Synthetic data provides ease and convenience with respect to various industrial tasks such as product development, benchmarking and more
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The company's board accepted Neeraj Arora's resignation as a non-executive independent director due to pre-occupation and other personal commitments
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The total value of UPI transactions processed on the Paytm platform grew to Rs 1.24 trillion in May, on the back of the company launching several initiatives for users such as Credit Card on UPI, as well as pushing the lever on UPI Lite.
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Paytm has been bullish on UPI and has formed partnerships with various banks and financial institutions including Axis Bank, HDFC Bank, State Bank of India (SBI), and YES Bank to enhance its LIPI service
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In an official statement, One97 Communications clarified, "The abovementioned news item is speculative, and the company is not engaged in any discussions in this regard
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The potential partnership with the Adani Group could provide a much-needed boost for Paytm amidst its ongoing struggles
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Following this partnership, bill payments settled by PPBL will now be done via Euronet. Euronet settled around 19 million consumer-facing bill payments in March, a significant increase from 4.6 million in January
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As part of this restructuring, Rakesh Singh, former CEO of stockbroking firm Fisdom, has been appointed as the new CEO of Paytm Money, succeeding Varun Sridhar, who has transitioned to the role of CEO at Paytm Services.
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