Weekly Flashback: Top News That You Might Have Missed

Published : 29 January 2024

By : Sachin Gupta

RBI prohibits deposits to Paytm Payments Bank

RBI on Wednesday prohibited Paytm Payments Bank Ltd. from taking any more deposits or top-ups in wallets, prepaid cards, client accounts, or FASTags after February 29, 2024. The Reserve Bank took action against Paytm Payments Bank Ltd (PPBL) in response to an external auditor's compliance validation report and a thorough system audit report.

Jindal Steel & Power Ltd MD resigns

Bimlendra Jha, the managing director of Jindal Steel and Power Ltd (JSPL), announced his resignation from the company on Thursday. For the time being, Wholetime Director Sabyasachi Bandyopadhyay will take on the duties of Managing Director.

Reliance's Viacom 18 to hold 50% stake in Disney India

Reliance and Disney India are still in negotiations to combine with Viacom18. The Ambani-led company would probably acquire at least a 50% share in the combined entity.