Page 12 - Paytm

Top headlines: Paytm targets profitability in 6 qtrs; TaMo launches 'CURVV'

Business Standard brings you the top headlines on Wednesday

'Will get stock grants only when m-cap crosses IPO level,' says Paytm CEO

Paytm shares declined due to volatile market conditions, says Vijay Shekhar Sharma

Parl panel questions Sebi chief on NSE case, Paytm issue price

Functioning of crypto currency exchanges also came up when Sebi chairperson Madhabi Puri Buch appeared before parliamentary panel on finance, say people in the know

Parl panel questions Sebi chief on NSE case, Ruchi Soya's follow on offer

Sebi Chairperson Madhabi Puri Buch on Tuesday appeared before a parliamentary panel and was questioned on the NSE controversy, Sahara case and share offers of Paytm and Ruchi Soya, sources said

Paytm Payments Bank still to appoint firm for IT audit: MoS

The Paytm Payments Bank has not yet appointed a firm which will conduct an audit of its information technology (IT) systems, minister of state for finance Bhagwat Karad said

Paytm parent's related party transactions with Paytm Payments Bank approved

While 72% of all votes polled were favoured the resolution, almost 67% votes on account of public institutional investors were against

Paytm starts buy-now pay-later service for train ticket booking via IRCTC

Company's lending business scaled to 4.1 million loan disbursals in the first two months of the March quarter.

After 2021 boom, how 2022 could be a year of reckoning for Indian startups

After the boom of 2021, when 44 Indian startups became unicorns, the markets are more selective and investors less enthusiastic in participating at unrealistic valuations

'Paytm got customers by way of cashbacks, not by rendering services'

Puri said unlike a bank, which books revenues for offering its services and reports profit, Paytm has garnered its millions of customers by offering cashbacks

Anuj Mittal appointed as Paytm's VP-Investor Relations, will report to CFO

Anuj Mittal is expected to drive the paytm's corporate-investor relations, acting as a liaison between the management and investors

Post record Rs 1.1 trn FY22 IPO fundraise, next fiscal may set new record

54 companies plan to raise Rs 1.4 trillion in FY23 after 52 Indian corporates raised an all-time high Rs 1.11 trillion through initial public offers (IPOs) in FY22, Prime Database report said

Paytm no longer using short-term working capital facilities from banks

After Q3FY22 earnings, the company had said that it is well-funded with net cash, cash equivalent and investable balance of Rs 10,215 crore

Funds raised by Indian fintechs sees 296% jump in 2021 at $5.94 bn

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.

This Warren Buffett-owned Indian stock has been a wealth destroyer

In September 2018, Buffet's investment arm - BH International Holdings - invested $300 million, or Rs 2,179 crore, for 2.6 per cent stake in PayTM, which had valued the start-up at $10 billion then.

Paytm hits new low despite clarifying that business is 'robust'

The stock hit a new low of Rs 536.20, fallen 5% from its intra-day high of Rs 562 on the BSE.

Paytm slips 32% in one month, hits new low; tanks 74% from issue price

Off late, the stock has been under pressure following RBI's ban on Paytm Payments Bank (PPBL) from onboarding new customers.

Macquarie Cap analyst further cuts Paytm target price, estimate at Rs 400

Paytm, the Indian digital payments startup whose stock has slumped 71% since its November market debut, had its price target reduced further by an Macquarie Capital Securities (India) Pvt. analyst

KYC challenge for financial institutions

Months after Paytm IPO shook investors' confidence, a recent audit shook RBI's trust in its implementation of 'know your customer' norms. But are all financial institutions adhering to these norms?

Softbank representative Munish Varma resigns from Paytm, PB Fintech boards

Softbank Vision Funds India Holdings (Cayman) holds a 17.47 per cent stake in Paytm

Paytm shares extend slide, shed 24% in two sessions and 72% from IPO price

Stock slips 12.3% on Tuesday to end at a new low of Rs 592, as RBI ban on Paytm Payments Bank from onboarding new customers last Friday weighs