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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...

Alibaba sells nearly half of its direct stake in Paytm at Rs 535.9 per share

Chinese group Alibaba sold 2,59,930 shares of Paytm at Rs 535.90 worth Rs 13.93 crore New Delhi: Chinese conglomerate Alibaba is learnt to have sold a 3.1 per cent stake - nearly half of its direct shareholding -...

Alibaba sells nearly half of its direct stake in Paytm at Rs 535.9 per share

Alibaba group firm Ant Financial has not diluted its stake in Paytm and continues to hold 25 per cent of the company New Delhi: Chinese conglomerate Alibaba is learnt to have sold a 3.1 per cent stake - nearly half...

India’s Most Innovative Digital Commerce Brands & Companies Honoured at IMAGES eCommerce Awards 2022

JioMart, Myntra, Head Up for Tails, Plum Goodness, Uber, Marks & Spencer, IIFL Securities and Paytm among India’s Digital Commerce Leaders at the Images E-commerce Awards 2022 Bengaluru: Some of India’s most exciting e-commerce companies and brands were honoured late...

Paytm can’t use IPO proceeds for buyback; co’s strong liquidity to be used

Paytm's recent numbers showed revenue surging by 76 per cent year-on-year and the losses narrowing by 11 per cent quarter-on-quarter New Delhi: One 97 Communications Ltd, the operator of India's largest digital payments provider Paytm, cannot use proceeds of its mega...

RBI pauses onboarding of online merchants by Paytm Payments Services; firm says no material impact on biz

Paytm will not onboard new online merchants till the time approvals from RBI remain pending. It will, however, onboard new offline merchants and offer them payment services New Delhi: Banking regulator Reserve Bank of India (RBI) has put a pause on...

Paytm Commerce turns operationally profitable: Analyst

Revenue from its commerce business increased 49 per cent y-o-y due to higher ticketing sales. One97 Communications, which owns the Paytm brand, has set a target to post operating profit by September 2023 New Delhi: Financial services firm One97 Communications’ commerce...

Teamonk Global’s specialty teas sales peak during COVID-19 on the back of global consciousness for healthy lifestyle

Tea solidifies its position as a cup of good health. Teamonk Global today announced that it has recorded a significant increase in sales in the second half of 2020  during Covid-19 on the back of global demand for healthy...

20% Paytm staff to continue WFH post-pandemic, hiring from smaller towns to increase

Paytm has doubled down on its efforts to hire staff from smaller towns and allow them to continue working from those locations even after the pandemic situation eases, founder Vijay Shekhar Sharma said. "We figured out that we could now recruit from cities...

India’s retail sector to witness next wave of growth in unorganised segment driven by technology

Despite the exponential growth of e-commerce and digital retail stores, India’s retail sector is still mostly unorganized, particularly in non-metropolitan areas. During the government-imposed lockdown due to COVID-19 pandemic, organized retailers of non-essential goods registered steep losses. However, technology...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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