INDIAN (B)

As part of this deal, PayU will merge its in-house digital consumer credit platform LazyPay with PaySense, the company said. PayU will own about 80% stake in the merged entity, which is being valued at upwards of $300 million (Rs 2,127 crore).



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The ED on Friday attached properties worth over Rs 78 crore of former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar, accusing the banker of money laundering in a case pertaining to “illegal sanctioning of loans” of Rs 1,875 crore to Videocon Group of companies. Investigations also revealed that Chanda Kochhar and her family acquired an apartment in Mumbai owned by a Videocon Group company.



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The government is planning to push the Reserve Bank of India (RBI) for another interim dividend, as it struggles to meet its expenditure commitments amid a steep revenue shortfall, as per a report by news agency Reuters.



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The DGCA has suspended the flying licence of an AirAsia India captain for three months, for runway incursion at Mumbai Airport last year. The regulator took this decision after probing the airline’s flight I5-374 which was preparing to depart from Mumbai for Indore on November 5 when it mistakenly entered the active runway without clearance.



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Union petroleum and natural gas minister Dharmendra Pradhan on Saturday said there is no need to panic about oil prices owing to present tensions between Iran and the US.



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After a longdrawn battle to take control over debt-ridden Essar Steel, the Ruias of Essar Group and L N Mittal of ArcelorMittal have locked horns for wresting control of the captive port at the steel plant facility at Hazira.



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Account holders will be able to give standing instructions to enable recurring payments through the Unified Payments Interface (UPI) platform. The RBI has allowed payments processors to debit accounts through UPI based on a mandate provided by the customer. This facility would be available for payments of up to Rs 2,000 only.



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Rashesh Shah, chairman of Edelweiss Financial Services, has been summoned to appear before the Enforcement Directorate, in relation to a probe of Capstone Forex, a Mira Road-based company, for forex violations. Shares of Edelweiss fell 10% to Rs 105 on Friday afternoon after news of the summons broke out.



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At the beginning of this year, Trai revisited its tariff order – which had come into effect in February 2019 – and reduced the maximum price a consumer has to pay for a channel from Rs 19 to Rs 12. Broadcasters described the amendment to the tariff order as “detrimental to the orderly growth of the sector”, and in contradiction to the government’s stated position on “ease of doing business”.



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Infosys’s audit committee that investigated the slew of allegations made by an anonymous whistleblower (or whistleblowers) has found no evidence of financial impropriety or executive misconduct.



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