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The Latest Breaking News from Paytm

Paytm management gets Sebi show cause notice over timing of 2023 loan disclosure announcement

Paytm management has received a Sebi show-cause notice over the timing and classification of information disclosed in a December 2023 corporate announcement. The company said its key managerial personnel are evaluating the notice and will respond within 14 days. The development comes after Paytm reported strong Q1 FY27 earnings and…

The Economic Times

Paytm shares recover 410% from 2024 low, but will long-awaiting IPO investors finally see redemption?

Paytm shares have soared over 410 percent from their lowest levels, igniting hopes among investors that the stock will soon hit its initial public offering price. Bernstein's increased target price offers a promising outlook, suggesting a strong uptrend following a period of consolidation. The future of this recovery will hinge…

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Tuesday

Indian stock markets opened muted this week as global worries tempered investor sentiment. Strong first-quarter earnings provided some support, offsetting geopolitical tensions. Analysts noted softer US jobs data, shifting focus to inflation readings for rate direction.

The Economic Times

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Paytm shares jump 5% after Bernstein assigns target price above IPO price for first time

Paytm Share Price: Paytm shares rallied after Bernstein raised its target price to Rs 2,200, implying 52% upside, while retaining an Outperform rating. The target is the highest on the Street and the first above Paytm’s Rs 2,150 IPO price, with Bernstein factoring in UPI MDR from FY28.

The Economic Times

UPI MDR explained: What potential charges above Rs 2,000 payments on Paytm, GPay & other apps mean for you and merchants

Government proposes changes to the Payment and Settlement Systems Act. This could allow a Merchant Discount Rate on select UPI transactions. Payments above Rs 2,000 to large merchants are a possible focus. This aims to support the payment ecosystem's continued investment and growth. Everyday UPI payments and person-to-person transactions will…

The Economic Times

Market Trading Guide: Paytm among 2 stock recommendations for Wednesday

Markets ended lower after Monday’s rally as profit booking, heavyweight weakness and caution over the new closing auction mechanism weighed on sentiment. Analysts recommended buying Deepak Fertilisers and Paytm, citing strong technical setups, bullish momentum and favourable risk-reward for the near term.

The Economic Times

Paytm jumps over 4% after Rs 2,038-crore block deal; Saif Partners, Elevation Capital likely sellers

Paytm shares rose over 4% following a significant block deal. Early investors Saif Partners and Elevation Capital trimmed their holdings in the fintech firm. This secondary share sale involved approximately 2.3% of Paytm's outstanding equity. The company recently reported strong quarterly earnings with increased net profit. Paytm's board also approved…

The Economic Times

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Stocks in news: Paytm, LIC, Airtel, BSE and ONGC

Markets extended gains on Monday, driven by easing oil prices and strong quarterly earnings. Paytm's parent company sees investors selling shares worth up to Rs 2,002 crore. The government will offer shares in LIC to non-retail investors starting Tuesday. Airtel, ONGC, and BSE will announce their first quarter results today.…

The Economic Times

3 early investors to sell Paytm shares worth up to Rs 2,002 crore at 5% discount

Three early Paytm investors plan to sell shares worth up to Rs 2,002 crore through a block deal at a nearly 5% discount. The secondary transaction will not raise funds for the company and includes a 60-day post-sale lock-up for sellers.

The Economic Times

Paytm App and Paytm UPI payments working normally

Paytm confirms its app and UPI services are operating without any issues. The company reported its highest quarterly EBITDA in Q1 FY27. Operating revenue increased twenty-eight percent year-over-year to Rs 2,448 crore. EBITDA rose one hundred eighty-two percent year-over-year to a record Rs 203 crore. Profit after tax increased seventy-nine…

The Economic Times

India needs more AI champions, says Paytm's Vijay Shekhar Sharma

Paytm CEO Vijay Shekhar Sharma emphasized the need for more AI champions in India. He stated that artificial intelligence is crucial for the nation's future development. Sharma urged greater investment and capability building in emerging technologies. Businesses should focus on creating future technologies instead of existing models. This approach will…

The Economic Times

Delhi High Court orders winding up of Paytm Payments Bank after RBI licence cancellation

Paytm Payments Bank Limited is set for closure as per the directive from the Delhi High Court, resulting from the Reserve Bank of India's earlier cancellation of its banking license. Reasons cited include failure to meet compliance regulations and negative impacts on depositors. Now, with Girikumar M Nair named as…

The Economic Times

File your ITR for just Rs 11: Paytm partners with ClearTax; here's how you can file income tax return

ITR filing: Paytm users can now file Income Tax Returns directly through the app. This service is available starting at an affordable price of eleven rupees. The company partnered with ClearTax to offer a quicker online filing process.

