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Paytm Founder Vijay Shekhar Sharma is back in the trenches after RBI’s recent action left him without a banking platform. There are still some opportunities, but he will have to move swiftly to grab them ....
In early March, the union cabinet approved a Rs 10,371.92-crore India AI Mission that aims to build AI computing infrastructure of at least 10,000 graphics processing unit (GPUs) through public-private partnerships in five years. ....
Earlier, asset reconstruction companies (ARCs) would ask creditors selling bad loans for central KYC records, but now the RBI is insisting on full KYC. "When purchasing portfolios from banks/NBFCs, RBI requires ARCs to maintain KYC documents for all accounts. This seems to be a fallout of the Paytm incident," said an ARC executive. ....
Sensex and Nifty rise. Paytm CEO change and PB Fintech s new subsidiary affect stock prices. TCS to kickstart the quarterly results season. Global market factors influence trading sentiments. ....