IND to US: Super 8 qualification scenarios of Group A teams | T20 World Cup
While India are comfortably placed to qualify for the second round - Super 8, Pakistan have their task cut out with just two games in hand. Check Super 8 Qualification scenarios of Group A here
In Group A of ICC T20 World Cup 2024, Pakistan defeats and USA's win against the Babar Azam's men have been a talking points in first 11 days. While India are comfortably placed to qualify for the second round - Super 8, Pakistan have their task cut out with just two games in hand.
India's beleaguered Paytm has secured approval from a government panel that oversees investments linked to China to invest Rs 50 crore ($6 million) in a key subsidiary, three sources with direct knowledge of the matter said.
The approval, which still has to be vetted by the finance ministry, will remove the main stumbling block to the unit, Paytm Payment Services, resuming normal business operations.
Paytm Payment Services is one of the biggest remaining parts of the fintech firm's business, accounting for a quarter of consolidated revenue in the financial year ending March 2023.
A separate unit, Paytm Payments Bank, was wound down this year by order of the central bank due to persistent compliance issues, triggering a meltdown in Paytm's stock.
The government panel had earlier held back approval due to concerns about the 9.88% stake in Paytm held by China's Ant Group. India has intensified scrutiny of Chinese businesses since a 2020 border clash between the two countries.
All in all, Paytm has been waiting for the nod from the government panel for about two years and without it, it would have had to also wind down its payment services business, which was forbidden from taking on new customers in March 2023.
