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Data Intelligence Platform Tracxn To Go For IPO; Elevation Capital Looks For Exit

Data Intelligence Platform Tracxn To Go For IPO; Elevation Capital Looks For Exit
inc42.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inc42.com Daily Mail and Mail on Sunday newspapers.

Paytm president Amit Nayyar, 4 other senior executives resign ahead of IPO

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

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

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.

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