Celebrating a legacy that blurred the lines between investment and mentorship, guiding entrepreneurs with wisdom and support
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In August, Paytm sold its ticketing business to Zomato for Rs 2,048 crore to refocus on its core operations in payments and financial services
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Reserve Bank of India had rejected Paytm's PA license permit application in November 2022
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The notice pertains to Sharma’s classification as a promoter, which SEBI claims violated regulatory norms
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PayTM has set the non-executive level compensation at Rs 48 lakh, with a fixed portion of Rs 20 lakh, as part of the revised remuneration structure pending shareholders' approval, according to the company
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This decision clears the way for the unit, a significant part of Paytm's business, to resume normal operations
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Given Paytm’s early state of evolution, BOFA anticipates the company achieving EBITDA breakeven in FY28. Brokerage Morgan Stanley took a cautious approach and said pending regulatory approvals could affect the smooth implementation of the company’s new strategy in the near term
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The company's board accepted Neeraj Arora's resignation as a non-executive independent director due to pre-occupation and other personal commitments
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The total value of UPI transactions processed on the Paytm platform grew to Rs 1.24 trillion in May, on the back of the company launching several initiatives for users such as Credit Card on UPI, as well as pushing the lever on UPI Lite.
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In an official statement, One97 Communications clarified, "The abovementioned news item is speculative, and the company is not engaged in any discussions in this regard
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