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The Latest Breaking News from Vijay Shekhar Sharma

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

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

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

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Paytm plans 10% staff increase in AI pivot, to lay off 400

The increase would mark a roughly 10% increase in its headcount that stands at about 40,000 employees. Paytm is also laying off 1% of its staff, or about 400 people, after the current performance appraisal cycle, a company spokesperson said. The cuts follow more substantial reductions in the previous year.

The Economic Times

Digital payments, mobile economy have significant room for expansion; no slowdown in transaction growth: Paytm CEO

India's digital economy is set for major growth. Technological innovation and increasing consumer trust will drive expansion. Artificial intelligence will accelerate this progress. Digital payments and mobile transactions are expected to see a significant increase. Indian consumers are rewarding strong products and innovation. The nation's economy remains resilient due to…

The Economic Times

ED issues notice to One97 Communication, Managing Director

The notice has been issued by a special director of the agency following the completion of an investigation. Read further on Dynamite News:

Dynamite News

Modi 3.0 hall of fame: The special guests and what they did to get there

The dress code was floral or summer ceremonial. The invites were in cursive. The guest list was over 9,000, including heads of states, filmstars, sports celebrities, and corporate honchos. And there was an afterparty, with an elaborate vegetarian menu.

Newslaundry

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Paytm denies media report on stake sale to Adani Group, terms it "Speculative"

Paytm informed stock exchanges in a filing that the company is not engaged in any discussions in this regard. Read further on Dynamite News:

Dynamite News

Morning Digest | Govt ‘examining’ Indian tech company sanctioned by EU, U.S.; fresh protests in U.P. seek PSC re-exam citing ‘paper leak’, and more

From Indian government ‘examining’ Indian tech company sanctioned by EU, U.S. to new protests erupt in U.P. seeking re-exam for posts citing ‘paper leak’, here is a select list of stories to start the day on Feb 27, 2024

The Hindu

Paytm CEO's Meeting with RBI & FM Boosts Share Value

The shares of Paytm, India's leading digital payments platform, soar after reports of its CEO meeting with the RBI and finance minister. Find out more.

Top News

Paytm posts narrower loss as payments business grows

Paytm trimmed losses in the latest quarter after the Indian fintech company cut some costs and scaled up services to small merchants.

The Times of India

Paytm founder Vijay Shekhar Sharma says he’s looking for chances to increase stake

NEW DELHI: Billionaire Vijay Shekhar Sharma, the founder and chief executive officer of India’s biggest digital payments company, said he’ll look to raise his stake as Paytm approaches profitability.

The Times of India

Paytm CEO Vijay Shekhar Sharma reveals he had only read two books since class 12

Paytm CEO Vijay Shekhar Sharma recently took to Twitter and revealed that he isn’t an avid reader. He also said that since he passed Class 12, he had read only two books.

The Times of India

SoftBank Group founder Masayoshi Son meets startup founders in Delhi

NEW DELHI: Billionaire investor and SoftBank Group Founder Masayoshi Son on Tuesday met founders and CEOs of some prominent startups during his day-long visit to the national capital, according to sources.

The Times of India

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The Times of India

Paytm Q3 consolidated loss narrows to Rs 392 crore

NEW DELHI: Digital financial services firm One97 Communications on Friday said it has narrowed its consolidated net loss to Rs 392 crore in the third quarter ended December 2022.

The Times of India

Paytm to buy back shares worth Rs 850 crore at Rs 810 apiece

NEW DELHI: Digital financial services firm One97 Communications, which operates under the Paytm brand, on Tuesday announced a share buyback scheme worth Rs 850 crore at Rs 810 apiece.

The Times of India

Paytm shares surge after reappointment of Vijay Shekhar Sharma as MD

NEW DELHI: Shares of One97 Communications, which operates under the Paytm brand, surged on Monday after the company said that it approved the re-appointment of Vijay Shekhar Sharma as managing director and chief executive officer of the company.

The Times of India

Paytm founder gets nearly 100% votes to remain MD

MUMBAI: Around 99.7% of the shareholders of Paytm's parent, One97 Communications, have voted in favour of a resolution to reappoint Vijay Shekhar Sharma as MD CEO of the company and approved his remuneration.

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The Times of India

Paytm CEO Vijay Shekhar Sharma faces biggest test since IPO dud

NEW DELHI: The billionaire founder of Paytm faces a crucial test of investor confidence on Friday, when shareholders will decide whether they want him at the helm of a fintech pioneer that made one of the worst debuts in history.

The Hindu

Competition issues | Paytm, Oyo and Zomato founders among tech firms officials to meet parliamentary panel

Competition Commission of India is already probing various cases, especially in the digital space, following complaints of alleged unfair business practices

The Times of India

Vijay Shekhar Sharma buys 1.7 lakh shares of Paytm worth Rs 11 crore

NEW DELHI: Digital financial services firm One97 Communications' Managing Director Vijay Shekhar Sharma has purchased 1.7 lakh shares of the company worth Rs 11 crore, according to a regulatory filing.

Benzinga

Jack Ma, Warren Buffett Backed Paytm Looks To Breakeven Soon: Bloomberg

Paytm, backed by SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) and Alibaba Group Holding Ltd's (NYSE:BABA) fintech affiliate Ant Group, looks to break even on an operating basis over the next year-and-a-half, Bloomberg reports. The Indian digital payments pioneer doubled its gross merchandise value to $34.3 billion in the March quarter. Paytm looks to become profitable in…

The Times of India

Paytm shares declined due to volatile market conditions: CEO Vijay Shekhar Sharma

NEW DELHI: Shares of Paytm declined significantly in recent times due to volatile market conditions for high growth stocks, the company's CEO Vijay Shekhar Sharma said on Wednesday.

The Times of India

RBI letter to Paytm Bank does not talk about data access, says Vijay Shekhar

NEW DELHI: The Reserve Bank of India (RBI) in its letter to Paytm Payments Bank has not mentioned anything about data access but has asked the company to carry out an audit from a third party, a top official of the company said on Monday.

The Times of India

Top Paytm official booked in Delhi after SUV hits police vehicle

NEW DELHI: After a minor collision of his Land Rover with a police vehicle belonging to DCP (South) last month, Paytm CEO Vijay Shekhar Sharma has been prosecuted for rash driving. A company spokesperson said reports claiming the nature of the arrest were “exaggerated”.

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