The company's board accepted Neeraj Arora's resignation as a non-executive independent director due to pre-occupation and other personal commitments
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The deal is finalised will be the second big acquisition of Zomato after the food aggregator acquired quick commerce platform Blinkit (previously Grofers) in an all-stock deal worth Rs 4,447 crore
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Samsung collaborates with Paytm for its wallet services, while IRDAI accepts Paytm’s motion for insurance registration withdrawl
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The total value of UPI transactions processed on the Paytm platform grew to Rs 1.24 trillion in May, on the back of the company launching several initiatives for users such as Credit Card on UPI, as well as pushing the lever on UPI Lite.
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In an official statement, One97 Communications clarified, "The abovementioned news item is speculative, and the company is not engaged in any discussions in this regard
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Paytm however has denied any such development and called the news speculative
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Paytm says it is confident of seeing meaningful improvement starting from Q2 2024-25, based on restarting certain paused products and achieving steady growth in operating metrics
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Paytm is one of 29 stocks included in the MSCI Small Cap Index, likely driving USD 273 million inflows, crucial for benchmarking Indian companies internationally
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Gupta’s resignation has been accepted by the company and he will be relieved from the services with effect from close of business hours on 31 May 2024
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The IPO with Rs 2150 per share with a market value of Rs 18,300 crore, currently trades with an almost 84 per cent loss at Rs 344 on NSE
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