All posts tagged: Paytm

Mumbai housing society pays Rs 2.5 lakh to residents annually! Paytm founder reacts: ‘You won’t believe this math’ | Trending News

Mumbai housing society pays Rs 2.5 lakh to residents annually! Paytm founder reacts: ‘You won’t believe this math’ | Trending News

Published by Parlour News

Mumbai, often called the city of dreams, is infamous for its exorbitant rents. Several netizens have shared the struggles of finding a flat in the city with a reasonable rent. However, a recent video posted by real-estate content creator Vishal Bhargava has stunned the internet after he shared details about a housing society in South Mumbai that offers an annual payment to its residents. In the viral video, Bhargava shares that the residents do not pay maintenance fees. The housing society, Jolly Maker, is located in Cuffe Parade, one of Mumbai’s most expensive residential neighbourhoods. According to Bhargava, flat owners in the society receive an annual payment of approximately Rs 2.5 lakh. “Get paid Rs 2.5 lakh to stay in this building in Mumbai. Yes, the building society actually pays the homeowner to live here,” Bhargava said in the video. “It’s so rich that owners don’t pay a maintenance fee to the society. Instead, the society pays every homeowner a dividend,” he added. Bhargava goes on to explain that the financial structure behind the arrangement …

Paytm Says Top Court Stays Rs 5,712 Crore GST Notice Sent To First Games

Paytm Says Top Court Stays Rs 5,712 Crore GST Notice Sent To First Games

Published by Webster

One97 Communications, which owns Paytm, said the tax matter is an industry-wide issue. (Representational) New Delhi: The Supreme Court has granted a stay on a Rs 5,712-crore GST notice sent to fintech firm One97 Communications-owned real money gaming platform First Games, a regulatory filing said on Saturday. The Directorate General of GST Intelligence, New Delhi had issued a show cause notice (SCN) to First Games in April. “We hereby inform you that First Games has informed us on May 24, 2025 at 10:44 am (IST) that in the writ petition …filed by First Games challenging the said SCN, the Hon’ble Supreme Court of India has on May 23, 2025 stayed the proceedings of the SCN,” the regulatory filing said. One97 Communications, which owns Paytm brand said the tax matter is an industry-wide issue and not limited to First Games and the matter is being heard by the top court. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.) Disclaimer: We do not own any …

Paytm Owner, CEO, Brother Settle Stock Options Case, Pay Rs 2.8 Crore

Paytm Owner, CEO, Brother Settle Stock Options Case, Pay Rs 2.8 Crore

Published by Webster

New Delhi: One97 Communications Ltd, owner of the Paytm brand, its CEO Vijay Shekhar Sharma and his brother Ajay Shekhar Sharma on Thursday settled with markets regulator SEBI a case pertaining to the company’s Employee Stock Options (ESOPs) by paying a total amount of Rs 2.8 crore. As a part of the settlement, Vijay Sharma will not accept any fresh ESOPs from any listed company for a period of 3 years, according to an order passed by SEBI. In addition, SEBI has directed One97 Communications (OCL) to cancel ESOPs granted to the two brothers. Accordingly, ESOPs of 2.1 crore and 2.23 lakh granted to Vijay and Ajay respectively were cancelled. Last month, Vijay Sharma voluntarily surrendered 2.1 crore shares worth about Rs 1,800 crore, One97 Communications stated in a regulatory filing. Further, OCL and Vijay Sharma remitted Rs 1.11 crore each, while Ajay Sharma paid Rs 57.11 lakh to settle the matter. Further, SEBI disgorged Rs 35.86 lakh from Ajay Sharma with respect to the sale of 3,720 OCL shares obtained upon exercise of the …

UPI Services Hit by Another Outage, NPCI Says ‘Working to Resolve the Issue’

UPI Services Hit by Another Outage, NPCI Says ‘Working to Resolve the Issue’

Published by Webster

A major outage on Saturday morning caused Unified Payments Interface (UPI) services to stop working across India, affecting thousands of customers. The UPI services on multiple platforms, like Paytm, PhonePe, Google Pay, Bhim, and more, were disrupted due to this outage. Moreover, it also extended to major financial institutions like HDFC Bank, State Bank of India, Kotak Mahindra Bank, and more. Multiple users across the country reported that they could not transact using UPI. This also marks the fourth disruption of UPI services within a month. UPI Services Down in India As per the latest data available on DownDetector, more than 2,000 people reported the outage. Users began reporting issues with UPI transactions around 11:26 AM IST, which peaked at 1:02 PM IST. This comes days after India’s most widely used digital payment system experienced two major outages within a week. The National Payments Corporation of India (NPCI) has acknowledged this and issued a statement on its official X handle. The tweet reads, “NPCI is currently facing intermittent technical issues, leading to partial UPI transaction …

UPI down again! Google Pay, Paytm, SBI users face major payment disruptions across India

UPI down again! Google Pay, Paytm, SBI users face major payment disruptions across India

