The RBI has restricted Paytm Payment Banks from taking any further deposits or credit transactions which results in 55 per cent loss to the Paytm stocks One of the first unicorns of the Indian startup ecosystem, Paytm, which operates under the umbrella brand One97 Communication, was hit by an unexpected whip from the country’s central […]
The fintech platform PhonePe is likely to launch consumer lending on its platform by January 2024, according to a report from a leading media house. The Walmart-backed platform is expected to operate as a distributor for personal loans. The fintech is in the final stages of integration with five lenders from banks and non-banking financial […]
India’s leading payments and financial services company and pioneer of QR, Soundbox and mobile payments, Paytm has announced strong June quarter earnings driven by increase in merchants subscription revenues, merchant payment volumes and loan disbursals. In Q2FY24, the company’s revenue surged by 32 per cent YoY to Rs 2,519 crore and its EBITDA before ESOP […]
Paytm, India’s leading payments and financial services company and the pioneer of mobile and QR payments, has announced its business operating performance for July 2023. The company continues to strengthen its leadership in in-store payments with 82 Lakh devices deployed, a growth of 101 per cent YoY. The company has added 3.8 lakh devices in […]
The Board of Directors at rating agency Crisil Ltd declared an interim dividend of Rs 8 per share for the financial year ending December 2023, it informed exchanges through a stock filing. The decision was taken by its Board at its meeting held on Tuesday, where it also approved the unaudited financial results for the […]
Paytm, India’s leading payments and financial services company and the pioneer of mobile and QR payments, on Wednesday announced its business operating performance for Q1FY24. The company has achieved a new milestone in merchant payments with 79 Lakh devices deployed while the Gross Merchandise Value (GMV) for the quarter (for three months ended June 2023) […]
Aditya Birla Capital Limited (ABCL) said it has successfully completed a fund raise amounting to Rs 3,000 crore through a combination of a Qualified Institutional Placement (QIP) and preferential issuance. The company’s Stakeholders Relationship Committee of the Board of Directors approved the issuance and allotment of equity shares during a meeting held on 30 June […]
