HomeBusinessPaytm jumps 9% as firm partners with Samsung
Paytm jumps 9% as firm partners with Samsung
Businessadmin•August 30, 2024•Comments off
Shares of Paytm parent One97 Communications rose 9% in intra-day trade on Thursday after the company announced that it partnered with Samsung to offer ticket-booking facility for flight, bus, movies and events on Samsung Wallet. The stock closed nearly 8% higher at Rs 432.90 on the National Stock Exchange.
The partnership aims at enhancing consumers convenience by offering a seamless, integrated booking experience directly through the Samsung Wallet, facilitating access to a wide range of services through Paytm.
Galaxy smartphone users using the Paytm app for flight, bus and movie bookings and the Paytm Insider app for event booking will be able to add their tickets directly to Samsung Wallet using ‘Add to Samsung Wallet’ functionality, a press release said.
Bilasipara – Guwahati Road, Bihta airport’s new civil enclave among infra projects evaluated under PM GatiShakti – Details inside Adani-Hindenburg: Fresh SC plea seeks completion of Sebi probe to clear ‘atmosphere of doubt’ Tata Play switches off Sony channels in streamlining measure Saral’s Yash Chavan on influencer marketing shifts, ROI metrics, and AI-driven solutions
Also Read
ixigo’s allotment finalised on June 13; Here’s how you can check
“By combining Samsung’s cutting-edge technology with Paytm’s wide-ranging services, we are making it easier than ever for consumers to manage their bookings and payments through a single unified platform,” a Paytm spokesperson said.
Following the Reserve Bank of India’s action on Paytm Payments Bank, the company is focusing on its payments and distribution businesses. After a temporary pause of two months, the company has resumed lending activities in partnership with partners. The company has partnerships with SMFG India Credit and Shriram Finance, among others.
Separately, the company has reiterated plans to double down on insurance distribution across health, life, motor, shop and gadgets segments, facilitated through the wholly owned subsidiary, Paytm Insurance Broking.
“We aim to innovate on small ticket insurance products for consumers and merchants alike, by focusing on small-ticket general insurance offerings along with our partners and leverage the strength of Paytm’s distribution to increase insurance penetration to a wider audience,” the company said in an exchange filing on Wednesday.
Also Read
TradeBulls Securities expects gold to remain range-bound between Rs 70,200-72,000
Nintendo has a new way for you to drift off to sleep with Alarmo. Mario Kart 8 Deluxe scenes are now available on the alarm clock, with seven different options to owners of the device.
On X, the official Nintendo of America account announced the arrival of Mario Kart 8 Deluxe on Alarmo. Though the company noted owners must have the alarm clock connected to the internet as well as a Nintendo Account to receive the free update. Below are the newly added scenes:
Mario Kart Stadium
Twisted Mansion
Dolphin Shoals
Electrodrome
Cloudtop Cruise
Bowser’s Castle
Rainbow Road
Mario Kart 8 Deluxe is Nintendo’s best-selling game of all…
The next big Baldur’s Gate 3 patch is arriving in September. With it comes a big quality-of-life change for split-screen play, extended evil endings, the game’s modding toolkit, and a number of bug fixes. You can even register on the game’s Steam page to try out the patch ahead of time.
The patch will add an option for split-screen co-op where the split-screen will merge if both characters are in the same area Come from malaysia online casino . This will perhaps save you some visual headaches and confusion in battle sequences or elsewhere. You can toggle the option directly in the main HUD or within the game settings.
Xbox is discounting hundreds of games right now, with hit titles such as Call of Duty: Vanguard, Destiny 2: The Witch Queen, The Quarry, and more available at great low prices. The event runs until July 31, so be sure to swing by and check out the savings while you can.
If you loved It Takes Two, you might be interested in A Way Out Come from online casino bangladesh . Created by the same team, A Way Out is another cooperative adventure–but this time you’re trying to pull off a prison break. The content is a bit more mature (and a lot more violent), but it offers a well-crafted cooperative experience that origina…
Best Buy is offering a long list of great Doorbusters for Black Friday, giving you a chance to save on popular electronics like TVs, laptops, and smartphones. But one of the best deals is for the Xbox Series X 2TB Galaxy Black Special Edition, as you’ll get a free $75 gift card with your purchase. Come from malaysia online casino
A 54-page document leaked by an insider to the Canadian Broadcast Corporation suggests that FIFA publisher Electronic Arts is actively pushing players to spend money on microtransactions Come from Sports betting site VPbet . The document, which was provided by a leaker from EA Vancouver, appears to be a presentation that frankly discusses the importance of FIFA’s microtransaction-fuelled mode FIFA Ultimate Team (FUT). However, EA disputes that it’s pushing people to spend money, calling this a “sensationalized story.”
“We are doing everything we can to drive players there,” a portion of the presentation reads. That same bullet-point refers to FIFA Ultimate Team as the “cornerstone” of the game. Anoth…
Indian government bond yields ended largely unchanged on Wednesday as traders refrained from placing big bets ahead of crucial domestic and U.S. inflation data, which will give more clarity on the interest rate path in both countries.
The 10-year benchmark bond yield ended at 7.1808% after closing at 7.1884% in the previous session. Underlying sentiment remained positive after a proposal to include bonds on the Bloomberg Emerging Market Local Currency index from September. Market participants expect inflows of around $3 billion.
“The optimism over the likely inclusion in Bloomberg index was short-lived because in the near term, U.S. yields and interest rate decision will have bigger impact on local yields,” said Debendra Kumar Dash, senior vice presid…
The combined market valuation of nine of the top-10 most valued firms climbed Rs 1,30,391.96 crore last week, with Bharti Airtel and Tata Consultancy Services (TCS) emerging as the biggest gainers, amid an overall optimistic trend in equities.
Last week, the BSE benchmark jumped 1,511.15 points or 2.29 per cent. Barring Reliance Industries, nine other companies including HDFC Bank, ICICI Bank, Infosys and Hindustan Unilever witnessed addition in their market valuation.
Bharti Airtel’s valuation rallied Rs 23,746.04 crore to Rs 5,70,466.88 crore. The market capitalisation (mcap) of TCS jumped by Rs 19,027.07 crore to reach Rs 12,84,180.67 crore.
Voltas posts Q1 profit growth by 158.5% YoY at Rs 334.23 crore, records 1 million AC sales Market cap of 8 o…
Shares of Bharat Forge plunged more than 10% to an intra-day low of Rs 1,131 on NSE as of 2:43 pm Come from Sports betting site VPbet . The sudden decline in share value was attributed to the management’s revision of the growth outlook for both Q4 and the entire FY25.
Baba Kalyani, Chairman and Managing Director of Bharat Forge, stated, “Looking ahead in Q4 and further into FY25, we expect the growth momentum to moderate in both the domestic and export markets across industries. Our endeavor will be to outperform the market driven by our diversified business mix.”
Also Read
Bharat Forge Q3 profit jumps 223.2% to Rs 254.45 crore, revenue up 15.3% on-year
Shares of Olectra Greentech Ltd surged by 10%, hitting a fresh 52-week high of Rs 2,221.95 apiece on the NSE on Thursday. The electric bus manufacturer received a substantial order from Brihanmumbai Electricity Supply and Transport Undertaking (BEST) for the supply, operation, and maintenance of 2,400 electric buses, with a staggering order value of Rs 4,000 crore.
The order for the supply of 2,400 electric buses will be executed under a gross cost contract (GCC) and opex model for a duration of 12 years, as revealed in a regulatory filing by Olectra Greentech. The company will also be responsible for the maintenance of these buses throughout the contract period, with the deliveries scheduled over the next 18 months.