The BSE Sensex climbed 267.43 points or 0.41 per cent to settle at 65,216.09. The NSE Nifty gained 83.45 points or 0.43 per cent to end at 19,393.60. Seeking guidance on today's potential stock to watch today read the story
Fintech firm One97 Communications reported revenue from operations of the company increased by 39.4 per cent to Rs 2,341.6 crore during the first quarter from Rs 1,679.6 crore in the June 2022 quarter
The consolidated revenue from operations of the company grew 51.5 per cent to Rs 2,334.5 crore in the quarter under review from Rs 1,540.9 crore in the March quarter of FY22
The deal turns One97 Communications, which operates under Paytm brand name, into a majorly Indian-owned company from being majorly owned by Chinese entities.
The company had posted a loss of Rs 762.5 crore in the same period of the last year.
The company said the new platform can handle 10 times more payments traffic compared to its older platform
Paytm founder and CEO Vijay Shekhar Sharma, in an earnings call, said that growth for the company in the June 2023 quarter came on account of expansion in payments, financial services and commerce business
According to a regulatory filing, One97 Communications Ltd, which operates Paytm, disbursed 3.7 million loans worth Rs 3,665 crore in December, up 330 per cent year-on-year
State Bank of India, ICICI Bank Limited, Bharti Airtel Limited, and One 97 Communications Limited, which owns Paytm, are the other firms in the top five...
The stock dipped 2.23 per cent to Rs 527.50 during the day on the BSE. But it recovered all the lost ground and ended at Rs 546.30 apiece, higher by 1.25 per...
While sharing Paytm performance matrix for the month of October, Sharma in a letter to shareholders said that the company is scaling up lending business which...
One97 Communications, which owns the Paytm brand, has set a target to post operating profit by September 2023
So far in 2022, 51 IPOs have raised Rs 38,155 crore, down from Rs 64,768 crore through 55 issues in the same period last year
Around 94.48 per cent of shareholders voted in favor of the remuneration for Sharma and 5.52 per cent opposed it
Speaking at the company's 22nd annual general meeting (AGM), he said till 2018-19, the company was in expansion mode and it entered into the monetisation mode...
The company had reported an annual run rate of around Rs 24,000 crore for the loan distribution business in June
The Reserve Bank of India (RBI) in March had barred Paytm Payments Bank from onboarding new customers, citing “material supervisory concerns” observed at...
The proposal to set up a joint venture firm Paytm General Insurance Limited (PGIL) was approved by the board on May 20.
The losses, however, narrowed on a sequential basis. Its consolidated loss stood at Rs 778.4 crore in the quarter ended December 2021.
Sharma said that the estimates are well ahead of estimates by most analysts.
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.
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...
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.
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
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.