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Amid Layoffs, Paytm CEO Shares 2024 To-Do List Featuring Big AI Upgrades
Fintech giant Paytm's parent company, One97 Communication, has laid off 100s of employees across verticals due to the firm's implementation of Artificial Intelligence (AI) to bring automation in its process and ensure cost-cutting.
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Alibaba Group Sells Remaining Stake in Paytm Worth Rs. 1,378 Crore
China's Alibaba Group has sold its remaining stake in Indian digital payments firm Paytm for about Rs. 1,378 crore through a block deal, stock exchange data showed on Friday. The exit comes days after Paytm posted its first-ever quarterly operating profit as a listed firm, nine months ahead of its own target.
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Sorry, A Bit Late...: Zomato Founder's Tweet After Paytm's Surprise Operating Profit
Paytm' stock rose as much as 7.4% yesterday, its biggest intraday jump in two months after the firm posted its first-ever quarterly operating profit as a listed firm.
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India's Tech Companies, Routed, Use Surprise Tactics To Arrest Slide
While within the rules, several market experts say the actions point to the fixation that newly listed firms have with their stock prices. After all, Nykaa and Paytm are among a flurry of hot startups that came to the Indian market with much fanfare.
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Paytm Parent One97 Shares Fall on Report of Softbank Stake Sale
Paytm parent One97 Communications' shares fell as much as 10 percent on Thursday after a report that SoftBank would sell Paytm shares with $215 million (roughly Rs. 1,755 crore). The stock is being sold in a range of Rs. 555 to Rs. 601.45 per share, and the sale is the latest in a string of divestments that SoftBank has made in the past few months...
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$18 Billion Wipeout Among Just 5 India IPOs: Zomato, Nykaa, Others
Five of the most-hyped technology initial public offerings in India over the past 16 months have floundered since listing, shedding more than $18 billion in value.
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Overseas Listing Plan For Domestic Entities Put In Deep Freeze: Report
Government has frozen plans to allow local firms to list overseas as it seeks to bolster its own capital markets
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After Paytm Flop Show, India Tightens IPO Valuation Scrutiny: Report
India has tightened scrutiny of IPO-bound firms by questioning how key internal business metrics are used to arrive at valuations, unsettling bankers and companies which fear delays in listing plans, sources with direct knowledge told Reuters.
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After Paytm Flop Show, India Tightens IPO Valuation Scrutiny: Report
India has tightened scrutiny of IPO-bound firms by questioning how key internal business metrics are used to arrive at valuations, unsettling bankers and companies which fear delays in listing plans, sources with direct knowledge told Reuters.
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As Paytm, Zomato Tank After Listing, 2 Tech Start-ups Delay IPOs: Report
A raft of prominent tech startups, including Oyo Hotels and logistics provider Delhivery, are pushing back their public debuts
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Zomato, Paytm, Nykaa Shares Hit Lowest Levels Since Listing: 10 Points
Shares of Zomato, Paytm parent One 97 Communications Ltd and Nykaa owner FSN E-Commerce Venture have fallen to their lowest levels since listing. Except for Paytm, both Zomato and Nykaa stocks registered massive gains despite posting weak quarterly numbers after strong listings. Paytm made a tepid debut at the exchanges and has plunged more than 58...
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Swadeshi Jagran Manch Opposes Indian Unicorns' Direct Overseas Listing
Ashwani Mahajan of SJM said that the argument that Indian capital markets lack depth has been shattered by highly successful IPOs of Zomato and PayTM
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Battered Paytm Gets First Bullish Rating - From Morgan Stanley
India's digital payments giant Paytm has received a bullish rating from a major broker after a dismal listing and a spate of bearish views since then.
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From Paytm To Reliance Power: Big IPOs With The Worst Debut Day Performance
Paytm, India's largest IPO to date, closed 27% below the issue price on listing day. It impacted sentiment in the entire stock market. The flop show should not come as a surprise to you as this is not the first time a high-profile IPO has eroded investors wealth on listing day.
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Paytm's Market Cap Drops Over Rs 50,000 Crore After Disastrous Market Debut
In Monday's trading session, Paytm shares fell as much as 18 per cent on top of listing day decline of 27 per cent.
