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IndiaTV Business: Google News Feed: Digest for February 05, 2024

IndiaTV Business: Google News Feed

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A group of about six investors in Think and Learn Private Limited, the company behind BYJU's brand, have initiated an extraordinary general meeting (EGM) to address concerns within the edtech major and seek the removal of founders' control over the company, according to sources familiar with the matter.
Paytm Payments Bank has reassured its customers that their existing balances are safe, following the Reserve Bank of India's (RBI) directive restricting the bank from accepting new deposits or allowing credit transactions after February 29, 2024.
Benchmark equity indices rebounded strongly in early trade on Friday, following a global market rally and increased buying in Reliance Industries and ICICI Bank. The 30-share BSE Sensex surged by 846.64 points to 72,491.94, while the Nifty rose by 256.55 points to 21,954.
Paytm CEO Vijay Shekhar Sharma reassured users on Friday, addressing concerns after the Reserve Bank of India (RBI) ordered its banking arm to cease accepting new deposits.
The income tax department has collected around Rs 4,600 crore in taxes from 56 lakh updated income tax returns filed by taxpayers in the past two years, according to Nitin Gupta, the Chief of the Central Board of Direct Taxes (CBDT).
In the late morning trading on Friday, the NSE Nifty surged to a record high by gaining 429 points and trading at 22,126.80, while the BSE Sensex rose by 1,444 points, reaching a day high of 73,089.40.
In response to the Reserve Bank of India's (RBI) recent restrictions on Paytm Payments Bank, Paytm CEO Vijay Shekhar Sharma has reassured users that the Paytm app will continue to operate normally beyond February 29.
Apple's revenue in India reached a record high in the December 2023 quarter, driven by robust sales of iPhones, according to Apple CEO Tim Cook.
The government expects the average monthly Goods and Services Tax (GST) collections to increase by 11 per cent to reach around Rs 1.85 lakh crore in the fiscal year 2024-25, compared to approximately Rs 1.66 lakh crore in the current fiscal year, according to Revenue Sanjay Malhotra.
Paytm Payments Bank: Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led the Reserve Bank of India (RBI) to clamp down on tech poster boy Vijay Sekhar Sharma-run entities, sources said.
A group of about six investors in Think and Learn Private Limited, the company behind BYJU's brand, have initiated an extraordinary general meeting (EGM) to address concerns within the edtech major and seek the removal of founders' control over the company, according to sources familiar with the matter.
Paytm Payments Bank has reassured its customers that their existing balances are safe, following the Reserve Bank of India's (RBI) directive restricting the bank from accepting new deposits or allowing credit transactions after February 29, 2024.
Benchmark equity indices rebounded strongly in early trade on Friday, following a global market rally and increased buying in Reliance Industries and ICICI Bank. The 30-share BSE Sensex surged by 846.64 points to 72,491.94, while the Nifty rose by 256.55 points to 21,954.
Paytm CEO Vijay Shekhar Sharma reassured users on Friday, addressing concerns after the Reserve Bank of India (RBI) ordered its banking arm to cease accepting new deposits.
The income tax department has collected around Rs 4,600 crore in taxes from 56 lakh updated income tax returns filed by taxpayers in the past two years, according to Nitin Gupta, the Chief of the Central Board of Direct Taxes (CBDT).
In the late morning trading on Friday, the NSE Nifty surged to a record high by gaining 429 points and trading at 22,126.80, while the BSE Sensex rose by 1,444 points, reaching a day high of 73,089.40.
In response to the Reserve Bank of India's (RBI) recent restrictions on Paytm Payments Bank, Paytm CEO Vijay Shekhar Sharma has reassured users that the Paytm app will continue to operate normally beyond February 29.
Apple's revenue in India reached a record high in the December 2023 quarter, driven by robust sales of iPhones, according to Apple CEO Tim Cook.
The government expects the average monthly Goods and Services Tax (GST) collections to increase by 11 per cent to reach around Rs 1.85 lakh crore in the fiscal year 2024-25, compared to approximately Rs 1.66 lakh crore in the current fiscal year, according to Revenue Sanjay Malhotra.
Paytm Payments Bank: Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led the Reserve Bank of India (RBI) to clamp down on tech poster boy Vijay Sekhar Sharma-run entities, sources said.
Paytm Payments Bank has reassured its customers that their existing balances are safe, following the Reserve Bank of India's (RBI) directive restricting the bank from accepting new deposits or allowing credit transactions after February 29, 2024.
Benchmark equity indices rebounded strongly in early trade on Friday, following a global market rally and increased buying in Reliance Industries and ICICI Bank. The 30-share BSE Sensex surged by 846.64 points to 72,491.94, while the Nifty rose by 256.55 points to 21,954.
Paytm CEO Vijay Shekhar Sharma reassured users on Friday, addressing concerns after the Reserve Bank of India (RBI) ordered its banking arm to cease accepting new deposits.
The income tax department has collected around Rs 4,600 crore in taxes from 56 lakh updated income tax returns filed by taxpayers in the past two years, according to Nitin Gupta, the Chief of the Central Board of Direct Taxes (CBDT).
