Paytm share price increased by nearly 5% after announcing a sale of its entertainment and ticketing division to meal delivery service Zomato for ₹2,048 crore. Paytm shares increased 5.47% to ₹604.45, while Zomato shares increased 2.71% to ₹267.00 on the BSE. One 97 Communications, the parent company of finance giant Paytm, has agreed to sell…
Paytm shares: One97 Communications fell more than 3.31 percent to Rs 444.30 on Monday, bringing its total market capitalization below Rs 29,000 crore. Shares of One97 Communications, the parent company of fintech player Paytm, fell another 3% during the trading session on Monday, continuing its weakness following the release of June 2024 quarter earnings on…
Today’s Stock Market: Since the Reserve Bank of India took action against One 97 Communications (Paytm), the share price of the payment bank has dropped by more than 40%. In its primary business sectors, One 97 Communications (Paytm) is anticipated to announce a notable drop in revenue for the quarter ending in June 2024. Indeed…
Varun Sridhar: Paytm Money, a subsidiary of One97 Communications, is expected to name Rakesh Singh, former CEO of Fisdom’s broking division, as its new CEO following Varun Sridhar’s resignation. This information comes from two sources. The official appointment of Rakesh Singh awaits a board meeting, which is likely to occur within a week, according to…
Paytm: On March 19, One 97 Communications, the parent company of Paytm, saw its share price rise nearly 5% from the previous session. In just three days, the stock has risen by 14%. The payments company’s shares saw a huge increase when Yes Bank Securities upgraded it from “neutral” to “buy” and increased its target…
YES Bank shares: For three primary reasons, investors will be keeping an eye on the shares of YES Bank Ltd. Against the devastation in the mid-and small-cap counters, the private lenders have been finding it difficult to maintain momentum. Still, it has come back into the news due to a combination of factors. The National…
Jio Financial shares: Jio Financial Services Ltd’s shares extended their record run in trading on Tuesday. The stock surged 5.27 percent to an all-time high of Rs 374.50. It was last seen trading 3.44% higher at Rs 368. At this price, the stock has risen 35.79 percent in one month. Analysts mostly remained optimistic about…
Paytm Payments: The board of PPBL was reorganized earlier this week following the resignation of Vijay Shekhar Sharma as the bank’s part-time non-executive chairman. An administrator designated by the RBI may take over the management of unclaimed deposits and certain crucial areas of Paytm Payments Bank, which is in danger of losing its license after…
Sensex and Nifty: At around 10:00 am, the S&P BSE Sensex dropped 310.32 points to reach 72,832.48, while the NSE Nifty50 declined by 90.05 points to settle at 22,122.65. In short Nifty and Sensex open lower as IT stocks decline. Early trading sees a lot of volatility in markets. Paytm stock hits the upper circuit…
RBI said Paytm’s Card Machine, Soundbox, and QR code will work after March 15 RBI: To maintain the smooth flow of merchant settlements, One 97 Communications Limited has transitioned its nodal account to Axis Bank by establishing an Escrow Account. As pioneers of QR and mobile payments in India, Paytm has forged a robust digital…
