This comes a day after ED carried out search operations across the country under Prevention of Money Laundering Act, in an investigation related to an app-based token named HPZ.
Analysis of 6 major tech IPO launches of 2021 — Zomato, Paytm, Nykaa, Fino Payments Bank, Policy Bazaar and CarTrade Tech — shows investor euphoria could be fading.
Varma resigned on 14 March due to 'personal commitments and other pre-occupations,' Paytm said. Varma also quit from the board of PB Fintech the same day.
RBI statement said action against Paytm Payments Bank based on “material supervisory concerns” & restrictions will continue pending an audit of its information-technology systems.
Buy recommendations on One 97 Communications, the operator of Paytm, climbed to 4 this week, up from just 2 at the start of the year. Sell ratings remained unchanged at 3.
Paytm is struggling to convince investors and analysts alike of the potential for its business model. Losses widened to Rs 474 crore in the September quarter amid rising expenses.
The exercise refers to card information stored by payment gateway and merchants to process future transactions. RBI said the data shall be purged after 30 June 2022.
Morgan Stanley has started coverage on the digital payments startup with an overweight rating and a price target of Rs 1,875, which implies 43% upside from Tuesday’s close.
The reach and impact of influencers are so significant that even politicians such as Prime Minister Narendra Modi have recognised their value—the National Creators Award is proof.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Both the governments expressed their commitment to strengthening their maritime cooperation to strengthen the maritime safety and security framework in the region.
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