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One97 Communications

One97 Communications shares jump over 5% on narrowing loss in Jan-Mar of FY23

Operating under Paytm brand, One97 Communications jumped over 5% in morning trade on Monday New Delhi: Shares of digital financial services firm One97 Communications, which operates under the Paytm brand, jumped over 5 per cent in morning trade on Monday after...

Paytm clocks 40% GMV growth to Rs 3.62 lakh crore in March 2023 quarter

The company had recorded a total GMV of Rs 2.59 lakh crore a year ago in the same quarter New Delhi: Digital financial services firm One97 Communications, which operates under the Paytm brand, has recorded 40 per cent growth in...

Mamaearth’s parent company still in talks with Sebi on IPO; awaits approval

The clarification comes after certain media reported that the company has put its initial public offering (IPO) on hold amid weak market conditions New Delhi: Honasa Consumer Ltd, which owns FMCG brands Mamaearth and The Derma Co, on Monday said it...

Paytm completes share buyback worth Rs 850 cr

One97 Communications, which operates under the Paytm brand, has completed buyback of shares worth Rs 849.83 crore New Delhi: Digital financial services firm One97 Commuications, which operates under the Paytm brand, on Tuesday said it has completed buyback of shares worth...

Alibaba sells remaining direct stake in Paytm for Rs 1,378 cr

The e-commerce major divested its remaining 3.3 per cent direct stake in One97 Communications, which operates under the Paytm brand New Delhi: Chinese e-commerce major Alibaba on Friday divested its remaining 3.3 per cent direct stake in One97 Communications, which operates...

After Paytm, Alibaba's financial arm enters US with MoneyGram

In a bid to expand online payment business in the US after a successful run in India with Paytm, Chinese e-commerce giant Alibaba's digital payments arm Ant Financial has bought global money-transfer service MoneyGram for nearly $880 million. The transaction...

Adventz Group decides not to invest in Paytm

Saroj Poddar-controlled Adventz Group on Tuesday said it was approached for buying a minority stake in Paytm, but has decided against it. "We were approached by a few merchant bankers for a minority stake in Paytm. But we have decided...

Paytm to launch payments bank; gets approval from RBI

Paytm has received final approval of the Reserve Bank to formally launch its payments bank and it expects to start operations next month. According to a PTI report: Payments banks can accept deposits from individuals and small businesses of up...

Paytm gets fresh capital infusion from Mountain Capital

Paytm, India’s leading mobile payment and commerce platform, has announced that Mountain Capital will make an investment in the company. The fresh capital infusion will allow Paytm, the consumer brand of One97 Communications, to further accelerate and develop a vibrant mobile...

Paytm to raise $300million, valuation likely to hit $5bn

One97 Communications, which runs mobile payment and e-commerce platform Paytm, is in advanced talks to raise fresh funding of about Rs 2,000 crore ($300 million) as the company gears up to launch the payments bank and aims to boost...
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