One97 Communications Archives

Paytm Restructures Workforce Amid RBI Ban, Provides Outplacement Support

One97 Communications, the parent company of the Paytm brand, has announced a significant restructuring that includes layoffs and outplacement support for affected employees. This move comes as a response to operational challenges,

June 10, 2024

Business

Adani’s Interest in Paytm: One97 Communications Dismisses Acquisition Rumors as Speculative

Reports have surfaced suggesting that Gautam Adani, the chairman of the Adani Group, is looking to acquire a stake in One97 Communications, the parent company of Paytm. However, One97 Communications has officially

May 29, 2024

Paytm Embraces UPI Lite Wallet Following RBI’s Payments Bank Crackdown

In response to the Reserve Bank of India’s (RBI) crackdown on its payments bank, One97 Communications, the parent company of Paytm, is shifting its focus towards the Unified Payments Interface (UPI) Lite

May 13, 2024

Business·Latest News

Paytm Stock Dips 5% Following Resignation of President & COO Bhavesh Gupta

Shares of One97 Communications, the parent company of India’s leading mobile payments and financial services provider, Paytm, took a hit as the stock slipped 5 per cent to Rs 351.70 on the

May 6, 2024

Business·Latest News

Paytm COO Bhavesh Gupta Resigns Amid Regulatory Setback; Paytm Revamps Senior Management

Paytm, the leading Indian fintech giant, is undergoing significant changes in its senior management as its Chief Operating Officer, Bhavesh Gupta, steps down amid regulatory challenges. The parent company, One97 Communications, announced

May 5, 2024

Business

Paytm Payments Bank Faces License Revocation Rumors, Shares Dip 3%

Amid escalating regulatory concerns, shares of One97 Communications, the parent company of the Paytm brand, witnessed a 3% decline on Monday, exacerbated by reports hinting at potential license cancellation for Paytm Payments

March 4, 2024

Business