Paytm Payments is in trouble RBI Rejects Paytm application for payment aggregator licence

The Reserve Bank of India (RBI) has Rejected Paytm application to provide payment aggregator service for online merchants. RBI said Paytm Payments Services is required to re-submit its PA application within 120 calendar days. It is to be noted that One97 Communications, which owns the Paytm, had proposed to transfer the payment aggregator services business … Read more

Central Bank of India will launch its Digital Rupee Pilot For the Wholesale Segment Tomorrow

Central Bank of India will launch its Digital Rupee Pilot For the Wholesale Segment Tomorrow

Central Bank of India will launch the first pilot of the Digital Rupee Wholesale segment Tomorrow. The use case for the pilot is a settlement of secondary market transactions in government securities, the RBI said in a statement on Monday. The first pilot for the retail segment would be launched in a month in select … Read more

Amazon Inc slips Below $100, market value fell below $1 trillion

Amazon Inc slips Below $100, market value fell below $1 trillion

Amazon Inc share slips Below $100, market value fell below $1 trillion after its disappointing earnings report. The company on Thursday said sales in the recently completed third quarter rose 15% from a year earlier, while net income was $2.9 billion—its first quarterly profit in 2022, though still a 9% decline from the same period … Read more

Turkey competition board fines $18.63 mn on Meta for violating laws

Turkey competition board fines $18.63 mn on Meta for violating laws

Turkey’s Competition Authority announced Wednesday that it had fined Meta Platforms Inc. 346.72 million liras ($18.63 million) for violating competition law. The Turkish regulator said the company held a dominant position in personal social networking services and online video advertising and had obstructed competitors by merging data collected through its core services Facebook, Instagram, and … Read more

Union Minister Amit shah said Process started to merge Amul with five other cooperative societies

Union Minister Amit shah said Process started to merge Amul with five other cooperative societies

Amul will be merged with five other cooperative societies to form a multi-state cooperative society (MSCS), Cooperation Minister Amit Shah said on Sunday. Addressing the 70th plenary session of the North Eastern Council (NEC) in Guwahati, Shah said the process for the merger has already started. Amul is an Indian dairy state government cooperative society, … Read more