India’s digital payment market is rapidly expanding, driven by increasing smartphone usage, internet penetration, and government initiatives like Digital India and the introduction of UPI (Unified Payments Interface). With a large, tech-savvy population, the market has immense growth potential, especially in rural areas where digital adoption is gaining momentum. The rise of e-commerce, mobile wallets, [...]
In Thursday’s trading session, the shares of a company that owns the brand India’s leading payments and financial services distribution company ‘Paytm’ surged 5.5 percent to Rs. 604.45 on BSE, after the company agreed to sell its Entertainment Ticketing business to Zomato for Rs. 2,048 crore cash. With a market capitalisation of Rs. 36,595.3 crores, [...]
The share price of this prominent E-commerce firm gained by 9 percent to an Intraday high of Rs 438.95 per share on Thursday after the company partnered with Samsung to Bring Travel & Entertainment Services to Samsung Wallet in India. With a market capitalization of Rs 27,545.71 crores, at 12:03 pm, the shares of One [...]
Share price of India’s leading payments app moved down by nearly 20 percent to Rs. 609 on Thursday and hit a lower circuit after the company received a notice from the Reserve Bank of India (RBI) on January 31st. With a market cap of Rs. 38,663 crore, Paytm Payments Bank Limited opened at Rs. 609, [...]
Foreign Institutional Investors (FIIs) are those who actively participate in the financial markets of countries other than their own. FIIs aggregate money from various investors and other entities and then invest it in different financial assets. Whenever foreign investors like Goldman Sachs, Morgan Stanley, HSBC, and others buy or sell the shares of Indian companies, [...]
The shares of one of the leading payment aggregators hit a 20 percent lower circuit following its decision to concentrate on higher ticket loans and reduce disbursement of loans under Rs. 50,000, which gave a negative sentiment to the investors as they believe it is not good for the business. In the day’s opening on [...]
One 97 Communications Ltd (“Paytm”) is up 6.95% on Monday after the announcement of Founder, Managing Director and CEO of Paytm - Vijay Shekhar Sharma (“Mr. Sharma'') entering to a definitive agreement on 7th August with Antfin, netherlands to acquire 10.38% stake, wherein Antfin will transfer 65,335,101 shares of the company in a non cash [...]
Shares of One97 Communications (Paytm) were upbeat on Monday, after brokerages projected up to 59% upside in its share price, following an update about its March quarter earnings and business updates for April. Continuing their gaining streak to the 6th session, the company’s shares shot up 5.41% on Monday to reach an intraday high of [...]
One97 Communications parent company of Paytm saw its shares gain more than 10 percent for the second session straight on Tuesday as it was trading at around Rs 612 levels. On Monday the scrip closed 5 percent higher. The buying revived after the company posted its Q3 results. In Q3FY23, Paytm reported a total revenue [...]
Paytm’s (One 97 Communications Ltd) shares slumped to reach a 52-week low of ₹ 483.20 apiece on Wednesday. Its shares have lost 18.26% in the past five days. While SoftBank divested a stake, three FPIs bought a stake. This buoyed its share price. However, its shares are reeling under pressure again. The digital payments giant’s [...]
