Wednesday, December 1, 2021

Joey Lawrence and his Girlfriend Samantha Cope Engaged!

Joseph Lawrence Mignogna Jr., the popular American actor cum musician, is finally engaged to her girlfriend, Samantha Cop, the actress. The pair got engaged...

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Pakistan: Violence erupts over alleged insult of Quran, protesters set fire to police station

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Saudi Prince and President Biden makes efforts to reduce gasoline prices

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Electric Vehicle Charging Station by US LED

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Paytm targeting the biggest ever IPO in India

According to people familiar with the matter, Paytm, India’s leading digital payment provider, will conduct an initial public offering (IPO) at the end of this year, raising approximately 21.8 billion rupees, making it India’s largest IPO. Including Berkshire Hathaway Inc., SoftBank Group Corp.’s proposal from Ant Group Co., which plans to list in India in November, may coincide with the holiday season of Diwali. Paytm was previously called One97 Communications Ltd.

The company’s goal is to value between 2.5 and 30 billion U.S. dollars. One97’s board of directors is scheduled to meet this Friday to formally approve the IPO. Paytm refused to answer questions via email. The first transaction of Paytm shares will exceed Coal India Ltd.. Paytm’s proposal raised more than rupees 15,000 in the country’s largest IPO in 2010. The process is expected to start from late June to early July.

The bank did not quite immediately respond to a request for comment. The public market debut will include a complicated mix of new shares and existing shares to meet India’s regulatory conditions. Led by founder and CEO Vijay Shekhar Sharma, Paytm has been focusing on sales growth and monetizing its services for the past year. Digital payments in the fields of banking, credit cards, financial services, fund management and digital wallets. It also supports Financial Payments Backbone, Unified Payment Interface or UPI in India.

Paytm faces fierce competition from many global companies, including Walmart Inc.’s PhonePe, Google Pay and Amazon Pay. According to a recent blog post by the company, Paytm has more than 20 million business partners and users, and 1.4 billion transactions are made every month. In a recent conference call, CEO Sharma said that after pandemic-related spending stimulated digital payments, Paytm performed better every quarter for the first three months of this year.

Read More: Which is the most genetic diverse species in the World?

Latest Posts

Pakistan: Violence erupts over alleged insult of Quran, protesters set fire to police station

Violent protests have started in the Tangi area of ​​Charsadda district, located in Pakistan's Khyber Pakhtunkhwa province, after the case of alleged insults to...

Saudi Prince and President Biden makes efforts to reduce gasoline prices

President Joe Biden looked intensely frustrated. Inflation was approaching toward a 30-year high and Americans, rich and poor, could see the cost of gasoline...

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US LED's TurboEVC is an electric car charging station designed for commercial and industrial use. The Level 2 charging point is compatible with currently available...

Germany’s Plugin EV Market Share Exceeds 30% – An Unstoppable Force

In October, plug-in electric vehicles accounted for 30.4 percent of new vehicle sales in Germany, the world's fifth-largest auto market and Europe's largest. Full...

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