India’s benchmark Nifty 50 index hit an all-time high on Friday, lifted by gains in Reliance and information technology (IT) stocks, and as the government’s fiscal prudence in its budget also boosted sentiment. Sensex Today: A bird flies past a…
India’s central bank has found hundreds of thousands of accounts at Paytm Payments Bank created without proper identification and has passed the information on to the country’s financial crime fighting agency, three sources familiar with the matter said. The interface…
India’s stock exchanges have cut the daily share trading limits for digital payments firm Paytm to 10%, from 20%, after a $2 billion rout in the stock following a regulatory crackdown on the company’s banking unit. Paytm’s market value crashed…
The directives issued by the Reserve Bank of India (RBI) will only impact the Paytm Payments Bank operations, not the Paytm’s application, the company’s founder Vijay Shekhar Sharma wrote on X. Paytm Payments Bank may shut down after February 29(Bloomberg)…
Minister for State for Electronics and Information Technology (MeitY) Rajeev Chandrasekhar spoke on the ongoing Paytm crisis on Saturday, saying that being a FinTech company doesn’t absolve anybody from regulatory oversight. Paytm’s banking business powers most features of India’s most…
With its shareholders now pushing for Byju Raveendran’s exit from the company, ed-tech company Byju’s continues to grapple with a financial crisis. Meanwhile, the overseas lenders of the company are also applying pressure on Byju’s for the missed payments. Byju…
Facebook co-founder and Meta CEO Mark Zuckerberg made a comeback in the top four of the billionaire’s list as he became over $27 billion richer on Friday with Meta’s quarterly profits exceeding the expectations of Wall Street. Meta’s CEO Mark…
India raised its windfall tax on petroleum crude to 3,200 rupees/ton from 1,700 rupees from Saturday while keeping the windfall tax on diesel and aviation turbine fuel at zero, the government said late on Friday. The government has raised the…
Ed-tech company Byju’s has been grappling with a financial crisis, and in their latest move, the shareholders of the company have moved a resolution seeking the ouster of the founders from top leadership roles, including CEO Byju Raveendran. Byju’s continued…
Meta Platforms added $196 billion in stock market value on Friday, marking the biggest one-day gain by any company in Wall Street history after the Facebook parent declared its first dividend and posted robust results. Meta shares see their biggest…