The number of fintech companies has increased rapidly in the last few years. Recently, the Reserve Bank of India (RBI) had banned the functioning of Paytm Payments Bank. This has shocked the investors associated with this sector. However, RBI says that it does not plan to make strict rules for this sector. Bloomberg’s report quoted…
Payments services provider Paytm has terminated some agreements with its payments bank unit. Reserve Bank of India (RBI) has ordered the closure of this unit of Paytm. This decision was taken due to apprehensions regarding compliance. After this order of RBI, there was a huge fall in the shares of Paytm. According to Reuters report,…
The Financial Intelligence Unit (FIU) has imposed a penalty of more than Rs 5 crore on the banking unit of payment services company Paytm, which is facing difficulties. The reason for this is the violations in reporting illegal amounts sent through Paytm Payments Bank accounts. The FIU under the Finance Ministry has registered a case…
Paytm, which deals with payment services, has received a Third-Party Application Provider (TPAP) license from the National Payments Corporation of India (NPCI). Paytm’s banking unit Paytm Payments Bank (PPBL) was ordered by the Reserve Bank of India (RBI) to stop services from March 15. The reason for this was the compliance violations committed by PPBL….
The Competition Commission of India (CCI)’s decision last year against global tech company Google may have an impact on Android devices in the country. With this decision, Google will have to modify its software licensing agreements with Original Equipment Manufacturers (OEMs) like Samsung and Xiaomi in the country. According to a leaked report, device manufacturers…
Reliance Industries’ Jio Platforms, which is involved in businesses ranging from telecom to petroleum, may soon launch satellite internet service in the country. For this, Jio Platforms has formed a joint venture Orbit Connect with Luxembourg’s SES. Billionaire Elon Musk’s Starlink and a unit of e-commerce and technology company Amazon have also launched satellite internet…
Apple, Samsung and HP, among the major companies making devices, have stopped importing laptops and tablets into India. The central government on Thursday banned the import of these devices without a license. Its aim is to increase local manufacturing of electronics. However, this decision of the government has affected the personal computers, Laptop And tablet…
South Korean consumer electronics company Samsung has prepared to increase manufacturing in India. The company’s smartphones are already being produced in the country. Samsung may also manufacture laptops in its factory in Greater Noida, Uttar Pradesh from next month. This will give a boost to the Make in India scheme of the Central Government. Under…
