It held a 17.5% stake in Paytm in September 2022 later it trimmed its ownership through multiple open market deals. After this sale, the company s stake in Paytm’s parent One97 Communications went down to 2.83 percent from 5.01 per cent earlier.
The Rs 91,000-crore project will be set up in Gujarats Dholera district in partnership with Taiwanese Powerchip Semiconductor Manufacturing Corp (PSMC), Union communications and IT minister Ashwini Vaishnaw told a press briefing on Thursday.
Japan s SoftBank cuts stake in Paytm to less than 3% thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
President Joe Biden's administration on Wednesday unveiled an executive order aimed at protecting American personal data by restricting its transfer to China, Russia and other countries, senior U.S. officials said, citing national security concerns. The order, first reported by Reuters, will curb bulk transfers of Americans' geolocation, biometric, health and financial information by data brokers and others to specific "countries of concern," the officials said. "China and Russia are buying American sensitive personal data from data brokers" and leveraging it "to engage in a variety of nefarious activities including malicious cyber-enabled activities, espionage and blackmail," the officials said.