Vijay Shekhar Sharma to buy home at Lutyens Delhi for ₹82 crores
Vijay Shekhar Sharma, the youngest indian internet billionaire has bought a residential property worth ₹82 crores in golf links area in Delhi.
Vijay Shekhar Sharma, the youngest indian internet billionaire has bought a residential property worth ₹82 crores in golf links area in Delhi.
Paytm Payments Bank will commence its operations starting May 23rd. The company plans to open 31 branches within the first year.
SoftBank has invested ₹9000 Crores ($1.4 Billion) in Paytm at a valuation over $8 Billion. The Japanese firm now owns around 20% of Paytm.
Paytm has confirmed that all required formalities have been completed and the company will officially launch its payments bank on May 23rd.
Nikhil Vora, who owned 0.35% of shares in One97 Communication has sold his stake to Alibaba for ₹150 crores. Alibaba & Alipay now own 45% of total Paytm stake.
Paytm is looking to acquire majority stake in Mumbai based online ticketing platform insider.in. Sources claim that deal could be worth ₹200 crores.
Kaalari Capital has agreed with terms set by Softbank for SnapDeal's sale to Flipkart. The proposed deal will value SnapDeal at around $1 Billion.
In a fresh funding round, Paytm has raised ₹1350 Crores ($200 Million) from Alibaba and SAIF Partners for its eCommerce arm.
After the final approval by RBI, Paytm is now expected to launch its payments bank by February 2017, Vijay Shekhar Sharma announced in a blogpost.
Qualcomm has recently questioned the security of Indian Mobile payment apps stating none of Indian companies are using hardware level security.