RBI scraps licence of Paytm Payments Bank

RBI cancels Paytm Payments Bank licence; to approach High Court MUMBAI: RBI on Friday cancelled the banking licence of Paytm Payments Bank with immediate effect, prohibiting it from carrying out any banking business and setting in motion the process for winding up, even as the entity had already been reduced to a runoff institution after…

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UK Board Class 12 Result 2026 declared: Girls outperform boys again; check pass percentage; link to download marksheet

The Uttarakhand Board has announced the Class 12 results, recording an overall pass percentage of 85.11%. Girls once again outperformed boys, with a pass percentage of 88.09% compared to 81.93% among boys.Last year, girls achieved a pass percentage of 86.2%, compared to 80% among boys. In 2024, the pass percentage of boys stood at 78.97…

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Top five IT firms shed nearly 7k jobs in FY26

BENGALURU: Headcount is passé, outcomes are the new currency. India’s top five IT services firms witnessed net workforce contraction in FY26, reversing the modest hiring recovery a year earlier, as demand uncertainty, delayed decision-making and AI-led efficiency gains weighed on headcount.The traditional fresherheavy pyramid is being reshaped. A people-plus-AI model is upending its foundation, putting…

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Continue with human touch amid digital push, banks told

PUNE: Union Finance Minister Nirmala Sitharaman on Friday said that banks should continue to have a human interface while serving the customers despite the massive continuing thrust on digitisation.“Digitisation should happen. It brings in greater inclusivity. But as this digitisation is happening we should ask ourselves whether we are getting distant from our customer base,”…

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Ageas eyes acquisitions to grow India presence

MUMBAI: Belgium’s top insurer present in life and non-life in India aims to break into the top 10, and will also explore acquisition opportunities as they arise, deepening its commitment to one of its fastest growing markets. The strategy builds on earlier moves, including becoming the first insurer in India to hold over 70% in…

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