The RBI authorisation was accorded to Paytm's wholly-owned subsidiary Paytm Payments Services Limited (PPSL) and serves as a significant expansion opportunity for the payment aggregator platform.
The shares of the company hit a fresh 52-week high of Rs 1,364.80 apiece on Monday, rallying a whopping 110% in less than nine months from its March low of Rs 651.50 apiece.
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The 30-share BSE Sensex pack, which surged 452.35 points to a fresh high of 86,159.02, closed 64.77 points down at 85,641.90. The broader NSE Nifty index slipped 27.20 points to finish at 26,175.75, ...
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One 97 Communications Limited, which owns the Paytm brand, has completed the transfer of its offline merchants' payment business to its wholly-owned subsidiary, Paytm Payments Services Limited (PPSL).
Flow of private funds in Series C and beyond fell to $3.5 billion as of December 1 from $4.03 billion in 2024. The decline in ...