A seismic shift is underway in the tech industry as two giants, Google and Paytm, grapple with the transformative power of Artificial Intelligence. Both companies are in the midst of significant layoffs, with over a thousand employees impacted, shedding light on the evolving landscape where technology meets the workforce.

Google & Paytm navigate layoffs in the AI era | World Business Watch

The parent company of Paytm, One 97 Communications, has decided to fire more than 1,000 employees across various departments, said a report by Economic Times citing sources, on Monday (Dec 25).

Paytm lays off more than 1,000 employees across various departments: Report

Paytm’s share price showed signs of recovery on Thursday, though it remained the worst performer in the BSE500 pack. Amid this recovery, some brokerages adjusted target prices after Paytm's revelation during an analyst meet that it would be scaling down monthly disbursements in its small-ticket 'postpaid' segment.

Paytm share price faces scrutiny amid strategic shifts & analyst concerns

India's Paytm will issue fewer personal loans of 600 dollars or less. This annoucement comes weeks after India's Central Bank tightened rules on consumer lending after a surge in demand.

Paytm to issue fewer personal loans of 600 dollars or less | World Business Watch

Indian digital payment giant Paytm witnessed a staggering 18 per cent decline in its share price on Thursday. This market turmoil followed the company's announcement of strategic plans to slow down its small-ticket post-paid loans.

Paytm share price falls 18pc amid plans to scale back post-paid loans

The Open Network for Digital Commerce (ONDC), joined by Google Cloud India, Antler in India, Paytm, Protean and Startup India, on Monday officially launched the 'Build for Bharat' initiative.

ONDC unveils 'Build for Bharat', seeks transformative e-commerce solutions

Leading digital payments platform, Paytm, is set to onboard 10 million merchants on the government-backed Open Network for Digital Commerce (ONDC) platform by the end of 2025.

Paytm pledges to enlist 10 million merchants on government-backed ONDC platform by 2025

WION's Business Desk brings you this daily round-up of global stories from the world of business and economy. Bitcoin surges past $41,000: Spot ETF approval and market dynamics drive the rally There has been a significant surge in the price of Bitcoin, surpassing $41,000 and reaching its highest level since April 2022.

WION Business Wrap | Bitcoin surges past $41,000, Paytm pledges to enlist 10 mn merchants & more

Berkshire Hathaway has sold its 2.46 per cent stake in PayTM's parent company -- One97 Communications -- at a hefty loss. Over 15 million shares of the FinTech firm have been sold on India's National Stock Exchange, at a loss of about 62 million dollars.

Berkshire Hathaway sells 2.46% stake at a hefty loss

Vijay Shekhar Sharma, the founder of Paytm, has taken a significant step into India's burgeoning artificial intelligence (AI) and electric vehicle (EV) sectors. According to a Bloomberg report, Sharma's VSS Investments Fund is valued at 300 million rupees (approximately $3.

Paytm founder launches $3.6 mn fund to boost AI and EV startups: Report

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 5.39 crore ($650,000) on Paytm Payments Bank for its failure to comply with Know Your Customer (KYC) norms and other specific regulatory provisions, as explicitly revealed in a press release issued by the central bank.

RBI slaps Paytm Payments Bank with a massive penalty. Here's why 

The launch of Card Soundbox, was announced on Monday by One97 Communications Limited (OCL), the company that controls the Paytm brand, Mint reported. According to a statement from the company, its recognisable Soundbox with “tap and pay” enables retailers to accept both mobile and card payments across all Visa, Mastercard, American Express, and RuPay networks, enabling them to grow their businesses.

Paytm’s newly launched “Card Soundbox,” enables credit, debit card payments

In 2000, after receiving a loan worth 8,00,000 rupees ($9,000), Vijay Shekhar Sharma founded Paytm's parent organisation – One97 Communications, which offered digital goods and services.

Flashback Friday: Pioneering the e-wallet ecosystem – The story of Paytm  

Paytm’s founder and CEO, Vijay Shekhar Sharma, plans to buy a 10.3 per cent stake from the fintech company Antfinin, a subsidiary of China’s Ant Financial for $628 million.

Vijay Shekhar Sharma to buy 10.3 per cent stake in Paytm from Antfin for $628 million 

Paytm, the trailblazing digital payments firm in India, has reported an astounding 39 percent surge in its quarterly revenue. The parent company, One97 Communications Ltd.

Paytm records spectacular 39% surge in quarterly revenue

Paytm, India's pioneering digital payments firm, is making headlines with a spectacular 39% rise in its quarterly revenue. Amid soaring demand for loans, the parent company, one 97 communications ltd, reported 286 million dollars in revenue for the three months ending June 30th, surpassing last year's figures. Paytm also accomplished an operating profit for the third consecutive quarter, reaching over 10 million dollars. the net loss has narrowed to over 43 million dollars, showcasing a remarkable turnaround.

Paytm reports 39% rise in quarterly revenue

India's central bank and regulatory authority has given Fintech company Paytm Payments Services Ltd a further 15 days to reapply for a licence to operate as a payment aggregator, the company announced on Sunday.

India: Paytm gets extension by central bank to re-apply for payment aggregator licence

The Bengaluru-based fintech firm Cred has stopped showing Paytm's merchant quick-response (QR) codes on its branded placards at offline stores. This step came in response to Paytm's complaint against Cred to the National Payments Corporation of India (NPCI) over the latter's false impression of other merchants' QR codes.

Paytm vs Cred: Cred stops using Paytm QR codes on its own placards after NPCI steps in

The Delhi-National Capital Region (NCR) has emerged as India's digital payments capital while Katpadi in Tamil Nadu is the fastest-growing city for digital payments with seven times growth this year, according to a report by Paytm on Wednesday (December 28).

Paytm says Delhi-NCR emerges as India's digital payments capital: Report

India’s National Payments Corporation of India (NPCI) and the Reserve Bank of India (RBI) are reportedly in the midst of deciding whether the unlimited transactions carried out via Google Pay, PhonePe and others should continue or not.

India: Google Pay, PhonePe and other UPI apps may impose transaction limit; Paytm to remain unaffected

Tokyo-headquartered SoftBank Group Corp on Thursday sold a 4.5 per cent stake in Indian digital payments giant Paytm through block deals for $200 million, following which a sharp fall was reported in Paytm shares.

Paytm shares tumble as SoftBank sells 4.5% stake worth $200 million

The latest sell-off in a string of divestments made by startups focused Softbank, has come from India. Japan's investment bank has sold 4.5% stake in Indian digital payment giant Paytm, for block deals for $200 million. The shares of Paytm owned by billionaire Vijay Shekhar Sharma fell more than 9% on the news of the trade.

Softbank sells 4.5% stake in Paytm, to slow down investments as valuation drops

Elon Musk revealed a few days earlier that the reason behind reviving the $44 billion Twitter deal is to make the microblogging site an “everything app”. “Buying Twitter is an accelerant to creating X, the everything app,” he had tweeted on Tuesday.

What is ‘everything app’ and why Elon Musk is super excited about it?

Mastercard has replaced Paytm as the new title sponsor of the Indian cricket team for their home matches. The Board of Control for Cricket in India (BCCI) on Monday (September 05) confirmed their association with Mastercard welcoming their new sponsor on board.

Mastercard replaces Patym as BCCI's title sponsor for India's home matches, domestic tournaments

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