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Explained: Why has RBI pulled up Paytm Bank and why its share prices have fallen?
Fp Explainers •The Reserve Bank of India has reportedly found that the firm’s servers were sharing information with China-based entities that own stake in the Paytm Payments Bank. The company has said the report on the data leak is false
What happened to Paytm on listing day and what experts have said about it
Fp Staff •The share prices of Paytm fell by 27.25 percent. While the issue price was Rs 2,150, it fell to Rs 1,564 by the time the markets closed.
Paytm IPO: Total subscription at 1.51 times on final bidding day, retail portion booked 2.13 times
Cnbc123 •Retail investors subscribed 1.5 times to the IPO, and non-institutional subscribers put in bids for 17 percent against their reserved portion
Paytm Rs 18,300-crore IPO subscription to open on 8 November
•The company has filed papers with markets regulator SEBI and is planning to get listed on 18 November
Paytm Mall moves operations to Bengaluru; appoints Abhishek Rajan as chief operating officer
Fp Staff •Paytm Mall (owned by Paytm Ecommerce Private Limited) on Monday said it has announced the appointment of Abhishek Rajan as the new Chief Operating Officer of the company
Industry leaders applaud Facebook-Jio deal; say India to be growth epicentre post-COVID crisis
•Facebook's Rs 43,574 crore-investment in Jio Platforms earned accolades from industry leaders on Wednesday, even as some internet activists raised privacy concerns
Coronavirus Outbreak: India's top-level executives lead by example; donate entire salaries
Fp Staff •As the coronavirus pandemic continues to hit businesses and the global economy, Indian businesses have put its best foot forward to solve this crisis and has come together like never before
Paytm is looking at raising another round of $1 bn; former UK PM David Cameron may also invest
•Paytm had earlier this week announced a $1 billion (around Rs 7,173 crore) fund raise led by US-based asset management firm T Rowe Price
Paytm raises $1 bn from Japan’s SoftBank, China’s Ant Financial; plans to invest Rs 10,000 cr for expansion
Fp Staff •When its rivals like Google Pay and PhonePe are spending massively on cashbacks, Paytm said it would use Rs 10,000 crore to add as many small merchants and businesses as possible into its fold.
Paytm founder Vijay Shekhar Sharma to take home Rs 3 cr in remuneration in current fiscal
•Paytm founder Vijay Shekhar Sharma will take home a remuneration of Rs 3 crore this fiscal, as per regulatory filings