Paytm recently partnered with 1,000 educational institutions over admission fee payment through the app.
'I can tell shareholders we're going to be very responsible with our capital, we're going to be absolutely execution focused.'
Paytm, which recently hived off its e-commerce and payments bank businesses into separate companies, would use these fresh funds to bolster the two businesses
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.
As we continue grappling with an irrepressible pandemic, music is both a refuge and source of comfort.
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.
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.
Telecom operators stressed that differential pricing for data is necessary for growth.
WhatsApp on Tuesday said its latest policy update does not affect the privacy of messages as the Facebook-owned company sought to address concerns around security of user data on the platform.
A list of watchable Hindi legal shows and films on OTT, in order of release.
Experts believe that the sector should not jump to conclusions on WhatsApp Pay, which is still in its 'Beta testing' phase.
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.
Who will make the most of the disruptions of 2016 this year? Mihir Sharma's list of probables.
The mobile wallet player plans to add more Chinese sellers to its e-commerce platform and boost technology for its soon-to-be-launched payments bank
Forbes said Prime Minister Narendra Modi's "economic experiments" barely affected India's billionaires while none gained more than oil-and-gas tycoon Mukesh Ambani, who cemented his decade-long hold on the top slot by adding a staggering USD 15.3 billion (67 per cent) to his last year's wealth to become one of Asia's top five richest.
The BJP at 43 is a work in progress, with total ideological continuity and much substantive change in political method and style, observes Shekhar Gupta.
Families and friends turn out in full force to cheer Bhool Bhulaiyaa 2.
Might opt for salaried employment after failure of his latest venture
The firm chooses UP for payments bank launch in February. Karan Choudhury reports.
Paytm will not be available for download now but there will be no impact on existing users of the app. 'The app was blocked for violation of play policies - a clarification of our policy was released earlier today ahead of the IPL (Indian Premier League) tournament,' Google said in an e-mailed response on Friday.
The 76-year-old Nepali Congress president, who has served as the prime minister for a record fifth term, defeated his challenger party general secretary Gagan Kumar Thapa by 39 votes, officials said.
Deepa Gahlot lists 10 popular family shows and films streaming on various platforms.
At a Madhya Pradesh cabinet meeting held in the temple town of Ujjain, Chief Minister Shivraj Singh Chouhan ceded his seat to Lord Mahakal's portrait, an act some former bureaucrats said was "unprecedented" in the history of the state and could have been avoided.
Sumbul Touqeer hasn't been active in the game so far, but that seems to have changed thanks to Archana Gautam.
The Paytm Payments Bank will be headquartered in Noida and kick off its services from east and north to begin with
For the four new players, the spike in wealth is 126 per cent.
The device supports a host of India-specific apps and the more you use it, the better it gets.
Deepa Gahlot picks the top 10 Karan Johar films -- some that he directed and others that he produced or co-produced -- that you can watch on steaming platforms.
Even if the Paytm fiasco does not mark the end of the bull run, at least some sanity will return to the wild IPO market, observes Debashis Basu.
Rohit Shekhar's successful legal fight established the right of a child -- at any age -- to know his paternity.
Indian industry snubbed Google Play's decision to cut by half its commission for developers when they make $1 million in annual revenue for in-app purchases, saying the US tech giant may continue its "abrasive & monopolistic abuse" as it owns the Android system. Google Play said Tuesday that beginning July 1 it would slash its 30 per cent billing fee to 15 per cent for developers globally when they make the first $1 million of their annual revenue.
Aadhaar architect becomes most visible face to oppose Facebook plan
The revised policy, which has come into effect since last week, means passengers who are looking to skip the long queues at airports will have to shell out a fee for it. For IndiGo, the lowest seat fees is Rs 100 while for SpiceJet it is Rs 99.
PhonePe wants to dethrone its Alibaba and SoftBank-backed rival, Paytm, claiming that additional capital that Walmart will bring to the table will help it grow much faster
Experts believe that the government needs more innovative ways to secure the cyber space in the country and a cess is more like a punishment which would not help in the long run.
'For the next three months or so, the market will go down.' 'Traders do not have Rs 100 notes.'
Three businessmen disclose their success mantras: One belongs to an old Marwari family, another is a second generation industrialist whose father scripted an amazing rags-to-riches story and the third was a professional till one day he succumbed to the charms of entrepreneurship.
This is the second instance of mainstream banks blocking services to new-age digital payments companies.
'I would rather focus on the good rather than what didn't happen.'
Accuses foreign-funded competition of 'capital dumping' to capture market, bats for stronger regulations for sector.
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