Latest news with #PCTL
&w=3840&q=100)
Business Standard
3 days ago
- Business
- Business Standard
Paytm share price rises 2% after arm incorporates Singapore subsidiary
One 97 Communications, parent company of Paytm, gained 2.4 per cent in trade on Wednesday, June 4, 2025, logging a day's high at ₹950.75 per share on BSE. The stock was in demand after its subsidiary Paytm Cloud Technologies incorporated its wholly owned subsidiary in Singapore. In the past one year, Paytm shares have lost 3 per cent as compared to Sensex's rise of around 12 per cent. At 11:45 AM, Paytm share price was trading 1.56 per cent higher at ₹942.5 per share on the BSE. In comparison, the BSE Sensex was up 0.21 per cent at 80,907.36. The market capitalisation of the company stood at ₹60,122.88 crore. The 52-week high of the stock was at ₹1,063 per share and the 52-week low of the stock was at ₹338 per share. Why are Paytm shares buzzing in trade? On Tuesday, June 3, 2025, after market hours, the company announced that its arm Paytm Cloud Technologies has incorporated its subsidiary in Singapore. "This is in furtherance to our letter dated January 20, 2025, wherein we had informed that our wholly-owned subsidiary, Paytm Cloud Technologies Limited, ('PCTL') will incorporate its wholly owned subsidiary in Singapore We have now been informed by PCTL on June 03, 2025, that it has incorporated a wholly owned subsidiary named Paytm Singapore Pte. Ltd. ('Paytm Singapore') in Singapore on June 3, 2025," the filing read. Further, the Board of Directors of PCTL, in its meeting held approved a subscription amount of SGD 2,50,000 towards the acquisition of 25,000 equity shares of SGD 10 each at par in Paytm Singapore. About Paytm Paytm is a digital payments and financial services platform, offering a comprehensive suite of services to both consumers and businesses. It enables users to perform a variety of transactions, such as online and in-store payments, mobile recharges, utility bill payments, ticket bookings, and peer-to-peer money transfers. Through its integrated ecosystem, Paytm has become a one-stop solution for everyday financial needs, majorly contributing to the adoption of digital payments across the country. In addition to consumer services, Paytm supports businesses with digital payment solutions, helping merchants accept payments seamlessly through methods like QR codes, UPI, and card transactions.
&w=3840&q=100)
Business Standard
3 days ago
- Business
- Business Standard
Stocks to watch today, June 4: ABFRL, Indegene, YES Bank, Waaree Renewable
Stocks to Watch Today, Wednesday, June 4, 2025: Indian equity market eyes snapping a three-day losing streak on Wednesday as it extends its range-bound movement amid mixed global cues. GIFT Nifty hinted at a higher start for domestic stocks. The early indicator was up 44 points or 0.18 per cent at 24,719 as of 7:35 AM. Equity benchmark in Asia advanced, taking cues from Wall Street after a firm labour market report. Last checked, Japan's Nikkei was higher by 0.77 per cent while China's CSI 30 was up 0.3 per cent. South Korea's Kospi was up over 2 per cent after left-leaning maverick Lee Jae-myung won the presidential election. Stocks in the US shrugged off the OECD's cut in growth forecasts after an unexpected increase in job openings. The S&P 500 index rose by 0.58 per cent while the Dow Jones Industrial Average was up 0.51 per cent. Meanwhile, US President Donald Trump signed a directive formally raising the steel and aluminum tariffs to 50 per cent starting June 4. Meanwhile, below are some stocks to watch during today's session: Aditya Birla Fashion & Retail: Walmart-owned Flipkart is preparing to divest its entire 6 per cent holding in the company through a block deal valued at around ₹600 crore. The transaction, if completed, would mark a full exit for the e-commerce major from the Indian fashion retailer. Waaree Renewable Technologies: The company secured a solar project worth ₹345 crore in Rajasthan from a prominent domestic renewable energy generation company. It landed the engineering, procurement, and construction (EPC) order for a 300 MW AC (alternate current)/ 435 MW DC (direct current) ground-mounted solar photovoltaic project in Bikaner, Rajasthan. Wipro: The information technology (IT) major secured a multi-year deal with Entrust to provide strategic resources, scale, and agility to help accelerate its growth. Wipro will deploy Gen AI-powered solutions to redefine self-service, resulting in improved user experiences, swift query resolution, and reduced support response times. YES Bank: The lender's board approved a fundraise of up to ₹16,000 crore through a mix of equity and debt. The bank plans to raise ₹7,500 crore via equity issuance and ₹8,500 crore through debt securities. Indegene: An affiliate of US-based Carlyle, CA Dawn Investments, is expected to sell a 10.2 per cent stake in healthcare tech firm via block deals for ₹1,420 crore, according to reports. Zydus Lifesciences: The pharma major has announced its entry into the global biologics contract development and manufacturing organisation (CDMO) market with a planned acquisition of two manufacturing facilities from US-based Agenus for up to $125 million (around ₹1,070 crore). Paytm: Paytm Cloud Technologies (PCTL), a wholly owned subsidiary of One97 Communications (OCL), incorporated Paytm Singapore on Tuesday. PCTL's Board of Directors approved a subscription of SGD 250,000 (Singapore dollars) toward the acquisition of 25,000 equity shares of SGD 10 each at par in Paytm Singapore. Oil India: The government-owned firm commenced natural gas production from the Bakhri Tibba block, located in the desert belt near the India-Pakistan border in Rajasthan's Jaisalmer district. Quess Corp: The company is setting up a dedicated business line for global capability centres (GCCs) as it aims to expand its presence in high-margin businesses and capture a share of a market expected to be worth $105 billion by 2030. Sun Pharmaceutical Industries: The pharma company said that it will discontinue development of its experimental oral drug, SCD-044, following disappointing results in Phase 2 clinical trials for the treatment of moderate to severe psoriasis and atopic dermatitis (eczema). Kaynes Technology: The company proposed an additional investment of up to $8.8 million to acquire up to 8.71 million equity shares of Kaynes Holding Pte. Ltd, its wholly owned subsidiary, at an issue price of $1.01 per share.
&w=3840&q=100)
Business Standard
3 days ago
- Business
- Business Standard
Paytm Cloud incorporates Paytm Singapore as wholly-owned subsidiary
Paytm Cloud Technologies (PCTL), a wholly owned subsidiary of Paytm brand operator One97 Communications (OCL), incorporated Paytm Singapore on Tuesday. Earlier this year, PCTL acquired a 25 per cent stake in Brazil-based embedded finance firm Seven Technology for $1 million. The acquisition of this stake will enable the company to better understand the merchants' business landscape in the Brazilian market, Paytm said.
