CosmicTaco

Vijay Shekhar Sharma Vows Profitability, PayTM Shares Surge

CosmicTaco · 2024-09-12T10:55:56.244688+05:30

- PayTM shares rose 2% as CEO Vijay Shekhar Sharma committed to achieving PAT profitability at the AGM. - Sharma highlighted India's leadership in financial technology and the potential to extend it into AI. - The focus is now on core business areas like payments and financial services distribution. - PayTM aims to cut costs through AI adoption, with shares quoting Rs 681.05 on the NSE. - Despite a widened net loss in Q1FY25, the company plans aggressive cost-saving measures. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/markets/one-97-communication-shares-rise-as-vijay-shekhar-sharma-commits-to-profitability-at-paytm-agm-12820038.html)

PayTM shares rose 2% as CEO Vijay Shekhar Sharma committed to achieving PAT profitability at the AGM.
Sharma highlighted India's leadership in financial technology and the potential to extend it into AI.
The focus is now on core business areas like payments and financial services distribution.
PayTM aims to cut costs through AI adoption, with shares quoting Rs 681.05 on the NSE.
Despite a widened net loss in Q1FY25, the company plans aggressive cost-saving measures.

Source: Moneycontrol