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Paytm losses swell 70% to ₹1,490 crore in 2017-18
Posted on 29th October 2018 |
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New Delhi: One97 Communications Ltd, the parent company of mobile payments app Paytm, widened its net loss by 70% in the last financial year as higher expenses offset a surge in revenue, showed data from business intelligence platform Tofler. The company, backed by China’s Alibaba Group Holding Ltd, posted loss of 1,490.7 crore in the year ended 31 March, 2018. |
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Paytm twist: Sonia’s family claims she is being framed
Posted on 26th October 2018 |
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New Delhi: In the extortion case of Paytm co-founder Vijay Shekhar Sharma, even as the police assigned motive to company vice-president of communication, Sonia Dhawan, saying she plotted the extortion to buy a house worth Rs 4 crore in Delhi, along with her husband Rupak Jain, Dhawan’s family has claimed otherwise.
Police say Jain’s property business was not doing well and the couple hatched the plan to extort money from Paytm co-founder Vijay Shekhar Sharma. |
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Paytm data theft case: Had faith in Sonia Dhawan, says Vijay Shekhar Sharma
Posted on 25th October 2018 |
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Breaking his silence for the first time since the news of data theft at Paytm came out, founder and Chief Executive Officer Vijay Shekhar Sharma on Wednesday said he was shocked and wanted answers. “I’m stunned and want to figure out the truth. I have always believed her (Sonia Dhawan, his secretary and one of the accused). It is possible that she has been used as a conduit. Cops will unearth the truth,” said Sharma. |
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Paytm case: Who is Sonia Dhawan and what exactly she stole from Vijay Shekhar Sharma’s laptop
Posted on 24th October 2018 |
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Sonia Dhawan on Tuesday let Paytm made headlines for all the wrong reasons. Sonia Dhawan, Vijay Shekhar Sharma's secretary has been arrested for allegedly trying to extort Rs 10 crore from Paytm's boss man. But who is Sonia Dhawan and what sort of data she stole from her boss? Dhawan before she allegedly leaked Paytm's confidential information to her accomplices Rupak Jain and Devendra Kumar, had a career which can make people envy. |
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Paytm staff held for 'blackmailing' CEO Vijay Shekhar Sharma for Rs 200 mn
Posted on 23rd October 2018 |
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Paytm founder Vijay Shekhar Sharma is facing a new data challenge — some people have threatened to leak his personal data, compromising the reputation of his company One97 Communications. Three of the mobile wallet’s employees, including Chief Executive Officer (CEO) Sharma’s secretary, were arrested on Monday by the Noida police for allegedly trying to extort Rs 200 million by threatening to leak his personal data. |
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Paytm powers Japan's new wallet 'PayPay', offers cashbacks to lure users
Posted on 22nd October 2018 |
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One97 Communications-backed Paytm on Sunday announced that PayPay Corporation, its joint venture between SoftBank Corp and Yahoo Japan Corporation, has launched PayPay, a smartphone-based settlement service in Japan. It is built around the QR-technology from Paytm that has over 300 million customers and over 9.5 million offline merchants. SoftBank is utilising Paytm’s technology and expertise in mobile payments. |
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Paytm Money appoints Cyrus Khambata to its board
Posted on 17th October 2018 |
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New Delhi: Paytm Money, the wealth management unit of One97 Communications Ltd., on Wednesday said it had appointed former executive director of Central Depository Services Ltd. (CSDL India) Cyrus Khambata to its board of directors. Khambata, considered an industry veteran in capital markets, has previously served as the managing director of CDSL Ventures and CDSL Insurance Depository. |
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Paytm Mall Maha Cashback sale: Rs 5,000 cashback offers and other deals on electronics, details inside
Posted on 12th October 2018 |
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Paytm Mall is offering cashback deals and discounts on the latest range of Sound Systems and Accessories. Under its ongoing Maha Cashback Sale, Paytam Mall is offering up to Rs 5,000 cashback on in-demand Headphones and Speakers from JBL, Sony, Apple, and Samsung. Customers can also avail an additional 10% cashback (up to Rs 2,500) on purchases made via ICICI Bank Credit and Debit Cards. |
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Paytm Mall sets aside Rs 501 crore for marketing budget during festive sales
Posted on 8th October 2018 |
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New Delhi: Paytm Mall, operated by Paytm E-commerce Pvt. Ltd, plans to offer cashbacks worth more than Rs 501 crore in the run-up to the festive season sales this Diwali. The online retailer’s major sale event called the ‘Mera Cash Back Sale’, which coincides with Flipkart’s Big Billion Days and Amazon’s Great Indian Festival, will run from 9-15 October, the company said in a statement. |
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