Search Results for: PAYTM

Paytm sells entertainment ticketing business to Zomato for Rs 2,048 crore

Zomato clocks over 30 pc net profit loss in Q2, to raise Rs 8,500 crore via QIP

Online food aggregator Zomato on Tuesday reported over 30 per cent loss in net profit at Rs 176 crore (quarter-on-quarter) in the July-September period, from Rs 253 crore in the previous quarter (Q1 FY25).

Oct 22, 2024

UPI Transaction Volume Jumps 52% to 78.97 Billion, Value Exceeds ₹116 Lakh Crore

The unified payments interface (UPI)-based transactions volume surged 52 per cent to 78.97 billion in the first half this year (H1 2024), from 51.9 billion in the same period last year

Oct 10, 2024

Shaktikanta Das 25th governor of the Reserve Bank of India (RBI)

RBI Increases Limits for UPI 123Pay and UPI Lite Transactions

The Reserve Bank of India (RBI) has increased the pre-transaction limits for UPI 123Pay and UPI Lite payment mechanisms. Users can now conduct low-value UPI transactions of up to Rs 1,000 without entering the PIN, up from the previous limit of Rs 500.

Oct 9, 2024

International cricket revives in J&K: Over 100 stars set to shine in Srinagar for Legends League

Veteran cricketer Mohammad Kaif is excited to play in Srinagar during the Legends League.

Sep 12, 2024

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Demat accounts rise to 171 million in August, up 4 million

India's total demat accounts continue to rise, with over four million new ones added in August, as per the depositories' data.

Sep 6, 2024

Adani Enterprises to launch maiden Rs 800 crore retail bond issue on September 4

Adani Enterprises to launch maiden retail bond issue on Sept 4 to raise Rs 800 crore

Adani Enterprises Limited (AEL) on Thursday announced the launch of its maiden public non-convertible debenture (NCD) issue on September 4, with plans to raise up to Rs 800 crore.

Aug 29, 2024

SEBI Issues Notices to Paytm CEO Vijay Shekhar Sharma Over Alleged IPO Irregularities

SEBI has issued notices to Paytm CEO, Vijay Shekhar Sharma, over alleged IPO irregularities. The allegations include misrepresentation of facts and non-compliance with promoter classification norms.

Aug 26, 2024

Zomato Acquires Paytm's Entertainment Ticketing Business in Rs 2,048 Crore Deal

Paytm, has announced the sale of its entertainment ticketing business to food aggregator Zomato. The deal, valued at Rs 2,048 crore, is a cash transaction and marks a strategic shift for Paytm as it seeks to concentrate on its core payments and financial services distribution.

Aug 22, 2024

RBI to end scam by fake loan apps, public repository to be created for digital lending apps

To address the problems arising from unauthorised digital lending apps (DLAs), the Reserve Bank proposes to create a public repository of DLAs deployed by its regulated entities to help consumers verify a digital lender.

Aug 8, 2024

RBI hikes limit for tax payments via UPI from Rs 1 lakh to Rs 5 lakh

The Reserve Bank has decided to enhance the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction.

Aug 8, 2024

Karnataka launches Cybersecurity Policy 2024 to combat rising crimes

Karnataka takes plunge, launches Cyber Security Policy 2024 to combat rising crimes

The Karnataka government on Thursday launched a comprehensive Cyber Security Policy 2024 to combat rising levels of cyber-crimes and promote awareness to protect the state's digital infrastructure.

Aug 1, 2024

Indian-origin hacker gets 51 months jail for computer fraud in US

Muzaffarpur businessman cheated by cyber criminals of Rs 89.90 lakh

Cyber cheats defrauded a Muzaffarpur businessman of Rs 89.90 lakh by alleging his involvement in a money laundering case, an official said on Saturday. The complainant has lodged an FIR in the Muzaffarpur cyber police station and the matter is under investigation by Bihar Police's cyber cell.

Jul 27, 2024

Paytm share price sees positive momentum, as firm announces Q1 FY25 results

In a wider trend when stock prices of domestic technology majors are down by 2-2.7 per cent, One 97 Communications, the parent company that operates the brand Paytm, has seen an upward trend, after the firm announced its financial results for the first quarter of FY 2025.

Jul 20, 2024

India and ASEAN Unite for Cross-Border Payments

The Reserve Bank of India (RBI) has made a significant stride towards financial integration by collaborating with four ASEAN countries to establish a platform for instantaneous cross-border retail payments.

Jul 1, 2024

India has potential to create over 10 crore new jobs by 2030: PHDCCI

India holds the potential to create more than 10 crore new jobs by 2030, as the economy is likely to add $3.3 trillion to the GDP by the same time frame, industry body PHD Chamber of Commerce and Industry (PHDCCI) said on Tuesday.

Jun 11, 2024

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