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ED demands details on Paytm Payments Bank's overseas transactions
In early February, a media report surfaced that the Enforcement Directorate (ED) had begun probing into One97 Communications on suspicion of violation of foreign exchange rules.
In early February, a media report surfaced that the ED had begun probing into One97 Communications on suspicion of violation of foreign exchange rules. However, the firm has denied these allegations. (Image source: Amazon)
Every day this month has been a new development in the Paytm saga. The Enforcement Directorate (ED) is seeking details on overseas transactions from Paytm Payments Bank, stated a media report.
In early February, a media report surfaced that the ED had begun probing into One97 Communications on suspicion of violation of foreign exchange rules. However, the firm has denied these allegations.
The investigating agency sought more information from the Reserve Bank of India (RBI) which had clamped down on the operations of Paytm Payments Bank, which would become effective post February 29.
Polycab India’s Executive Director & CFO Gandharv Tongia resigns
Tongia, who has been associated with Polycab since 2018, was appointed as Executive Director & CFO for a five-year term beginning January 19, 2023, and was slated to serve until January 18, 2028.