Paytm Mall plans to hire 2,000, moves 800 executives from One97

Paytm Mall plans to hire 2,000, moves 800 executives from One97

Paytm Mall plans to hire 2,000, moves 800 executives from One97

BENGALURU: Paytm transferred to 800 people from its parent One97 Communications in its entity – Paytm e-commerce manages Paytm shopping center during the expansion of its retail business.

The company with the support of Alibaba will also hire additional workforce of about 2,000 executives this year as it aims to create a significant presence in e-commerce.
Earlier this year, One97 Communications separated its trade and payments into two separate entities as it recently launched its payment bank. In total, the company employs more than 5000 people.

In March this year, One97 Communications received a $ 200 million equity injection led by Alibaba with SAIF partners participating in the cycle.

Paytm E-commerce is considered the leading vehicle for e-commerce focused on consumer Alibaba India.

Having had several conversations with various companies, including Flipkart, China’s major e-commerce has invested separately in Paytm trading.

Paytm mall recently named Amit Sinha as chief operating officer. The online market has also defined the roles of other executives in key positions.

Saurabh Vashishtha will handle marketing while Amit Bagaria bring the customer experience with Bhushan Patil care of the logistics. Sunil is Goyal the leading products and technology for trade platfrom.

Although Paytm changed its business three years ago, payments were the main drivers of Noida’s revenue. Paytm’s father recently amassed $ 1.4 billion in fresh capital from SoftBank in Japan, many of which referred to the payment business.

Paytm Mall, which rivals Flipkart and Amazon, also introduced new political sanctions and cancellations for vendors as of July 10, according to a communication sent to sellers by Paytm that was seen by TOI.

Paytm Mall has created different slabs of cancellation fee depending on the phase of control canceled or delayed by a seller.

Sinha said that the latest changes in consumer policy target the seller have an online experience of trust.

“We are constantly updating our reliable business partners on best practices so they can provide an enhanced consumer experience,” said Sinha.

Publish the start-up Paytm bank, the senior management of the company and the trading team have been busy taking care of the leading brands in its trading platform.

It has already signed deals with brands such as LG, Samsung, Blue Star, Godrej, Killer Jeans, Bureaucracy and others. Their goal is to edge the best brands in the coming weeks.

The firm pat on the online line model (O2O) for regulars aboard the brick and mortar stores on their platform.

An O2O chain allows consumers who do not shop online on multiple platforms. The company also supports its rapid response (QR) codes on the trading platform that has been allocated the crore Rs 600 investment this year.

NSE hit by technical glitch, trade halted

NSE hit by technical glitch, trade halted

NSE hit by technical glitch, trade halted

The day the markets reached record levels, there was a turnkey, in the form of a technical problem that affected NSE or national stock market through the morning trade.

“Due to technical reasons in the cash market, trade was stopped in cash and F & O segment (futures and options) of the NSE,” said the exchange.

However, at 12.30, trade finally resumed after being closed for most of the morning session. Some traders said they still had problems in the cash market.

NSE said money markets were operating normally, although it was acknowledged that there was a “display problem” that licensees reported that it limited their ability to place trades.

Market regulator Sebi or the Board of India Stock Exchange and Securities said he was in contact with NSE and monitor the system closely.

Share prices and individual indices have not been previously updated. Acting CEO NSE (CEO) J Ravichandran said the grant was trying to solve the “technical problem”.

The technical problem in individual stocks affected traders since the beginning of Monday’s session, which prevents them from placing trades, several dealers said.

NSE stock indexes have been updated during the open trade, but stopped shortly thereafter. Futures and options contracts began to be sold normally at the beginning, but the NSE has stopped providing estimates, according to dealers.

“At this point, our objective is to reactivate the market and we have to analyze the cause,” Ravichandran said after the market closed.

The rival NSE, EEB Ltd, said its change was working normally. The benchmark BSE rose 0.77% to a record level, surpassing its historic success on June 22

Indian stock exchanges have already suffered trade interruptions from time to time, but were quickly resolved.

NSE has tried unsuccessfully to re-open the trade at 11 am but failed to solve the ‘technical’ problems.

NSE is the latest of the two stock exchanges in India and sees more than 80 percent of operations in the equity derivatives market and share its platform. BSE is the oldest stock exchange in Asia, compared to controlling 14 percent of operations.

