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BIZARRE: Paytm - What They Never Told You

Flipkart extends lead in Indian ecommerce, Myntra widens lead in fashion, says BofA

Flipkart Group solidifies its e-commerce dominance in India, with Myntra leading the online fashion segment, according to a Bank of America Securities report. Despite intense competition, consumer demand remains robust, defying concerns about slowing discretionary spending. The report highlights resilient growth across various internet sectors, including online travel, quick commerce,…

The Economic Times

Flipkart extends lead in Indian e-commerce, Myntra widens lead in fashion, says BofA

The Economic Times

Quant Mid Cap Fund adds Adani Energy and 4 others, exits Paytm and 3 more stocks in May

Quant Mid Cap Fund, managed by Sandeep Tandon, has strategically adjusted its portfolio in May. The fund added Adani Energy and four other stocks while exiting Paytm and three other companies. This move reflects a dynamic approach to capturing growth opportunities within the mid-cap segment.

The Economic Times

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Zepto's market position; TCS' AI verdict at AGM

Zepto pulls ahead of Swiggy Instamart on orders, but heavy burn continues. This and more in today's ETtech Top 5.

The Economic Times

Paytm plans 10% staff increase in AI pivot, to lay off 400

The increase would mark a roughly 10% increase in its headcount that stands at about 40,000 employees. Paytm is also laying off 1% of its staff, or about 400 people, after the current performance appraisal cycle, a company spokesperson said. The cuts follow more substantial reductions in the previous year.

The Economic Times

Oyo readies market debut; IT's comeback rally

Oyo's IPO plans are back on track after securing the regulator's nod. This and more in today's ETtech Top 5.

The Economic Times

ONDC raises Rs 220 crore from Zoho, Uber, Paytm, BSE; eyes additional capital

While Zoho Corporation has invested Rs 70 crore as a part of this round, Uber and Paytm have invested Rs 60 crore each. BSE Technologies has injected Rs 30 crore into the government-backed digital commerce entity.

The Economic Times

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Digital payments, mobile economy have significant room for expansion; no slowdown in transaction growth: Paytm CEO

India's digital economy is set for major growth. Technological innovation and increasing consumer trust will drive expansion. Artificial intelligence will accelerate this progress. Digital payments and mobile transactions are expected to see a significant increase. Indian consumers are rewarding strong products and innovation. The nation's economy remains resilient due to…

The Economic Times

Listed digital payment majors finally turn a corner in FY26

Growth in the core payments business, expansion across credit products and wider adoption of revenue-generating payment instruments like credit cards on UPI, helped payment companies strengthen their bottom lines.

The Economic Times

Stocks in news: Premier Energies, Suzlon Energy, Paytm, Hindalco, ONGC

Indian markets saw a strong rebound on Monday. The Nifty index surpassed 24,000 and is expected to move higher. Premier Energies saw a large promoter stake sale. Suzlon Energy reported its Q4 results. ONGC is expanding its partnership with BP. IRFC entered metro rail financing. Paytm is investing in its…

The Economic Times

Elevation Capital offloads around Rs 964 crore worth of shares in Paytm

Elevation Capital, an early investor in Paytm, has sold shares worth Rs 964 crore through block deals. This follows a trend of early investors liquidating their holdings. Paytm recently reported its first full-year profit and operating revenue growth. The company is now Indian-owned and controlled, with a market capitalization of…

The Economic Times

Paytm block deal: SocGen, Ghisallo, Viridian among biggest buyers in Rs 964 crore stake sale

Paytm's parent company, One 97 Communications, saw Rs 964 crore in block deals on Friday. Major institutional investors like Societe Generale and Nippon India Mutual Fund bought shares. Existing shareholders such as SAIF Partners reduced their holdings. This activity occurred as Paytm shares experienced a decline. The stock has shown…

The Economic Times

BSE 100 rejig: Paytm, Ashok Leyland and CG Power enter index; Adani Group-owned Ambuja, 2 more exit

Paytm, Ashok Leyland, and CG Power were added to the BSE 100, replacing Ambuja Cements, Tube Investments, and Colgate-Palmolive, effective today. TVS Motor entered the BSE Sensex 50, dislodging Adani Enterprises.

