Paytm will keep working beyond Feb 29: Vijay Shekhar Sharma allays user fear
On Friday, Paytm CEO Vijay Shekhar Sharma addressed user concerns following the Reserve Bank of India’s directive to its banking arm, Paytm Payments Bank, to cease fresh deposits by the end of February. The RBI’s move came after an audit revealed persistent non-compliances and significant supervisory concerns, prompting additional measures. Existing customers, however, retain the […]
Paytm Payments Bank says RBI curbs won’t affect user deposits in their savings accounts, Wallets, FASTags
Paytm Payments Bank Limited, affiliated with One 97 Communications Limited, has reassured users that the recent restrictions imposed by the Reserve Bank of India (RBI) will not impact deposits in their savings accounts, Wallets, FASTags, and NCMC accounts. The RBI introduced additional curbs, preventing the bank from operating its mobile wallet after February 29. While […]
Experion Technologies Launches Experion Foundation Aiming a Meaningful Impact on the Life of Under-served communities
Mumbai / Trivandrum, February 1, 2024: Entwining purpose with progress, Experion Technologies, one of the world’s leading Product Engineering and Digital Transformation services company headquartered in Kerala, has announced the launch of the ‘Experion Foundation’, an initiative dedicated towards improving the lives of the underprivileged through various compassionate contributions and support. Beyond its reputation for technological prowess, […]
Axis Bank Foundation wins Earth Care Award 2024 for its Community-Based Climate Action Work
Axis Bank Foundation (ABF), in partnership with Bharat Rural Livelihoods Foundation (BRLF), has been honoured at the 11th edition of ‘Earth Care Award 2024’ organized by JSW and The Times of India Group. ABF and BRLF have been recognized for their exceptional work in ‘High Impact Watershed Project in Chhattisgarh’ under the category of Community Based Climate Action Programme. The […]
PayPal unveils AI-driven products and one-click checkout feature in bid for revival
Under the leadership of Chief Executive Alex Chriss, PayPal has launched a series of innovative artificial intelligence-driven products and a one-click checkout feature. Chriss, who assumed the role in September, aims to rejuvenate the payments giant and capitalize on the growing investor enthusiasm for AI, which has recently driven US stock markets to record highs. […]
Tata Group and Airbus ink a made-in-India chopper deal. Details inside
In a significant development, Tata Group and Airbus have entered into an agreement to manufacture civilian helicopters, incorporating a substantial indigenous component, as revealed by Foreign Secretary Vinay Kwatra. The deal, a part of commitments made during French President Emmanuel Macron’s visit to New Delhi, involves the production of H125 helicopters. The agreement encompasses the […]
Microsoft crosses $3 trillion market cap mark for 1st time in its history
Microsoft briefly reached a market valuation of over $3 trillion on Wednesday, securing its position as the world’s second most valuable company. The stock saw a 1.7% increase to $405.63, pushing its market capitalization just above $3 trillion during market hours. Despite closing up 0.9% at a record high, the final valuation settled at $2.99 […]
Adani Wilmar to report Q3 results on January 31. Key details
Mumbai: Adani Wilmar Ltd., a subsidiary of the Adani Group, is scheduled to disclose its quarterly results on January 31, Wednesday, according to an official statement. The company will also host an earnings conference call with investors on the same day to delve into the financial performance. Earlier this month, Adani Wilmar reported a 6% […]
S&P 500 ends with record high for 2nd session in row
The S&P 500 secured its second consecutive record high close on Monday, bolstered by the continued upward momentum of tech stocks. Investors eagerly anticipate upcoming corporate reports to gain insights into this year’s profit outlook. As of Friday’s finish, the S&P 500 officially entered a bull market, marking a positive trend since its low on […]
HDFC Bank ADRs plunge 9% overnight! More selling ahead for private bank shares?
Mumbai, India: The American depositary receipts (ADRs) of HDFC Bank Ltd witnessed a significant 9% decline in overnight trading, following a 6.7% fall in the preceding session. This sharp drop, from $65.58 on Friday to $55.59 on Wednesday, within two sessions, has raised concerns about potential weaknesses for the private lender in the Indian market. […]