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Paytm s exit from the employee benefits market has opened up opportunities for rivals like Pluxee and Zaggle, as well as banks like Kotak Mahindra, Yes Bank, ICICI Bank, and IndusInd Bank.
India Business News: Paytm's impending exit from the employee benefits market due to regulatory actions against its payments bank and mobile wallet has paved the way for other players like Pluxee (formerly Sodexo), Zaggle, and banks to grow their presence in this sector.
The domestic market paused on the final trading day of the week, having earlier reached yet another record high, buoyed by positive cues from global markets. Noteworthy strength was observed in the capital goods and industrial sectors, bolstered by advancements in both manufacturing and services.