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Twitter Wars: DIPP snubs CAIT over Flipkart, Paytm case

With traders body Confederation of All India Traders (CAIT) alleging violation of foreign direct investment norms in the e-commerce sector by Flipkart and Paytm, the Department of Industrial Policy and Promotion (DIPP) on Monday said it is the RBI that...

Paytm to launch vehicle financing, insurance

Paytm, one of the largest online and mobile commerce players in India, will launch vehicle financing this month, and will soon after offer insurance service through third party partners. The move will help expand and consolidate its footprint in the automobile...

Paytm to create 1,000 top brand retail stores online

Paytm, India's largest mobile wallet has added 1,000 top brands to its portfolio and plans to set up exclusive brand stores to ensure original products and realistic promotions. These stores - which include Puma, Dell, HTC, HP, Whirlpool, Woodland, Lakme, Casio, Samsonite and Samsung...

Paytm to begin payments bank operation in August

Paytm, the digital payments firm, is planning to start its payments bank operation in the country by August with 20 million account holders. Paytm has already received a payments bank licence. According to a report in PTI: The Noida-headquartered company...

Paytm-backed LogiNext acquires YourGuy

LogiNext, the logistics solutions platform backed by Paytm, has acquired YourGuy, a cross-category last mile delivery company in Mumbai. LogiNext's last mile delivery vertical, Sprintr, will be absorbing the 200 delivery personnel and the team of 20 other employees. The...

HC restrains Unicommerce from using Paytm's data

Paytm had filed a lawsuit against Snapdeal owned Unicommerce for accessing confidential business data on Paytm’s commerce platform via the sellers. The Delhi High Court today has offered given some relief to Paytm, as it has restrained Unicommerce - unit...

Paytm takes Snapdeal to court over data theft

Paytm, the online payments and commerce platform, has filed a lawsuit against Unicommerce onwed by Snapdeal for accessing confidential business data on Paytm's commerce platform via the sellers on this platform. Paytm has also alleged that Unicommerce, which was acquired...

Alibaba initiates process to set up team in India

In a sign of things to come, Chinese e-commerce giant Alibaba has begun the process of setting up a team in India to look at merger and acquisition (M&A) opportunities. According to a report in The Hindu Business Line, Alibaba has...

Jugnoo raises $10 mn in funding round led by Paytm

Jugnoo, the auto-rickshaw aggregator and hyper-local delivery firm, has raised $10 million in series B funding led by Paytm, the mobile payments and commerce platform. The list of other investors includes names like Snow Leopard and venture capital firm...

Paytm to expand online travel business to drive more traffic

Paytm, the payment aggregator, has decided to expand its online travel business aggressively by branching out into rail, road, airline and tour bookings as it looks forward to drive more traffic to its portal that is largely payment driven. For...
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