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SEBI Pulls Up Paytm Founder, Director on IPO Breaches: Report
- Tuesday August 27, 2024
- Reuters
Paytm founder Vijay Shekhar Sharma and other board members who held roles during the firm's November 2021 IPO over alleged misrepresentation of facts. SEBI alleged that grant of 21 million employee stock options (ESOPs) to Sharma were in violation of its rules on grant of shares-based employee benefits.
- www.gadgets360.com
-
Paytm Signals Job Cuts, Asset Sales After Hit From India Probe
- Wednesday May 22, 2024
- Sankalp Phartiyal, Bloomberg
Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer’s business.
- www.gadgets360.com
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Paytm Payments Bank Said to Cut About 20 Percent of Staff as Business Halt Looms
- Thursday March 14, 2024
- Reuters
Indian digital payments firm Paytm plans to cut close to 20 percent of staff at its banking unit amid uncertainty over the unit's future due to a looming central bank deadline for it to halt most operations, two sources said.
- www.gadgets360.com
-
Paytm Terminates Some Ties With Troubled Payments Bank Unit
- Friday March 1, 2024
- Reuters
Payments firm Paytm on Friday cut some ties with its payments bank unit, which India's banking regulator has ordered to be wound down, in its latest attempt to address compliance concerns that triggered a meltdown in its shares last month.
- www.gadgets360.com
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Enforcement Directorate Said to Have Not Yet Found Forex Breaches at Paytm Payments Bank
- Monday February 19, 2024
- Reuters
An investigation into possible foreign exchange violations at Paytm Payments bank by India's financial crime fighting agency has not yet found any breaches, a government source directly aware of the matter said on Monday.
- www.gadgets360.com
-
"Today. Tomorrow. Always": Paytm Founder's Post Amid RBI Clampdown
- Monday February 19, 2024
- India News | NDTV News Desk
Amid growing concern over Paytm operations, its founder assured users that the digital payment app will keep working "today, tomorrow, always." In a post on X, Vijay Shekhar Sharma shared a full-page newspaper advertisement.
- www.ndtv.com
-
Paytm Shares Jump After Reports On CEO's Met With RBI, Finance Minister
- Wednesday February 7, 2024
- India News | Reuters
Paytm shares climbed as much as 10% on Wednesday after media reported that the embattled digital payments firm's CEO had met Finance Minister Nirmala Sitharaman and the RBI to try to resolve a regulatory crackdown on its payments bank business.
- www.ndtv.com
-
Paytm Shares Falls 36% In 2 Days Amid Concerns Over RBI Order
- Friday February 2, 2024
- Business News | Reuters
Shares of digital payments firm Paytm tumbled 20% on Friday after a central bank clampdown on its payments bank continued to weigh on investor sentiment despite the company's attempts to assuage fears of a hit to its business.
- www.ndtv.com
-
"Your Money Is Safe": Paytm Payments Bank To Customers After RBI Curbs
- Friday February 2, 2024
- India News | Edited by Pushkar Tiwari
The Paytm Payments Bank on Friday assured its customers that their "money is safe" with the company, two days after the Reserve Bank of India (RBI) issued a directive restricting it from accepting new deposits or allowing credit transactions.
- www.ndtv.com
-
After RBI Clampdown, Paytm Shares Important Updates For Its Users
- Thursday February 1, 2024
- India News | Edited by Anjali Thakur
Following RBI restrictions on its mobile wallet, Paytm addressed user concerns through an FAQ.
- www.ndtv.com
-
"End Of Paytm Payments Bank, For All Practical Purposes," Say Analysts
- Thursday February 1, 2024
- India News | Agence France-Presse
Shares in mobile payments giant Paytm nosedived Thursday after regulators ordered its banking arm to stop accepting fresh deposits, dealing a fresh blow to the fintech firm after years of losses.
- www.ndtv.com
-
Paytm Shares Important Update For Its FASTag Users: "You Can Continue..."
- Thursday February 1, 2024
- India News | Edited by Amit Chaturvedi
The Reserve Bank of India has asked Paytm to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other instruments after February 29.
- www.ndtv.com
-
Paytm Shares Drop After RBI Action Against Payments Bank, Trigger Meme Fest
- Thursday February 1, 2024
- India News | NDTV News Desk
Digital payments firm Paytm lost a fifth of its market value on Thursday after the Reserve Bank of India (RBI) directed its associate Paytm Payments Bank to halt its business, sparking a meme fest on the internet.
- www.ndtv.com
-
Paytm Shares Hit Hard By RBI Action Against Payments Bank, Plunge 20%
- Thursday February 1, 2024
- India News | Edited by Pushkar Tiwari
Shares of fintech company Paytm plunged 20% in pre-open trade on Thursday, a day after the Reserve Bank of India (RBI) announced to halt business at its associate Paytm Payments Bank.
- www.ndtv.com
-
Amid Layoffs, Paytm CEO Shares 2024 To-Do List Featuring Big AI Upgrades
- Tuesday December 26, 2023
- India News | Edited by Divyam Sharma
Fintech giant Paytm's parent company, One97 Communication, has laid off 100s of employees across verticals due to the firm's implementation of Artificial Intelligence (AI) to bring automation in its process and ensure cost-cutting.
