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Alibaba Pares Stake In Indian Payments Firm Paytm
Thursday, January 12, 2023 - 9:54am | 356Read More...On Jan 12, Alibaba Group Holding Limited (NYSE: BABA) sold a 3.1% stake in Indian digital payments firm Paytm for $125 million through a block deal. Alibaba, which held a 6.26% stake in Paytm as of end-September, sold the stake at ₹536.95 a piece, Reuters reports....
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Warren Buffett-Backed Paytm Stock Jumps 7% On Possible Buyback Plan
Friday, December 9, 2022 - 3:32am | 456Read More...Shares of One 97 Communications Ltd., which operates Paytm, India’s largest digital payments provider, soared over 7% in intraday trade on Friday after the company notified a board meeting to consider a share buyback. The board of the company backed by billionaire Warren...
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Warren Buffett, Jack Ma-Backed Paytm Tumbles To Lowest Since May After SoftBank Sells One-Third Stake
Thursday, November 17, 2022 - 7:30am | 453Read More...The stock of digital payments service provider Paytm — backed by billionaire Warren Buffett‘s Berkshire Hathaway (NYSE:BRK) (NYSE:BRK) and Jack Ma’s Alibaba Group Holding (NYSE:BABA) — lost nearly 10% of its value on Thursday in the Indian market. What Happened: The shares of Paytm’s...
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Warren Buffett, Jack Ma-Backed Paytm Is Down 60% Since IPO Debut — Analyst Sees It Doubling From Current Levels
Wednesday, November 9, 2022 - 3:47am | 532Read More...Digital payments service provider Paytm – backed by Billionaire Warren Buffett‘s Berkshire Hathaway (NYSE:BRK) (NYSE:BRK) and Jack Ma's Alibaba Group Holding Ltd (NYSE:BABA) – saw a turbulent debut on the Indian stock exchanges last year, but it is back again in the top analyst's...
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Are Low Interest Rates A Must For Tech Growth? Raoul Pal Says India Shows Otherwise
Tuesday, October 11, 2022 - 7:55am | 719Read More...Former Goldman Sachs executive and macroeconomic expert Raoul Pal has raised an interesting argument about how Indian growth tech companies are expanding significantly in a higher interest rate environment as compared to the U.S. There is a puzzle in trying to figure out....
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Why Alibaba-Backed Fintech Paytm Plunged 6% Today
Friday, August 12, 2022 - 3:09am | 322Read More...Shares of Indian digital payments service provider Paytm, backed by SoftBank Group Corp (OTC: SFTBY) and Alibaba Group Holding Ltd. (NYSE: BABA), fell close to 6% on Friday following a proxy advisory firm's opposition to the re-appointment of its CEO and the Reserve Bank of India’s (RBI)...
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'Paytm IPO Was All Hype:' Business Coach Who Went Viral Sees 'Massive Correction' For Startups
Sunday, May 29, 2022 - 9:04pm | 537Read More...India's startup ecosystem is in for a "major correction" and Paytm's IPO was "massive hype," according to a business coach and entrepreneur who went viral recently for his candid comments on the digital payments firm. What Happened: In an exclusive conversation with...
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Don't Go Buying Every Stock That Is Down 40-50%, Warns Prominent Indian Investment Banker
Wednesday, April 6, 2022 - 5:23am | 543Read More...Despite the subdued global cues from the foreign markets, the Indian stock market has given a pretty decent return of almost 13% to investors in the past month. However, Hemang Jani, the equity strategist & senior group VP of Motilal Oswal Financial Services — an Indian...
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One Of India's Largest Payments Companies Says Open To The Idea Of Bitcoin Offerings
Thursday, November 4, 2021 - 7:35am | 308Read More...Paytm, one of India's largest payments portals, is mulling the possibility of accepting Bitcoin (Crypto: BTC) if the Indian government relaxes its regulations around the adoption of cryptocurrencies. What Happened: According to a report by Bloomberg, the Indian technology company would...
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Fintech Focus For July 19, 2021
Sunday, July 18, 2021 - 9:46pm | 1592Read More...Quote To Start The Day: “The greatest glory in living lies not in never failing, but in rising every time we fail.” Source: Nelson Mandela One Big Thing In Fintech: “Just recently, we hit a low in realized volatility.” “The market has had essentially no movement and...
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Fintech Focus For July 7, 2021
Tuesday, July 6, 2021 - 6:28pm | 1661Read More...Quote To Start The Day: “If you set your goals ridiculously high and it's a failure, you will fail above everyone else's success.” Source: James Cameron One Big Thing In Fintech: Chime was the most downloaded digital banking app in the U.S. during the first half of 2021, with 6...
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Fintech Focus For June 24, 2021
Wednesday, June 23, 2021 - 6:01pm | 2260Read More...Quote To Start The Day: “Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we.” Source: President George W. Bush One Big Thing In Fintech: The COVID-19 pandemic accelerated acceptance of...
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Fintech Focus For November 11, 2020
Tuesday, November 10, 2020 - 11:46pm | 2239Read More...Quote Of The Day: Get busy living or get busy dying. - Stephen King Fintech Movers: By adding fintech, SaaS businesses can increase revenue per customer by 2-5x* and open up new SaaS markets that previously may not have been accessible. - Andreessen Horowitz Benzinga’s Fintech Award winners...
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Buffett's Berkshire Hathaway Finds One Place To Deploy Cash Horde: Fintech
Monday, October 29, 2018 - 2:53pm | 558Read More...Warren Buffett and Berkshire Hathaway, Inc. (NYSE: BRK-A) (NYSE: BRK-B) have found a solution to one of the best problems a company can have--too much cash. What Happened Over the weekend, Berkshire confirmed previous reports it's investing in One97 Communications, the parent of Indian fintech...
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What Will Alibaba Do With MoneyGram?
Thursday, January 26, 2017 - 4:44pm | 438Read More...Moneygram International Inc (NASDAQ: MGI) shares are up 9.0 percent on Thursday after Alibaba Group Holding Ltd (NYSE: BABA) payment affiliate Ant Financial agreed to purchase MoneyGram for $880 million. The merger is the latest step in Alibaba’s international expansion efforts. According to...
