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Paytm discontinues inter-company agreements with Paytm Payments Bank

Impact-Site-Verification: 8451df2b-1c1b-4e70-99fe-1a292a39fda9 Fintech major Paytm on March 1 said it has mutually agreed to discontinue various inter-company agreements with its payments bank unit Paytm Payments Bank (PPBL) to “reduce dependencies", Reuters reported. As per the company statement, PPBL has agreed to simplify the shareholders' agreement. The...

65% of Insolvency Cases going Beyond Deadline.

According to data from the Insolvency and Bankruptcy Board of India (IBBI), as of June 30, 2023, more than 65% of the cases dealing with corporate bankruptcy resolution have gone above 270 days. The IBBI revealed that 64% of the continuing corporate insolvency resolution...

Silicon Valley Banks fails, USA to focus on banking crisis.

Following the announcement of steps to strengthen its finances on Thursday, shares of Silicon Valley Bank (SVB), a significant lender to technology start-ups, fell sharply. The four biggest US banks suffered a knock-on loss of market value of more than $50 billion as a result...

Pakistan Economic Crisis Worsens.

The Shehbaz Sharif government increased the price of gasoline and diesel by PKR 35 per litre on Sunday, adding to the burden already felt by Pakistanis who are suffering from inflation. "We've agreed to add Rs 35 to the cost of gasoline and fuel....