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Sharma, who founded Paytm in August 2010, will now own a 19.3% stake in it.
Published on Aug 08, 2023 03:24 AM IST
Paytm founder Vijay Shekhar Sharma is seen enjoying monsoon snacks at a cafe in Mumbai with entrepreneur Vishal Gondal in viral Twitter post.
Published on Jul 21, 2023 09:19 AM IST
The channel will also experiment with various news shows, featuring the new AI presenter, Soundarya.
In a blog post on July 5, OpenAI said super intelligence could arrive this decade.
Paytm CEO Vijay Shekhar Sharma recently revealed that he is “really bad at reading books.” He also said he has only two books since high school.
Published on Jun 14, 2023 12:15 PM IST
The Paytm SBI card customers can enjoy exclusive privileges worth up to ₹75,000 through a Paytm First membership.
Paytm CEO Vijay Shekhar Sharma in a note to shareholders likened AI to smartphones 10 years ago. He made big promises to incorporate AI in the fintech company.
DigiYatra: The Ministry of Civil Aviation launched the DigiYatra service to make air travel contactless and hassle-free for flyers.
India has had tremendous success with digital payments. UPI payments reached a record high of 12.82 lakh crore in December of last year. During the same month, 782 crore transactions were completed.
One 97 Communications Ltd., the operator of India’s largest digital-payments provider known as Paytm, has capped the worst first-year share plunge among large IPOs over the past decade -- and the pain is worsening.
Published on Nov 24, 2022 01:37 PM IST
Bloomberg | | Posted by Singh Rahul Sunilkumar
During the company's 22nd annual general meeting, the shareholders voted with 99.67 per cent majority in favour of Sharma's reappointment as the managing director and the CEO, Paytm said in a statement.
Shareholders of One97 Communications Limited asked the management about the path to profitability and rebounding of share price to the IPO level of ₹2,150. The stock closed at ₹771 on Friday.
Published on Aug 20, 2022 10:39 AM IST
Paytm, the poster boy for India’s tech startups, has lost more than 60% of its value since its high-profile initial public offering in November as it has struggled to convince investors of its earnings potential.
Published on Aug 19, 2022 12:16 PM IST
Vijay Shekhar Sharma, from the small central Indian town of Aligarh, founded One97 about two decades ago and won acclaim nationwide as a small-town-boy-made-big.
Published on May 22, 2022 04:11 PM IST
Agencies | , New Delhi
Shekhar Sharma the Founder and CEO of One97 Communications that operates under the brand Paytm, also said the company expects to be breakeven in terms of operating EBITDA in the next six quarters.
Published on Apr 06, 2022 01:17 PM IST
Both Vijay Shekhar Sharma and Swara Bhasker took to Twitter to take part in the viral age-related online trend.
Published on Jan 28, 2022 01:24 PM IST
Paytm stock registered a fall of over 27 per cent from the issue price of ₹2,150. It got listed at ₹1,955 and then ended the day at ₹1,564.
Paytm, which also counts SoftBank among its backers, raised $2.5 billion in its initial public offering, of which $1.1 billion was from institutional investors.
Published on Nov 18, 2021 11:44 AM IST
Paytm has become the toast of a new India, where the first-generation of the country's startups are making stellar stock market debuts and minting new millionaires.
Published on Nov 18, 2021 10:01 AM IST
People shared varied comments while reacting to Harsh Goenka's post on Paytm CEO Vijay Sharm.
Published on Nov 09, 2021 07:06 PM IST
At $2.46 billion ( ₹18.300 crore), PayTm IPO is expected to be the biggest in India. The feat was earlier set by Coal India in 2010 wherein the state-run company had collected ₹15,200 crore.
Published on Nov 08, 2021 05:30 PM IST
Written by Sharangee Dutta, Hindustan Times, New Delhi
Mint first reported on May 31 that Paytm was looking to raise $1-1.5 billion by selling new shares to qualified institutional buyers.
Published on Jun 19, 2021 05:54 AM IST
, BengaluruTarush Bhalla
Paytm had said over 300 app-based service providers have already joined the programme, including the likes of Decathlon, Domino’s Pizza, FreshMenu, Netmeds, NoBroker, Ola, and more. These apps are expected to make their way to the Mini App Store soon.
Published on Oct 08, 2020 02:09 PM IST
New Delhi |Press Trust of India| Posted by Susmita Pakrasi
When Google removed Paytm app, Paytm said it would remove the new cashback feature to abide by Google’s policies, though the feature didn’t violate any policy.
Updated on Sep 18, 2020 09:35 PM IST
Hindustan Times, new Delhi |hindustantimes.com | Edited by Poulomi Ghosh
In the last 12 months, Paytm has seen pre-tax losses cut - thanks to monetisation, and not reckless cost-cutting, he said, adding business like Paytm Payments Bank, commerce and cloud were already profitable, while Paytm FirstGames and Paytm Mall is “close to profitability”.
Updated on Feb 23, 2020 07:54 PM IST
New Delhi |Press Trust of India
Paytm to start planning IPO in 22-24 months, says CEO Vijay Shekhar at HT-MintAsia Leadership Summit
Paytm’s parent company One97 Communications is India’s most valuable unicorn, or privately held startup with a valuation of $1 billion or more. Its backers include Masayoshi Son’s SoftBank Vision Fund, and Alibaba Group’s Ant Financial.
Updated on Sep 06, 2019 03:44 PM IST
The Board of Control for Cricket in India (BCCI) on Wednesday announced the deal with the Paytm, which had acquired the rights in 2015 for a four-year period.
Updated on Aug 21, 2019 06:50 PM IST
New Delhi |PTI
The new regime forbids retailers from holding any business interest in online merchants on their websites, exclusive arrangements and deep discounts.
Updated on Feb 16, 2019 06:25 PM IST
Bloomberg |Saritha Rai
Paytm vice president Sonia Dhawan and her husband, along with another Paytm employee, were arrested by local police in Noida for allegedly stealing startup founder Vijay Shekhar Sharma’s personal data so they could extort money.
Updated on Oct 31, 2018 11:46 AM IST
Bloomberg |Saritha Rai
Accused woman’s mother says, “After Sharma, my daughter was the face of Paytm. Be it the launch of a new firm or scheme or receiving awards on behalf of Paytm, she was the chosen one and deserved every bit of it.”
Updated on Oct 25, 2018 08:30 AM IST
New Delhi |Shiv Sunny