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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The fintech’s focus on financial discipline and profitable lines of business, combined with a change in who drives operations, has put it on a revival journey.
Paytm is charting an unexpected turnaround. The Noida-based fintech, in the December quarter of 2022-23, achieved what it calls “operational profitability” for the first time. On the occasion, its founder and CEO Vijay Shekhar Sharma stated, “We have achieved this milestone without losing sight of growth opportunities and keeping all compliances as well as risk factors under a strict watch.”
As milestones go, the importance of this one cannot be stressed enough. In April 2022, when the Paytm stock had dipped to Rs 571—less than a third of its listing price of Rs 1,950 in November 2021—Sharma, in a statement, …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
The loan aggregator keeps sending updates on WhatsApp even to users who haven’t applied for a loan. The company is exploiting a grey area in India’s telecom regulatory framework and WhatsApp’s policies.
