[ad_1] The foreign portfolio investors (FPIs) have been offloading Indian shares amid concerns over slowing economic growth and expensive valuations. The December quarter saw overseas investors pulling out $12 billion worth of shares from the Indian market. Company Value Change %Change Among the large caps, private lender IndusInd bank, Star Health and Allied Insurance and […]
Paytm-parent One97 Communications sells stake in Japan’s PayPay To SoftBank – CNBC TV18
[ad_1] Paytm’s parent company, One97 Communications said on Friday its wholly owned Singapore-based unit, One97 Communications Singapore Private, has sold the company’s stake in Japanese credit card company PayPay, though it did not disclose the value of the deal. Company Value Change %Change “We wish to clarify that we have been informed by One97 Communications […]
Zomato to acquire Paytm’s entertainment ticketing business for ₹2,048 crore – CNBC TV18
[ad_1] Zomato will acquire Paytm’s entertainment ticketing business for Rs 2,048 crore, the online food delivery platform and the fintech firm announced on Wednesday, August 21. The acquisition will help Zomato spruce up its “going-out” segment, while the beleaguered fintech firm will sharpen its focus on core payments and financial services distribution. The sale agreement includes […]