Page 15 - Paytm

Paytm shareholders approve Rs 12,000 cr primary fundraise at company EGM

Vijay Shekhar Sharma declassified as promoter; the company will raise Rs 2,000 cr before IPO

Paytm's key management personnel likely to be named in its DRHP

Paytm's wholly-owned arms are also being run by key leaders, including Varun Sridhar, who heads Paytm Money, Satish Gupta (Paytm Payments Bank) and Vineet Arora (Paytm General Insurance)

Top Headlines: Paytm president quits; commodity inflation bites hard

Business Standard brings to you the top headlines on Saturday

Paytm president Amit Nayyar, other top executives quit ahead of IPO

Paytm is headed for a $2.3-billion IPO by the end of 2021

Paytm cut marketing spend more than the competition: Bernstein report

The report adds that NPCI's recent norm that limits digital payment apps' share in the overall volume of transactions on the UPI at 30% would impact PhonePe and Google Pay more than Paytm

Former WhatsApp business head Neeraj Arora may rejoin Paytm Board: Sources

Arora, widely credited with the structuring of the Facebook and WhatsApp deal, was on the Paytm Board from 2015-2018

Nasper-backed PayU in talks to acquire BillDesk for up to $4 billion

Media reports have said Paytm, which will soon come up with its initial public offering (IPO), is also evaluating BillDesk

Paytm to file draft prospectus next week for $2.3-bn IPO: Report

Paytm has plans to raise up to Rs 12,000 crore by issuing fresh equity for which it will seek shareholders' nod in an EGM on July 12

Paytm announces launch of small ticket loan product Postpaid Mini

These small ticket instant loans will give flexibility to users and also help manage their household expenses to maintain liquidity during the ongoing Coronavirus (Covid-19) pandemic

Indian SPACs to raise nearly $1 billion through IPOs in US stock market

To acquire domestic media, tech, and consumer goods firms

Paytm extends deadline to submit documents for share sale to June 30

Paytm has extended the deadline for shareholders, employees and former employees to submit their documents by June 30, if they wish to sell their shares in the planned initial public offering

Paytm to raise Rs 12,000 cr via fresh equity, remove Sharma's promoter tag

The company's much-awaited IPO is expected to come by November this year

Paytm First Games secures $30-mn loan from One97 Communications, others

The loan will be given in two tranches, payable within five years, and will also have the option to be converted into equity shares

Top headlines: Paytm to raise Rs 12,000 crore; Wipro announces salary hike

Business Standard brings you the top news of the evening

Paytm looks to raise Rs 12,000 cr via fresh issue of shares, EGM on July 12

Paytm will also propose removing founder Vijay Shekhar Sharma's role as a 'promoter' for the company

JPMorgan, Goldman, two other banks hired by Paytm for proposed $3 bn IPO

The board of the startup, formally called One97 Communications, also approved Morgan Stanley and ICICI Securities Ltd. to help with the sale, the people said, asking not to be identified as the matter

Paytm launches vaccine appointment booking feature on mobile app

Fintech major Paytm on Monday said its users will now be able to book vaccination appointment on the app apart from finding available slots. "Paytm users can now search, discover & also book their vaccination slots for both Covaxin and Covishield at the nearest centre through the Paytm app. The service would help Indians seamlessly book vaccination slots and gain immunity, helping in fighting the ongoing pandemic," Paytm said in a statement. CoWIN head R S Sharma had recently said over a dozen entities, including large digital companies like Paytm, MakeMyTrip and Infosys, are looking at approval for offering vaccine bookings. The government had, last month, released new guidelines for the integration of CoWIN with third-party applications, easing the way for such apps to offer vaccine bookings. Previously, giants like Facebook and Google to startups such as HealthifyMe have introduced a slew of tools to help people find slots for vaccination appointments. Platforms like Under45 ..

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Paytm, MakeMyTrip, others keen on approval for offering vaccine bookings

Over a dozen entities, including large digital companies like Paytm and MakeMyTrip, are looking at approval for offering vaccine bookings, according to CoWIN head RS Sharma. The government had, last month, released new guidelines for the integration of CoWIN with third-party applications, easing the way for such apps to offer vaccine bookings. Nearly 15 entities are eyeing approval to provide online appointment booking for vaccination, including Paytm, Infosys and MakeMyTrip, Sharma said. When contacted, MakeMyTrip Group CEO Rajesh Magow said that with millions already using MakeMyTrip app, we want to leverage the API integration to help people easily book their vaccination slots and do our bit to make the entire process more convenient. Integration has also been opened up for download of vaccination certificate that will be useful as travel opens up further and all documentary requirements can be accessed in one place, he added. Paytm declined to comment, while Infosys did not ..

Paytm, MakeMyTrip, Infosys offer to help India with Covid vaccine bookings

Around 15 state agencies and private companies have asked to be allowed to offer vaccine bookings, says R S Sharma, head of CoWIN platform