According to a filing on the exchange, Paytm, a fintech company, received an administrative warning for specific transactions with its banking subsidiary for the fiscal year 2021–2022. In the latter, dated July 15, the Securities and Exchange Board of India (Sebi) stated that some transactions between Paytm and the now-closed Paytm Payments Bank were carried … Read more
The stock market surged in pre-market trade on anticipation of political stability, as anticipated by exit poll results.The 30-share Sensex rose about 2,500 points this morning, while the 50-stock Nifty had its greatest gain in four years during the market’s opening. Both Sensex and Nifty, the indexes of the Bombay Stock Exchange and the National … Read more
Jaypee Group’s flagship firm Jaiprakash Associates has defaulted on loans of Rs 4,059 crore, comprising both the principal and interest amount. In a regulatory filing, Jaiprakash Associates Ltd (JAL) said the company on December 31 defaulted on repayments of the principal amount Rs 1,713 crore and interest of Rs 2,346 crore. The loans pertained to … Read more