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Paytm revenue impact: Paytm expects near-term impact on revenue, profitability from regulatory action: Vijay Shekhar Sharma

Paytms parent, One 97 Communications Ltd, is taking steps to “strengthen the governance framework across our group entities (especially regulated entities)” by appointing subject matter experts as advisors of independent directors, says founder Sharma in letter to shareholders. Going forward in the ongoing fiscal, Paytm also anticipates reduction in employee costs. ....

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Paytm expects near-term impact on revenue, profitability due to regulatory action: Vijay Shekhar Sharma, ET Retail

Paytm’s parent, One 97 Communications Ltd, is taking steps to “strengthen the governance framework across our group entities (especially regulated entities)” by appointing subject matter experts as advisors of independent directors, says founder Sharma in letter to shareholders. Going forward in the ongoing fiscal, Paytm also anticipates reduction in employee costs. ....

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Paytm shares rally 4% on cutting dependency on payments bank

Shares of One 97 Communications, parent company of Paytm, rallied 4% to Rs 420 after Paytm and Paytm Payments Bank agreed to discontinue inter-company agreements. Meanwhile, SoftBank Group sold 2.2% stake amid regulatory uncertainty. ....

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Paytm: SoftBank sells another 2% stake in Paytm - The Economic Times

SoftBank Group Corp has sold a stake of 2.17% in beleaguered Indian payments firm Paytm, an exchange filing showed on Thursday. ....

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Vijay Shekhar Sharma exits Paytm Payments Bank board; FM meets startup CEOs

Vijay Shekhar Sharma is stepping down as part-time non-executive chairman and board member at Paytm Payments Bank as part of a restructuring. This and more in todays ETtech Morning Dispatch. ....

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