Owler Reports - Paytm: Paytm Ends 2023 On A Sombre Note: Can …

Paytm: Paytm Ends 2023 On A Sombre Note: Can The Fintech Juggernaut Turn The Tide In 2024? After its muted debut on the Indian bourses in 2021, the Paytm stock continued to get …

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Paytm Update: A Day-by-day Account Of India's Leading FinTech’s ...

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Feb 3, 2024 · Day Thirty. SoftBank has offloaded a 2% stake in Paytm. Vijay Shekhar Sharma stepped down from PPBL board on February 26th. Paytm Payments Bank reconstitutes its …

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The Rise And Stunning Fall Of Paytm, Which Once Had India’s Largest …

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Mar 10, 2024 · The IPO was the last bit of good news Paytm would have. The company has yet to make a profit. Shares in One97 are down over 70% since its debut.

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Paytm Ends 2023 On A Sombre Note: Can The Fintech Juggernaut …

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After its muted debut on the Indian bourses in 2021, the Paytm stock continued to get beaten in 2022, plunging as much as 60% during the year. Amid the bloodbath in new-age tech stocks, …

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Paytm Q3: Losses Narrow; Revenues Up 38% Year-on-year

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One 97 Communications reports narrowing losses to Rs 221 crore in Q3 2023. Revenue from operations increased to Rs 2,850 crore, with 38% YoY rise. Paytm focuses on acquiring …

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FAQs about Owler Reports - Paytm: Paytm Ends 2023 On A Sombre Note: Can … Coupon?

How did Paytm perform in Q3 2023?

One 97 Communications reports narrowing losses to Rs 221 crore in Q3 2023. Revenue from operations increased to Rs 2,850 crore, with 38% YoY rise. Paytm focuses on acquiring leadership, introducing new use cases, and extending offerings in financial services. It plans to invest Rs 100 crore in GIFT City for cross-border remittances. ...

Will Paytm's growth slow down in 2022?

While Vijay Shekhar Sharma is aiming to make the company operationally profitable in a year, brokerages opine that Paytm’s growth will slow down and the path to profitability could get stretched further After its muted debut on the Indian bourses in 2021, the Paytm stock continued to get beaten in 2022, plunging as much as 60% during the year. ...

How many employees did Paytm sacked before stepping into 2024?

Amid all these, Paytm sacked over 1,000 employees a few days before stepping into 2024, citing the increased usage of AI-led automation. However, the company also claimed that its core payments business may see an increase of 15,000 employees in the coming year. This also coincided with Sharma upping his stake in the company. ...

What happened to Paytm Payments Bank?

Paytm Payments Bank reconstitutes its board. RBI releases FAQ on Paytm Payments Bank and extends ban from February 29, 2024 to March 15, 2024, foreign brokerage firm Bernstein gives 'outperform' call to the fintech major and Paytm announces partnership with Axis Bank. Further, IHMCL removes PPBL from list of banks authorised to issue FASTag. ...

Did Paytm lose 4 percent on February 15?

Paytm shares lost 4 percent on February 15, a day after bourses revised the circuit on counter to 5 percent from 10 percent earlier. In an exchange filing addressed to BSE and NSE, Paytm has denied all reports of a FEMA case being filed against the company by ED. ...

When will Paytm nodal accounts be terminated?

The Nodal Accounts of One97 Communications Ltd and Paytm Payments Services Ltd. are to be terminated at the earliest, in any case not later than February 29, 2024. Paytm stock closed at Rs 761 on January 31 on the Bombay Stock Exchange (BSE). Vijay Shekhar Sharma held 9.11 per cent stake in Paytm at the end of December quarter. ...