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At the end of December, Alibaba had 6.26 per cent stake in the firm and it had sold around 3 per cent of it in January
The global research and broking house suggests investors buy the stock at the current levels and maintains a 12-month target price of Rs 1,100 on the counter
The billionaire founder of Paytm faces a crucial test of investor confidence Friday, when shareholders will decide whether they want him at the helm.
Top executives of 8 domestic tech firms, including Paytm founder Vijay Shekhar Sharma and OYO's Ritesh Agarwal, deposed before a parl panel and said they face unfair competition from big tech firms
Top executives of 8 domestic tech firms, including founders of Paytm and Oyo, to meet parliamentary panel to discuss the market behaviour of technology platforms amid rising anti-competition concerns
Payments, according to the report, was the second-most popular category for US investors, as 167 companies received funding in 2021 in the APAC region.
RBI in its letter to Paytm Payments Bank has not mentioned anything about data access but has asked the company to carry out an audit from a third party, a top official of the company said on Monday.
Sharma was arrested and released on bail by Delhi Police last month for allegedly ramming his car into the official vehicle of South Delhi's Deputy Commissioner of Police
Paytm CEO Vijay Shekhar Sharma was arrested by the Delhi Police for allegedly ramming into a senior police official's car in February and later was released on bail
While those at Goldman Sachs have upgraded the stock to buy with a target price of Rs 1,460, analysts at Macquarie maintain an underperform rating with a 12-month target price of Rs 700 on the counter
Sharma indicated that he would have bought more shares of Paytm if he could as it was trading cheaply
The BSE Sensex plunged over 1,600 points, while the NSE Nifty dropped below the 17,500-mark in a broad-based sell off.
Given the offer's aggressive pricing and the fact that One97 Communications, the parent company of Paytm, still remains a loss-making entity, most analysts had expected a sub-par listing
Paytm founder Vijay Shekhar Sharma and co-working space provider Innov8 CEO Ritesh Malik have invested in eight-month-old company Supersourcing
He added that companies need to look at India beyond as just a market, given the massive opportunity it presents
Noida-based firm, which had an astonishing rise after infamous demonetisation in 2016, is betting on financial services, commerce and payments as three key focus areas
The proposal pertaining to Sharma's remuneration was approved by members of One97 Communications Ltd at their Annual General Meeting on September 30, 2019
In conversation with Karan Choudhury, Sharma talks about how the WeWork IPO debacle shows that money is finite and results are extremely important
Sharma said the digital payments war is a huge opportunity and that India could produce the payment player which will go on to dominate the world
WhatsApp payment does not ask for log-in password, which is a huge security risk for consumers, said Vijay Shekhar Sharma