Vijay Shekhar Sharma: News

17 Jul 2024


Health check-up expenses got you worried? Try Paytm's new insurance

Digital payments giant Paytm has unveiled a new health insurance policy, "Paytm|Health Insurance," which extends its coverage to regular healthcare services.

10 Jun 2024


Paytm lays off more employees amid restructuring efforts

One97 Communications, the parent company of the fintech giant Paytm, has announced another reduction in its workforce as part of a company-wide restructuring plan.

29 May 2024

Adani Group

Gautam Adani discusses Paytm stake purchase with Vijay Shekhar Sharma

Gautam Adani, chairman of the Adani Group, is in talks with Vijay Shekhar Sharma, founder and CEO of Paytm, to acquire a stake in One 97 Communications, the parent company of Paytm.

22 May 2024


Paytm considers job cuts as losses mount after RBI clampdown

Paytm, a prominent fintech firm in India, is planning to streamline its operations and concentrate on core businesses, as revealed by CEO Vijay Shekhar Sharma in a recent shareholder letter.

06 May 2024


Paytm shares plunge 5% as COO Bhavesh Gupta resigns 

One 97 Communications Ltd., the parent company of Paytm, witnessed a significant 5% drop in share prices on Monday.

05 May 2024


Paytm President Bhavesh Gupta steps down ahead of Q4 results

Bhavesh Gupta, the President and Chief Operating Officer (COO) of mobile payments giant Paytm, has resigned due to personal reasons.

09 Apr 2024


Paytm Payments Bank's CEO steps down amid company restructuring

Surinder Chawla, the CEO of Paytm Payments Bank, has announced his resignation effective June 26.

14 Mar 2024


Paytm's parent company considers job cuts across departments

One 97 Communications, the parent company of fintech unicorn Paytm, is reportedly planning to reduce its workforce across various departments.

02 Mar 2024


Finance Ministry imposes Rs. 5.49cr fine on Paytm Payments Bank

India's Financial Intelligence Unit (FIU) has slapped Paytm Payments Bank, Paytm's banking division, with a hefty penalty of Rs. 5.49 crore for failing to report illegal monetary transactions through its accounts.

01 Mar 2024


Paytm delinked from its payment bank: Here's what it means

The board of directors at Paytm has approved the decision to discontinue inter-company agreements with Paytm Payments Bank Limited (PPBL).

29 Feb 2024


SoftBank reduces stake in crisis-hit Paytm to less than 3%

SoftBank has reduced its stake in Paytm, now holding only 2.83% compared to 5.01% previously, as reported in a recent exchange filing.

27 Feb 2024


Paytm shares up 5% again: What's fueling the rally

Paytm's stock saw another 5% boost today following the resignation of its founder, Vijay Shekhar Sharma, as chairperson and board member of crisis-hit Paytm Payments Bank Ltd (PPBL).

26 Feb 2024


Vijay Shekhar Sharma steps down as Paytm Payments Bank chairman

Paytm founder Vijay Shekhar Sharma on Monday resigned as a part-time non-executive chairman of Paytm Payments Bank Limited (PPBL).

07 Feb 2024


Paytm Payments Bank faces uncertain future as RBI denies concessions

There seems to be no respite for Paytm Payments Bank Limited (PPBL) as the Reserve Bank of India (RBI) has denied any concessions, including transferring accounts to other banks or extending the deadline past February 29, 2024.

05 Feb 2024


Paytm shares continue to crash, down 42% in 3 sessions

Paytm's stock has taken a significant hit, plummeting over 42% in just three sessions since the Reserve Bank of India (RBI) imposed restrictions on its banking unit.

22 Jan 2024


Paytm surpasses 10 crore monthly active users

Fintech giant Paytm recently announced that it has surpassed 10 crore monthly active users by December 2023.

23 Oct 2023


Paytm founder launches investment fund for AI, EV start-ups

Paytm's founder and CEO Vijay Shekhar Sharma has announced a SEBI-approved, Category II Alternate Investment Fund (AIF) named 'VSS Investments Fund.'

23 Dec 2022


No more cash burn at Paytm: CEO Vijay Shekhar Sharma

Paytm is done with cash burn in the business, said CEO Vijay Shekhar Sharma. Speaking at Business Standard BFSI Insight Summit event, he added that the company is already making great strides in controlling spending.

13 Mar 2022


Paytm founder granted bail after arrest for hitting DCP's car

Paytm founder and CEO Vijay Shekhar Sharma was arrested last month and released on bail, reports said on Sunday.

18 Nov 2021


Paytm debuts on NSE, BSE: Find all key details here

Today, the financial sector is clamoring about India's biggest initial public offering (IPO). Mobile payment platform Paytm's parent firm, One97 Communications, will debut on Dalal Street.

06 Oct 2020


Paytm to host app developers conference on October 8

Indian payments decacorn Paytm is gearing up to take on the dominance of Google.

