Vijay Shekhar Sharma (Photo: Reuters) 3 min read Last Updated : Jul 06 2024 | 5:21 PM IST Paytm founder Vijay Shekhar Sharma acknowledged that the company has learnt its lessons and could have handled responsibilities differently. This comes nearly five months after the Reserve Bank of India (RBI) placed restrictions on Paytm …
Fintech firm One97 Communications, owner of the Paytm brand, laid off an undisclosed number of employees in June and claimed that it was providing outplacement support for their smooth transition. During an event, Paytm founder Vijay Shekhar Sharma on Saturday when asked why senior-level employees are leaving Paytm, said, “All is well and all is …
Shares of One97 Communications Ltd., parent company of Payments aggregator Paytm, gained as much as 9% on Monday to ₹475.85, extending Friday’s 6% surge. The stock has risen 14% in the last two trading sessions. With today’s surge, shares of Paytm have risen to the highest in five months. Paytm shares faced sharp cuts earlier …
Paytm is currently in discussions with Zomato Ltd. to sell its movie and events ticketing division, as part of a strategic overhaul amid declining sales, according to sources familiar with the situation, as per Bloomberg report. Also Read | Elon Musk’s ’anything can be hacked’ VS ’Rajeev Chandrasekhar’s ’technically you are right’ on use of …
Adani Group chairman Gautam Adani is reportedly in talks to buy a stake in One 97 Communications, which operates Paytm. A report in the Times of India claimed, citing people in the know, Paytm founder and CEO Vijay Shekhar Sharma met Gautam Adani at the latter’s office in Ahmedabad on May 28 to “finalise the …
Bengaluru: Paytm founder and CEO Vijay Shekhar Sharma told shareholders in a post-earnings call on Wednesday that the worst is behind the company after One97 Communications, its parent firm, reported lower quarterly revenue and a bigger loss on Wednesday. “We learned a lot of our lessons to become better and resilient. We also resolved to …
Paytm, the digital payments and financial services firm, announced the resignation of its COO and president, Bhavesh Gupta, via a regulatory filing on 4 May. According to the filing, in a letter, Gupta said that his resignation would be effective as of the close of business hours on 31 May. He, however, expressed his intention …
Paytm founder Vijay Shekhar Sharma said that he was confident that his company will overcome regulatory setbacks in India this year and stage a comeback. At a financial technology conference in Tokyo, he said, “The biggest thing that I’ve learned is that many times your teammate and adviser may not be getting it correct.” This …
With less than a fortnight to go for Paytm Payments Bank to wind down its operations, highly placed sources in the banking circles say the bank could be the first significant instance in over two decades where the Reserve Bank of India may not hesitate to take a drastic step such as cancellation of its …
Shares of One97 Communication, the parent firm of Paytm, rose 5% to touch the upper circuit of Rs 449.50 from the previous close of Rs 428.10. However, the shares came off the highs to Rs 427.90. The surge in the company’s share came after Vijay Shekhar Sharma stepped down from the position of Chairman. “OCL …