Published by Webster

Frustrated users took to social media to report failed transactions, money deducted without confirmation, delayed refunds, and app crashes. Authorities are yet to confirm when services will be fully restored. Millions of users across the country are reportedly facing issues with Unified Payments Interface (UPI) transactions. Number of users claimed that major platforms like Google Pay, Paytm and SBI have reported widespread payment failures across India. As per Downdetector, a number of complaints about failed fund transfers has soar in a few minutes- users have reported about the app crashes and delay in the refunds whihc has surged throughout the day, peaking in the afternoon and evening (for some users). UPI transactions failed across multiple platforms The National Payments Corporation of India (commonly known as NPCI), which manages the UPI system, reportedly witnessed a massive spike in failure reports.  The issues reported by users include: 64 per cent of complaints related to fund transfer failures 28 per cent of issues with payments 8 per cent of app malfunctions The biggest …

UPI Services To Shut Down For These Mobile Numbers From April 1 | UPI Charges From 1st April

UPI Services To Shut Down For These Mobile Numbers From April 1 | UPI Charges From 1st April

Published by Webster

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Paytm Says Top Court Stays Rs 5,712 Crore GST Notice Sent To First Games

Paytm Gets Probe Agency Notice Over Foreign Exchange Rule Violation by Units

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New Delhi: The Enforcement Directorate has sent a notice to Paytm-owner One97 Communications for alleged violation of certain FEMA rules by the company and its two subsidiaries- Little Internet and Nearbuy, with respect to certain investment transactions, according to an exchange filing. Paytm clarified that the alleged breach pertains to the period when the two companies were not its subsidiaries. “We hereby inform you that a show cause notice…has been received by the Company on February 28, 2025…from the Directorate of Enforcement. This is in relation to alleged contraventions for the years 2015 to 2019 of certain provisions of the “FEMA” by the Company, in relation to its acquisition of two subsidiaries namely Little Internet Private Limited (“LIPL”) and Nearbuy India Private Limited (“NIPL”) erstwhile Groupon, along with certain Directors and Officers,” Fintech firm One97 Communications (OCL), which owns the Paytm brand, informed BSE that it has received a FEMA violation notice from the Enforcement Directorate on February 28 which does not specify financial impact but alleges contraventions in respect of aggregate amount of over …

Govt inks pact with Paytm for mentorship, market access, funding opportunities for startups

Govt inks pact with Paytm for mentorship, market access, funding opportunities for startups

Published by Parlour News

File photo for representational purposes only. | Photo Credit: REUTERS The government has inked an agreement with Paytm (One97 Communications Ltd) under which the company would provide mentorship, infrastructure support, market access, and funding opportunities to startups, an official statement said on Wednesday (February 26, 2025). The Memorandum of Understanding (MoU) was signed by the Department for Promotion of Industry and Internal Trade (DPIIT) with Paytm to foster innovation and accelerate the growth of manufacturing and fintech startups in India, the Commerce and Industry Ministry said. “As part of this collaboration, Paytm will provide mentorship, infrastructure support, market access, and funding opportunities to startups, helping them scale and innovate,” it added. This initiative, it said, aims to equip entrepreneurs with essential resources, enhancing their ability to develop cutting-edge payment and financial technology solutions. According to the DPIIT, the partnership aims to support fintech hardware startups through mentorship and innovation guidance, helping them develop and scale payment and financial technology solutions. “It also focuses on regulatory and compliance assistance by organising workshops and providing guidance in …

Business News LIVE Updates Today October 23, 2024: NPCI permits Paytm to onboard new UPI users

Business News LIVE Updates Today October 23, 2024: NPCI permits Paytm to onboard new UPI users

Published by Parlour News

Business News LIVE Updates Today: Get real-time updates on the biggest news from the world of business, stock market and more. Latest news on October 23, 2024: A cutlery vendor switches on Paytm, a digital payments firm, speaker for received payment details at a roadside market in Ahmedabad. (Used only for representation) Business News LIVE Updates Today: Follow for stories on Bill Gates, Elon Musk, Mukesh Ambani, Gautam Adani as we bring you everything that is happening in the world of business. Track latest gold and silver prices as well here. Stay on top of all things business with us. Disclaimer: This is an AI-generated live blog and has not been edited by Hindustan Times staff.…Read More Follow all the updates here: Oct 23, 2024 1:16 AM IST Business News LIVE Updates : NPCI permits Paytm to onboard new UPI users In January, the RBI, citing non-compliance, directed Paytm’s Payments Bank to stop onboarding new customers. Read the full story here Disclaimer: We do not own any of the content, ideas, images, or text presented …

Paytm Gets Approval From Payments Authority To Enroll New UPI Users

Paytm Gets Approval From Payments Authority To Enroll New UPI Users

Published by Webster

Paytm shares have lost around 10% since the central bank clampdown on Jan. 31. New Delhi: The Paytm said late on Tuesday it received approval from the country’s payments authority to onboard new unified payment interface (UPI) users, providing some relief for the financial services firm after a central bank-ordered ban on its banking unit. The National Payments Corporation of India (NPCI) granted its approval following a request by the company in August, Paytm said. The country’s financial regulator wound down Paytm’s banking unit in January due to persistent compliance issues, sparking worries about its key digital payments business and triggering a meltdown in its stock value. Paytm shares have lost around 10% since the central bank clampdown on Jan. 31. Earlier in the day, shares of the company shed more than 5% after it reported a 34% decline in revenue and a 25% drop in monthly transacting users for September quarter. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.) Disclaimer: We do …