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
ICICI Bank has entered into an agreement dated 23 November 2022 in relation to an initial investment of Rs 50,000 in the seed equity capital of the proposed Joint Venture (JV) of Indian Oil Corporation (IOCL) and Chennai Petroleum Corporation (CPCL) (target entity). The joint venture is aimed at setting up a petroleum refinery in … Read more
Online food delivery Company Zomato on Saturday said it lay off nearly 3 per cent of its employees under an efforts of cost cutting and to turn profitable. The decision comes after many tech giants and social media sites announced layoffs. The company said that the laying offs are based on regular performance. At least … Read more