Connect with us

Latest News

Paytm founder Vijay Shekhar Sharma breaks into tears

Published

on

Paytm founder Vijay Shekhar Sharma has broken out into tears during his address at the Bombay Stock Exchange (BSE) as the company got listed today on both exchanges.

Paytm IPO, which is India’s biggest ever, has seen a tepid listing, with the shares listing at a discount of 9% at 1,950 on NSE against its IPO issue price of 2,150 per equity share.

The three-day IPO of Paytm’s parent One97 Communications was launched on November 1 that concluded on November 3 with a price band of 2,080-2,150 per share. In a photo that went viral, Sharma was seen wiping tears with a handkerchief as he addressed a gathering in a hall of the BSE.

Vijay Shekhar Sharma, an engineering graduate, founded Paytm back in 2010 as a mobile recharge company. It grew quickly after ride-hailing firm Uber listed it as a quick payment option in India.

The government’s demonetisation move has given a massive push to the payments firm as people were just turning to digital payments. Paytm, which also counts SoftBank and Berkshire Hathaway as its backers, has since branched out into services including insurance and gold sales, movie and flight ticketing, and bank deposits and remittances.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Navi Mumbai Police Arrest African National With Rs 1 Crore Worth Of Cocaine In Ulwe

Published

on

The Anti-Human Trafficking Unit (AHTU) of Navi Mumbai Police arrested Jeorge Ocante DaSilva, a 35-year-old native of Guinea, on Monday for possessing 410 grams of cocaine, allegedly intended for illegal sale. Acting on a tip-off, API Alka Patil of the AHTU led a raid at RM Heights Building in Ulwe, where DaSilva was found in possession of the narcotics.

Around 2:30 p.m. on October 28, officers discovered 410 grams of cocaine, valued at approximately Rs 1,02,50,000, hidden in DaSilva’s bedroom. Authorities also seized a mobile phone, a black Tabata weighing scale, scissors, plastic packaging bags, and a sky bag, bringing the total seizure value to Rs 1,02,55,610.

An FIR was filed at Panvel City Police Station under Sections 8(a) and 21(a) of the Narcotic Drugs and Psychotropic Substances (NDPS) Act. Dasilva was presented in court and remanded to police custody until October 31, 2024. Investigations are ongoing, with the Crime Branch seeking potential accomplices and sources of the narcotics. Notably, Dasilva has a prior NDPS case registered at Nahar Police Station in Mumbai.

Continue Reading

Latest News

Taloja Society Chairman Detained For Allegedly Abusing Residents And Objecting To Diwali Decorations

Published

on

The chairman of a housing society in Taloja Phase One has been detained by Taloja police following allegations of verbal abuse toward residents, including women, and objections to Diwali lighting in the complex. The incident occurred on Tuesday night, sparking outrage among residents.

According to the police, the chairman is accused of abusing a woman with intent to insult her modesty, provoking a breach of peace, and engaging in criminal intimidation. A formal complaint was filed, and the chairman was promptly taken into custody.

The situation intensified after a video of the incident went viral on social media platform X (formerly Twitter), showing a group of men, allegedly from the housing society, verbally abusing residents and threatening to halt Diwali decorations. The video received widespread attention, with users expressing shock over the treatment of residents.

Police officials confirmed that the chairman’s detention is part of an ongoing investigation into the incident. Residents are awaiting further action as authorities work to address the disturbance and ensure the safety of the community amid Diwali festivities.

Continue Reading

Latest News

Thane Sees Surge of Nomination Filings for 2024 Vidhan Sabha Election

Published

on

The final day for filing nominations for the 2024 Vidhan Sabha General Election witnessed a surge of candidates in Thane district, with a total of 281 applications submitted across 18 assembly constituencies. This high turnout signals a competitive race for seats in the upcoming election.

Among the nominees, 114 candidates represent various political parties, while 167 have filed as independents, reflecting a diverse array of participants aiming to represent Thane’s voters. Nominations were filed throughout the day with election decision officers at each constituency, marking an essential step in the electoral process.

Collector and District Election Decision Officer Ashok Shingare announced that the scrutiny of these nomination forms is scheduled for October 30, 2024. Following this verification process, candidates who wish to withdraw their names from the race may do so until November 4, 2024.

As the election date approaches, Thane’s political landscape appears more dynamic than ever, with a record number of candidates ready to contest the assembly seats, making for an engaging electoral season for voters and candidates alike.

Continue Reading

Trending