Paytms

One97 Communications, which owns the payments and financial services platform Paytm, continue to witness strong revenue momentum across its business verticals.The fintech firm on Friday reported its revenue from operations increased to Rs. 2,062 crore, a growth of 42 percent on a yearly basis and 8 percent on a quarterly basis.The company's EBITDA before ESOP cost stood at Rs. 31 crore with EBITDA before ESOP margin at 2 percent of revenues as compared to (27 percent) a year ago, it said.The performance, it said, is…

Paytm’s plan to buy back shares has left investors surprised and worried about the loss-making Indian fintech firm’s growth prospects as it uses funds to prop-up its hammered stock. Paytm's plan to buy back shares has left investors surprised and worried about the loss-making Indian fintech firm's growth prospects as it uses funds to prop-up its hammered stock.The board of One 97 Communications Ltd., the listed-entity that runs Paytm, will decide on the buyback on Tuesday. The move comes as the stock has plunged about…

Shares of One97 Communications, Paytm's parent firm on Friday ended over 1 percent higher, a day after falling sharply.In morning trade, the stock had declined over 2 percent after SoftBank divested 4.5 percent stake in the firm for Rs. 1,631 crore through an open market transaction.The stock dipped 2.23 percent to Rs. 527.50 during the day on the BSE. But it recovered all the lost ground and ended at Rs. 546.30 apiece, higher by 1.25 percent.On the NSE, it fell 2.38 percent to Rs. 526.90 during the day. The stock ended…

Top executives of eight domestic tech firms, including Paytm founder Vijay Shekhar Sharma and Oyo founder Ritesh Agarwal, will appear before a key parliamentary panel on Thursday to discuss the market behaviour of technology platforms amid rising anti-competition concerns.BJP leader and former Union minister Jayant Sinha-chaired Parliamentary Standing Committee on Finance has been looking into various aspects of competition in the marketplace, especially with respect to technology majors.Sinha told PTI that the panel has…