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Zomato and Paytm Engage in Acquisition Talks for Movie and Events Business

Zomato, the food delivery giant, and fintech leader Paytm have confirmed ongoing discussions for a potential acquisition of Paytm’s movie and event ticketing business. Both companies disclosed this development in regulatory filings

June 17, 2024

Business

Marshall Wace Sells Stake In Paytm in INR 25 Cr Block Deal

On June 14, UK-based hedge fund Marshall Wace sold 585,938 shares of fintech leader Paytm for INR 25.08 crore in a block deal. According to data from the National Stock Exchange (NSE),

June 16, 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 Contemplates Workforce Reduction Amid Soaring Employee Costs

In a bid to alleviate soaring employee costs, Paytm, a prominent player in the digital payments sector, is mulling over slashing its workforce by up to 20% in the current financial year.

May 24, 2024

Paytm Q4 FY24 Results: Losses Surge to Rs 550 Crore Amid Revenue Decline

Indian digital payments giant, Paytm, reported a significant widening of its net loss to Rs 549.6 crore for the fourth quarter ending March 31, FY24. This marks a substantial increase from the

May 22, 2024

Business·Latest News

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

CRED Set to Revolutionize Payment Checkout: Dynamic Terminals to Boost Merchant Engagement

Fintech leader CRED is poised to revolutionize payment checkout experiences for merchants with the introduction of dynamic terminals, set to roll out later this year. Following successful trials, CRED will deploy these

April 26, 2024

Business

NPCI Grants Paytm Approval to Transition Users to PSP Bank Handles

The National Payments Corporation of India (NPCI) has given the green light to One97 Communications (OCL), the entity behind Paytm, to commence the migration of its users to a new payment service

April 18, 2024

Business·Latest News