This is part of the global strategy of Softbank globally to not be on boards of listed firms
Japanese tech conglomerate expects it would have fewer regulatory issues to tackle with strategy.
With Tuesday's intra-day fall of 9 per cent, Paytm's market capitalisation dropped to Rs 40,863 crore, down at the 112th position on the BSE.
There will be no material impact on Paytm's customer acquisition, Vijay Shekhar Sharma, chairman, Paytm Payments Bank and founder & CEO of Paytm, tells Manojit Saha
Annual inspections by RBI found that the company's servers were sharing information with China-based entities that indirectly own a stake in Paytm Payments Bank, says a source
CLOSING BELL: Shares of One97 Communications, the parent company of digital payments major Paytm, tanked 14.5 per cent to hit a new low of Rs 662 on the BSE in Monday's intra-day trade
Paytm has clarified stating the RBI ban does not impact on the services provided in partnership with other financial institutions.
Paytm is likely to be in focus after RBI's ban on fresh onboarding of customers to its arm Paytm Payments Bank with immediate effect over the weekend.
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
Sebi probing IPO-bound firms on non-financial metrics, says report; the push comes after Paytm's IPO debacle
The three resolutions pertaining to ESOPs put to vote by the digital payments firm got over two-third 'against' votes from institutional investors
Tech start-ups do not reveal important numbers to back their narratives of consumer flywheels and unrelenting growth
Nifty Next 50 index is a gauge for the performance of top 50 stocks other than those part of the benchmark Nifty 50 index. Stocks in both indices make up the Nifty 100 index
RIL, Paytm support localisation; global tech firms say it could have socioeconomic fallouts
States start easing Covid-19 curbs as cases decline. More on that in our top headlines.
Despite the likelihood of an aggressive rate hike by the US Federal Reserve (US Fed), a correction in equity markets, analysts expect the primary market action to stay on track, albeit a minor hiccup
Investors sour on new tech offerings after calamitous listing of Paytm and the battering received by Zomato, Nykaa.
The payment feature will be available in multiple Indian languages including Bengali, Gujarati, Hindi, Kannada, Marathi, Tamil
Paytm has dropped 40 per cent on a YTD basis, and Zomato seems to be revisiting its IPO issue price amid market sell-off