In the late morning trading on Friday, the NSE Nifty surged to a record high by gaining 429 points and trading at 22,126.80, while the BSE Sensex rose by 1,444 points, reaching a day high of 73,089.40.
In response to the Reserve Bank of India's (RBI) recent restrictions on Paytm Payments Bank, Paytm CEO Vijay Shekhar Sharma has reassured users that the Paytm app will continue to operate normally beyond February 29.
Apple's revenue in India reached a record high in the December 2023 quarter, driven by robust sales of iPhones, according to Apple CEO Tim Cook.
The government expects the average monthly Goods and Services Tax (GST) collections to increase by 11 per cent to reach around Rs 1.85 lakh crore in the fiscal year 2024-25, compared to approximately Rs 1.66 lakh crore in the current fiscal year, according to Revenue Sanjay Malhotra.
Paytm Payments Bank: Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led the Reserve Bank of India (RBI) to clamp down on tech poster boy Vijay Sekhar Sharma-run entities, sources said.
State Bank of India (SBI) has come forward to help Paytm customers following a ban on the latter's activities by the Reserve Bank of India from March 1. SBI Chairman Dinesh Kumar Khara said, "If there is a direction from the RBI to any effect, we will rescue the once-storied Paytm." However, he said that the company has no plans of going directly into the matter addressing the media during the third quarter earnings. 
Paytm Payments Bank has reassured its customers that their existing balances are safe, following the Reserve Bank of India's (RBI) directive restricting the bank from accepting new deposits or allowing credit transactions after February 29, 2024.
Benchmark equity indices rebounded strongly in early trade on Friday, following a global market rally and increased buying in Reliance Industries and ICICI Bank. The 30-share BSE Sensex surged by 846.64 points to 72,491.94, while the Nifty rose by 256.55 points to 21,954.
Paytm CEO Vijay Shekhar Sharma reassured users on Friday, addressing concerns after the Reserve Bank of India (RBI) ordered its banking arm to cease accepting new deposits.
The income tax department has collected around Rs 4,600 crore in taxes from 56 lakh updated income tax returns filed by taxpayers in the past two years, according to Nitin Gupta, the Chief of the Central Board of Direct Taxes (CBDT).
In the late morning trading on Friday, the NSE Nifty surged to a record high by gaining 429 points and trading at 22,126.80, while the BSE Sensex rose by 1,444 points, reaching a day high of 73,089.40.
In response to the Reserve Bank of India's (RBI) recent restrictions on Paytm Payments Bank, Paytm CEO Vijay Shekhar Sharma has reassured users that the Paytm app will continue to operate normally beyond February 29.
Apple's revenue in India reached a record high in the December 2023 quarter, driven by robust sales of iPhones, according to Apple CEO Tim Cook.
The government expects the average monthly Goods and Services Tax (GST) collections to increase by 11 per cent to reach around Rs 1.85 lakh crore in the fiscal year 2024-25, compared to approximately Rs 1.66 lakh crore in the current fiscal year, according to Revenue Sanjay Malhotra.
Paytm Payments Bank: Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led the Reserve Bank of India (RBI) to clamp down on tech poster boy Vijay Sekhar Sharma-run entities, sources said.
State Bank of India (SBI) has come forward to help Paytm customers following a ban on the latter's activities by the Reserve Bank of India from March 1. SBI Chairman Dinesh Kumar Khara said, "If there is a direction from the RBI to any effect, we will rescue the once-storied Paytm." However, he said that the company has no plans of going directly into the matter addressing the media during the third quarter earnings. 
Benchmark equity indices rebounded strongly in early trade on Friday, following a global market rally and increased buying in Reliance Industries and ICICI Bank. The 30-share BSE Sensex surged by 846.64 points to 72,491.94, while the Nifty rose by 256.55 points to 21,954.
Paytm CEO Vijay Shekhar Sharma reassured users on Friday, addressing concerns after the Reserve Bank of India (RBI) ordered its banking arm to cease accepting new deposits.
The income tax department has collected around Rs 4,600 crore in taxes from 56 lakh updated income tax returns filed by taxpayers in the past two years, according to Nitin Gupta, the Chief of the Central Board of Direct Taxes (CBDT).
In the late morning trading on Friday, the NSE Nifty surged to a record high by gaining 429 points and trading at 22,126.80, while the BSE Sensex rose by 1,444 points, reaching a day high of 73,089.40.
In response to the Reserve Bank of India's (RBI) recent restrictions on Paytm Payments Bank, Paytm CEO Vijay Shekhar Sharma has reassured users that the Paytm app will continue to operate normally beyond February 29.
Apple's revenue in India reached a record high in the December 2023 quarter, driven by robust sales of iPhones, according to Apple CEO Tim Cook.
The government expects the average monthly Goods and Services Tax (GST) collections to increase by 11 per cent to reach around Rs 1.85 lakh crore in the fiscal year 2024-25, compared to approximately Rs 1.66 lakh crore in the current fiscal year, according to Revenue Sanjay Malhotra.
