Paytm Says Reports That Claimed Some Lenders Invoked Loan Guarantees Are “Factually Incorrect” | Companies News

New Delhi: Paytm on Thursday termed “factually incorrect” the media reports that said a few lenders may have invoked Paytm’s loan guarantees. “We respectfully request media outlets to refrain from inaccurate reporting and to make the necessary changes to their articles to reflect our clarifications and ensure factual integrity,” One 97 Communications, which operates popular […]

ABHISEK RAJPUT

May 9, 2024

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Paytm Q4 FY24 Loss Widens To Rs 550 Crore | Companies News

New Delhi: Fintech firm One97 Communications, which owns the Paytm brand, has reported a widened loss of Rs 550 crore, according to the company’s regulatory filing on Wednesday. The company had posted a loss of Rs 167.5 crore in the same period a year ago. The revenue from operations of Paytm declined 2.8 per cent […]

ABHISEK RAJPUT

May 22, 2024

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Zomato To Take Over Paytm’s Movie Ticketing Biz? Check What Both Companies Said | Companies News

New Delhi: Amid widespread media speculations that Online food delivery platform Zomato might take over Paytm’s movie and ticketing business, the former has confirmed that talks are ongoing, ‘though no binding deal yet’. In a regulatory filing, Zomato has informed, “We have noticed that there are certain news articles circulating in the mainstream media with […]

ABHISEK RAJPUT

June 17, 2024

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UK-Based Hedge Fund Marshall Wace Sells Shares Of Paytm, Shriram Finance For Rs 426 Crore | Markets News

New Delhi: UK-based hedge fund Marshall Wace on Tuesday sold shares of One97 Communications and Shriram Finance for a combined value of Rs 426 crore through open market transactions. Marshall Wace, through its arm Marshall Wace Investment Strategies – Eureka Fund, offloaded shares of One97 Communications, owner of Paytm brand, and Shriram Finance Ltd through […]

ABHISEK RAJPUT

June 19, 2024

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