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Paytm

Govt defers nod for Paytm's investment in its payments arm

TMT

16 April, 2024

Govt defers nod for Paytm's investment in its payments arm

India has deferred approval of Paytm’s 500 million rupee ($6 million) investment in its Paytm Payment Services arm in part ......

Paytm Payments Bank CEO Surinder Chawla resigns

Finance

09 April, 2024

Paytm Payments Bank CEO Surinder Chawla resigns

India's Paytm said on Tuesday that Surinder Chawla had resigned as the chief executive officer and managing director of its ......

Investors jittery as some Indian startups' fall from grace dwindles faith

TMT

22 March, 2024

Investors jittery as some Indian startups' fall from grace dwindles faith

India's economy and stock markets are booming, but its startups are not. Investors, once eager to pump in billions of dollars ......

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Separating fact from fiction: how many unicorns does India really have?

TMT

20 March, 2024

Separating fact from fiction: how many unicorns does India really have?

Last week, Perfios, a startup offering software-as-a-service (SaaS) solutions, entered the much-coveted unicorn club after raising $80 million from late-stage ......

Paytm Payments Bank to cut about 20% of staff as business halt looms

Finance

14 March, 2024

Paytm Payments Bank to cut about 20% of staff as business halt looms

Indian digital payments firm Paytm plans to cut close to 20% of staff at its banking unit amid uncertainty over ......

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SoftBank's biggest India bet turning out to be its worst nightmare

TMT

29 February, 2024

SoftBank's biggest India bet turning out to be its worst nightmare

Japanese tech investment goliath SoftBank, known for its big-ticket private equity investments in Indian internet companies and who was on ......

RBI moves to ensure continuity of UPI payments on Paytm

TMT

23 February, 2024

RBI moves to ensure continuity of UPI payments on Paytm

The Reserve Bank of India said on Friday it has asked the National Payments Corporation of India (NPCI) to examine ......

ED fails to find breaches in Paytm Payments Bank's overseas transactions so far

TMT

19 February, 2024

ED fails to find breaches in Paytm Payments Bank's overseas transactions so far

An investigation into possible foreign exchange violations at Patym Payments bank by India's financial crime fighting agency has not yet ......

Enforcement Directorate seeks overseas transaction details from Paytm Payments Bank

TMT

14 February, 2024

Enforcement Directorate seeks overseas transaction details from Paytm Payments Bank

India's financial crime fighting agency is seeking details on overseas transactions from Paytm Payments Bank, a unit of one of ......

Paytm shares hit fresh lows as Macquarie sees 'arduous' path for payments firm

Finance

13 February, 2024

Paytm shares hit fresh lows as Macquarie sees 'arduous' path for payments firm

Paytm's shares dropped 10% to a new record low on Tuesday, after brokerage Macquarie said the Indian payments firm faces ......