Paytm share price traded a percent lower on Tuesday after the company received a warning letter from capital markets regulator. Paytm shares fell as much as 1.47% to ₹462.25 apiece in early trade on BSE. One 97 Communications, the parent company of fintech major Paytm, received an administrative warning letter […]
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One97 Communications share price, which is the parent company of fintech platform Paytm, witnessed a 3 per cent downfall during Tuesday’s trading session. This decline occurred amid ongoing discussions with food delivery giant Zomato regarding the potential sale of its movie ticketing business. During intraday trading on the NSE, Paytm […]
Paytm’s share of the unified payments interface (UPI) market in India fell for a fourth straight month as the fintech pioneer struggles to recover from a regulatory setback. Paytm accounted for 8.1 per cent of total UPI transactions in May, down from 13 per cent in January, according to data […]
Shares of Paytm surged by 5 per cent for the second consecutive session on May 30. The stock experienced a significant rally following reports that billionaire Gautam Adani is contemplating acquiring a stake in Paytm’s parent company, One97 Communications. The stock finally closed at ₹377.40 per share on Thursday. However, […]
One 97 Communications Ltd, the parent company of Paytm, bore the brunt of the disruption in business following the Reserve Bank of India’s (RBI) restrictions on its payment bank. Expectedly, March quarter (Q4FY24) results were forgettable, but worse is on its way in the ongoing quarter of Q1FY25. Prima facie, […]
Fintech major Paytm is still in the disruption phase and its business normalization and growth re-acceleration is likely to be a long drawn out process. The company may not turn EBITDA-positive before FY28 and net profit-positive by FY29, Emkay Global said. Paytm share price has corrected around 55% following the […]