Paytm

Adani and One97 Communications Break Silence: No Stake Purchase in Paytm, Despite Reports from Times of India

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Mumbai, India – Adani Group and Paytm’s parent company, One 97 Communications, have both refuted a recent media report suggesting that Adani was considering acquiring a stake in the Indian fintech company. The Times of India had reported that Gautam Adani was in talks to buy a stake in Paytm, but One 97 Communications dismissed the claim as “speculative” and stated that no discussions were ongoing. The alleged meeting between Paytm’s founder and CEO, Vijay …

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Resignation of India’s Paytm Banking Director Confirmed Amid Speculation – Get the Exclusive Scoop Here!

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Mumbai, India – The banking arm of Indian digital payments company Paytm has confirmed that one of its directors has resigned. The departure comes amid increased scrutiny of the company’s financial practices and management. The New Zealand dollar experienced a 0.3% dip, falling to $0.6130. This decrease followed remarks by Reserve Bank of New Zealand Governor Adrian Orr, who expressed concerns about the country’s high inflation rate of 4.7%. The central bank aims to reduce …

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Paytm CEO Vijay Shekhar Sharma in Battle Against India’s Regulatory Crisis: What’s at Stake for the Startup Rockstar?

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New Delhi, India – The CEO of India’s payment startup Paytm, Vijay Shekhar Sharma, finds himself in the midst of a regulatory crisis, as the country’s financial watchdog is considering canceling the bank’s permit. This comes as thousands of accounts at Paytm Payments Bank are reported to have been set up improperly, according to sources. The once high-flying startup’s shares have plummeted by 36% in just two days, marking a significant setback for the company. …

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