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Paytm told to pay Rs 35,000 for delivering wrong watch

Monday, October 21, 2019, 12:04 PM

A consumer forum directed Paytm to pay about Rs.35,000 to a consumer for delivering a different watch instead of the Apple Watch he had ordered. The complaint, submitted that he made an online-purchase of Apple Watch Series-1 worth Rs.22,900 on February-22. He said that the product was delivered on February-24, but added that instead of the Apple Watch, a watch worth Rs.2,350 was delivered.
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Paytm Says It Is Profitable At Contribution Level With $100 Bn GTV

Monday, October 14, 2019, 4:42 PM

Paytm on Monday said it has achieved profitability at the contribution level. Paytm's Deputy CFO Vikas Garg said Paytm's contribution margin has grown from a loss of 30% to profit of 12% of the revenue. Garg also said that the company has recorded a gross transaction value (GTV) of $100 billion, up from GTV of over $50 billion in FY19.
 
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Rana Kapoor, promoter entities sell 2.75% in YES Bank

Saturday, September 21, 2019, 8:19 PM

Promoter group companies of Yes Bank along with co-founder Rana Kapoor have sold a combined 2.75 percent stake in the lender through the open market. Yes Capital (India) Pvt Ltd, Morgan Credits Pvt Ltd and Rana Kapoor have sold a combined 2.75 percent in Yes Bank through open market process, Morgan Credits said in a regulatory filing on September 21.

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