Paytm, Adani Group quash report claiming Gautam Adani stake talks with Vijay Shekhar Sharma

New Delhi/IBNS: Both Adani Group and Paytm on Wednesday dismissed recent media reports claiming Gautam Adani was likely in talks with Vijay Shekhar Sharma, the founder chairman and managing director of Paytm's parent company One97 Communications, to acquire stake in the Indian fintech major.

Paytm CEO expects near-term financial impact due to disruptions in Q4, hints at AI-driven job cuts

New Delhi/IBNS: Hinting at the likelihood of Artificial Intelligence (AI)-driven layoffs in the future, Paytm CEO Vijay Shekhar Sharma, in a letter to shareholders on Wednesday (May 22), said that the fintech company will focus on its core businesses and improve cost efficiencies to create a leaner organization.

Paytm fires 1,000 employees days after announcing to hire 50,000 people

Mumbai/IBNS: India's multinational fintech company Paytm has fired 1,000 employees days after announcing the hiring of 50,000 people, media reports said.

Paytm reports 32% jump in revenue to Rs 2,519 cr in Q2FY24, loss narrows to Rs 292 cr

Mumbai: One97 Communications, the parent company of Paytm, posted a consolidated revenue of Rs 2,519 crore for the second quarter ending September 2023, indicating a 32 percent increase compared to Rs 1,914 crore in the previous year, media reported.

Fullerton India partners with Paytm to expand digital lending to MSMEs

Kolkata/IBNS: Fullerton India and One97 Communications Limited, Paytm's parent company, have announced a partnership to provide lending products to merchant partners and consumers.