The Economic Times

Paytm shares drop 4% after SAIF Partners, others likely sell stake worth Rs 960 crore

Shares of One 97 Communications, the parent of Paytm, fell sharply on Friday after existing investors, including SAIF Partners and Elevation Capital, likely sold shares worth Rs 960 crore. Around 86 lakh shares changed hands in a large block deal, pressuring the stock despite broader market gains.

The Economic Times

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The Economic Times

Paytm block deal: SAIF Partners, others likely to sell stake worth Rs 963 crore, says report

Paytm's existing investors are expected to sell shares in a block deal. The transaction will involve approximately 8.6 million shares. The floor price is set at Rs 1,120.65 per share. This stake sale is anticipated to be worth $100 million. Citi is reportedly managing the placement. This comes after a…

The Economic Times

One soundbox soon for all payment apps as NPCI readies platform

NPCI is developing a unified, interoperable soundbox system for UPI transactions, aiming to eliminate the need for merchants to use multiple devices. This move could significantly reduce costs for small businesses and streamline payment confirmations across all apps, fostering greater efficiency in the digital payments ecosystem.

The Economic Times

Samir Arora-backed Helios Flexi Cap Fund increases stake in Tata Motors, Eternal, Paytm, 8 others in April

Helios Flexi Cap Fund, backed by Samir Arora, boosted its holdings in Tata Motors, Eternal, and Paytm during April. The fund also increased its stake in eight other companies, including Hero MotoCorp and Bharat Electronics. Conversely, exposure was reduced in HDFC Bank, Reliance Industries, and Ather Energy. Titan Company and…

The Economic Times

Fintechs trade the wild west for regulatory licences

India's leading fintech firms, once disruptors, are now actively seeking regulatory licenses to ensure sustainable growth. Companies like PB Fintech, Mobikwik, and Paytm are pursuing multiple licenses across payments, lending, and wealth management. This strategic shift allows them to manage the entire customer lifecycle and capture greater revenue, driven by…

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The Economic Times

SBI margins drag PSU banks, but private banks set for comeback: Pranav Gundlapalle, Bernstein

State Bank of India's margin drop was a key event. Analysts suggest the worst may be over for banks. Private sector banks are expected to perform well in FY27. Foreign investor flows are seen as a key factor for stock performance. HDFC Bank and Axis Bank are top picks. Paytm…

The Economic Times

Instant househelp orders jump; Agnikul eyes new funding

Happy Monday! Instant house help startups collectively reached three million monthly bookings in April. This and more in today's ETtech Morning Dispatch.

The Economic Times

Fintechs looking to AI to unlock opportunities, cost efficiencies

India's leading fintech firms, including Paytm, PB Fintech, and Groww, are aggressively expanding into new business areas like wealth management and AI-driven services to fuel future growth. These companies are leveraging artificial intelligence to enhance customer experiences, improve operational efficiency, and unlock new revenue streams, marking a significant shift in…

The Economic Times

Paytm rules out NBFC licence plans

Paytm, the fintech major, has decided against seeking a Non-Banking Financial Company license. The company prefers a partnership model for lending operations. This comes after Paytm Payments Bank's license was cancelled by the RBI. Paytm reported a consolidated profit of Rs 183 crore in its fourth quarter, a significant turnaround…

The Economic Times

Paytm shares climb 5% after Q4 results. Do Jefferies and Bernstein see further upside?

Paytm's parent company, One 97 Communications, reported a profit of Rs 184 crore for the fourth quarter. This led to a significant rally in its shares. Revenue from operations also saw an increase. Analysts maintain positive ratings, citing strong revenue momentum and controlled expenses. The company's financial performance shows improvement…

Geekflare

Top Payment Gateways for Accepting INR & International Payments

If you're running a business or offering services online from India, having a payment gateway to accept payments in Indian Rupee (INR) is a necessity.

Dynamite News

UPI System Crashes Again! Payments Fail on Paytm, Google Pay; Users Fume

Big news for those who transfer money online. UPI system failed on Saturday. Read more at Dynamite News

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