Country's largest lender State Bank of India on Wednesday said it has selected US-based Elavon Incorporation and Visa International as its joint venture partners for merchant acquiring business. Merchant acquiring business is facilitation of payment through debit or credit card at the retail outlets.
Take a look at the stars who posed with Kim Kardashian.
Fintech firm One97 Communications, owner of Paytm brand, is laying off an undisclosed number of employees and claimed that it is providing outplacement support for their smooth transition, according to a company statement. Paytm's sales employee headcount in March 2024 quarter dropped by about 3,500 to 36,521 personnel on a quarter-on-quarter basis, mainly due the impact of the Reserve Bank of India's ban on services of Paytm Payments Bank.
Somalian pirates were captured by Indian Navy ships Trishul and Sumedha during anti-piracy operations last week.
Sonakshi Sinha and Zaheer Iqbal are getting married over the weekend.
Film folk looked like a million bucks at Radhika Merchant and Anant Ambani's wedding festivities. But apart from the designer saris and lehengas, the ladies wore some exquisite jewellery pieces too.
In the backdrop of the crisis brewing at Paytm Payments Bank, major fintech companies are ramping up their workforce and inducting new faces in their leadership teams, industry sources said on Wednesday. Users will not be able to add funds to their Paytm Payments Bank Wallet after February 29, though they will still be able to use the services and the existing balance in the wallets, according to the Reserve Bank of India (RBI) diktat. Industry sources said that competitors to Paytm are investing heavily in offline payments while doubling their salesforce.
Trent Boult and his wife Gert Smith effortlessly stole the spotlight.
She looked absolutely stunning at her brother Anant's pre-wedding celebration.
Mumbai Indians stars from Sachin Tendulkar to Rohit Sharma were present in numbers at Anant Ambani and Radhika Merchant's pre-wedding bash in Gujarat's Jamnagar.
'Due to the Israel-Hamas conflict, a faction operating in the Red Sea -- which is a typically safe area - has been firing projectiles arbitrarily.' 'Additionally, there have been two incidents involving Somali pirates, and one vessel has been hijacked.'
The Reserve Bank of India (RBI) has recognised the Fintech Association for Consumer Empowerment (FACE) as a self-regulatory organisation (SRO) in the fintech sector, the central bank announced on Wednesday. The banking regulator received three applications for fintech SRO. Of the remaining two applications, one has been returned by the RBI with a provision for resubmission after meeting specific requirements, while the third application is still under examination, said Governor Shaktikanta Das at the Global Fintech Fest in Mumbai.
Indian Navy's mission deployed platforms responded swiftly to a maritime incident in the Arabian Sea involving the hijacking on board a Liberia-flagged bulk carrier, a Navy spokesperson said.
The list of guests included celebrities from across the globe, politicians, the who's who of Hindi and south Indian cinema world and almost all the top cricketers of the country.
Stars lit up the evening with their gorgeous avatars on Day 2 of Radhika Merchant and Anant Ambani's pre-wedding celebrations.
Iron ore mining major NMDC's results for the April-June quarter (Q1) of FY25 were better than estimates. Weak volumes were balanced off by higher realisations, better average selling price (ASP) and lower royalties which boosted bottomline. The revenue was in line with estimates at Rs 5,400 crore, flat year-on-year (Y-o-Y) and down 17 per cent quarter-on-quarter (Q-o-Q).
The pre-wedding festivities of Radhika Merchant and Anant Ambani aren't over yet!
Rajinikanth's older daughter Aishwaryaa gave us a little preview of her parents' visit to Jamnagar for the pre-wedding celebrations of Radhika Merchant and Anant Ambani.
Check out what your favourite celebrities have posted on social media.
The Adani family, led by Chairman Gautam Adani, is the most valued first-generation family business at Rs 15.44 trillion.
