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MYSTERIOUS: 2 - What They Never Told You

Elevation Capital offloads around Rs 964 crore worth of shares in Paytm

Elevation Capital, an early investor in Paytm, has sold shares worth Rs 964 crore through block deals. This follows a trend of early investors liquidating their holdings. Paytm recently reported its first full-year profit and operating revenue growth. The company is now Indian-owned and controlled, with a market capitalization of…

The Economic Times

Paytm block deal: SocGen, Ghisallo, Viridian among biggest buyers in Rs 964 crore stake sale

Paytm's parent company, One 97 Communications, saw Rs 964 crore in block deals on Friday. Major institutional investors like Societe Generale and Nippon India Mutual Fund bought shares. Existing shareholders such as SAIF Partners reduced their holdings. This activity occurred as Paytm shares experienced a decline. The stock has shown…

The Economic Times

BSE 100 rejig: Paytm, Ashok Leyland and CG Power enter index; Adani Group-owned Ambuja, 2 more exit

Paytm, Ashok Leyland, and CG Power were added to the BSE 100, replacing Ambuja Cements, Tube Investments, and Colgate-Palmolive, effective today. TVS Motor entered the BSE Sensex 50, dislodging Adani Enterprises.

The Economic Times

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Paytm shares drop 4% after SAIF Partners, others likely sell stake worth Rs 960 crore

Shares of One 97 Communications, the parent of Paytm, fell sharply on Friday after existing investors, including SAIF Partners and Elevation Capital, likely sold shares worth Rs 960 crore. Around 86 lakh shares changed hands in a large block deal, pressuring the stock despite broader market gains.

The Economic Times

Paytm block deal: SAIF Partners, others likely to sell stake worth Rs 963 crore, says report

Paytm's existing investors are expected to sell shares in a block deal. The transaction will involve approximately 8.6 million shares. The floor price is set at Rs 1,120.65 per share. This stake sale is anticipated to be worth $100 million. Citi is reportedly managing the placement. This comes after a…

The Economic Times

One soundbox soon for all payment apps as NPCI readies platform

NPCI is developing a unified, interoperable soundbox system for UPI transactions, aiming to eliminate the need for merchants to use multiple devices. This move could significantly reduce costs for small businesses and streamline payment confirmations across all apps, fostering greater efficiency in the digital payments ecosystem.

The Economic Times

Samir Arora-backed Helios Flexi Cap Fund increases stake in Tata Motors, Eternal, Paytm, 8 others in April

Helios Flexi Cap Fund, backed by Samir Arora, boosted its holdings in Tata Motors, Eternal, and Paytm during April. The fund also increased its stake in eight other companies, including Hero MotoCorp and Bharat Electronics. Conversely, exposure was reduced in HDFC Bank, Reliance Industries, and Ather Energy. Titan Company and…

The Economic Times

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Fintechs trade the wild west for regulatory licences

India's leading fintech firms, once disruptors, are now actively seeking regulatory licenses to ensure sustainable growth. Companies like PB Fintech, Mobikwik, and Paytm are pursuing multiple licenses across payments, lending, and wealth management. This strategic shift allows them to manage the entire customer lifecycle and capture greater revenue, driven by…

The Economic Times

SBI margins drag PSU banks, but private banks set for comeback: Pranav Gundlapalle, Bernstein

State Bank of India's margin drop was a key event. Analysts suggest the worst may be over for banks. Private sector banks are expected to perform well in FY27. Foreign investor flows are seen as a key factor for stock performance. HDFC Bank and Axis Bank are top picks. Paytm…

The Economic Times

Instant househelp orders jump; Agnikul eyes new funding

Happy Monday! Instant house help startups collectively reached three million monthly bookings in April. This and more in today's ETtech Morning Dispatch.

The Economic Times

Fintechs looking to AI to unlock opportunities, cost efficiencies

India's leading fintech firms, including Paytm, PB Fintech, and Groww, are aggressively expanding into new business areas like wealth management and AI-driven services to fuel future growth. These companies are leveraging artificial intelligence to enhance customer experiences, improve operational efficiency, and unlock new revenue streams, marking a significant shift in…

The Economic Times

Paytm rules out NBFC licence plans

Paytm, the fintech major, has decided against seeking a Non-Banking Financial Company license. The company prefers a partnership model for lending operations. This comes after Paytm Payments Bank's license was cancelled by the RBI. Paytm reported a consolidated profit of Rs 183 crore in its fourth quarter, a significant turnaround…

The Economic Times

Paytm shares climb 5% after Q4 results. Do Jefferies and Bernstein see further upside?

Paytm's parent company, One 97 Communications, reported a profit of Rs 184 crore for the fourth quarter. This led to a significant rally in its shares. Revenue from operations also saw an increase. Analysts maintain positive ratings, citing strong revenue momentum and controlled expenses. The company's financial performance shows improvement…

The Economic Times

Top Payment Gateways for Accepting INR & International Payments

If you're running a business or offering services online from India, having a payment gateway to accept payments in Indian Rupee (INR) is a necessity.

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Dynamite News

UPI System Crashes Again! Payments Fail on Paytm, Google Pay; Users Fume

Big news for those who transfer money online. UPI system failed on Saturday. Read more at Dynamite News

Dynamite News

ED issues notice to One97 Communication, Managing Director

The notice has been issued by a special director of the agency following the completion of an investigation. Read further on Dynamite News:

Geekflare

This Week in AI: GPT-4.5 Arrived, Microsoft’s New Phi-4 AI Models, and More

As February came to its final day, the last week of the month was nothing but filled with AI updates. OpenAI unveiled its latest GPT-4.5 model, Microsoft

Dynamite News

Bimal Julka appointed as Independent Director at Paytm and Sudhir Bhargava at Kajaria Ceramics

Paytm and Kajaria Ceramics inducted two retired bureaucrats on their Board of Directors. Read further on Dynamite News:

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Kiplinger

How to Regulate Fintech Without Stifling Growth

Containing fintech is a matter of finding the sweet spot between security and growth.

Dynamite News

Paytm denies media report on stake sale to Adani Group, terms it "Speculative"

Paytm informed stock exchanges in a filing that the company is not engaged in any discussions in this regard. Read further on Dynamite News:

The Hindu

NHAI asks Paytm FASTag users to procure new one from another bank by March 15

NHAI advises Paytm FASTag users to switch banks before March 15 to avoid toll plaza inconvenience and penalties.