One97 Communications
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Paytm takes strategic measures amid PPBL crisis: Discontinues inter-company agreements
Business | Mar 01, 2024, 10:00 AM ISTAmid regulatory pressure from the Reserve Bank of India (RBI), Paytm's parent company, One 97 Communications, has taken decisive steps to sever inter-company agreements with Paytm Payments Bank Limited (PPBL).
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Paytm Q3 loss declines to Rs 220 crore, revenue surges 38 per cent
Business | Jan 19, 2024, 06:08 PM ISTOne 97 Communications' consolidated revenue for the quarter rose by 38 per cent, reaching Rs 2,851 crore compared to Rs 2,062 crore in the same period a year earlier.
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Paytm Money gets Rs 40 cr from One97 Communications
Business | Sep 16, 2019, 08:57 PM ISTPaytm Money Managing Director and CEO Pravin Jadhav said: "We continue to be a wholly-owned subsidiary of One97 Communications, and over the next 18-24 months expect investments of Rs 250 crore from Paytm".
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Paytm Mall reports Rs 13 cr loss for 2016-17, brushes it off as growth pangs
Business | Oct 10, 2017, 02:21 PM ISTThese are the initial years for Paytm Mall and we have a long-term perspective on building a successful tech business, a Paytm Mall spokesperson said.
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Paytm in talks to acquire Snapdeal’s payment wallet business Freecharge
Jun 01, 2017, 01:50 PM ISTSnapdeal had acquired FreeCharge in 2015 for an estimated Rs 2,400 crore in a stock-cash deal
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Paytm employees make most of surge in valuation, sell shares worth Rs 100 cr in past few weeks
Mar 23, 2017, 11:31 AM ISTPaytm has seen a steep surge in its valuation following the government's drive to transform India into a cashless society
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Jack Ma’s Alibaba takes 62 pc stake in Paytm with Rs 1,200 cr funding
Mar 03, 2017, 11:35 AM ISTThe move pits Alibaba directly in competition with Amazon and Flipkart for a share in the Indian digital commerce market
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Paytm founder sells 1 per cent share in One97 Communications for Rs 325 cr
Dec 09, 2016, 07:14 PM ISTVijay Shekhar Sharma, the Paytm founder, has sold one per cent of his shares in One97 Communications to its shareholders for about Rs 325 crore.
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Alibaba eyes Rs 3,150 crore stake in Paytm parent One97
Jan 12, 2015, 10:45 AM ISTNew Delhi: China's Alibaba Group Holding and its unit Alipay are in advanced talks to buy a stake for about $550 million (Rs 3,150 crore) in India's One97 Communications, which owns Paytm, an e-commerce payment