From Yashwant Sinha to Rajeev Chandrasekhar: Politicians fight a pitched battle over economy via newspaper articles

From Yashwant Sinha to Rajeev Chandrasekhar: Politicians fight a pitched battle over economy via newspaper articles

With the economic crisis turning into a shocking reality, several party leaders take the newspaper’s way of expressing their opinions to the public. It all began with biting criticism from the head of the BJP, Yashwant Sinha, Finance Minister Arun Jaitley, in an article entitled The Indian Express: “I miss my national duty if I did not speak even now against the disorder than Minister of Finance.

I am also convinced that what I say reflects the feelings of many people in the BJP and in other places that do not speak of fear, “said the former finance minister.He also listed several failures of the finance department, and warned against a difficult landing for the economy before the next elections of 2019.

“Increased oil is wasted and not only have inheritance issues been allowed to persist, they have become worse,” he said, calling for the demonetization of “unplanned economic disaster” and a poorly designed and poorly implemented GST. ” “The prime minister says he has seen poverty at hand and his finance minister is working over time to make sure all the Indians see him so close,” he said.

The government launched Jaitley’s defense with Minister of Railways Piyush Goyal and Interior Minister Rajnath Singh reiterating that the economy is doing well and the country is growing faster. However, Jayant Sinha, son of Yashwant Sinha and Minister of State for Civil Aviation Union, who tried the most vivid defense of the government, again in a newspaper.

In the Times of India article he wrote that the structural reforms initiated by the Narendra Modi government since 2014 constitute the third generation of reforms and inaugurate the new India. “The GST, demonetization and digital payments are a game changer to formalize the Indian economy,” he said in the article. He also listed several initiatives taken by the government to reform the economy.

These include the Jan Dhan-Aadhaar-Mobile scheme to stimulate financial inclusion, rural electrification, infrastructure and start-up policies. “Virtually all Indians will now have a basic safety net that guarantees food, electricity, employment, housing, a bank account, bathrooms, gas-fired cooking, insurance coverage, microcredit, and a road all the time.

At the same time, small and large enterprises will be able to thrive in a transparent, rules-based environment that provides the necessary facilities and funding. We are creating a robust new economy that will stimulate long-term growth and job creation for “New India,” it said in the article. He also listed a number of initiatives taken by the government to reform the economy, including Jan Dhan-Aadhaar-Mobile to generate financial inclusion, rural electrification, infrastructure and start-up policies.

“Virtually all Indians will now have a basic safety net that guarantees food, electricity, employment, housing, a bank account, bathrooms, gas-fired cooking, insurance, microcredit and highways of all types of time. large corporations will be able to thrive in a transparent and rules-based environment that provides the necessary facilities and funding. “It will drive long-term growth and job creation for” New India, “he said.

In response, congressional leader Kapil Sibal wrote an article in The Indian Express on Friday that lists the problems of the economy and wonders what promises New India. Demonetizing said that the Prime Minister’s support for the economy without money has made the poor with no cash, breaking their back.

An imperfect and unfortunate GST deployment has been fatal to the informal sector. The agricultural sector is in danger, as demonstrated by the number of suicides of farmers. Real estate, telecommunications and banking are all in disarray, he said. “Three and a half years have passed, and the economic situation becomes a more chaotic day,” he said.

Rajeev Chandrasekhar, a member of Rajya Sabha and vice president of NDA in Kerala, wrote another article in The Indian Express criticizing Yashwant Sinha’s comments: “I served with Sinha to the parliamentary committee on finance and its desire economic analysis is real and not dictated by his antipathy to the government, “he said in an article entitled” I also have to speak. “However, he listed the various problems that the economy suffered when the NDA government took over.

“This government has inherited an economy like this and slowly rebuilt during the last three years where GDP increased per capita income has increased, foreign direct investment is at a record high of nearly 160 billion, foreign exchange reserves are in a record level of nearly $ 400 billion, inflation has moderated and public finances following a roadmap for fiscal discipline after years of careless suffering “in” he said.

It also expanded the apparent camaraderie between P Chidambaram and Yashwant Sinha. “In 2014, Sinha had accused Chidambaram of committing fraud with budgets.” The policy, in this case, has created the lowest combinations, where two people are related only by their personal / political dislike of the current government, “he said. is irrelevant in its assessment of where we are today, perhaps a case of personal disaggregation overcoming facts and reality, “he concluded.

As word war between political leaders increases, the debate seems to have moved away from the economy. Counter-charges and accusations are now more personal and political.