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Business

ED questions Paytm executives, gets documents on latest RBI action

The Enforcement Directorate has questioned senior Paytm executives and taken submission of documents from them following the recent RBI action of barring Paytm Payments Bank Ltd from accepting deposits or top-ups in any customer account, official sources said Thursday.


India successfully built best digital economy, finance architecture in world: Nobel winner Spence

Noting that India is a major economy with the highest potential growth rate right now, Nobel laureate economist A Michael Spence said the country has successfully developed by far the best digital economy and finance architecture in the world.


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RBI Governor says hardly any room to review action taken against Paytm Payments Bank

Reserve Bank of India Governor Shaktikanta Das on Monday said there was "hardly any room" to review the action taken against Paytm Payments Bank.

RBI to introduce offline e-rupee transactions soon: Shaktikanta Das

Digital rupee users will soon be able to execute transactions in areas with limited internet connectivity as the RBI on Thursday announced that offline capability will be introduced on the Central bank digital currency (CBDC) pilot project.

RBI projects 7 pc growth for next financial year

The Reserve Bank of India on Thursday projected a GDP growth of 7 per cent for 2024-25 financial year, which is lower than the 7.3 per cent expansion estimated for the current fiscal.

Paytm shares fall for 3rd day; hit lower circuit limit

New Delhi: Shares of One97 Communications Ltd, which owns Paytm brand, fell by another 10 per cent to hit its lower circuit limit, as investors continued to dump the stock following the RBI's crackdown.

 

Paytm shares tank another 20 pc; hit fresh lower circuit limit

Shares of One97 Communications Ltd, which owns Paytm brand, slumped another 20 per cent on Friday, as the RBI has directed Paytm Payments Bank Ltd (PPBL) to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other instruments after February 29.

Gold tumbles Rs 350; silver plummets Rs 1,000

Gold prices tumbled Rs 350 to Rs 63,950 per 10 grams in the national capital on Friday amid weak cues in global markets, according to HDFC Securities.

The New York Times sues OpenAI and Microsoft for using its stories to train chatbots

The New York Times is striking back against the threat that artificial intelligence poses to the news industry, filing a federal lawsuit Wednesday against OpenAI and Microsoft seeking to end the practice of using its stories to train chatbots.

Rupee falls 15 paise to 83.34 against US dollar

The rupee declined 15 paise to settle at 83.34 against the US dollar on Wednesday due to sustained outflow of foreign funds and increased demand for American currency from importers and banks.

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