13 Dec 2019


Paytm raises another $669.5 million from existing investors

Just a couple of weeks after raising a whopping $1 billion, One97 Communications, the parent of digital payments giant Paytm, has raised $669.5 million (roughly Rs. 4,724 crore) in another round of funding.

25 Nov 2019


Paytm raises $1 billion, becomes most valued Indian start-up

One97 Communications, a Noida-based company that owns digital payments platform Paytm, has raised around $1 billion in a recent funding round.

01 Jan 2019


Paytm Payments Bank back in business after RBI nod

After six months of inactivity, Paytm Payments Bank (PPB) has started adding new customers following a clearance by the Reserve Bank of India (RBI).

20 Dec 2018


Here's why RBI stopped Paytm bank from enrolling new customers

Although Paytm got off to a good start with its payments bank initiative, opening of new bank accounts and e-wallets abruptly came to a halt in August this year, thanks to the Reserve Bank of India (RBI).

25 Oct 2018


In an unforeseen twist, Paytm secretary claims she was extorted

In what can only be called an unforeseen twist in the extortion case involving Paytm employees and CEO Vijay Shekhar Sharma, the mastermind of the extortion plot has claimed to be a victim of extortion herself.

23 Oct 2018


Paytm CEO's secretary arrested for blackmailing him for Rs. 20crore

Two senior Paytm employees and their accomplice have been arrested by the Noida police for allegedly stealing personal and confidential information from Paytm founder and CEO Vijay Shekhar Sharma, and blackmailing the entrepreneur.

29 Aug 2018


5 exclusive features that Paytm offers

Paytm was founded by Vijay Shekhar Sharma in August 2010; it is based out of Noida.

18 Aug 2018


India's youngest billionaire slammed for Rs. 10,000 donation for flood-victims

With several avenues now open for providing financial help to flood victims in Kerala, several industrialists, politicians, celebrities, and the like, along with normal citizens, have started contributing.

03 Aug 2018


5 financial services offered by Paytm you should know about

Paytm is Noida-based E-commerce start-up that mainstreamed digital wallets in India, and helped us get rid of the unnecessary hassle of making cash payments.

30 May 2018


You may get WhatsApp payment feature next week

Earlier in February, WhatsApp did an initial roll-out of its payment feature in India which allows users to send and receive money through the chat app.

30 Jan 2018


200 Paytm employees including office boy become millionaires after stock-sale

About 200 former and current Paytm employees have become millionaires after selling their stocks in the company worth Rs. 500cr.

16 Nov 2017


Paytm now lets you borrow interest-free credit! Here's how.

Paytm has been expanding its range of services tremendously, and there's another new product in store.

07 Nov 2017


Now you can send, receive money using BHIM-UPI on Paytm

After introducing Paytm "Inbox" in-app messaging feature, the Indian digital payments leader has now launched yet another exciting feature.

06 Oct 2017


Paytm Payments Bank incurred Rs. 30cr loss in 7 months

In its regulatory filing to Registrar of Companies (RoC), Paytm Payments Bank informed that in the time period between August 2016 and March 31, 2017, it has incurred losses of Rs. 30.7 crore.

01 Sep 2017


Paytm looking to become a full-service bank through partnerships

Paytm's rise to prominence during the demonetization-phase fuelled its ambition to get into the banking business.

17 Aug 2017


Narendra Modi will meet 200 start-up entrepreneurs to discuss ideas

Prime Minister Narendra Modi will be meeting the 'champions of change', who have set up successful businesses from the grounds up, today at a session organized by federal policy think tank NITI Aayog.

07 Aug 2017


CEOs: Deciphering the enigma and busting the boardroom's myths

It's a thinking-out-loud kind of a situation. What makes a CEO tick?

26 Jul 2017


Paytm, Hong Kong-based AGTech Media to develop games jointly

One97 Communications-owned digital payments giant Paytm inked a joint venture deal with Hong Kong's lottery company AGTech Media, a wholly-owned subsidiary of AGTech Holdings.

07 Jun 2017


Paytm founder Vijay Shekhar's new Lutyens' zone acquisition

Paytm founder Vijay Shekhar Sharma has a new property: 6,000-sq-ft residential premises worth Rs. 82cr at New Delhi's coveted Lutyens' zone, one of India's most expensive locations.

25 Mar 2017


Going cashless to support "Digital India"

Indians are more accustomed to having money in their physical wallets than a digital one.

29 Oct 2016


Flipkart's Sachin Bansal eyes lobby group for start-ups

Flipkart's co-founder Sachin Bansal is eyeing the possibility of creating a lobby group for start-ups across the country.

Need to remove hurdles to achieve 8% sustainable growth

Speaking at the 32nd India Economic Summit, Commerce and Industry Minister Nirmala Sitharaman said Indian economy can achieve an 8% sustainable growth in the coming years.

07 Aug 2016


Big Bazaar goes online with Future Group and Paytm Partnership

Retail company Future Group tied up with Paytm, an e-commerce mobile payment and commerce platform this month.