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ED notice to Paytm parent over Rs 611 crore Fema violation – The Times of India

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ED notice to Paytm parent over Rs 611 crore Fema violation – The Times of India


NEW DELHI: The Enforcement Directorate (ED) has issued a show-cause notice to One97 Communications, the parent company of Paytm, over alleged violations of the Foreign Exchange Management Act (Fema) in transactions amounting to Rs 611 crore.
The notice, dated Feb 27, cited alleged contraventions between 2015 and 2019 related to Paytm’s acquisition of two subsidiaries, Little Internet and Nearbuy India.
The company disclosed the development in a regulatory filing on Saturday, stating that it is currently seeking legal advice and evaluating its options to address the allegations.
Paytm acquired Little Internet and Nearbuy India in Dec 2017 as part of its strategy to expand its presence in offline commerce.
According to the ED’s notice, the alleged violations pertain to investment transactions involving One97 Communications and its subsidiaries.
Paytm has said that some of these transactions predate its ownership of the two companies, suggesting that a portion of the alleged contraventions occurred before they became subsidiaries of One97 Communications.





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VIDEOS

‘India, Chop Pak’s Jugular’: Ex-Pentagon Official Tells Modi To Strike Islamabad As Pahalgam Revenge

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‘India, Chop Pak’s Jugular’: Ex-Pentagon Official Tells Modi To Strike Islamabad As Pahalgam Revenge


India EXPOSES ‘Butchers Of Pahalgam’; Massive Manhunt For 4 Terrorists Underway | J&K Terror Attack

The Indian security agencies have released the first image and sketches of 4 terrorists who carried out the dastardly attack in J&K’s Pahalgam on Tuesday. At least 28 people, mostly tourists, were killed as the terrorists dressed in Army fatigues began shooting after asking for their religion. Home Minister Amit Shah is taking stock of the situation at the attack site in Baisaran Meadow. He also took a chopper ride over the areas where the terrorists are believed to be hiding. Watch.

58.5K views | 21 hours ago





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BUSINESS

Stock markets decline in early trade after 7-day rally

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Stock markets decline in early trade after 7-day rally


Representative image
| Photo Credit: Getty Images/iStockphoto

Equity benchmark indices Sensex and Nifty declined in early trade on Thursday (April 23, 2025) amid profit-taking after a seven-day rally and muted trend in Asian markets.

The 30-share BSE benchmark declined 242.01 points to 79,874.48 in early trade. The NSE Nifty went down by 72.3 points to 24,256.65.

In the past seven trading days, the BSE benchmark gauge zoomed 6,269.34 points or 8.48% and the Nifty jumped 1,929.8 points or 8.61%.

From the Sensex firms, Eternal, Bharti Airtel, ICICI Bank, Mahindra & Mahindra, HCL Technologies, Reliance Industries, and HDFC Bank were among the laggards.

IndusInd Bank, Tech Mahindra, Nestle, Bajaj Finance, Axis Bank, and Tata Motors were among the gainers.

In Asian markets, South Korea’s Kospi index, Shanghai SSE Composite, and Hong Kong’s Hang Seng were trading lower while Tokyo’s Nikkei 225 quoted in the positive territory.

U.S. markets ended sharply higher on Wednesday (April 23, 2025). Nasdaq Composite jumped 2.50%, S&P 500 surged 1.67% and Dow Jones Industrial Average climbed 1.07 per cent.

Global oil benchmark Brent crude climbed 0.12% to $66.20 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth ₹3,332.93 crore on Wednesday (April 23, 2025), according to exchange data.

The BSE benchmark jumped 520.90 points or 0.65% to settle at 80,116.49, the highest closing level since December 18, on Wednesday (April 23, 2025). The Nifty rallied 161.70 points or 0.67% to 24,328.95.



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JOBS AND EDUCATION

Delhi Metro Recruitment 2025: DMRC invites applications for security inspector posts, salary up to Rs 59,800 – The Times of India

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Delhi Metro Recruitment 2025: DMRC invites applications for security inspector posts, salary up to Rs 59,800 – The Times of India


DMRC invites retired Delhi Police officers to apply for Security Inspector posts

Delhi Metro Recruitment 2025: The Delhi Metro Rail Corporation (DMRC) has announced a recruitment drive for the post of Security Inspector, offering a lucrative salary package and a streamlined selection process without a written examination. The official notification has been released on DMRC’s website, detailing eligibility, selection criteria, and the application procedure for interested candidates.
This recruitment initiative is especially significant for experienced personnel from the Delhi Police force, as DMRC seeks to utilise their expertise in field operations. The application process is currently underway, and eligible candidates can apply on or before May 8, 2025. Applicants are advised to carefully review the eligibility criteria and other instructions before submitting their applications.
Eligibility criteria rooted in policing experience
Candidates applying for the post must either be currently working in or retired from the Delhi Police, holding the position of Sub-Inspector or Inspector. In addition to this, applicants should have accumulated diverse experience over the past five years in roles such as Assistant Sub-Inspector, Sub-Inspector, or Inspector, specifically in field assignments like police stations or traffic departments.
It is imperative that candidates are free from any Departmental and Vigilance (D&AR) issues. Those who are still in regular service will also be considered eligible for the post, provided they choose to voluntarily retire — either through Voluntary Retirement Scheme (VRS) or by other means — before joining DMRC.
Age limit and salary structure
The age criteria for this post specify that candidates must be at least 55 years old and not exceed 62 years of age. However, age relaxation shall be granted to candidates belonging to reserved categories as per applicable rules.
Selected candidates will be entitled to a monthly salary ranging from Rs 51,100 to Rs 59,800. The absence of a written examination is a key feature of this recruitment process, as candidates will be shortlisted and called directly for an interview based on their qualifications and experience.
Application process and important details
Applicants must submit their applications in the prescribed format, along with all required documents. The completed forms should be sent to the following address:
Executive Director (Human Resources),
Delhi Metro Rail Corporation Limited,
Metro Bhawan, Fire Brigade Lane, Barakhambha Road,
New Delhi – 110001
Read the official notification here
For complete details regarding the recruitment, eligibility, and application format, candidates are encouraged to visit the official DMRC website and review the recruitment notification directly via the provided link.





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