Paytm posts first net income after selling assets to Zomato

Paytm, under One 97 Communications Ltd, reported its first-ever net income of 9.3 billion rupees in Q2, aided by a sale of its events business and despite regulatory challenges. The fintech firm, facing stiff competition and regulatory setbacks, is refocusing on core areas like payments and loans after a workforce trim and restructured operations. https://ift.tt/R12rLgs