'I can tell shareholders we're going to be very responsible with our capital, we're going to be absolutely execution focused.'
Paytm's secondary share sale gave an opportunity to its employees - both former and current - to liquidate their vested Esops and earn around Rs 500 crore in total.
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.
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 will acquire 25 per cent stake in One97 Communications.
Industry experts said the major pain point would be tax collection at source, which would create a rift between sellers and e-commerce companies.
Every competitor is eyeing the top slot that Flipkart holds.
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.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
In August, RBI allowed 11 business houses to start a payments bank.
New entity is likely to get a top-up of $200 million from a Chinese investor
Tesla began taking orders for its $35,000 Model 3 sedan from Indian customers in April last year.
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.
While Google has market capitalisation of almost $753 billion and Facebook commands one of $515 billion, it is the wealth of user data they have that one fears
Venture capital investments in India's start-ups nearly halved to $1.5 billion in fourth-quarter 2015
Nikesh Arora patiently answered all questions and responded to remarks and observations.
They encouraged start-ups to pay for acquiring customers rather than focusing on the business fundamentals.
Internet, tech, infra, realty in India might gain
It's the same sourcing norms that have been a hurdle for multinationals such as Apple Inc in setting up retail operations in India.
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.
The largest e-commerce entity of China is setting up its first India office -- an indication that it intends to capture a pie of the growing e-commerce market here. Raghavendra Kamath & Alnoor Peermohamed report.
Deepa Gahlot picks 10 Web series that was worth the viewer's while.
The company is modelling its many ventures on Alibaba in China.
Sources said the fresh batch of profiles include students whose date of joining has been delayed by Flipkart.
With the arrival of new players such as Amazon Pay, Google Tez and Flipkart's PhonePe, digital money companies are now changing their business pitch.
They are asking TRAI to reject the plan in the interest of protecting the citizens' right to use Internet
Here's a list of the favourites of the billionaires.
One97 Communications, which owns Paytm, was awarded the title sponsorship rights for India's international home cricket matches for four years after a winning bid of Rs 2.42 crore per match.
From Twitter to Facebook to Spotify, everyone it seems is clambering aboard the social audio bandwagon. Neha Alawadhi reports.
IPO-bound mobility platform Ola, said it has successfully raised $500 million via a Term Loan B (TLB) from marquee international institutional investors. This term loan has no impact on the valuation of Bhavish Aggarwal-led Ola. The Bengaluru-based firm recently raised $139 million. This is part of a $1 billion funding round for which the company is in talks with investors, increasing its valuation to about $7.5 billion, according to the sources.
Chinese e-commerce giant planning to enter India this year, will take on global e-retailer
'We are against Alibaba investing in Paytm.' 'We are against the concessions given to Paytm.' 'In fact, we want Paytm to close down because of its alliance with Alibaba.'
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
Check out the winners at the News18 Reel Movie Awards 2019.
Paytm is just embarking on building a TaoBao like entity in India, it may want to address a challenge that the latter faced a few years after its launch.
Tata Group's CLiQ is the latest to join the e-commerce club, to compete with the likes of Amazon, Flipkart and Snapdeal.
Firms are offering employees flexi hours; demand for air purifiers, masks have skyrocketed.
Some initial reactions to Prime Minister Narendra Modi's announcement of demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight.
Estimates by retail consultancy Technopak suggest that direct subsidy to consumers because of e-commerce this year would be over Rs 12,000 crore.
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