Paytm stocks rise over 2% after selling entertainment ticketing business to Zomato
The Hindu
Paytm's owner One97 Communications rises 2% after selling entertainment ticketing business to Zomato for ₹2,048 crore.
Shares of Paytm's owner One97 Communications rose a little over 2% in the morning trade on Thursday (August 22, 2024) after the fintech company said it will sell its entertainment ticketing business to Zomato for ₹2,048 crore.
The stock of the company climbed 2.09%t to trade at ₹585.05 apiece on the BSE.
On the NSE, it went up 1.82% to ₹584.50 per scrip. In the intraday trade, shares of the Noida-based fintech company advanced more than 5% to ₹604.70 and 604.45 apiece on the NSE and BSE, respectively.
Meanwhile, shares of Zomato are trading almost flat at ₹260.30 and 260 per share on the bourses.
In the morning trade, the 30-share BSE Sensex jumped 166.24 points or 0.21% to 81,071.54, while NSE Nifty advanced 46.25 points to 24,816.45.
On Wednesday (August 21, 2024), One97 Communications said it would sell its entertainment ticketing business to Zomato for ₹2,048 crore.
Entertainment ticketing business, including movies, sports, and events, will be available on the Paytm app during a transition period of up to 12 months, it said.
The Thane police have arrested two co-founders of cryptocurrency exchange platform CoinDCX in connection with an alleged fraud of Rs 71.6 lakh, officials said
Meta Chief Executive Mark Zuckerberg is building a CEO agent to help him do his job, the Wall Street Journal reported
Insurance penetration and density are often misunderstood and do not reveal how many families are insured or whether they would be financially secure if the main earning member were to die. The real issue is not reach but adequacy, as households may have life insurance but not enough cover to replace lost income, leaving them financially vulnerable.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.
L&T confirms 95% of its West Asia project sites are safe, while addressing logistics challenges amid ongoing regional conflicts.
Mines Ministry to auction 19 critical mineral blocks on March 23, expanding strategic resources for clean energy and technology sectors.
Mines Ministry to auction 19 critical mineral blocks on March 23, expanding strategic resources for clean energy and technology sectors.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.
HDFC Bank terminates three senior officials over client onboarding issues at its DIFC branch amid ethical concerns following chairman's resignation.
Air India CEO warns of potential flight cuts and reduced travel demand due to rising fuel costs amid ongoing Gulf conflict.
Options are widely used by retail traders to speculate on the value of the stock for immediate gains and such behaviour in large scale can distort the market
India achieves 1 billion tonne coal production for the second consecutive year, ensuring stable energy supply and economic growth.
Generic drugmakers in India launch affordable Semaglutide versions, targeting a $1 billion diabetes and weight loss market.