The Press Editor

New Delhi: In a major regulatory move, the Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank. The central bank confirmed the decision in an official statement, stating that the bank will no longer be allowed to offer banking services. The action has been taken due to serious concerns related to regulatory compliance and violations of norms. The RBI also assured that necessary steps will be taken to safeguard customer interests and ensure that deposits and services are not adversely affected. Why was the licence cancelled? According to the RBI, the bank's operations were being…

Mumbai: Despite volatility in the stock market due to the ongoing conflict between the United States and Iran,  Adani Group chairman Gautam Adani has seen a significant increase in his wealth. His net worth increased significantly on Thursday, to the point that he not only re-entered the USD 100 billion club but also surpassed Microsoft co-founder Bill Gates on the world's richest people list.  Bloomberg Billionaires Index According to the Bloomberg Billionaires Index, Gautam Adani's net worth increased by USD 7.16 billion in a single day. With this increase, his total wealth reached USD 106 billion. Following this increase, he…

New Delhi: The government on Friday said the three-day talks with the US authorities on the first phase of the bilateral trade agreement (BTA) concluded on a constructive note, with both sides agreeing to stay engaged to sustain the momentum ahead. Both sides discussed several areas, such as market access, non-tariff measures, technical barriers to trade, customs and trade facilitation, investment promotion, economic security alignment and digital trade, the Commerce and Industry Ministry said in a statement. "The meetings were conducted in a constructive and positive spirit, with meaningful and forward-looking discussions enabling progress on key matters. Both sides agreed…