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BUSINESS

No case against Sammaan Capital in long-running PIL
BUSINESS

No case against Sammaan Capital in long-running PIL

Mumbai, July 28 — The Supreme Court on Tuesday heard the public interest litigation (PIL) pending against Sameer Gehlaut, the erstwhile promoter of Sammaan Capital, and others. The Additional Solicitor General (ASG), appearing for the investigating agencies, RBI, SEBI, and other respondent…

Pine Labs reports 67 pc sequential fall in Q1 net profit
BUSINESS

Pine Labs reports 67 pc sequential fall in Q1 net profit

New Delhi, July 28 — Fintech company Pine Labs on Tuesday reported a 67 per cent quarter-on-quarter decline in its consolidated net profit to Rs 19.57 crore for the first quarter of FY27, even as revenue from operations registered sequential growth.The company had reported a consolidated net profit…

Delhi High Court orders winding up of Paytm Payments Bank: RBI
NATIONAL

Delhi High Court orders winding up of Paytm Payments Bank: RBI

Mumbai, July 28 — The Delhi High Court has ordered the winding up of Paytm Payments Bank Limited (PPBL), months after the Reserve Bank of India (RBI) revoked the bank's licence over persistent regulatory violations, marking the final step in the lender's closure process, the central bank said on…