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Paytm's parent One97 at net losses of Rs 3,960 Crore

Paytm's losses increased 165% in the last year, while income increased marginally at a moment when the digital payments leader faced enhanced challenge from competitors Google Pay and PhonePe. One97 reported net losses of Rs 3,959 for the fiscal year ending March 31, 2019, against Rs 1,490 cr that recorded in the previous year. The business recorded a net loss of Rs 4,217 crore from Paytm Financial Services & others.