Paytm In Talks With Zomato To Sell Movie Ticketing Business: Report
NDTV
Paytm does not control the bank but relied on it for digital wallets and payments traffic before the central bank's move earlier this year.
Paytm is in talks with Zomato to sell its movie and events ticketing business, according to people familiar with the matter, as the beleaguered fintech company carves a revival strategy amid weakening sales.
The discussions between Paytm, officially known as One97 Communications Ltd, and online food delivery firm Zomato are in advanced stages, though there are other suitors for the business, the people said, declining to be named as the matter is private. Talks are ongoing and no final decision has been made, the people said.
Paytm, run by billionaire founder-CEO Vijay Shekhar Sharma, last month reported its first sales decline on record and vowed to trim non-core assets. It also warned of job cuts, reflecting the fallout from regulatory action on Paytm Payments Bank Ltd. that's curtailed much of the fintech's business and forced it to forge new partnerships with lenders.
Police arrested Deepak Max, 20, caught after an encounter by Crime Branch, while Krish Gupta, 18, by local police from the same area.
The prime minister said the Maharashtra election also shows that only one Constitution will work in India and that was given to the people of the country by B R Ambedkar.
The Prime Minister said the Congress' outsized interest in its own welfare is a "threat to democracy".
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This is the third consecutive time that the BJP has emerged as the largest party in Maharashtra, which is undoubtedly a historic feat, Prime Minister Modi said.
Mr Chadha pointed out that the three seats in which the AAP emerged victorious had never been won by the party before.
Speaking to reporters in Nagpur as the ruling coalition was on its way to win a massive victory in the assembly elections, she said her son, currently a deputy chief minister, knows how to overcome challenges.
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