The company’s net loss during the previous quarter of this fiscal was ₹377 crore.
However, its revenue from operations grew 64% Y-o-Y to ₹1,090 crore, driven by 52% growth in non-UPI payment volumes (GMV) and more than 3 times growth in financial services and other revenue. Its revenue from operations stood at ₹664 crore in Q2FY21.
The company is reporting its earnings publicly for the first time since listing recently.
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Govt May Think Of Lifting Curbs If Cases Decline Further In 3-4 Days, Says Jain
HEALTH Minister Satyendar Jain on Sunday said that a decline in the number of Covid cases over the past three days is a good sign and that if this remains the case over the next three to four days, then the government would take a relook at lifting curbs.
Man loses battle for life due to Covid protocols
Accident victim was shifted from one hospital to another after testing positive
Hospitalisation under 4%: Study
Sample size small, but hospital’s survey representative of Omicron surge across India
City records over 18K cases, sees a dip in positivity rate
CONTINUING with the declining trend in single day rise of Covid-19 cases, the national capital on Sunday recorded 18,286 fresh Covid-19 cases and 28 deaths.
U.K. MULLS SCRAPPING TESTS FOR VACCINATED TRAVELERS
The UK government is reportedly planning to do away with the requirement of mandatory Covid-19 tests postarrival into the country for fully vaccinated travellers, including from India, as part of preparations of having to live with coronavirus in the future.
Teen girl set to land in Brussels after record-breaking solo flight around the world
As teenage pilot Zara Rutherford flew ever onward in a record-challenging global odyssey, she met little as strange or scary as when she tried to squeeze in between North Korean airspace and a massive cloud threatening to cut off passage for her ultralight plane.
KOHLI ERA AS CAPTAIN ENDS, WHAT NEXT FOR INDIA?
IN the end, there are no ICC titles to show for captain Virat Kohli. They are not the yardsticks to measure a good captain. And even if he did, for a major part of his captaincy tenure, Kohli never came across as an astute captain.
Pacific tsunami threat recedes, volcano ash hinders response
THE tsunami threat around the Pacific from a huge undersea volcanic eruption began to recede Sunday, but the massive ash cloud covering the tiny island nation of Tonga prevented surveillance flights from New Zealand to assess the extent of damage.
Millions brace for snow as storm bears down on US
MILLIONS of Americans were braced for heavy snow and freezing rain Sunday as a major winter storm closed in on the eastern United States, knocking power out to an estimated 200,000 people and counting.
GRAND SETBACK FOR DJOKOVIC
World No 1 loses application by unanimous verdict in Federal Court at Melbourne, leaves home in ignominious crcumstances after almost two weeks of drama
Pivot: Scott Galloway
Super-Apps Are Inevitable Get ready for the first $10 trillion tech company.
India's Fintech Boom
A government-backed system of digital payments has set offa wave of innovation
Paytm's Sharma Is Ready To Take On The World
Vijay Shekhar Sharma, 41, founded closely held One97 Communications and its brand Paytm (rhymes with ATM) almost two decades ago.
‘Paytm Q4 payments revenue expected to be at $140 m'
Founder and CEO Vijay Shekhar Sharma said the company is building credit as the next line of business and it has crossed the number of loans issued by one of the leading NBFCs
Paytm shares down 46% from IPO price as concerns persist
SHARES OF ONE97 Communications, the parent company of Paytm, hit yet another low of 1,151.00 on the BSE on Monday, after foreign brokerage firm Macquarie maintained its 'underperform' rating on the stock. Over the last one month, the stock has lost 26.1% and over the last five trading sessions, it has fallen 13.6% while the Sensex gained 2%. Analysts have flagged off several concerns ranging from lower earnings estimates, rich valuations to senior management departures.
Paytm-Insuretech deal rejected by regulator
Paytm's links with Chinese investors might have halted approval by Irdai
पेटीएम इंश्योरटेक का सौदा नामंजूर
पेटीएम इंश्योरटेक द्वारा सामान्य बीमा कंपनी रहेजाक्यूबीई की प्रस्तावित खरीद को भारतीय बीमा नियामक विकास प्राधिकरण (आईआरडीएआई) से अनुमति नहीं मिली है। इस सौदे को फिर से निदेशक मंडल के पास भेज दिया गया है।
2021 sets a unicorn record, but with delay factored in
2021 was 60 months. It was as much as 79 months in 2019 before the pandemic. The exceptions this year include companies like blue-collar job portal Apna, which got there in 12 months, and cryptocurrency platform CoinSwitch Kuber, which managed it in eight months. Both these start-ups are based out of Bengaluru.
ICICI Bank, Axis Bank thrive on API, UPI, Platforms
While Bharat Bank unit of Axis Bank will offer tailored rural products with increased physical & digital reach over the next 3 years, ICICI Bank has created 19 industry specific stacks to provide digital solutions to corporate clients:
Moving swiftly to adopt technology and expand services
Telangana based co-operative bank is planning to increase its average digital transaction count to 0.2 million by end of 31st March 2024: