Paytm Financial News

At 10.20 am, the scrip was trading at Rs 969 on BSE, up 1.7% from its previous close. The stock hit high and low of Rs 984 and Rs 898 respectively.

cryptocurrency trading platform Coinswitch, which is funded by the likes of Tiger Global and Andreessen Horowitz, is planning to foray into Indian stock trading. This will see it go toe-to-toe with new-age investment players like Zerodha, Groww, Upstox, and Paytm Money. The company had earlier announced its plans to offer conventional investment products like mutual funds, US stocks, etc., widening its scope beyond cryptocurrencies, which have taken a battering over the last few years. Even though the price of bitcoin has recovered in the last six months, it is still half the highs it hit in November 2021. “The company is planning to apply for a stockbroker’s licence with SEBI (Securities and Exchange Board of India). There are also conversations going on with non-banking financial companies (NBFCs) and banks for offering fixed deposits,” a person aware of the matter said. For Coinswitch, the focus turned to Indian stocks after its plans to enable retail investment in US stocks were put on the backburner following the hike in tax collected at source (TCS) on foreign remittances under the Liberalised Remittance Scheme (LRS).

founder Vijay Shekhar Sharma on Thursday said cryptocurrency is here to stay and it is fundamentally based on cryptography, the study of secure communications techniques. Speaking at an interactive session organised by ICC virtually, Sharma said crypto is Silicon Valley's answer to Wall Street. «

"Will you be venturing into crypto? The answer is 100 percent. We would be 100%" 

Bitcoin offerings if the nation’s authorities removed regulatory uncertainty surrounding the adoption of cryptocurrencies. The rules around these assets remain in a “grey area,” Chief Financial Officer Madhur Deora said in an interview to Bloomberg TV’s Haslinda Amin and Rishaad Salamat Thursday. “Bitcoin is still in a regulatory grey area if not a regulatory ban in India,” Deora said. “At the moment

Paytm is preparing for public subscriptions to its Rs 18,300 crore IPO.