Paytm shares up 4% on discontinuation of ties with Paytm Payments Bank
One97 Communications says both companies have “mutually agreed” to discontinue various inter-company pacts amid regulatory restrictions
One97 Communications says both companies have “mutually agreed” to discontinue various inter-company pacts amid regulatory restrictions
The trust gap for Indian companies is a negative 55, while it is negative 58 for Chinese companies.
One97 Communications withdraws all nominees from the Paytm Payments Bank board, and future business to be led by a new board
Shares of the Vijay Shekhar Sharma-led One 97 Communications hit a record low of ₹342.15 apiece in intraday trade.
Business restrictions are imposed only when constructive engagement doesn't work, RBI governor says on the regulator's action on Paytm Payments Bank.
Paytm share shows gains after 42% fall since Feb 1, its biggest drop since listing
Despite being a part-time chairman, Vijay Shekhar Sharma had more control over the bank than its board led by MD & CEO Surinder Chawla.
The global investor owned around 7% stake in Paytm in 2023, which now stands reduced to about 5%
Paytm’s revenue from payment services up 45% YoY to ₹1,730 cr; merchants paying subscription for devices cross 1.06-cr mark
Paytm plans to build a global financial ecosystem in GIFT City; to also set up a development centre to develop AI solutions