Paytm Flagged by Sebi for Related-Party Transactions
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Paytm Flagged by Sebi for Related-Party Transactions

Digital payments firm Paytm received an “administrative warning” from thestock markets regulator on July 15 for allegedly entering into tranctions with agroup entity that were not approved by its board, shareholders and auditcommittee.One 97 Communications (OCL), which runs the fintech platform Paytm,disclosed the warning from the Securities and Exchange Board of India in afiling with…

Grievance of Paytm Staff About Layoff Resolved: Min

Grievance of Paytm Staff About Layoff Resolved: Min

The ministry of labour and employment Wednesday said its regional office in Bengaluru has resolved a layoff related grievance filed by an employee of payments aggregator Paytm. “The representative of the management of Paytm appeared before the regional labour commissioner, Bengaluru, on Wednesday and agreed not to recover the joining bonus and to pay the…

Paytm Bank, Auditor Lock Horns Over Biz Viability
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Paytm Bank, Auditor Lock Horns Over Biz Viability

Paytm Payments Bank Ltd (PPBL) is at loggerheads with auditor JC Bhalla & Co., which has told the company it will have to qualify certification of accounts for FY24 with remarks that reflect concerns over viability, given that business has come to a virtual standstill due to regulatory curbs, according to three people with knowledge…

Zomato Confirms Discussions for Paytm’s Movies, Events Business
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Zomato Confirms Discussions for Paytm’s Movies, Events Business

Gurgaon based Zomato confirmed it is in discussions to acquire Paytm’s movies and ticketing business. The company said in a stock exchange filing. “We acknowledge that we are in discussions with Paytm for the aforementioned transaction, however, no binding decision has been taken at this stage that would warrant a board approval and subsequent disclosure…

Paytm Can Withdraw Application for General Insurance Licence: Irda
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Paytm Can Withdraw Application for General Insurance Licence: Irda

Fintech firm One97 Communications, owner of the Paytm brand, will now focus on the distribution of insurance products of other insurers after the Insurance Regulatory and Development Authority of India accepted Paytm General Insurance’s registration withdrawal application. Paytm General Insurance had approached the regulator for the withdrawal of its application for registration as a “General…