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Inter-company agreements are terminated by Paytm and PPBL in order to pursue autonomous destinies

1Mar

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Business, International, Meghalaya, Technology

Inter-company agreements are terminated by Paytm and PPBL in order to pursue autonomous destinies

The cancellation of certain inter-company agreements has been announced by One 97 Communications Ltd. (Paytm) and Paytm Payments Bank Limited (PPBL). The move is a component of a larger initiative to simplify processes and lessen interdependencies between the two organizations. The news, which was released jointly by Paytm and PPBL, represents a major change in the companies' corporate policy about supporting PPBL's autonomous governance structure and increasing its autonomy. By the agreement, both parties have agreed to end several inter-company agreements, which is a critical step in each of their journeys. Moreover, PPBL's shareholders have overwhelmingly decided to streamline the Shareholders Agreement (SHA), demonstrating their dedication to sustaining PPBL's governance separat...

In quest of larger living areas and investment options, wealthy millennials in India are fueling the growth in luxury real estate

NEW DELHI: The notable expansion of India's residential real estate market is mostly being driven by the country's younger, wealthy population. Three-quarters of the population in India are millennials, and last year they made up five4% of homebuyers with a projected total buying power of over US$330 billion. With more people in the sector having more disposable money, they are looking for larger residences and making more investments, particularly in high-end real estate, in the hopes of earning larger returns. Market figures show that between 2018 and 2023, sales of luxury homes in India's top seven cities increased five-fold. In the first nine months of 2023, sales of apartments costing more than US$4.8 million—which often include a swimming pool, an open gym, a lush garde...

Spring summer exhibition in Shillong

Recently the one-day spring-summer exhibition was organized by The Vintage Vogue at Courtyard, by Marriott on Wednesday. Actually organizers Paridhi Agarwal and Jyoti Agarwal, who curated the entire exhibition, highlighted that the stalls feature a wide range of products, including apparel, footwear, and organic items, catering to various price ranges. In fact Paridhi Agarwal expressed, “The concept behind hosting such an exhibition in a five-star hotel is to encourage people from all backgrounds to visit and explore the variety of items on display, even if they don’t make purchases.” Actually Manik Chand Jewellers, among the exhibitors, showcased their authentic gold and platinum items at the exhibition. In reality the event featured around 32 stalls, not only from the state but also ...