Key Points
One 97 Communications Ltd (OCL), which runs Paytm, on Monday said founder Vijay Shekhar Sharma will be stepping down as part-time non-executive chairman and board member at associate entity Paytm Payments Bank Ltd (PPBL)..
Recap: ET had reported on February 10 citing sources that Sharma had considered resigning from the payments bank board last year and removing Paytm from its name to quell mounting regulatory and compliance pressures on the fintech firm...
Banks, fintechs eye Paytms staff benefits business: Meanwhile, hawks are circling around Paytms employee benefits business, as the fintechs exit from the employee benefits market becomes imminent following regulatory action...
Recap: ET had reported last week that Sitharaman will meet heads of fintech firms in the backdrop of the RBI's action against Paytm Payments Bank, to reassure the industry that the sector remains a key priority for the government..
Adani in talks with Uber to own, operate an EV fleet: Billionaire Gautam Adani and Uber CEO Dara Khosrowshahi last week discussed the strategic alliance whereby Adani Group is looking to become a fleet operator by purchasing and listing hundreds of electric four-wheelers on Uber, sources said.. GenAI set to move from hype to value as projects go live: Several experimental generative artificial intelligence (GenAI) projects are expected to go live this year, helping clients drive greater value from the technology, Harrick Vin, chief technology officer, Tata Consultancy Services, told ET..
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Paytm Bank's exit from UPI unlikely to be disruptive
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