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01 Mar 2024, 08:54

Paytm and Paytm Payments Bank mutually agree to discontinue various inter-company agreements

Paytm and Paytm Payments Bank mutually agree to discontinue various inter-company agreements

Paytm and Paytm Payments Bank mutually agree to discontinue various inter-company agreements

One 97 Communications Ltd (Paytm) has informed that the Company and its associate entity, Paytm Payments Bank Limited (PPBL), have introduced additional measures to strengthen their approach towards independent operations of PPBL. As part of this process to reduce dependencies, Paytm and PPBL have mutually agreed to discontinue various inter-company agreements with Paytm and its group entities. Further, the shareholders of PPBL have agreed to simplify the Shareholders Agreement (SHA) to support PPBL's governance, independent of its shareholders.

DGCA fines Air India ₹30 lakh after elderly passenger's death at Mumbai airport
29 Feb 2024, 15:00

DGCA fines Air India ₹30 lakh after elderly passenger's death at Mumbai airport

Aviation watchdog Directorate General of Civil Aviation (DGCA) has imposed a penalty of Rs 30 lakh on Air India for inadequate number of wheelchairs due to which an elderly man passed away after collapsing at the Mumbai airport. The incident occurred on February 12 when the passenger, aged over 80, initially requested a wheelchair but opted to walk after being informed of a wait due to high demand.

Reliance, Disney announce strategic JV, Nita Ambani to be chairperson
29 Feb 2024, 09:03

Reliance, Disney announce strategic JV, Nita Ambani to be chairperson

Reliance Industries Limited, Viacom 18 Media Private Limited (Viacom18) and The Walt Disney Company announced the signing of binding definitive agreements to form a joint venture that will combine the businesses of Viacom18 and Star India. According to a joint press release, as part of the transaction, the media undertaking of Viacom18 will be merged into Star India Private Limited through a court-approved scheme of arrangement.