Connect with us

Latest News

Delhi High Court Files PIL Against Paytm

Published

on

Delhi High Court Files PIL Against Paytm,Startup Stories,Latest Business News 2019,RBI to Clarify on PIL Against Paytm,PIL against Paytm Post Paid Wallet,PIL Against Operations of Paytm Post Paid Wallet,Paytm Post Paid Wallet Latest News,Delhi High Court

Paytm Payment Bank, Paytm’s first profitable feature, landed in trouble yet again. The latest issue faced by Paytm was a Public Interest Litigation (PIL) filed against the Vijay Shekhar Sharma owned company. The reason cited in the PIL was the lack of legal authorisation when it comes to the Company’s online postpaid wallet feature.

On the 27th of May, a Delhi High Court bench headed by Chief Justice Rajendra Menon questioned the Reserve Bank of India (RBI) and Paytm to about the PIL filed against the Company for overstepping its licence.

Filed through advocate Payal Bahl, the petition said, Paytm Payments Bank Limited was initially granted an online payments licence under Section 22 of the Banking Regulation Act, 1949 by the RBI in January 2017. Shortly after, Paytm started abusing the licence and even though it wasn’t allowed to distribute loans or allow credits, it kept doing so either way.

“Paytm Payments Bank by the means of its unauthorised Paytm Postpaid has provided un-monitored and unauthorized access to the personal information such as Aadhaar, PAN, transactions etc. of the its customers to unauthorized third party, thereby clearly violating Article 21 of the Indian Constitution and other relevant banking acts,” the PIL claimed.

With this, the PIL said, Paytm’s postpaid wallet was illegal and was contradictory to the guidelines set under Section 22. The RBI was involved in the sanction because Paytm had not involved or informed the Bank about the operations of the postpaid wallet.

The Delhi High Court asked the Central Government and the RBI to file affidavits with their responses regarding the issue before the next hearing of the case on the 3rd of September.

Stay tuned for more updates.

Continue Reading
Advertisement
4 Comments

4 Comments

  1. Keithjeant

    April 18, 2026 at 4:15 pm

    The CBD aggregation – euphoric gummies offers a assortment of formats that make appropriate singular preferences, and each a certain feels ok executed. The unguent appears blameless and accordance, the packaging materials discern long-lasting, and the layout is lucid yet elegant. The products are easy to store and treks with, thanks to sheltered lids and aphoristic sizing. Entire, the maker delivers a proficient and carefully crafted test without dispensable extras.

  2. JosephNuh

    April 18, 2026 at 7:54 pm

    The CBD collection – https://www.tillmanstranquils.com/products/relief-gummies offers a assortment of formats that make appropriate other preferences, and each one feels intimately executed. The oil appears unsoiled and compatible, the packaging materials discern heavy-duty, and the connivance is unostentatious yet elegant. The products are quiet to assemble and go with, thanks to make fast lids and compressed sizing. Total, the brand delivers a polished and carefully crafted feel without dispensable extras.

  3. Jameskip

    May 4, 2026 at 7:59 pm

    The aroma of this terpene blend – organic terpenes for sale is exceedingly unclutter and ingenuous, not too tireless but still unmistakable in the most way. It blends smoothly and adds a much bettor flavor study without powerful all things else. Even a close amount makes a balance, which says a lot about the quality. The packaging was secure, shipping was rakish, and the sound experience felt reliable. Indeed decent spin-off and joined I’d happily command again.

  4. Eddiecef

    May 6, 2026 at 5:53 pm

    I’ve been exploring https://terpenewarehouse.com/products/pineapple-express-terpenes recently, and I’m deep down enjoying the experience. The scents are well off, customary, and pleasant. They add a outgoing touch to my always drill, dollop set the atmosphere and atmosphere. A great hit upon quest of anyone who appreciates savoury wellness tools.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Healthy Snacking Is Emerging as India’s Next Consumer Growth Story

Published

on

Healthy Snacking - Startup Stories

The healthy snacking category in India is no longer a niche trend it is steadily becoming a mainstream consumer movement. The latest funding momentum around brands like Phab highlights how investors are increasingly backing companies that sit at the intersection of health, convenience, and modern lifestyles. As urban consumers become more conscious of ingredients, nutrition, and long-term wellness, demand is shifting away from traditional packaged snacks toward products that promise both taste and better nutritional value.

What makes this market particularly attractive is its ability to create recurring consumer habits. Unlike many direct-to-consumer categories that rely heavily on one-time purchases, healthy snacks naturally fit into daily routines. This opens opportunities for brands to build stronger customer loyalty while expanding into adjacent categories such as protein-rich foods, functional beverages, and wellness-focused products. The competition is no longer about selling snacks it is about owning a larger share of the consumer’s health journey.

Looking ahead, the biggest winners may not be the brands with the widest product portfolios, but those that can balance nutrition, affordability, and taste at scale. As health-conscious consumption expands beyond metro cities, India’s better-for-you food segment could evolve into one of the country’s most significant consumer categories. The growing flow of capital into this space signals that investors are betting on a long-term behavioral shift rather than a short-lived food trend.

Continue Reading

Latest News

Why Capital Is Flowing Toward Bharat-Focused Fintechs Again

Published

on

Indian

India’s fintech sector is entering a new phase of growth, and the spotlight is increasingly shifting toward underserved consumers in smaller cities and towns. The recent funding secured by WeRize reflects growing investor confidence in platforms that are expanding access to financial products such as credit, insurance, and other services for customers who have traditionally remained outside the reach of formal financial institutions. As digital adoption deepens across the country, fintech companies are finding significant opportunities beyond metro markets.

What makes this trend notable is the industry’s transition from simply enabling digital payments to building broader financial ecosystems. Rather than focusing on a single service, fintech firms are expanding their product portfolios to meet multiple customer needs under one platform. This approach not only strengthens customer relationships but also creates more sustainable business models by increasing engagement and lifetime value.

The larger implication is that India’s next fintech growth story may be driven by financial inclusion rather than convenience alone. Investors are increasingly backing companies that combine technology, data-driven underwriting, and localized distribution to serve emerging consumer segments. As competition intensifies, the ability to build trust, offer relevant products, and address the financial needs of Bharat could become a key differentiator for the next generation of fintech leaders.

Continue Reading

Latest News

OpenAI’s Trusted Contact Feature Signals a New Direction in AI Safety

Published

on

Open AI

OpenAI’s introduction of trusted contact safeguards for potential self-harm cases reflects a major evolution in AI responsibility.

Beyond Moderation

AI safety is shifting from simply blocking harmful content to actively supporting user wellbeing through:

  • early risk detection
  • human-centered intervention
  • stronger emotional safety frameworks

This positions AI as more than an information tool—it becomes part of broader digital support systems.

Key Industry Impact

Trusted contact models could influence future safety standards across:

  • AI assistants
  • mental health platforms
  • social media
  • digital health services

The Bigger Challenge

While promising, success depends on balancing:

  • privacy
  • consent
  • ethical intervention
  • user trust

Final Take

This move signals that the future of AI safety may rely not just on preventing harmful responses, but on building more responsible, human-connected support systems.

Continue Reading
Advertisement

Recent Posts

Advertisement