News

News, The Morning Context

Paytm has steadied the ship

Paytm has turned an operational profit for the first time. On a revenue of Rs 1,470 crore, the company reported a profit of Rs 122.5 crore. This first ever truly profitable quarter will hearten public investors. Paytm was hit hard by the Reserve Bank of India shutting down Paytm Payments Bank and forcing the company to discontinue Paytm wallets in early 2024. The company has been on a steady mend since that wipeout.

News, The Morning Context

Former Bizongo employee arrested in Mumbai

Former Bizongo employee arrested in Mumbai. The B2B e-commerce startup has accused Nainish Shah, a former associate director, of allegedly misappropriating about ₹20 crore through fake invoices. Nainish Shah has been arrested by the Mumbai Police. The arrest follows an FIR filed by Bizongo in April alleging breaches related to conspiracy, breach of trust, cheating and forgery.

Scroll to Top