The Economic Times

Paytm attracts more Gen Z users as its UPI payments growth outpaces industry

Paytm's app enhancements and AI features are attracting new Gen Z customers. The company's UPI payments business grew over double the industry rate. Consumer UPI Gross Transaction Value increased by forty-five percent year-on-year. Monthly Transacting Users also saw a rise of sixty lakh users. This growth contributed to another profitable…

The Economic Times

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The Economic Times

Paytm told to pay over Rs 20,000 after flight ticket refund failed to reach customer

A consumer commission ordered Paytm to refund a cancelled flight ticket. The airline had already sent the refund amount to Paytm. Paytm failed to ensure the customer received the money. The commission found Paytm liable for deficiency in service. Paytm must now pay the ticket amount, compensation, and costs.

The Economic Times

Paytm to monetise in-house AI tools, sharpen wealth push

Founder and chief executive Vijay Shekhar Sharma said some AI products had already started generating a few lakh rupees in revenue. The company is developing tools for merchant acquisition and servicing, customer engagement, collections and retention, which it plans to offer to small businesses and large enterprises.

The Economic Times

Paytm shares gain 3% after Q1 results. What are Goldman Sachs, Citi and CLSA saying?

Paytm shares rose 2.7% after the fintech firm reported a 79% year-on-year jump in Q1 consolidated net profit to Rs 220 crore. Revenue from operations increased 28% to Rs 2,448 crore, while total income rose 22% to Rs 2,630 crore. Profit before tax climbed to Rs 247 crore, reflecting stronger…

The Economic Times

Paytm calls off its first-ever bonus issue proposal. Here’s what management said

Paytm parent One 97 Communications has shelved its proposed first-ever bonus share issue for now, opting to focus on business growth and improving profitability to create long-term shareholder value. The decision was taken by the board at its July 20 meeting.

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The Economic Times

Paytm Q1 profit jumps 79%; board shelves bonus share proposal

Paytm's earnings before interest, taxes, depreciation and amortisation (Ebitda) rose 182% year-on-year to Rs 203 crore during the quarter. "AI applications across our businesses are accelerating in-built operating leverage. Revenue growth is significantly faster than indirect expense growth, supporting further Ebitda margin expansion," the company said in a release.

The Economic Times

Paytm board shelves bonus issue, prioritises growth and profitability

The board discussed the proposal at its meeting on July 20 before deciding not to take it forward “at this time”, the company said in a stock exchange filing. Paytm may reconsider a bonus issue later.

The Economic Times

Paytm Q1 Results: Profit soars 79% YoY to Rs 220 crore; board decides not to go with bonus proposal

Paytm's net profit surged seventy-nine percent year-on-year to two hundred twenty crore rupees. The company's board decided against a bonus issue at this time. They will continue focusing on compounding growth and profitability for shareholders. This decision aims to enhance long-term shareholder value creation. The company emphasized its commitment to…

The Economic Times

History test! What last 12 billion-dollar IPO listing gains indicate about SBI Funds' Rs 9,813 crore debut

SBI Funds Management is set to debut on the stock market on Tuesday, with an estimated 18% listing gain based on the current grey market premium. While its blockbuster subscription has raised expectations, history shows billion-dollar IPOs have delivered mixed outcomes. Winners like Eternal and ICICI Prudential AMC contrast with…

The Economic Times

Paytm likely to announce its first-ever bonus issue today: What lies ahead for its 7.5 lakh retail shareholders?

Paytm's parent company will announce its first bonus share issue today. This announcement coincides with the release of its Q1 FY27 earnings report. Domestic investors have increased their stake in the fintech platform significantly. The company reported its first full-year profit in FY26. Global brokerages maintain a positive outlook on…

The Economic Times

Q1 earnings this week: Infosys, Eternal, Bajaj Auto among 256 companies set to announce June quarter results

The Q1 FY27 earnings season gathers momentum this week, with 256 companies scheduled to announce their April-June quarter results. Key names include Infosys, Eternal, Bajaj Auto, UltraTech Cement, Nestlé India, Adani Power, Paytm and TVS Motor. Investors will closely track corporate earnings and management commentary for cues on business performance,…

The Economic Times

Samir Arora-backed Helios Mid Cap Fund adds Groww, 4 more stocks; hikes stake in Paytm and 29 others

Samir Arora-backed Helios Mid Cap Fund added Groww parent Billionbrains Garage Ventures and four other stocks to its June portfolio, while raising exposure to Paytm and 29 other companies. The fund exited five stocks, trimmed its stake in Black Box and retained holdings in 32 stocks unchanged.

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