The announcement, made jointly by Paytm and PPBL, signals a significant shift in their corporate strategy towards enhancing the autonomy of PPBL and fostering its independent governance structure.
Following the announcement, brokerage firm Macquarie released a note interpreting Sharma's resignation as an attempt to "salvage some value from Paytm Payments Bank" by signaling a willingness to relinquish control.
The decision, reached during the EPFO's apex decision-making body, the Central Board of Trustees (CBT) meeting on February 10, sets the interest rate at 8.25 per cent, marking a notable increase from the previous year's rate.
The decision was announced following the resolution of the Monetary Policy Committee (MPC) meeting held from February 6 to 8, 2024.
The Brand Guardianship Index is a global acknowledgment of CEOs who contribute to business value sustainably by balancing the needs of stakeholders.
The advisory comes as a proactive measure to protect the financial interests of small traders, vendors, hawkers, and women who heavily rely on Paytm for their transactions.
The Reserve Bank of India (RBI) has issued a directive prohibiting Paytm Payments Bank Limited (PPBL) from accepting deposits or top-ups in any customer account, including wallets and FASTags.
Benchmark stock market indices fell sharply at the closing bell on Tuesday, sharply reversing gains in early trade.
Finance Minister Nirmala Sitharaman has indicated that the interim budget on February 1 will not feature major announcements.
Future Generali India Insurance reports increased consumer interest in customised health insurance policies. The Covid-19 pandemic has led to a re-evaluation of insurance needs, contributing to the company's growth.
In a bid to boost the technology sector, India has eased import restrictions on laptops and computers. The shift in focus to monitoring aims to ensure all imported goods meet necessary standards.
Vayana TradeXchange (VTX) has officially commenced its commercial operations, offering a unique and seamless trade financing solution for exporters and importers in India and around the world.
During her visit, Sitharaman is expected to have bilateral engagements with her counterparts from G20 countries and Heads of other delegations on the sidelines of the Spring Annual Meetings.
The department claimed that Ravi Gupta, a resident of Bhind, is a promoter of Tiya Traders, a diamond trading company registered as a firm in Surat and Mumbai.
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