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February 27, 2023 New Delhi, India Sensex Gains 300 Points The Sensex soared over 300 points today, bolstered by positive sentiment in global markets. Despite initial fluctuations, Indian equity indices closed higher, with the Nifty surpassing the 22,200 mark. Both the indices Sensex and nifty closed at 73,095.22 up +305.09 (0.42%) and 22,198.35 up +76.30 (0.34%) respectively….
February 27, 2023 New Delhi, India Leadership Transition at Paytm Payments Bank In a recent development, Vijay Shekhar Sharma, the founder and chairman of Paytm Payments Bank, has tendered his resignation from the board, marking a significant shift in leadership within the organisation. New Appointments Bring Industry Expertise Following Sharma’s resignation, Paytm Payments Bank has…
February 19, 2023 New Delhi, India Paytm Shares Surge 5% Today In a surprising turn of events, Paytm’s shares have surged by 5%, hitting the upper circuit for the second straight session. This comes amid the crisis-hit company’s recent partnership with Axis Bank for the settlement of merchant payments. The Surge In the previous session,…
February 15, 2023 New Delhi, India Paytm’s share price Decline Attributed to ED Notices and RBI Action The share price of Paytm, India’s leading digital payments platform, plummeted to a fresh 52-week low today, continuing its downward trajectory amidst escalating regulatory challenges and revenue contractions. ED Notices Spark Investor Anxiety Investor confidence took a hit…
February 14, 2023 New Delhi, India Paytm Shares Paytm, India’s leading digital payments and financial services company, faces a severe downturn as its shares plummet amidst regulatory turmoil. The Reserve Bank of India’s (RBI) recent restrictions on its subsidiary, Paytm Payments Bank (PPB), have exacerbated investor concerns, leading to significant losses in stock value. Regulatory…
February 12, 2023 New Delhi, India Paytm E-commerce Renamed Pai Platforms Paytm E-commerce, a prominent player in India’s e-commerce landscape, has undergone a significant transformation. The company has rebranded itself as Pai Platforms after receiving approval from the Registrar of Companies. This strategic move comes alongside the acquisition of Bitsila, an established seller platform operating…
February 9, 2023 New Delhi, India Paytm Faces Stock Decline Amid Acquisition Talks with Bitsila Regulatory Concerns Over Payments Bank Operations Add to Investor Worries On February 9, Paytm’s stock witnessed a significant 8% decline in response to reports of its impending acquisition of Bengaluru-based e-commerce startup, Bitsila. Here’s a closer look at the developments:…
February 7, 2023 New Delhi, India Paytm Shares Soar 13% Amid Regulatory Talks In a recent surge, Paytm shares experienced a 10% jump in a single trading session, extending a two-day rally to a significant 13%. This surge comes amidst reports of CEO Vijay Shekhar Sharma’s meetings with top officials, including Finance Minister Nirmala Sitharaman…
February 6, 2023 New Delhi, India Jio Financial Services Denies Acquisition Talks Jio Financial Services, a venture led by business tycoon Mukesh Ambani, has officially refuted rumors circulating in the market regarding its interest in acquiring Paytm’s wallet business. In an exchange filing on February 5, the company categorically denied engaging in any negotiations for…
February 1, 2023 New Delhi, India Restrictions Imposed by RBI on Paytm Payments Bank: The Reserve Bank of India (RBI) has taken significant action against Paytm Payments Bank, unveiling a set of restrictions on January 31. This move follows previous limitations imposed on March 11, 2022, which prevented the onboarding of new customers. Scope of…
