Paytm

SoftBank To Sell One-third Of Its Stake Via Block Deal

SoftBank To Sell One-third Of Its Stake Via Block Deal

Japan-based SoftBank is to sell its stake of One97 Communication, owner of Paytm, worth $200 billion through a block deal on Thursday.  BofA Securities, Bank of America, is the deal’s banker. SoftBank has offered to sell shares in the price band of Rs 555-601 single piece. At the lower end of the band, it is a…

One97 Communication Approved Re-appointment Of Vijay Shekhar Sharma 

One97 Communication Approved Re-appointment Of Vijay Shekhar Sharma 

The shareholders of One97 Communications, a brand that operates under Paytm, have approved the re-appointment of Vijay Shekhar Sharma as managing director and chief executive officer of the company.  IiAS, an investors advisory firm, said that Vijay made several commitments in the past to make the company profitable; however, these have not played out.  According…

Out Of 100 India’s Unicorns, Only 18 Have Yielded Profit

Out Of 100 India’s Unicorns, Only 18 Have Yielded Profit

Google-backed neobank Open became the 100th unicorn of India with a $1 billion valuation. There are a total of 100 unicorns in India, including Mamaearth, EaseMyTrip, Ola, and Flipkart to name a few. But how many of these are profitable?  According to the statistics from the media portal, only 18 unicorns have achieved profitability. Reports…

‘No Chance Of Data Leak’ Stated Paytm Payments Bank 

‘No Chance Of Data Leak’ Stated Paytm Payments Bank 

Recent reports have increased the trouble of digital payment giant, ‘Paytm’, stating that they are leaking data of their customers to Chinese firms. RBI has restricted the Paytm Payments Bank to include new customers, due to the reports that suggest data leaks from Paytm to Chinese firms. The Reserve Bank Of India has also called…

RBI Has Changed Online Payment Rules- Effective From New Year

RBI Has Changed Online Payment Rules- Effective From New Year

Reserve Bank of India has Announced Changing the Guidelines for Merchants and Gateways. The Revised Online Payment Rules Will Be in Effect from January 1. Read This Post To Know Everything About Newly Amended Rules.  With a bounce in digital payments in India, the chances of fraud have also increased. Online transactions are always prone…

Indian Fintech Firm Razorpay Raises $375 Million; Valuation Gets Double

Indian Fintech Firm Razorpay Raises $375 Million; Valuation Gets Double

Indian fintech giant Razorpay has doubled its valuation from $3 billion in April to $7.5 billion to become India’s fastest-growing fintech firm. It raised $375 million in the first round of its series F funding, co-sponsor by hedge and private equity firms Lone Pine Capital, Alkeon Capital, and TCV. With this fundraise, the company’s value…

Ranking The Top 10 Highest Paid CEOs in India Right Now

Ranking The Top 10 Highest Paid CEOs in India Right Now

Despite its religious, cultural, and linguistic diversity, India is incredible in many ways. It is the largest democracy on the planet, and its economy has been developing leap and bound since the last few decades. As a nation, it is home to the second-largest native population after China. However, the high population density has caused…