The late Vijay Merchant, who wore several distinguished hats on and off the field, followed the dictum of former England cricketer Patsy Hendren, when the great opener chose to retire from Tests after a last innings effort of 154 at Delhi, said ex-cricketer Vasant Raiji.
Sources close to the development told Business Standard the company was exploring different ways to save on its employee costs and had laid off a few employees on "performance" grounds. "We will see a similar development for the next few months. "The company is fine-tuning its hiring policies and implement rigourous measures to look into employee performance," a source said.
Paytm app users will continue to use all services like mobile and DTH recharges except for Paytm Payments Bank's offerings including wallet funds, Fastag and bank accounts, according to the company hit by RBI restrictions. Paytm Payments Bank users will not be able to add any funds to their wallet and bank accounts but will be able to use the balance until it is exhausted, according to the RBI order. "The RBI has issued a directive restricting Paytm Payments Bank account/wallet from accepting new deposits or allowing credit transactions after March 15, 2024.
The Indian Navy has deployed task groups comprising frontline destroyers and frigates in the central and north Arabian Sea and augmented its force levels in the region to undertake maritime security operations in view of recent attacks on commercial vessels in key shipping lanes.
Nita, Isha and Shloka Ambani were the real scene stealers.
Mobile wallet adoption is surging in India and swiftly becoming a primary payment option, surpassing traditional methods like cash and cards. Over the next few years, payments via mobile wallets in India are likely to surpass the Rs 531.8 trillion mark in 2028, witnessing a compound annual growth rate (CAGR) of 18.3 per cent between 2024 and 2028, according to GlobalData - a London-based leading data and analytics company. The value of mobile wallet payments in India, as per a GlobalData report, grew at a CAGR of 72.1 per cent between 2019 and 2023 to reach Rs 202.8 trillion ($2.5 trillion) in 2023.
Paytm operator One97 Communications Ltd on Wednesday said it is not in talks to sell a stake to the Adani Group. Adani group has also termed such reports as "false and untrue." Commenting on a report that billionaire Gautam Adani was in talks with Paytm CEO Vijay Shekhar Sharma for a possible stake buy, One97 Communications said, the "news item is speculative and the company is not engaged in any discussions in this regard."
Online food delivery platform Zomato will acquire Paytm's entertainment ticketing business for Rs 2,048 crore to strengthen its "going-out" segment in a deal that will help the troubled fintech firm to sharpen its focus on core payments and financial services distribution.
Unfazed by the recent controversies, Gujarat Chief Minister Narendra Modi described the United Progressive Alliance Government at the Centre as the "real merchant of death".
Choreographed by Vaibhavi Merchant, the musical will travel to the US and Canada.
Prepare to be obsessed with her pre-wedding styles.
National Hydroelectric Power Corporation, the central power utility, has shortlisted five merchant banks for its initial public offering likely to hit the market in first quarter of FY08.
The government plans to sell 5 per cent of its stake in Oil and Natural Gas Corporation through the further or follow-on public offering which at current prices can fetch up to Rs 13,500 crore (Rs 135 billion).
Merchant showed the door to Alok Kumar 4-2 in a well-fought quarter-final clash.
Cloth merchant Rajendra Saini, 42, his wife Mamta, 40, their relative Pooja Saini, 30, and her two-year-old son Titu are among the nine killed after terrorists opened fire at a bus carrying pilgrims in Jammu's Reasi district on Sunday evening.
Accepting National Investigation Agency's plea seeking custody of Tahir Merchant, a close ally of underworld don Dawood Ibrahim, for thorough interrogation in a fake currency case, a special Central Bureau of Investigation court on Friday remanded the accused to agency's custody till November 16.
An Indian Navy warship successfully intercepted a fleeing Bahamas-flag merchant vessel off the Diu coast after being pursued for a couple of hours on Tuesday.
The company, like Hindustan Petroleum and Bharat Petroleum, the two other government-owned oil marketers, sells diesel, kerosene and LPG at government regulated prices.
