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The Latest Breaking News from Vijay Shekhar Sharma

Paytm karo, back in vogue again: Can the stock reclaim IPO price after 5 years and 480% rally?

Paytm shares have rebounded over 480% from their lifetime low but remain 20% below the Rs 2,150 IPO price. The introduction of MDR on select high-value UPI transactions could create a new revenue stream for the fintech, while merchant lending, operating leverage and AI initiatives may offer additional growth avenues.

The Economic Times

New MDR norms for UPI to add more revenue, bottom line to business: Paytm CEO

The government has introduced a 0.4% fee on UPI transfers exceeding Rs 2,000 to merchants from October 15, while explicitly ring-fencing everyday person-to-person transactions as well as small payments from any charge.

The Economic Times

Fifty shades of Nifty growth: ETSA jury spots next giants

The elite jury was chaired by one of India’s brightest next-generation leaders Rishad Premji, executive chairman, Wipro. Members of the jury included Sachin Bansal, cofounder, Flipkart and Navi; Vijay Shekhar Sharma, founder and CEO, Paytm; Mukesh Bansal, cofounder, Myntra; Mithun Sacheti, cofounder, CaratLane; Nandita Sinha, CEO, Swiggy Instamart; Ajit Mohan,…

The Economic Times

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Vijay Shekhar Sharma's Rs 4 crore pay found 'materially below' peer median; Board recommends revision

Under the proposed structure, Sharma's remuneration will also include a variable component which will be performance-linked set by the NRC on achievement against predefined financial performance targets.

The Economic Times

Paytm’s Vijay Shekhar Sharma sets $1 billion free cash goal, sees fintechs gaining lending share

Vijay Shekhar Sharma, the founder of Paytm, has set an ambitious target of generating one billion dollars in free cash flow. He envisions that fintech companies will capture a larger share of the growing lending market. Focusing on profitability, Sharma plans to pivot away from ventures that lack clear returns.

The Economic Times

Paytm block deal: Vijay Shekhar Sharma’s Resilient Asset likely sells nearly 2 crore shares worth Rs 2,949 crore

Shares of One 97 Communications faced a downturn following a notable block deal involving Resilient Asset Management, a firm linked to Paytm’s founder. It’s estimated that shares worth around Rs 2,949 crore were sold in this secondary transaction, with the possibility of extending the stake to Rs 4,895 crore. Goldman…

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

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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

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

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

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The Hindu

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

Top News

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.

The Times of India

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.

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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

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.

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.

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