Category: Money & Banking

Paytm Shares Jump 7% As Board to Consider Share Buyback Plan at Dec 13 Meeting; Details

Paytm Share Price: Shares of One ninety seven Communications Limited, the discern entity of Vijay Shekhar Sharma-promoted Paytm, surged almost 7 according to cent to a excessive of Rs 542.ninety in intra-day trades on Friday after the business enterprise introduced its plans to don’t forget proportion buyback. According to a launch issued via way of […]

RBI To Launch Retail Digital Rupee On December 1 On Pilot Basis

The Reserve Bank of India (RBI) today announced that the retail digital rupee will be launched on December 01, 2022, on a pilot basis. The central bank has identified eight banks for phase-wise participation in this trial. The retail digital rupee will be in the form of a digital token that represents legal tender. The […]

RBI refuses to grant Paytm license as payment aggregator, asks company to reapply

The Reserve Bank of India (RBI) has refused to grant Paytm Payments Services (PPSL) a licence to operate as a payment aggregator, the company informed the bourses on November 26.The fintech company’s subsidiary had applied for authorisation to provide payment aggregator (PA) services for online merchants. This makes Paytm the only large payment gateway player […]

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