Paytm shares jumped 5% on the BSE in Thursday’s early trade, reaching a high of Rs 565, after the company received approval from the finance ministry to invest in its payment services business. After this approval, the payment services business, Paytm Payments Services Limited (PPSL), will resubmit the application for its payment aggregator license. “We … Read more
Shares of One 97 Communications, which runs Paytm, on Wednesday rallied 5% to hit an upper circuit level at Rs 395.25 on BSE. In the last four days of a non-stop rally, the counter is up over 21% as the worst of the regulatory crisis is seen to be over by investors. “Given the still … Read more
Shares of the crisis-ridden One 97 Communications, which runs Paytm, was back on the losing road on Thursday as the two-day ‘buy the dip’ rally fizzled out, taking the stock back to 10% lower circuit limit at Rs 447 on BSE. Fresh comments from RBI officials that the action against Paytm was taken after persistent … Read more
