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SkyHop Aviation founder & CEO Avani Singh NEW DELHI: After some fits and starts in the past, India will again see seaplane services. The Directorate General of Civil Aviation (DGCA) has granted air operator certificate (AOC or licence) to SkyHop Aviation which plans to become India’s first dedicated commercial seaplane operator.In the first phase, SkyHop…
Paytm said the RBI had effectively withdrawn Paytm Payments Bank’s licence. Paytm share price today: Shares of One 97 Communications, the parent of fintech platform Paytm, dropped as much as 8 per cent on Monday, falling to an intraday low of Rs 1,057 on the National Stock Exchange. The sharp decline came after the Reserve…
RBI cancels Paytm Payments Bank licence; to approach High Court MUMBAI: RBI on Friday cancelled the banking licence of Paytm Payments Bank with immediate effect, prohibiting it from carrying out any banking business and setting in motion the process for winding up, even as the entity had already been reduced to a runoff institution after…
The Reserve Bank of India cancelled the banking licence of Paytm Payments Bank Limited, on Friday, ceasing its operations as a bank, effective from April 24. “The Reserve Bank of India (RBI) has cancelled the banking licence issued to Paytm Payments Bank Limited under Section 22(4) of the Banking Regulation Act, 1949 (‘BR Act’) effective…
VIRUDHUNAGAR: A powerful explosion killed 23 workers and injured six at a firecracker factory in Kattanarpatti village Sunday afternoon, underscoring a long history of fatal blasts in Virudhunagar district of Tamil Nadu – part of India’s main fireworks manufacturing belt centred around Sivakasi.The blast struck around 3.20pm at Muthuramlingapuram panchayat, roughly 520km southwest of Chennai,…
INDORE: Eighteen-year-old Mohnish, who ploughed his car through a group of residents leading to death of a woman at Shiv Vatika township, had allegedly been driving for the past one to two years without a valid licence. He turned 18 just seven days ago.The Lasudia police have secured his and his father Kuldeep Chaudhary’s two-day…
A digitisation loophole enabled officials and agents in Rajasthan RTOs to revive prized vintage numbers, transfer them to new vehicles, and forge records, triggering a statewide fraud probeTwo years ago, Shankar Sisodia (name changed) did what thousands of car owners in Jaipur do without thinking twice: he hired an agent to renew a registration certificate…
The upcoming Noida International Airport in Jewar has received its aerodrome licence from the Directorate General of Civil Aviation (DGCA), clearing a key regulatory hurdle and bringing the project closer to the start of flight operations.The development was confirmed by Rakesh Kumar Singh, chief executive officer of Noida International Airport Limited (NIAL) and the Yamuna…
NEW DELHI: Reliance Industries Ltd has received a general licence from the US to directly buy Venezuelan crude without violating sanctions.Those familiar with the development said the licence allows RIL to purchase, refine, export and sell Venezuelan-origin oil that has already been extracted. They added Washington has granted similar licences to several entities globally, with…
Issuing such approval to Reliance may accelerate Venezuela’s crude shipments. (AI image) Reliance Industries (RIL) has been granted a general licence by the Donald Trump administration that will allow the company to crude oil directly from Venezuela without breaching any existing sanctions, a Reuters report has said.According to the report, this general licence permits the…
