🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Paytm Shares Continue To Bleed, Tanks Over 4% On Friday

Inc42 · 1y ago

Paytm Shares Continue To Bleed, Tanks Over 4% On Friday

Paytm shares dropped over 4% on Friday, reaching INR 339.00 per share. At 11:00 AM on Friday, the shares were trading at INR 340.15, down from the previous close at INR 356.20. This is significant as it is Paytm's first quarterly result following the Reserve Bank of India's (RBI) imposed restrictions on Paytm Payments Bank.

Related News

Paytm Jumps 4% After It Discontinues Inter-Company Agreements With PPBL

Inc42 · 1y ago

Paytm Jumps 4% After It Discontinues Inter-Company Agreements With PPBL

Shares of One97 Communications, the parent company of Paytm, rose 4% to INR 423 apiece on Friday, following the announcement that the company has discontinued various agreements with its payments bank unit, Paytm Payments Bank Limited. Paytm shares opened at INR 413.55. The move is an effort to strengthen the independent operations of the payments bank. Founder Vijay Shekhar Sharma recently stepped down from the board, and a newly-reconstituted board has been appointed. The company ensured that services like the Paytm app, Paytm QR, and Paytm Card machines will continue uninterrupted. At 1:15 pm on Friday, Paytm shares were trading at INR 421.85 apiece.

Paytm Continues To Bleed: Shares Fall Another 2% To Hit Fresh Record Low

Inc42 · 1y ago

Paytm Continues To Bleed: Shares Fall Another 2% To Hit Fresh Record Low

Paytm shares dropped by 2% on Friday, hitting a new record low of INR 318.35 on the BSE. Over the past month, the stocks have fallen nearly 55%, losing around INR 27,000 Cr in just 11 trading days. This decline has been attributed to the regulatory action on Paytm Payments Bank, which has been barred from processing banking services and transactions. The Reserve Bank of India has also asked for an investigation into suspected breaches at Paytm Payments Bank.

Paytm Likely To Get Third-Part App Provider Licence From NPCI By March 15

Inc42 · 1y ago

Paytm Likely To Get Third-Part App Provider Licence From NPCI By March 15

Paytm is expected to receive the third-party application provider (TPAP) license from the National Payments Corporation of India (NPCI) by March 15. The TPAP license would allow Paytm to continue offering Unified Payments Interface (UPI) services to its app users. The approval is expected before the Reserve Bank of India's restrictions on Paytm Payments Bank take effect on the same date. Paytm applied for the TPAP license in partnership with Axis Bank and Yes Bank. Shares of Paytm have dropped over 50% following the RBI's action on Paytm Payments Bank.

Paytm price band revised to 10% after investors lose ₹15,000 crore in 2 days

Money Control

Money Control · 1y ago

Paytm price band revised to 10% after investors lose ₹15,000 crore in 2 days

The daily limit on shares of Paytm operator One97 Communications has been revised to 10% from 20% on NSE and BSE. The change comes after the stock hit 20% lower circuit for the second consecutive day on Friday, wiping out ₹15,016 crore from investors' wealth in two days. Paytm stock was hit after RBI put curbs on Paytm Payments Bank.

Paytm Shares Drop Over 4% Ahead Of Payments Bank Deadline

Inc42 · 1y ago

Paytm Shares Drop Over 4% Ahead Of Payments Bank Deadline

Amidst regulatory actions by the RBI, Paytm shares have seen a decline, with a 4.5% drop on March 14. The central bank has given a March 15 deadline for Paytm Payments Bank to halt all deposits, credit transactions, and top-ups in customer accounts. The shares, which have already decreased by over 60% since January 31, saw a slight recovery in February but have recently fallen again. Several mutual funds have divested their holdings in Paytm due to the declining stock price. Paytm is currently seeking a third-party application provider license to continue offering UPI services.

Paytm Touches Upper Circuit In Fourth Straight Session - StartupNews.fyi

Startup News FYI

Startup News FYI · 1y ago

Paytm Touches Upper Circuit In Fourth Straight Session - StartupNews.fyi

Paytm shares have seen a respite from their sharp fall following the Reserve Bank of India's (RBI) crackdown on Paytm Payments Bank. The extension of the business restrictions deadline to 15 March and the announcement of shifting the nodal account to Axis Bank have provided some optimism to the company's shareholders. Since Friday, Paytm shares have gained 21.5%. This comes after the RBI issued a notification on 31 January barring Paytm Payments Bank from banking services, which caused concerns among investors and brokerages. Despite this, Bernstein maintains an 'outperform' rating and a PT of INR 600 for Paytm.

Paytm Touches Upper Circuit In Fourth Straight Session; Shares Near INR 400 Mark

Inc42 · 1y ago

Paytm Touches Upper Circuit In Fourth Straight Session; Shares Near INR 400 Mark

Paytm shares have seen a positive turnaround after a sharp decline due to the Reserve Bank of India's (RBI) crackdown on Paytm Payments Bank. RBI extended the deadline on the bank's business restrictions, and Paytm announced shifting its nodal account to Axis Bank, providing some optimism. Paytm shares gained 21.5% since Friday, and several brokerages view the regulatory actions as restricted to the Paytm Payments Bank entity, expecting limited long-term impact on the overall business. However, there are concerns regarding potential declines in payment GMV and the impact on payment processing margin. The Enforcement Directorate's investigation into possible foreign exchange violations has not found any breaches so far.

New-Age Tech Stocks Bleed As Broader Market Crashes, CarTrade Tanks Nearly 6%

Inc42 · 10m ago

New-Age Tech Stocks Bleed As Broader Market Crashes, CarTrade Tanks Nearly 6%

- Today, 22 out of the 28 new-age tech stocks covered by Inc42 experienced a decline, ranging from 0.53% to just under 6%. - Car marketplace CarTrade saw the largest decrease, with its shares falling by 5.84%. - Other major stocks that ended in the red were EaseMyTrip, TBO Tek, Zomato, and Paytm. - Despite the overall decline, six startups managed to end the day with gains in their stock prices. - Menhood, a direct-to-consumer grooming brand, achieved the biggest increase, with its shares surging by 9.96%.

Axis Bank Saves The Day As Paytm Shifts Nodal Account Post RBI’s Refusal To Extend Deadline

Inc42 · 1y ago

Axis Bank Saves The Day As Paytm Shifts Nodal Account Post RBI’s Refusal To Extend Deadline

Fintech major Paytm has shifted the nodal account of Paytm Payments Bank to Axis Bank, ensuring seamless merchant settlements. The move comes after the Reserve Bank of India (RBI) refused to extend the deadline for termination of the nodal accounts of Paytm Payments Bank. RBI extended the deadline for business restrictions to March 15 from February 29. Paytm's shares saw a massive selloff after the directive, but closed 5% higher at INR 341.50 on Friday.

SoftBank-backed Ola Electric's IPO attracts $2 bn of bids from big institutions

VCCircle

VCCircle · 1y ago

SoftBank-backed Ola Electric's IPO attracts $2 bn of bids from big institutions

Ola Electric, backed by SoftBank, received over $2 billion in bids from big institutions ahead of its initial public offering (IPO). The IPO aims to raise $734 million and has already allocated shares to institutions such as Nomura, Norges Bank, SBI Mutual Funds, and HDFC Mutual Funds. Ola Electric plans to sell shares in the range of 72-76 rupees, targeting a valuation of $4 billion. The IPO is set to open for retail investors and eligible employees on Friday and close on Tuesday.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.