Page 2 - Paytm

Jack Ma-backed Ant Group plans to pare stake in Vijay Shekhar's Paytm

The Chinese fintech giant has been discussing options to reduce its stake in One 97 Communications Ltd. after its share percentage increased passively due to share buybacks

Telecom tycoon Sunil Mittal seeking a stake in Paytm, says report

Indian telecommunications tycoon Sunil Mittal is seeking a stake in Paytm by merging his financial services unit into the fintech giant's payments bank

Stocks to watch: HUL, United Breweries, Motherson, Sun Pharma, Paytm, Cipla

Stocks to watch: Samvardhana Motherson announced it is buying SAS Autosystemtechnik (SAS), which manufactures auto cockpit modules, from French company Faurecia for Rs 4,790 crore

Paytm Payments Bank goes live with UPI LITE to boost small UPI transactions

Paytm Payments Bank Limited (PPBL) on Wednesday said it has gone live with UPI LITE, a feature enabled by the National Payments Corporation of India (NPCI) for multiple small UPI transactions.

Paytm owner One 97 Communications completes share buyback worth Rs 850 cr

Digital financial services firm One97 Commuications, which operates under the Paytm brand, on Tuesday said it has completed buyback of shares worth Rs 849.83 crore at an average price of Rs 545.93 per share. The company bought back shares in the price range of Rs 702.65 to Rs 480.25 apiece, according to a regulatory filing. "The company bought back an aggregate of 1,55,66,746 equity shares utilising a total amount of Rs 849,83,39,982, which represents 99.98 per cent of the maximum buy-back size. The price at which equity shares were bough back was dependent on the price quoted on the stock exchanges," the company said. The Paytm board had approved buyback of shares worth Rs 850 crore on December 13, representing 6.67 per cent of the total paid-up share capital between December 21, 2022 to February 13. During the buyback period, Chinese e-commerce major Alibaba sold its entire direct stake in the company in two tranches. However, the company's group firm Ant Financial continues to

Is the worst over for new-age tech companies? Here's what analysts say

Shares of Paytm, FSN e-Commerce Ventures (the parent firm of Nykaa), PB Fintech (parent firm of Policybazaar), and CarTrade Tech surged up to 17 per cent in a month

Alibaba exits Paytm, sells remaining 3.3% stake for Rs 1,378 crore

Over 22.8 million shares worth Rs 3,000 crore change hands in 15 blocks

China's Alibaba Group sells its entire remaining 3.4% stake in Paytm

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

Paytm launches G20-theme QR Code to celebrates India's presidency

One97 Communications Limited that owns leading payments and financial services company Paytm, on Friday launched a special G20-theme, QR Code to celebrate India's presidency.

Paytm slips 9% intra-day as nearly 5% equity changes hands on NSE

Till 09:50 am; around 32.25 million equity shares, representing nearly 5 per cent of total equity of Paytm, had changed hands on the counter, data showed

Here's why Macquarie has double upgraded Paytm's stock to 'Outperform'

Following the upgrade, shares of Paytm surged 18.5 per cent to an intra-day high Rs 698 per share on the BSE on Wednesday

Macquarie double upgrades Paytm to 'outperform', ups target price by 80%

This comes after the firm narrowed its net loss to Rs 392 cr in Q3 of FY23, from Rs 778.4 cr in Q3FY22, and expanded revenue from operations by 41.62% to Rs 2,062.2 cr

New-age stocks in focus; Paytm, Policybazaar, Zomato, Nykaa gain up to 10%

In the past one year, these stocks have underperformed the market by falling between 31 per cent and 53 per cent, as against 5 per cent rise in the Sensex

Paytm logs 89 mn monthly transacting users, GMV grows 44% to Rs 1.2 trn

The company continues to dominate the offline payments market with 6.1 million merchants now paying subscriptions for payment devices, an increase of 0.3 million in January

Paytm hits over 3-mth high; surges 28% in 2 days on improved Q3 performance

Paytm reported adjusted Ebitda breakeven three quarters ahead of management's initial guidance of September 2023

Early breakeven positive for Paytm, stock surges 6%: Should you buy?

Experts have 'buy' rating with price targets between Rs 730 and Rs 1,150

Paytm expects to sustain performance, completes Rs 796 cr share buyback

Digital financial services firm One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. Paytm's EBITDA (earnings before interest, taxes, depreciation, and amortization), an indicator of operational profit, before ESOP cost margin improved to Rs 31 crore during the third quarter ended December 31, 2022. The company has calculated an incentive of Rs 130 crore from UPI transactions in three quarters but Sharma said that the incentive may technically make the fourth quarter a free cash flow positive quarter but Paytm will report as a one-time item. "UPI incentive will be one-off and we will explicitly call out as one-off. Rs 130 crore that we are quoting is for three quarters. The fourth quarter number will be topped on top of it. Because we are calling it one-time item, we are not calling it free cash flow generative. We would rather say free cash flow generative when we ar

Paytm, PhonePe to launch UPI Lite for smaller epayments soon: Report

UPI Lite was introduced by the National Payment Corporation of India (NPCI) last year to facilitate small ticket transactions up to Rs 200

Stocks to Watch: SBI, Vodafone Idea, Paytm, ITC, IndiGo, DCB Bank, Marico

Stocks to Watch: Paytm has narrowed its consolidated net loss to Rs 392 crore in Q3FY22. The company had posted a net loss of Rs 778.4 crore a year ago

Paytm's consolidated net loss narrows to Rs 392 crore in third quarter

Digital financial services firm One97 Communications on Friday said it has narrowed its consolidated net loss to Rs 392 crore in the third quarter ended December 2022. The company had posted a net loss of Rs 778.4 crore in the same period a year ago. Its revenue from operations jumped about 42 per cent to Rs 2,062.2 crore during the quarter from Rs 1,456.1 crore in the year-ago period. Paytm founder and CEO Vijay Shekhar Sharma said the company during the reported quarter has achieved its target for operational profit, excluding ESOP cost. "I wrote to you on April 6, 2022, and set a target for EBITDA before ESOP cost breakeven by the September 2023 quarter. "I am very happy to share that our company has achieved this milestone of EBITDA before ESOP cost profitability in the December 2022 quarter itself. This is three quarters ahead of our guidance," Sharma said. Shares of the company closed 3.83 per cent down at Rs 524.9 apiece on BSE. The financial result of the company came af