February 2024

India’s central bank discusses more penalties on Paytm Payments Bank, including revoking license

February 1, 2024

The Reserve Bank of India is discussing more penalties on Paytm Payments Bank and may reach a decision within days, two sources familiar with the matter told TechCrunch. The central bank has internally discussed revoking the payments bank license of Paytm, the sources said, requesting anonymity as they are not authorized to speak to the […]

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Reliance-backed Viacom18 agrees to buy 60% of Disney’s India unit, report says

February 1, 2024

Reliance-backed Viacom18 has reached an agreement to buy 60% of Disney’s India unit, WSJ reported Thursday citing unnamed sources, creating a pathway for the Indian conglomerate to form a $10 billion media giant in the South Asian market. The deal, which WSJ says will close this month, values Disney’s India unit at $3.9 billion, the […]

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Paytm to terminate business with Paytm Payments Bank after central bank’s clampdown

February 1, 2024

Paytm said Thursday that it will cease working with its associate Paytm Payments Bank and accelerate plans to partner with other banks, after India’s central bank barred Paytm Payments Bank from conducting nearly all of its business activities due to supervisory concerns. The Noida-based financial services firm said it expects its loan distribution, insurance distribution […]

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Tesla sued for allegedly mishandling hazardous waste in California for years

February 1, 2024

Tesla has been sued by 25 California counties alleging the automaker has repeatedly mishandled hazardous waste at facilities throughout the state. The lawsuit was filed after months of settlement talks apparently fell apart. The complaint, filed in San Joaquin County Superior Court, states that Tesla improperly labeled and disposed of materials like “lead acid batteries […]

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