- www.ndtv.com
-
SEBI Pulls Up Paytm Founder, Director on IPO Breaches: Report
- Tuesday August 27, 2024
- Reuters
Paytm founder Vijay Shekhar Sharma and other board members who held roles during the firm's November 2021 IPO over alleged misrepresentation of facts. SEBI alleged that grant of 21 million employee stock options (ESOPs) to Sharma were in violation of its rules on grant of shares-based employee benefits.
- www.gadgets360.com
-
Paytm Signals Job Cuts, Asset Sales After Hit From India Probe
- Wednesday May 22, 2024
- Sankalp Phartiyal, Bloomberg
Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer’s business.
- www.gadgets360.com
-
Paytm Payments Bank Said to Cut About 20 Percent of Staff as Business Halt Looms
- Thursday March 14, 2024
- Reuters
Indian digital payments firm Paytm plans to cut close to 20 percent of staff at its banking unit amid uncertainty over the unit's future due to a looming central bank deadline for it to halt most operations, two sources said.
- www.gadgets360.com
-
Paytm Terminates Some Ties With Troubled Payments Bank Unit
- Friday March 1, 2024
- Reuters
Payments firm Paytm on Friday cut some ties with its payments bank unit, which India's banking regulator has ordered to be wound down, in its latest attempt to address compliance concerns that triggered a meltdown in its shares last month.
- www.gadgets360.com
-
Enforcement Directorate Said to Have Not Yet Found Forex Breaches at Paytm Payments Bank
- Monday February 19, 2024
- Reuters
An investigation into possible foreign exchange violations at Paytm Payments bank by India's financial crime fighting agency has not yet found any breaches, a government source directly aware of the matter said on Monday.
- www.gadgets360.com
-
"Today. Tomorrow. Always": Paytm Founder's Post Amid RBI Clampdown
- Monday February 19, 2024
- India News | NDTV News Desk
Amid growing concern over Paytm operations, its founder assured users that the digital payment app will keep working "today, tomorrow, always." In a post on X, Vijay Shekhar Sharma shared a full-page newspaper advertisement.
- www.ndtv.com
-
Paytm Shares Jump After Reports On CEO's Met With RBI, Finance Minister
- Wednesday February 7, 2024
- India News | Reuters
Paytm shares climbed as much as 10% on Wednesday after media reported that the embattled digital payments firm's CEO had met Finance Minister Nirmala Sitharaman and the RBI to try to resolve a regulatory crackdown on its payments bank business.
- www.ndtv.com
-
Paytm Shares Falls 36% In 2 Days Amid Concerns Over RBI Order
- Friday February 2, 2024
- Business News | Reuters
Shares of digital payments firm Paytm tumbled 20% on Friday after a central bank clampdown on its payments bank continued to weigh on investor sentiment despite the company's attempts to assuage fears of a hit to its business.
- www.ndtv.com
-
"Your Money Is Safe": Paytm Payments Bank To Customers After RBI Curbs
- Friday February 2, 2024
- India News | Edited by Pushkar Tiwari
The Paytm Payments Bank on Friday assured its customers that their "money is safe" with the company, two days after the Reserve Bank of India (RBI) issued a directive restricting it from accepting new deposits or allowing credit transactions.
- www.ndtv.com
-
After RBI Clampdown, Paytm Shares Important Updates For Its Users
- Thursday February 1, 2024
- India News | Edited by Anjali Thakur
Following RBI restrictions on its mobile wallet, Paytm addressed user concerns through an FAQ.
- www.ndtv.com
-
"End Of Paytm Payments Bank, For All Practical Purposes," Say Analysts
- Thursday February 1, 2024
- India News | Agence France-Presse
Shares in mobile payments giant Paytm nosedived Thursday after regulators ordered its banking arm to stop accepting fresh deposits, dealing a fresh blow to the fintech firm after years of losses.
- www.ndtv.com
-
Paytm Shares Important Update For Its FASTag Users: "You Can Continue..."
- Thursday February 1, 2024
- India News | Edited by Amit Chaturvedi
The Reserve Bank of India has asked Paytm to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other instruments after February 29.
- www.ndtv.com
-
Paytm Shares Drop After RBI Action Against Payments Bank, Trigger Meme Fest
- Thursday February 1, 2024
- India News | NDTV News Desk
Digital payments firm Paytm lost a fifth of its market value on Thursday after the Reserve Bank of India (RBI) directed its associate Paytm Payments Bank to halt its business, sparking a meme fest on the internet.
- www.ndtv.com
-
Paytm Shares Hit Hard By RBI Action Against Payments Bank, Plunge 20%
- Thursday February 1, 2024
- India News | Edited by Pushkar Tiwari
Shares of fintech company Paytm plunged 20% in pre-open trade on Thursday, a day after the Reserve Bank of India (RBI) announced to halt business at its associate Paytm Payments Bank.
- www.ndtv.com
-
Amid Layoffs, Paytm CEO Shares 2024 To-Do List Featuring Big AI Upgrades
- Tuesday December 26, 2023
- India News | Edited by Divyam Sharma
Fintech giant Paytm's parent company, One97 Communication, has laid off 100s of employees across verticals due to the firm's implementation of Artificial Intelligence (AI) to bring automation in its process and ensure cost-cutting.
- www.ndtv.com