October 22, 2024 New Delhi, India Paytm Q2 Results Paytm’s parent company, One 97 Communications, reported a profit after tax (PAT) of ₹930 crore in Q2FY25, driven by a one-time exceptional gain of ₹1,345 crore from the sale of its entertainment ticketing business to Zomato. This marks a major financial turnaround from a ₹290 crore…
August 29, 2024 New Delhi, India Paytm Shares Paytm, through its parent company One 97 Communications, is set to reapply for a payments aggregator (PA) licence from the government after receiving approval for downstream investment into its payments arm, Paytm Payments Services Limited (PPSL). This move comes after regulatory challenges faced by its lending unit,…
August 28, 2024 New Delhi, India Zomato-Paytm Food delivery giant Zomato has successfully completed the acquisition of Paytm’s subsidiaries Wasteland Entertainment Pvt Ltd (WEPL) and Orbgen Technologies Pvt Ltd (OTPL), marking a significant expansion into the entertainment ticketing business. The company disclosed this development in its recent filing with the stock exchanges. Deal Overview:…
August 22, 2024 New Delhi, India Paytm Shares Paytm’s parent entity, One97 Communications Ltd (OCL), witnessed a significant surge in its share price, rising by 5% on Thursday, August 21, after announcing the sale of its entertainment ticketing business to Zomato for ₹2,048 crore. This strategic move aligns with Paytm’s focus on its core financial…
July 19, 2024 New Delhi, India Paytm Q1 Results One 97 Communications Ltd, the company behind Paytm, has reported a significant widening of its Q1FY25 net loss to Rs 839 crore, compared to Rs 357 crore a year ago. The company’s revenue from operations also fell by 36% to Rs 1,502 crore, largely due to…
July 16, 2024 New Delhi, India Paytm Shares Shares of One 97 Communications Ltd, the parent company of Paytm, fell nearly 2% on Tuesday after the Securities and Exchange Board of India (SEBI) issued a warning letter regarding non-compliance in related party transactions with Paytm Payments Bank (PPBL) for FY22. The stock traded 1.47% lower…
June 10, 2024 New Delhi, India Paytm Share Price Shares of One 97 Communications, the parent company of Paytm, experienced a significant surge, rising by 8.60% to ₹414. This rally marked the first time in eight weeks that the stock crossed the ₹400 threshold. The current uptrend has allowed Paytm shares to recover by 33.54%…
May 22, 2024 New Delhi, India Paytm Q4 Results One 97 Communications, the parent company of payments aggregator Paytm, announced a challenging fourth quarter for fiscal year 2024. The company saw a decrease in revenue and a significant increase in net losses, primarily due to regulatory actions imposed by the Reserve Bank of India (RBI)….
May 7, 2023 New Delhi, India Paytm Stock Plunges Amid Leadership Resignation and Regulatory Hurdles Leadership Resignation Adds to Investor Uncertainty The stock of Indian fintech giant Paytm has taken a significant hit, dropping by 13% over nine consecutive trading sessions. The decline comes amidst a series of challenges facing the company, including the recent…
February 29, 2023 New Delhi, India Paytm’s Stock Price Declines Investors are witnessing a downturn in Paytm’s stock price, which reflects market uncertainties and ongoing challenges. With a decline of 3.71% today, Paytm’s stock performance remains under scrutiny. In this analysis, we’ll delve into the live updates and explore the factors influencing this decline. Current…
