It has been just over a year since India’s mobile payments and Quick Response (QR) pioneer Paytm made its debut on the stock market and the company has made quite an impression. The initial public offering (IPO), which was the largest in the country’s history, drew attention from investors far […]
ED freezes Rs 46.67 cr of Easebuzz, Razorpay, Cashfree, Paytm in Chinese loan app case
The Enforcement Directorate (ED) has detected and freezed Rs 46.67 crore kept in various bank accounts and virtual accounts of Easebuzz, Razorpay, Cashfree and Paytm after recent raids in connection with Chinese loan app case, the agency said on Friday. A total of Rs 33.36 crore was found with Easebuzz […]
Paytm shares hit new all-time low; tumble 20 percent in 2 days
The share price of Paytm’s parent company One 97 Communications Ltd dipped by another 10 per cent on Tuesday hitting a new all-time low. At 13.38 pm, One 97 Communications Ltd share was trading at Rs 610.85, which is 9.55 per cent down from its previous day’s close at Rs […]
Paytm raises $1 billion in fresh funding
Paytm said it has raised fresh funds from a group of investors, including existing backers such as SoftBank’s Vision Fund and Alibaba’s Ant Financial on Monday. The company has not officially disclosed details of the funding, but a source said the Indian company raised $1 billion in the latest round. […]