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Exclusive: IPO-Bound Paytm To Make Fresh Infusion In Nearbuy
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Data Intelligence Platform Tracxn To Go For IPO; Elevation Capital Looks For Exit
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Paytm president Amit Nayyar, 4 other senior executives resign ahead of IPO
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Paytm Money is going after the big bucks in futures and options trading
Sanchita DashJan 13, 2021, 15:42 IST
IANS
Paytm’s subsidiary
Paytm Money has now launched Futures & Options trading (F&O) on its platform at a flat fee of ₹10 for all trades.
In India, the F&O segment accounts for over 90% of the overall market volumes.
Paytm Money CEO said that the company is aiming at a daily turnover of ₹1.5 lakh crore and 1 million trades in the next 18-24 months.
Other players in the stockbroking market like Zerodha, Sharekhan, Angel Broking too offer F&O trading options. The Vijay Shekhar Sharma-led Paytm has made another big bet in the stock broking industry. Paytm’s subsidiary Paytm Money has now launched Futures & Options trading (F&O) on its platform at a flat fee of ₹10 for all trades. While an official rollout will be in a few weeks, the F&O trading option will be limited to 500 users initially.
As China intensifies crackdown, Jack Ma s Alibaba starts scaling down businesses
Decision to stop Xiami Music service comes days after Ma s Alibaba group announced to fold its financial operations as Chinese regulators stepped up crackdown on Jack Ma s financial technology empire
BusinessToday.In | January 6, 2021 | Updated 11:50 IST
Chinese billionaire and Alibaba co-founder Jack Ma
Chinese billionaire Jack Ma s company Alibaba has decided to shut down its music streaming platform, Xiami Music, from February, indicating the company s plan to stay away from Chinese entertainment industry. The music app was started in 2013 and the company had pumped in millions to make it competitive.