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Paytm Crackdown Signals More RBI Scrutiny on India Banks
India stunned investors last month by abruptly suspending most activities of the banking affiliate of Paytm, a once high-flying fintech star that had attracted backing from Warren Buffett and SoftBank Group Corp. While the Paytm case was an extreme example of lapses in customer verification — it allegedly used a single identity document to open t...
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Pics: Softbank CEO, Paytm Boss Attend OYO Founder Ritesh Agarwal's Wedding
Photos showed the new couple, Ritesh Agarwal and Geetansha, touching Masoyoshi Son's feet to seek his blessings.
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SoftBank, Ant Group to Sell Paytm Stakes via Block Deal After Failed Talks With Bharti Airtel Founder: Report
Ant Group and SoftBank are discussing selling their stakes in Paytm in the open market, after talks with Bharti Airtel founder failed, the Economic Times reported. Shareholders and investment banks representing Ant and Softbank had earlier approached Bharti Airtel founder-chairman Sunil Mittal with an offer to sell their stakes in One 97 Communicat...
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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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Paytm's Parent Firm share Ended 1 Percent Higher Day After Falling Sharply
One97 Communications, Paytm's parent firm's shares on Friday ended over 1 percent higher, a day after falling sharply. In morning trade, the stock had declined over 2 percent after SoftBank divested 4.5 percent stake in the firm for Rs. 1,631 crore through an open market transaction. The stock dipped 2.23 percent to Rs. 527.50 during the day on th...
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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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SoftBank Executives Said to Exit Paytm, Policybazaar Boards
SoftBank representatives will reportedly step down from the boards of digital payments firm Paytm and the parent of online insurance aggregator Policybazaar.
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India's Year of the Unicorn: Startups in Spotlight of 2021 Tech Boom
Overseas funds put more than $35 billion (roughly Rs. 2,60,020 crore) into Indian startups in 2021 — a tripling from 2020 — buying into everything from fintech and health to gaming.
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How Paytm CEO Vijay Shekhar Sharma Went From Making Rs. 10,000 a Month to Becoming a Billionaire
At 27, Paytm CEO Vijay Shekhar Sharma was making Rs. 10,000 a month, a modest salary that did not help his marriage prospects. Now, after a blockbuster IPO, Sharma has led his fintech firm to become the toast of a new India.
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Paytm Shares Priced at Rs. 2,150, at Top of Range, in Rs. 18,300-Crore IPO
Paytm has priced its shares at Rs. 2,150 rupees each, the top of its price range, in its Rs. 18,300-Crore initial public offering (IPO), a prospectus showed.
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Paytm Crackdown Signals More RBI Scrutiny on India Banks
India stunned investors last month by abruptly suspending most activities of the banking affiliate of Paytm, a once high-flying fintech star that had attracted backing from Warren Buffett and SoftBank Group Corp. While the Paytm case was an extreme example of lapses in customer verification — it allegedly used a single identity document to open t...
-
Pics: Softbank CEO, Paytm Boss Attend OYO Founder Ritesh Agarwal's Wedding
Photos showed the new couple, Ritesh Agarwal and Geetansha, touching Masoyoshi Son's feet to seek his blessings.
-
SoftBank, Ant Group to Sell Paytm Stakes via Block Deal After Failed Talks With Bharti Airtel Founder: Report
Ant Group and SoftBank are discussing selling their stakes in Paytm in the open market, after talks with Bharti Airtel founder failed, the Economic Times reported. Shareholders and investment banks representing Ant and Softbank had earlier approached Bharti Airtel founder-chairman Sunil Mittal with an offer to sell their stakes in One 97 Communicat...
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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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Paytm's Parent Firm share Ended 1 Percent Higher Day After Falling Sharply
One97 Communications, Paytm's parent firm's shares on Friday ended over 1 percent higher, a day after falling sharply. In morning trade, the stock had declined over 2 percent after SoftBank divested 4.5 percent stake in the firm for Rs. 1,631 crore through an open market transaction. The stock dipped 2.23 percent to Rs. 527.50 during the day on th...
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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...
-
SoftBank Executives Said to Exit Paytm, Policybazaar Boards
SoftBank representatives will reportedly step down from the boards of digital payments firm Paytm and the parent of online insurance aggregator Policybazaar.
-
India's Year of the Unicorn: Startups in Spotlight of 2021 Tech Boom
Overseas funds put more than $35 billion (roughly Rs. 2,60,020 crore) into Indian startups in 2021 — a tripling from 2020 — buying into everything from fintech and health to gaming.
-
How Paytm CEO Vijay Shekhar Sharma Went From Making Rs. 10,000 a Month to Becoming a Billionaire
At 27, Paytm CEO Vijay Shekhar Sharma was making Rs. 10,000 a month, a modest salary that did not help his marriage prospects. Now, after a blockbuster IPO, Sharma has led his fintech firm to become the toast of a new India.
-
Paytm Shares Priced at Rs. 2,150, at Top of Range, in Rs. 18,300-Crore IPO
Paytm has priced its shares at Rs. 2,150 rupees each, the top of its price range, in its Rs. 18,300-Crore initial public offering (IPO), a prospectus showed.