Paytm Payments Bank: Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led the Reserve Bank of India (RBI) to clamp down on tech poster boy Vijay Sekhar Sharma-run entities, sources said.
State Bank of India (SBI) has come forward to help Paytm customers following a ban on the latter's activities by the Reserve Bank of India from March 1. SBI Chairman Dinesh Kumar Khara said, "If there is a direction from the RBI to any effect, we will rescue the once-storied Paytm." However, he said that the company has no plans of going directly into the matter addressing the media during the third quarter earnings. 
Paytm Payments Bank: Traders' body CAIT today (February 4) issued a cautionary advisory to traders to switch from Paytm to other payment options for business-related transactions following RBI curbs on Paytm wallet and bank operations.
Benchmark equity indices rebounded strongly in early trade on Friday, following a global market rally and increased buying in Reliance Industries and ICICI Bank. The 30-share BSE Sensex surged by 846.64 points to 72,491.94, while the Nifty rose by 256.55 points to 21,954.
Paytm CEO Vijay Shekhar Sharma reassured users on Friday, addressing concerns after the Reserve Bank of India (RBI) ordered its banking arm to cease accepting new deposits.
The income tax department has collected around Rs 4,600 crore in taxes from 56 lakh updated income tax returns filed by taxpayers in the past two years, according to Nitin Gupta, the Chief of the Central Board of Direct Taxes (CBDT).
In the late morning trading on Friday, the NSE Nifty surged to a record high by gaining 429 points and trading at 22,126.80, while the BSE Sensex rose by 1,444 points, reaching a day high of 73,089.40.
In response to the Reserve Bank of India's (RBI) recent restrictions on Paytm Payments Bank, Paytm CEO Vijay Shekhar Sharma has reassured users that the Paytm app will continue to operate normally beyond February 29.
Apple's revenue in India reached a record high in the December 2023 quarter, driven by robust sales of iPhones, according to Apple CEO Tim Cook.
The government expects the average monthly Goods and Services Tax (GST) collections to increase by 11 per cent to reach around Rs 1.85 lakh crore in the fiscal year 2024-25, compared to approximately Rs 1.66 lakh crore in the current fiscal year, according to Revenue Sanjay Malhotra.
Paytm Payments Bank: Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led the Reserve Bank of India (RBI) to clamp down on tech poster boy Vijay Sekhar Sharma-run entities, sources said.
State Bank of India (SBI) has come forward to help Paytm customers following a ban on the latter's activities by the Reserve Bank of India from March 1. SBI Chairman Dinesh Kumar Khara said, "If there is a direction from the RBI to any effect, we will rescue the once-storied Paytm." However, he said that the company has no plans of going directly into the matter addressing the media during the third quarter earnings. 
Paytm Payments Bank: Traders' body CAIT today (February 4) issued a cautionary advisory to traders to switch from Paytm to other payment options for business-related transactions following RBI curbs on Paytm wallet and bank operations.
Benchmark equity indices rebounded strongly in early trade on Friday, following a global market rally and increased buying in Reliance Industries and ICICI Bank. The 30-share BSE Sensex surged by 846.64 points to 72,491.94, while the Nifty rose by 256.55 points to 21,954.
Paytm CEO Vijay Shekhar Sharma reassured users on Friday, addressing concerns after the Reserve Bank of India (RBI) ordered its banking arm to cease accepting new deposits.
The income tax department has collected around Rs 4,600 crore in taxes from 56 lakh updated income tax returns filed by taxpayers in the past two years, according to Nitin Gupta, the Chief of the Central Board of Direct Taxes (CBDT).
In the late morning trading on Friday, the NSE Nifty surged to a record high by gaining 429 points and trading at 22,126.80, while the BSE Sensex rose by 1,444 points, reaching a day high of 73,089.40.
In response to the Reserve Bank of India's (RBI) recent restrictions on Paytm Payments Bank, Paytm CEO Vijay Shekhar Sharma has reassured users that the Paytm app will continue to operate normally beyond February 29.
Apple's revenue in India reached a record high in the December 2023 quarter, driven by robust sales of iPhones, according to Apple CEO Tim Cook.
The government expects the average monthly Goods and Services Tax (GST) collections to increase by 11 per cent to reach around Rs 1.85 lakh crore in the fiscal year 2024-25, compared to approximately Rs 1.66 lakh crore in the current fiscal year, according to Revenue Sanjay Malhotra.
Paytm Payments Bank: Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led the Reserve Bank of India (RBI) to clamp down on tech poster boy Vijay Sekhar Sharma-run entities, sources said.
State Bank of India (SBI) has come forward to help Paytm customers following a ban on the latter's activities by the Reserve Bank of India from March 1. SBI Chairman Dinesh Kumar Khara said, "If there is a direction from the RBI to any effect, we will rescue the once-storied Paytm." However, he said that the company has no plans of going directly into the matter addressing the media during the third quarter earnings. 
Paytm Payments Bank: Traders' body CAIT today (February 4) issued a cautionary advisory to traders to switch from Paytm to other payment options for business-related transactions following RBI curbs on Paytm wallet and bank operations.
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