocks of One97 Communications Limited, Paytm's parent company by 36 per cent from Rs 700 to Rs 450.

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15 March 2022
SoftBank’s Munish Varma To Step Down From Boards Of One97 Communications, PB Fintech: Report

SoftBank’s Munish Varma To Step Down From Boards Of One97 Communications, PB Fintech: Report

SoftBank had invested approximately $1.4 billion in One97 Communications four years ago, acquiring a 17.4 per cent stake in the company. It also has a 12.4 per...


14 March 2022
Sensex, Nifty Extend Gains; Infosys, ICICI Bank, HDFC Bank Top Gainers

Sensex, Nifty Extend Gains; Infosys, ICICI Bank, HDFC Bank Top Gainers

At 11:49 am, the Sensex was up as much as 421 points at 56,078 and Nifty 50 advanced 121 points or 0.73 per cent at 16,752. 


14 March 2022
Why Paytm Shares Plunged To Record Low On Monday

Why Paytm Shares Plunged To Record Low On Monday

Shares of One97 Communications, the parent of financial technology firm Paytm, plunged as much as 13.25 per cent to hit record low of Rs 672


07 February 2022
Paytm Shares Recover Lost Ground; Settle At Rs 957.40

Paytm Shares Recover Lost Ground; Settle At Rs 957.40

In early trade, it had tumbled over 7 per cent after the company reported a widening of consolidated loss to Rs 778.5 crore in the December 2021 quarter.


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