Paytm transfers offline merchant payments to PPSL to comply with RBI norms

In another company development, One 97 Communications Ltd also approved a comprehensive internal restructuring plan to bring several of its financial and technology subsidiaries under direct ownership One 97 Communications Ltd, the parent company of Paytm, has approved the transfer of its offline merchant payments business to its wholly owned subsidiary, Paytm Payments Services Ltd…

iPhone manufacturer Foxconn plans new facility in Greater Noida, to create 40,000 jobs : Report

The Uttar Pradesh government is reportedly in talks with iPhone manufacturer Foxconn to set up a new facility in the Greater Noida region. According to sources, UP government officials and representatives of the Taiwanese company have already held two rounds of meetings at Delhi and Lucknow on the proposed project. The new facility is likely…

NIFTY

Technical View: Bulls may charge up further if Nifty decisively closes above 22,750

The weekly options data indicated that the Nifty may trade in the range of the 22,000-23,000 zone in the short term The Nifty 50 gained strength in late morning deals after volatility and closed nearly 1 percent higher, extending its northward journey for the second consecutive session on March 6. With Thursday’s rally, the index…