India Business News: For the third consecutive session, Paytm's stock plummeted by 10% on Monday, hitting the lower circuit amidst concerns regarding its payments bank ope
Reports suggested that Mukesh Ambani’s Jio Financial Services is planning to acquire Paytm’s wallet business. Now, Jio Financial Services’ has revealed in a regulatory filing that it is not in talks with Paytm to acquire the wallet service.
Mukesh Ambani entered into a 50:50 joint venture with BlackRock last year with Rs 1200 crore investment from each to enter the asset management business in India.