Paytm was last valued at $16 billion. If it hits its target, the IPO would be India's largest stock market debut ever, surpassing the debut of state-owned Coal India Ltd.
If successful, Paytm’s initial share sale would surpass that of Coal India, which raised more than 150 billion rupees in 2010 in the country’s largest IPO so far.
Several startups have emerged recently to signal the potential in India. Digital payments giant Paytm reached a valuation of $16 billion, making it the most valuable in the country.
The panel, which is looking into the Data Protection Bill, asked Paytm why servers with data of its customers are abroad when it claims to be an Indian firm.
Google has decided to strictly impose a 30% fee on all digital purchases through Play Store, but backlash from Indian firms has caused it to push back deadline.
Paytm move comes days after Google announced new policy of 30% cut in in-app purchases on Play Store. Google has now delayed its new payment rules for app developers in India.
Paytm founder Vijay Shekhar Sharma tweeted that a UPI cashback offer led to the suspension of the app and asked 'India to decide' if giving cashback is gambling.
If an app leads consumers to an external website, allowing them to participate in paid tournaments to win real money, it is a violation of our policies, Google said.
The irony with PC Alexander was that when Indira Gandhi returned to power in 1980, she handpicked him as Principal Secretary and he became her political adviser, conscience keeper and administrative trouble-shooter.
The 125 APAs include 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs). The total number of APAs since the start of the APA programme has risen to 641, with 506 UAPAs and 135 BAPAs.
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