Paytm swings to profit in Q1, 1st for core business

MUMBAI: Paytm swung to profit in the June quarter after two straight quarters of losses, posting net profits of Rs 123 crore on a consolidated basis as attempts to check costs and streamline operations leveraging AI paid off. This is the company’s first quarter of profit from its core business.The fintech, whose business was impacted…

Read More

India-UK free trade deal gets Cabinet nod: Pact to be signed in London during PM Modi’s visit; aims to double trade to $120 bn

The Union Cabinet has approved the long-pending free trade agreement (FTA) between India and the United Kingdom, which is scheduled to be signed in London on July 24 during Prime Minister Narendra Modi’s visit, PTI reported citing official sources.The pact, formally called a Comprehensive Economic and Trade Agreement, was finalised on May 6 after multiple…

Read More