Monday, March 27, 2023
Outlook India
Outlook Business


The Paytm board approved the buyback of shares worth Rs 850 crore on December 13, representing 6.67 per cent of the total paid-up share capital

It owned a total of 6.26 per cent shareholding in the company. In January, the Chinese multinational sold a 3.1 per cent stake

The Chinese e-commerce giant Alibaba joins technology firms including Alphabet and Baidu to compete to OpenAI and Microsoft’s ChatGPT AI chatbot

The Alibaba Group firm holds around 25 per cent stake in One97 Communications which operates under the Paytm brand

The development follows Alibaba's stake sale in BigBasket and Zomato

Innovation, investment and institutional support will be crucial in laying the groundwork that can give indigenous start-ups a fillip to gain their rightful place on the global podium