Tag: VIJAY SHEKHAR SHARMA
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Paytm’s Singapore Entity to Divest Stake in PayPay for ₹2,364 Crore
Paytm’s Singapore unit, One97 Communications Singapore, is selling its stake in Japan’s PayPay to Softbank Vision Fund 2 for ₹2,364 crore. This sale is aimed at strengthening Paytm’s cash reserves and focuses on core business operations amid regulatory challenges. PayPay, valued at approximately ₹60,000 crore, holds a significant market share in Japan’s payment services sector.…
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Corporate News Update: December 6, 2024 – Job Creation and Strategic Shifts in India
Recent corporate news on December 6, 2024, highlights Paytm founder Vijay Shekhar Sharma’s praise for new-age tech firms and their job creation efforts. Canara Bank has received RBI approval for stake divestment. EQT is increasing its investment in India, while NTPC Green announced plans for a green hydrogen transmission network in Andhra Pradesh. On December…