Paytm Cash Ltd (PML), a wholly-owned subsidiary of One97 Communications Ltd (OCL), has appointed Narasinganallore Venkatesh Srinivasan as Non-Government Unbiased Director. With a profession spanning over 4 a long time, Srinivasan brings in depth expertise in finance, danger administration, capital markets and banking technique. He was beforehand the Chief Government Officer of the Affiliation of … Read more
Brokerages have been optimistic on the newest improvement that Zomato will purchase Paytm’s leisure and ticketing enterprise for ₹2,048 crore. Shares of Zomato and Paytm gained to commerce within the optimistic territory on Thursday’s early commerce. Home brokerage Motilal Oswal believed dialogue round honest valuation for the enterprise is “too untimely,” within the context of … Read more
One 97 Communications, which owns model Paytm, proposes to cap the remuneration of its non-executive unbiased administrators as a part of efforts to save lots of prices amid widening losses. Additionally learn: Paytm launches NFC card soundbox for offline retailers This fintech main’s unbiased board members will earn a most annual compensation of ₹ 48 … Read more
One 97 Communications Restricted (OCL), which owns model Paytm, has launched an NFC card soundbox, which mixes NFC card know-how with cell QR funds at offline service provider shops Prospects can faucet a debit or bank card, or scan a QR code to make funds utilizing this gadget. . With battery lifetime of 10 days, … Read more
One 97 Communications (OCL), which owns model Paytm, has obtained an administrative warning letter from capital market regulator SEBI. The warning is over lack of approvals from each the audit committee and shareholders for the related-party transactions between Paytm and Paytm Funds Financial institution (PPBL) throughout FY21-22. SEBI’s letter mentioned the violations had been considered … Read more
Paytm administration on Wednesday settled an worker layoff row after the Labour Ministry intervened within the matter on the premise of a grievance by an ousted worker. The worker had knocked the doorways of the Labour Ministry on alleged pressured termination by One97 Communications Ltd, which owns model Paytm, and the corporate demanding return of … Read more
One 97 Communications, which owns model Paytm, has appointed former SEBI whole-time member Rajeev Krishnamuralilal Agarwal to the board as non-executive impartial director. R.Okay. Agarwal, who’s a former IRS officer, has are available in as a substitute for Neeraj Arora, who had resigned citing “pre-occupation and private commitments”. “The board, at its assembly held at … Read more
Samsung, India’s largest client electronics model, has launched flight, bus, film and occasions ticket bookings on Samsung Pockets, in partnership with One97 Communications Restricted which owns the Paytm model. Additionally learn: Paytm inventory in focus: Shares surge 7% following partnership with Samsung The partnership goals to reinforce customers’ comfort by providing a seamless, built-in reserving … Read more
Internet overseas direct funding (FDI) inflows for fiscal 12 months 2024 falling to the bottom degree since 2007, at $10.6 billion has raised issues about MNCs and overseas buyers shifting out of India. However a businessline evaluation reveals that the excessive repatriation numbers are primarily led by overseas promoters, FDI buyers and PE and VC … Read more
Japan’s SoftBank Group is more likely to exit considered one of its largest bets in India, Paytm, this month registering funding losses within the vary of $150-200 million, sources stated. The Masayoshi Son-controlled funding agency’s stake within the Indian funds platform has come right down to 1.4 per cent on the finish of March 2024, … Read more