The funds will be used to expand the merchant offerings across India to equip them with technology and various other services.
On his 40th birthday on September 28, Sukanya Verma draws up a playlist of 40 riveting Ranbir songs.
The most important lesson is that you have to build your political proposition, and sell it yourself. You can't leave it to the courts, media, NGOs and civil society and expect them to play the role of the Opposition. That's precisely what Mr Modi's challengers have been doing and we know the results, notes Shekhar Gupta.
Even if the BJP gets 60, 70, or even 100 per cent of the votes in the seats where it scored more than 50 per cent in the 2019 Lok Sabha election, these will still add up to only 224 seats, argues Shekhar Gupta.
The turmoil, if you read the headlines, is about the so-called funding winter. Deep down, though, the question is one of the common direction in which founders and investors need to pull, points out Suveen Sinha.
As Indians scrambled to exchange the banned notes for new currency, Paytm, Sharma's digital payments startup, went on a promotional spree, inviting Indians to start using Paytm's digital wallet to pay for everyday goods and services.
Digital payments and financial services firm Paytm has filed a draft red herring prospectus for its proposed Rs 16,600-crore initial public offering (IPO) with the Securities and Exchange Board of India.
According to its DRHP filed in 2010, the company's net worth was just Rs 140 crore. Its total income for the financial year 2009-10 stood at Rs 119 crore and it had a net profit of Rs 16 crore. In sharp contrast, at the end of March 2021, Paytm's networth was Rs 6,535 crore and total income stood at Rs 3,187 crore.
Food delivery platform Zomato's initial public offering was oversubscribed on the opening day on Wednesday with retail investors bidding for 2.7 times the number of shares reserved for them. The offer received bids for 75.60 crore equity shares against an IPO size of 71.92 crore, stock exchange data showed. Retail investors sought 2.69 times the portion reserved for them. Against 12.95 crore shares reserved for retail individual investors, 34.88 crore shares were bid by 1700 hours.
Deepa Gahlot picks 10 Web series that was worth the viewer's while.
A lot happened over the weekend as Salman Khan graced the Bigg Boss stage and gave Shalin Bhanot a reality check for behaving rudely.
Digital payments and financial services firm Paytm is likely to allocate shares at the upper price band of Rs 2,150 apiece on November 16 after market regulator SEBI's approval which is expected to come on Monday, sources aware of the development said. Earlier the allocation was expected to take place on Monday and the Paytm Money app also displayed the same.
Tesla began taking orders for its Model 3 sedan from Indian customers in 2016 and caught the fancy of people like GOQii's Vishal Gondal, Paytm's Vijay Shekhar Sharma and venture capitalist Mahesh Murthy. Amid hints from Elon Musk, Alnoor Peermohamed reports on Tesla's Indian entry.
'To all the MBAs that burn the candle at both ends, travel half-a-million miles every year, and spend little or no quality time with their families, the rise to riches of Mr Bikhchandani and Mr Banga, should be true inspiration,' notes Sandeep Goyal.
Former district panchayat member Prem Yadav, 50, was attacked with sharp edged weapons and killed by his rival Satyaprakash Dubey and his family when he went to the latter's house. In retaliation, Yadav's supporters from Abhaipur attacked Dubey's house and killed Dubey and four of his family.
It is a tribute to a system so robustly meritocratic that this team represents India's diversity better than any other institution: The Union Cabinet, our chief ministers, the civil services, the leadership of our armed forces and security agencies, the judiciary and more than all of these, our typical newsroom. That is the biggest message from this breathless rise of Indian cricket, asserts Shekhar Gupta.
Joginder Tuteja lists the movies and Web series coming up.
The deal gives a valuation of over $4 billion to Paytm, which is already backed by Alibaba group as a strategic investor.
Paytm is banking on its offline network of merchants to fight bigger rivals Amazon and Flipkart
There's an entire gurdwara dedicated to immigration. People present tiny airliner models here in the hope that Waheguru will soon give them a ticket, passport and visa to leave, reveals Shekhar Gupta.
Will a caste census make tens of millions desert Mr Modi?, asks Shekhar Gupta.
Officials said most of the preparations are complete and the counting will start at 8 am on Saturday.
March is going to be an exciting month when it comes to Bollywood releases as it would be a good mix of theatrical and OTT arrivals.
The absconding principal of the school in Bihar's Saran district, where 23 children died after eating poisoned food, was on Wednesday taken into custody by police.
Even a doomsayer like Nouriel Roubini says India is in a sweet spot. If only we'd live up to the promise, says Shekhar Gupta.
Huma promotes Army of the Dead...Shilpa's love in times of Corona...
His investment in Paytm is in his personal capacity.
Paytm plans to launch mutual funds, insurance and banking services and s also providing the option to transact offline with a physical debit card
Amid oxygen shortage and a faltering health system in the country, India is seeing over 300,000 cases daily.
Restoration of peace and the normal routine of daily life, compared to the past, stands out as its most significant achievement, observes Mohammad Sayeed Malik, the veteran commentator on Kashmir affairs, four years after the abrogation of Article 370.
So much has been written about Sushant Singh Rajput and yet, there is so much more that we still don't know about him.
The rising pitch of road shows and long rallies with hectoring pitches seem to have exhausted and numbed the audiences, rather than motivating them to vote for the party, observes Shreekant Sambrani.
A list of watchable Hindi legal shows and films on OTT, in order of release.
'I can tell shareholders we're going to be very responsible with our capital, we're going to be absolutely execution focused.'
As we continue grappling with an irrepressible pandemic, music is both a refuge and source of comfort.
Paytm's Rs 18,300 crore IPO was oversubscribed 1.89 times on the last day of India's biggest share sale on Wednesday, making it one of the country's most valued companies. The initial public offering of Paytm's parent company One97 Communications Ltd received bids for 9.14 crore equity shares against the offer size of 4.83 crore shares, according to information available from stock exchanges. While the portion set aside for retail investors was oversubscribed early, institutional buyers including FIIs flooded the share sale with offers on Wednesday, seeking 2.79 times the number of shares reserved for them.
Alibaba is playing a big role in helping to train the senior management of the upcoming Paytm Payment Bank
While a three-year tax holiday and relaxation of capital gains for funds have been received favourably, others argue that not enough has been announced.
Our political history tells us this has never worked. A united Opposition does work in some specific, limited situations, especially in the states. But never as some brilliant pan-national collection of diverse interests with no ideological or political core, asserts Shekhar Gupta.
Paytm recently partnered with 1,000 educational institutions over admission fee payment through the app.
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