Investment
MARKETS: Alibaba, Jack Ma Offload Stocks From Paytm Mall
According to reports, Paytm Mall’s largest investor, Alibaba Group, has sold its entire stake in the e-commerce entity.
Alibaba has sold a 28.34 percent stake, and Ant Financials (Netherlands) unloaded another 14.98 percent of its shares.
The company has sold a 43.32% stake for INR 42 crores. The shares were bought back by Paytm E-commerce Pvt Ltd, the parent entity of Paytm Mall. Paytm said it is facing some unique challenges because of the pandemic.
The company is facing pressure from declining market economics and demanding circumstances that impose continuous pressure on financial metrics, and the specified shareholders (Alibaba and Ant Financial) have expressed their desire to exit their investments in the company. The sale price of Jack Ma’s stake in Paytm Mall brings the company’s valuation down to Rs 100 crore from $3 billion.
AI Security Conference 2025 Hosted by Securado Highlights the Changing Cybersecurity Landscape
Oman Oil Marketing Company Concludes Its Annual Health, Safety, Environment, and Quality Week, Reaffirming People and Safety as a Top Priority
Jamal Ahmed Al Harthy Honoured as ‘Pioneer in Youth Empowerment through Education and Sport’ at CSR Summit & Awards 2025
Prime Minister of India Narendra Modi to Visit the Sultanate of Oman on 17-18 December
Oman’s Net Wealth Reaches $300 Billion in 2024, Poised for Steady Growth
IHE Launches Eicher Pro League of Trucks & Buses in Oman
Liva Insurance Honored with ‘Insurer of the Year’ Award for 2025
Oman’s ISWK Cambridge Learners Achieve ‘Top in the World’ and National Honours in June 2025 Cambridge Series
Report: How India & The Middle East Are Exploiting Immense Economic Synergies
OIG Appoints New CEO to Lead Its Next Chapter of Excellence
Power And Beyond: The Path To A Low-carbon Future
Al Mouj Muscat unveils Ghadeer Villas
Time to Buy Saudi Stocks? Some Investors Look at Dubai Instead
Renewables are booming, but not fast enough to cap greenhouse emissions
Retail Abu Dhabi’s ‘Unbox Amazing’ generates sales of more than AED 2 billion in participating stores
Hospitality Industry in Oman Estimated 90% Growth in 2022
Saudis Sign Deals From Energy to Metals in Bid to Salvage Forum
Saudi Arabia’s Gold Miner Plans to Be a Global Top-20 Supplier
Technology to drive Sultanate’s downstream industry
Digitization and Logistics Service Providers Can Help SMEs Make the Most of Peak Season Retail Trends
VIDEO: Robert MacLean on how NHI is Shaping Oman’s Next Generation of Hospitality Leaders
The Future of Oman: Decoding The Sultanate of Oman’s Strategic Promotional Nation Brand
EXCLUSIVE: AI, Robotics & Wearable Sensors are Changing the Lives of Dementia Patients
EXCLUSIVE: Talking Renewable Projects & Sustainability in Oman and Beyond with Vipul Tuli
VIDEO: Eng. Salim Al Thuhli, CEO, Khazaen Economic City on Investment Opportunities
H.E. Salim Al Aufi, Minister of Energy & Minerals talks about Oman’s Green Hydrogen Goals
VIDEO: Talking Latest Developments in Aircraft Ground Guidance & More at Oman Airports
VIDEO: Dr. Firas Al-Abduwani Discusses Green Hydrogen, Potential Regions for Development & Creating a Green Ecosystem
VIDEO: Discussing The Future of Green Hydrogen in Oman with H.E. Salim Al Aufi
Celebrating Infoline’s Remarkable 20-Year Journey
-
Banking & Finance2 weeks agoOman Oil Marketing Company Concludes Its Annual Health, Safety, Environment, and Quality Week, Reaffirming People and Safety as a Top Priority
-
Economy2 months agoMaal Card: What Oman’s New National Payment Card Means for Everyday Users
-
Leaders Speak2 months agoDhofar International Development and Investment Company: Driving Sustainable Growth and Strategic Synergies in Oman’s Investment Landscape
-
Events2 months agoOER Corporate Excellence Awards 2025 Honours Entities and Innovations in Oman
-
News2 months agoSheikh Suhail Bahwan, Chairman of Suhail Bahwan Group, Passes Away
-
News1 month agoOIG Appoints New CEO to Lead Its Next Chapter of Excellence
-
Economy2 months agoOman Unveils Official Omani Rial Symbol in Landmark Move to Boost Global Currency Presence
-
News1 month agoReport: How India & The Middle East Are Exploiting Immense Economic Synergies