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Amid Layoffs, Paytm CEO Shares 2024 To-Do List Featuring Big AI Upgrades
Fintech giant Paytm's parent company, One97 Communication, has laid off 100s of employees across verticals due to the firm's implementation of Artificial Intelligence (AI) to bring automation in its process and ensure cost-cutting.
-
Alibaba Group Sells Remaining Stake in Paytm Worth Rs. 1,378 Crore
China's Alibaba Group has sold its remaining stake in Indian digital payments firm Paytm for about Rs. 1,378 crore through a block deal, stock exchange data showed on Friday. The exit comes days after Paytm posted its first-ever quarterly operating profit as a listed firm, nine months ahead of its own target.
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Sorry, A Bit Late...: Zomato Founder's Tweet After Paytm's Surprise Operating Profit
Paytm' stock rose as much as 7.4% yesterday, its biggest intraday jump in two months after the firm posted its first-ever quarterly operating profit as a listed firm.
-
India's Tech Companies, Routed, Use Surprise Tactics To Arrest Slide
While within the rules, several market experts say the actions point to the fixation that newly listed firms have with their stock prices. After all, Nykaa and Paytm are among a flurry of hot startups that came to the Indian market with much fanfare.
-
Paytm Parent One97 Shares Fall on Report of Softbank Stake Sale
Paytm parent One97 Communications' shares fell as much as 10 percent on Thursday after a report that SoftBank would sell Paytm shares with $215 million (roughly Rs. 1,755 crore). The stock is being sold in a range of Rs. 555 to Rs. 601.45 per share, and the sale is the latest in a string of divestments that SoftBank has made in the past few months...
-
$18 Billion Wipeout Among Just 5 India IPOs: Zomato, Nykaa, Others
Five of the most-hyped technology initial public offerings in India over the past 16 months have floundered since listing, shedding more than $18 billion in value.
-
Overseas Listing Plan For Domestic Entities Put In Deep Freeze: Report
Government has frozen plans to allow local firms to list overseas as it seeks to bolster its own capital markets
-
After Paytm Flop Show, India Tightens IPO Valuation Scrutiny: Report
India has tightened scrutiny of IPO-bound firms by questioning how key internal business metrics are used to arrive at valuations, unsettling bankers and companies which fear delays in listing plans, sources with direct knowledge told Reuters.
-
After Paytm Flop Show, India Tightens IPO Valuation Scrutiny: Report
India has tightened scrutiny of IPO-bound firms by questioning how key internal business metrics are used to arrive at valuations, unsettling bankers and companies which fear delays in listing plans, sources with direct knowledge told Reuters.
-
As Paytm, Zomato Tank After Listing, 2 Tech Start-ups Delay IPOs: Report
A raft of prominent tech startups, including Oyo Hotels and logistics provider Delhivery, are pushing back their public debuts
-
Zomato, Paytm, Nykaa Shares Hit Lowest Levels Since Listing: 10 Points
Shares of Zomato, Paytm parent One 97 Communications Ltd and Nykaa owner FSN E-Commerce Venture have fallen to their lowest levels since listing. Except for Paytm, both Zomato and Nykaa stocks registered massive gains despite posting weak quarterly numbers after strong listings. Paytm made a tepid debut at the exchanges and has plunged more than 58...
-
Swadeshi Jagran Manch Opposes Indian Unicorns' Direct Overseas Listing
Ashwani Mahajan of SJM said that the argument that Indian capital markets lack depth has been shattered by highly successful IPOs of Zomato and PayTM
-
Battered Paytm Gets First Bullish Rating - From Morgan Stanley
India's digital payments giant Paytm has received a bullish rating from a major broker after a dismal listing and a spate of bearish views since then.
-
From Paytm To Reliance Power: Big IPOs With The Worst Debut Day Performance
Paytm, India's largest IPO to date, closed 27% below the issue price on listing day. It impacted sentiment in the entire stock market. The flop show should not come as a surprise to you as this is not the first time a high-profile IPO has eroded investors wealth on listing day.
-
Paytm's Market Cap Drops Over Rs 50,000 Crore After Disastrous Market Debut
In Monday's trading session, Paytm shares fell as much as 18 per cent on top of listing day decline of 27 per cent.
