The Business Times

Paytm

Banking & Finance

Paytm shares surge after RBI grants payment aggregator license

FILE PHOTO: Ant Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo
Companies & Markets

China's Ant Group to sell 4% stake in India's Paytm for US$242 million

Paytm founder and CEO Vijay Shekhar Sharma is classified as a public shareholder, not a large shareholder, according to exchange data, which also says Paytm has no investors categorised as “large shareholders.”
Banking & Finance

India markets regulator pull up Paytm founder, director on IPO breaches, Moneycontrol reports

Zomato is capitalising on its success in food delivery to expand in adjacent areas.
Banking & Finance

Zomato to buy Paytm’s movie ticketing business for US$244 million

Fintech firm Paytm says its focus will be on payment and financial services along with digital goods commerce.
Banking & Finance

Paytm is in talks with Zomato to sell movie, ticketing business

Paytm's consolidated net loss in the fourth quarter widened to 5.5 billion rupees from 1.68 billion rupees a year ago.
Companies & Markets

India’s Paytm flags further financial impact of banking unit wind down

The company, run by billionaire founder Vijay Shekhar Sharma, has pledged no disruption to its users even as the curbs on Paytm Payments Bank kick in.
Startups

India’s Paytm wins payments approval it needs to stay in business

Paytm CEO Vijay Shekhar Sharma owns a 51 per cent stake in Paytm Payments Bank while Paytm owns the rest.
Banking & Finance

India's Paytm Payments Bank fined over US$662,000 for alleged money laundering

Paytm CEO Vijay Shekhar Sharma owns a 51 per cent stake in Paytm Payments Bank while Paytm owns the rest.
Startups & Tech

India’s Paytm discontinues inter-company agreements with its payments bank

Softbank, which held 17.5 per cent stake in Paytm in September 2022, has trimmed its ownership for more than a year through multiple open market deals, with its most recent cut being in January.
Banking & Finance

Japan’s SoftBank cuts stake in India’s Paytm to under 3%

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