One97 Communications News Today

Godrej Consumer Products, Lupin, Indian Bank, Marico, Grindwell Norton, Happiest Minds, Route Mobila, Fusion Micro Finance, GHCL and more will announce their quarterly earnings later today.

Shares of Paytm parent One 97 Communications fell 5% on Monday after its president and chief operating officer Bhavesh Gupta resigned. More on this in todays ETtech Top 5.

India Business News: One97 Communications (OCL), which owns brand Paytm, on Saturday said the company's president and chief operating officer (COO) Bhavesh Gupta has resig

Paytm's president and COO, Bhavesh Gupta, resigns citing personal reasons. The company announces leadership changes and organizational restructuring for growth and compliance. Varun Sridhar to become CEO of Paytm Services and Rakesh Singh appointed as CEO of Paytm Money.

The wealth management app has not filed an official communication to the stock exchanges or got board approval for the new appointment.

Foreign portfolio investors increased stake in One97 Communications, parent company of Paytm, by over 2 percentage points to 20.64 per cent in the March 2024 quarter.

Paytm listed as One 97 Communications Ltd said on Tuesday Surinder Chawla, Managing Director and CEO of Paytm Payments Bank Limited (PPBL) has tendered his resignation on April 8, 2024. The firm said Chawla resigned on account of personal reasons and to explore better career prospects.

The development comes almost two months after Paytm E-commerce Private Limited rebranded itself as Pai Platforms and took over Bitsila, which is a Bangalore-based seller-side platform on ONDC.

ETMarkets has identified seven such stocks with market capitalizations exceeding Rs 5000 crore that faced declines ranging from 25% to 55% during the same fiscal year.

Paytm is also in talks with Canara Bank and Kotak Mahindra Bank for merchant acquisition business, says the report