Photo: The New Indian Express
Chinese Loan App Case: ED Freezes Rs 46.67 Crore Kept In Paytm, Razorpay, Cashfree & More
In connection to the Chinese loan app case, the Enforcement Directorate (ED) on September 16, froze Rs 46.67 crore kept in various bank and virtual accounts including Paytm, Razorpay, Cashfree and Easebuzz. The probe in the aforementioned case commenced following an FIR registered on October 8, 2021. Furthermore, ED carried various searches at Delhi, Mumbai, Ghaziabad, Lucknow and Gaya on September 15, under Prevention of Money Laundering Act… read-more
Tags: ED, Chinese Loan App Case, Boycott China, Paytm, Razorpay
Courtesy: ANI
Photo: VCCircle
Paytm Shares Fell 6.2% On Regulatory Concerns, Suspicions About CEO Reappointment
Paytm's shares declined 6.2% on August 12 due to a proxy advisory firm's resistance to the company's CEO reappointment and central bank's recommendations for digital lending applications. Institutional Investor Advisory Services opposes reappointment of Vijay Shekhar Sharma as CEO and managing director. IIAS also expressed worry that… read-more
Tags: Paytm, Shares, CEO, Reappointment, Digital Payment App
Courtesy: DNA INDIA
Photo: Business Standard
Paytm Partners With Piramal Financing Company To Provide Digital Loans
Paytm parent One97 Communications announced to join hands with Piramal Capital & Housing Finance Ltd, aiming for an expansion in the distribution of merchant loans. The amount will be beneficial to the small cities and towns of India, with over 300 Indian branches. It will also help drive financial inclusion by bringing access to credit to small businesses and retailers, the digital payments firm says in an exchange filing.
Tags: Digital Payments, Paytm, Piramal Finance, loans and interests, Partnership
Courtesy: Fortune India
Photo: Telegraph India
Paytm Data Leak Revealed 3.4 Million Customers' Personal Information In 2020: Report
Paytm had a significant data breach in 2020, exposing the personal information of around 3.4 million customers, according to a report by cyber-security firm Firefox Monitor. On August 30, 2020, the data was leaked, revealing information such as phone numbers, email addresses, dates of birth, gender, geographic locations, income levels, names… read-more
Tags: Paytm, Data Breach, Personal Information, Firefox monitor, Report
Courtesy: DNA INDIA
Photo: DTNEXT
No Harm Caused To Any Person Or Property, Says Paytm Spokesperson
Paytm Co-Founder Vijay Shekhar Sharma, was arrested and is out on bail under a road accident case, ramming South Delhi's DSP official vehicle. As per the media reports, a complaint was filed on February 22 about the road accident, but later it was found that Sharma wasn't driving. However, Paytm Spokesperson said, "A complaint was filed… No harm caused to any person or property in the said incident."
Tags: Paytm, co-founder, Vijay Shekhar Sharma, Bail, Police
Courtesy: ANI
Photo: NDTV
Paytm Founder Arrested For Ramming DCP's Car, Released On Bail: Delhi
The Delhi Police arrested Paytm CEO Vijay Shekhar Sharma for allegedly ramming DCP's car on Aurobindo Marg and later granted bail. He was arrested for negligent and rash driving, outside The Mother's International School, after he hit his Jaguar Land Rover to DCP Benita Mary Jaiker’s vehicle and fled away on February 22. Recently, DCP's driver Deepak reported the accident to the DCP, following which a case was registered.
Tags: Paytm, arrested, Deputy Commissioner of Police, south delhi, Vijay Shekhar Sharma
Courtesy: India Today
Photo: Asianet News
RBI Directs Paytm Payment Banks To Stop Onboarding New Customers
The RBI under section 35A of the Banking Regulation Act, directed Paytm payment banks to stop onboarding new Paytm customers. The decision was in the view of certain supervisory material concerns observed in banks, on March 11. Furthermore, banks were asked to conduct comprehensive system audit of IT firms, read a RBI release. Notably, a final decision over new Paytm customers will be taken after IT reviews by the RBI.
Tags: Reserve bank of India, Paytm, paytm payments bank, IT audit, Banks
Courtesy: Business Line
Photo: Nvshq
Paytm Launches Largest IPO On BSE; Falls In Red At Initial Minutes
One97 communication, the parental company of Paytm, launched India's Largest Initial Public Offering (IPO) on November 18 on the Bombay Stock Exchange (BSE). According to reports, amid the weak market sentiments, immediately after the launch, the shares of Paytm traded in the red zone and fell over 20 percent within minutes of trading. The IPO of the company was launched with a value estimated to be Rs 18,300 crores, reports.
Tags: Paytm, IPOs, BSE SENSEX, Stock market, India
Courtesy: ANI
Photo: Tech in Asia
Inspiring Story Of Paytm Founder; India's Youngest Billionaire In 2017
Paytm founder and CEO, Vijay Shekhar Sharma, once a bachelor has now become a billionaire. Reportedly, he used to take home Rs 10,000 a month as salary, when he was 27. He became India's youngest billionaire in 2017. Furthermore, Paytm led by Sharma (43) recorded its Initial Public Offering (IPO) at $2.5 billion last week. Furthermore, he told Reuters, "In… read-more
Tags: Paytm, IPO, Indian Billionaires, Forbes, Human Interest stories
Courtesy: Reuters
Photo: Business Standard
Employees Can Choose Between Work From Home & Office, Says Paytm
Giving the biggest relief to its employee, Paytm has announced that the company's workers won't be forced to come office. Announcing the development, the company's founder Vijay Shekhar Sharm said we've opted for a ''100% flexible work pattern''. Besides, the company is set to launch its Initial Public Offer (IPO) on November 8, closing on November 10. The company has planned to raise Rs 18,300 crore through its IPO.
Tags: Paytm, Work From Home, Work From Office, Covid-19, IPO
Courtesy: Zee News
