Going by the RBI directive and the overall narrative, Paytm may have lost the rigour of stress tests, audits and compliance.
Fintech firm One97 Communications, which owns the Paytm brand, on Wednesday said its loss in the fourth quarter of the financial year 2023-24 has widened to Rs 550 crore following the ban imposed by the RBI on transactions related to its payments bank. The company had posted a loss of Rs 167.5 crore in the same period a year ago, the company said in a regulatory filing. "Our fourth quarter FY24 results were impacted by temporary disruption on account of UPI transition etc. and permanent disruption because of the PPBL embargo.
Modi also alleged the opposition grouping will end the reservation given to SC, ST, OBC and give all of it to Muslims.
Banda chief judicial magistrate Bhagwan Das Gupta appointed Garima Singh, additional chief judicial magistrate (MP-MLA Court Banda) as the investigating officer in the case, the official said.
A revealing excerpt from Mani Shankar Aiyar's fascinating new book, The Rajiv I Knew.
One97 Communications Ltd (OCL), the parent firm of fintech major Paytm, has denied reports about any investigation by the Enforcement Directorate (ED) into the company, its associates, and its founder and chief executive officer (CEO), Vijay Shekhar Sharma. The company, in an exchange filing on Sunday, said it had cooperated with the authorities when users or merchants on its platform were subject to enquiries in the past. "We would like to set the record straight and deny any involvement in anti-money laundering activities.
Saturday's voting will mark the end to the marathon polling process that began on April 19 month and has already covered 486 Lok Sabha seats in 28 states and Union territories.
'There have been people who are the sons and the brothers of superstars, but they have not lasted more than one or two movies.'
A lot happened in the Bigg Boss house over the first weekend as Salman Khan hosted a dinner, played games with the contestants and welcomed the first celebrity guests on stage.
A single bench of Justice Sanjay Dwivedi ordered the release of Pateria on a bail bond of Rs 1 lakh, his senior counsel and former MP advocate general Shashank Shekhar told PTI.
Meet these Inspiring Lady Soldiers who made history this year.
'Besides Ayodhya, the BJP lost in nine other constituencies with a Ramayana imprint; it tasted success only in Thrissur.' 'In Rameswaram, K Navaskani of the Indian Union Muslim League won with a 44% voteshare in a 84% Hindu constituency.' 'In the 21 seats in the Ayodhya and Varanasi regions, both crucial to the Hindutva project, the BJP won just 7.' 'It won just 3 out of 12 seats around Modi's constituency,' points out Krishna Prasad.
If the Congress reached 90, it would have a pretty good chance of holding the BJP below the 272 mark. A hundred seats will rock national politics, argues Shekhar Gupta.
Priyanka's day out with Malti... Neha relaxes in Dubai... Sharmila enjoys an exhibition...
Sukanya Verma recaps all those events from 25 years ago.
'I thought of a suppressed country and a free world.' 'If we travel from one to another, what will that road look like?' 'What colours, music there will be? What kind of people would you see?'
Sarvanan was ranked fifth in the seventh race to go down to second spot with five more races lined up in the Olympic Qualifying Event.
After getting a seven-minute standing ovation at Cannes, Sunny Leone gave her friends at home a special preview of her new film, Kennedy.
The big surprise is that Narendra Modi, the greatest conjurer in our national politics, has not yet presented a theme to this election, observes Shekhar Gupta.
More than 48 lakh candidates appeared in the examination conducted on February 17 and 18 across the state.
People had also started gathering at Mukhtar Ansari's residence in Ghazipur and there was a large deployment of security personnel around the house.
Bollywood mixes work and travel in perfect ways.
Namrata Thakker takes a closer look at his well-lived life.
Songs from big ticket movies regaled on the strength of spunk and swagger even as pre-existing bangers like Diljit Dosanjh's Lover in Rocky Aur Rani Kii Prem Kahaani, Kohraa's Beqarar Karke Humein in Jawan and an Iranian wedding favourite Jamal Kudu in Animal grew a brand new fanbase in the course of enhancing the storytelling values.
Heeramandi, a passion project that took off after years in development and planning, mirrors Sanjay Leela Bhansali's film-making's finest and frustrating features, observes Sukanya Verma.
At a time when the role of corporate boards is once again under the scanner, independent directors on the Paytm Payments Bank board have indicated that red flags were raised over regulatory issues but they may have been late in doing so. "As independent directors, we asked questions and monitored responses to the Reserve Bank of India (RBI). Many changes were made on compliances. "Obviously, in retrospect, it was not found to be enough," said one of the independent directors on the condition of anonymity.
The vehicle used by the attackers of Dalit leader and Bhim Army chief Chandra Shekhar Aazad was recovered from a village in Uttar Pradesh's Saharanpur district, the police said on Thursday.
In mixed multihull - nacra 17, the Indian pair of Indar Siddeshwar Doiphode and Ramya Saravanan were placed fourth after race 12 with less than a minute's gap from the leaders in a tightly contested field. Doiphode and Ramya were third after race 11.
Following is the schedule of Indian contingent on Day 7 of the Asian Games:
'The point about arranged marriages is -- because I come from a progressive family -- the idea was completely alien. But I have realised over time that there are instances of assisted marriages working very well. If you look at it, really, in a microcosm, it is the same thing as Tinder, isn't it? I mean, if you are trying to meet -- yes, no, yes, no, no.'
Holidays on Ram Navami and Janmashtami, associated with the most popular of Hindu deities Lord Rama and Lord Krishna respectively, have been done away with and on the other hand, the number of days requiring schools to remain shut for Muslim festivals has been increased, Modi alleged.
Anil Kapoor goes back in time and remembers his journey into the movies.
The New Year brings with it a new slate of movie announcements. The stars update us:
A 10-year-old boy was killed when an Improvised Explosive Device (IED) planted by CPI-Maoists in Jharkhand's West Singbhum district exploded, a senior police officer said on Friday.
The Congress now knows that it is the only force -- however weakened it might be -- that stands between the BJP and India's evolution into a single-party Republic. Because, once it is out of the way, the BJP could sort out the other regional powers: Co-opting some, demolishing others, asserts Shekhar Gupta.
The Bihar government has asked staffers of the state education department not to wear casual outfits such as jeans and T-shirts in the office as the ongoing practice goes against the culture at workplaces.
Union Home Minister Amit Shah himself sounded more open to such a possibility in a recent interview.
If Indira Gandhi hadn't targeted the RSS, Narendra Modi wouldn't be sitting pretty with his second majority and looking at a third, asserts Shekhar Gupta.
Narendra D Modi and his party campaigned in these elections uncharacteristically without any big ideas. Of course, winning each election at all costs could be a big idea as well, observes Shekhar Gupta.
