business news

RBI restricts Paytm Payments Bank services starting March 2024; here’s why

NEW DELHI: The Reserve Bank of India (RBI) has implemented restrictions on Paytm Payments Bank, prohibiting the entity from providing additional banking services starting March 2024. This action stems from concerns related to the breach of regulatory norms and compliance issues. “The Comprehensive System Audit report and subsequent compliance validation report of the external auditors […]

ONGC reports staggering 142.4% surge in Q2 net profit, decline in revenue

The Oil and Natural Gas Corporation Limited (ONGC), a state-run petroleum giant, announced a remarkable 142.4 per cent increase in consolidated net profit, reaching Rs 16,553 crore in the second quarter of the financial year 2023-24. This significant surge compares to a profit of Rs 6,830 crore in the corresponding period last year. However, the […]

PVR INOX offers ‘Bottomless Popcorn’

India's largest multiplex chain, PVR INOX, launches new F&B offers to enhance cinematic experience