Zomato in talks with Paytm to buy movie ticketing biz
Zomato says discussions with Paytm are being undertaken with an intent to further strengthen the 'Going-out' business.
Zomato says discussions with Paytm are being undertaken with an intent to further strengthen the 'Going-out' business.
The shares of One97 have seen a major erosion in value after the RBI's stringent action against its former associate entity, Paytm Payments Bank, on January 31, 2024
Loss widened due to impairment of ₹227 crore towards the carrying value of Paytm's investment in Paytm Payments Bank.
Paytm president and chief operating officer Bhavesh Gupta has decided to resign due to personal reasons.
The company received approval from the National Payment Corporation of India (NPCI) for starting the user migration to new payment system provider (PSP) handles with immediate effect.
NPCI on Thursday approved Paytm parent One97 Communications' application to participate in UPI as a third-party application provider (TPAP).
Paytm shares have tumbled 51% from ₹761 at the close of trade on January 31, 2023, after the RBI action against PPBL.
Axis Bank, HDFC Bank, State Bank of India and YES Bank will act as payment system provider (PSP) banks to Paytm parent One97 Communications
FinMin action comes after FIU-IND received specific info on a few entities engaging in illegal acts, including organising and facilitating online gambling
One97 Communications says both companies have “mutually agreed” to discontinue various inter-company pacts amid regulatory restrictions