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Paytm stock falls over 12% after RBI’s action on payment bank

The payments bank, one of the better functioning businesses of Paytm, had shown 98% year-on-year growth in revenues of payments and financial services vertical in the quarter ended December.

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Paytm stock news

Days after the RBI’s strict action on India’s leading payment bank, the condition of Paytm stocks deteriorated hitting an all time low of Rs 672.10 a piece on Monday. Shares of One 97 Communications Ltd, the Paytm’s parent company, nosedived 13% on Monday to Rs 675 on the National Stock Exchange after the central bank barred Paytm’s payment bank from onboarding its new customers.

The stock of Paytm, which has been falling continuously after the IPO, remained in a bad shape. The company has been in constant loss ever since it entered the open market after the recent IPO.

On NSE, shares opened at Rs 675 a piece, down 12.9% from previous close while on the BSE shares opened at Rs 684, down 11.7% from Friday’s close. At 9:52 am, the shares of Paytm were trading at Rs 682.05 a piece on the BSE index, down to 11.9%.

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Days after the Paytm’s founder Vijay Shekhar Sharma’s arrest and bail, the company spokesperson said that there was no harm caused to any person or property in the said incident. He was arrested and released on bail by Delhi Police for allegedly ramming into a Delhi DCP’s car.

The payments bank, one of the better functioning businesses of Paytm, had shown 98% year-on-year growth in revenues of payments and financial services vertical in the quarter ended December.

Paytm, which was listed in the IPO last year in November, has come down nearly 70%. Its issue price was Rs 2,150, which has now come down to Rs 700. Overall, the investors of the IPO have lost about Rs 1,470 per share.

Paytm CEO Vijay Shekhar Sharma was arrested in February? Everything you need to know


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Bharat Shiksha Summit 2025 to explore future, evolving landscape of education on April 3

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Bharat Shiksha Summit 2025

The Bharat Shiksha Summit 2025 will be held on Thursday (April 3) in New Delhi’s Vigyan Bhawan. The theme of the Summit is Shaping The Future of Education. The event will see prominent leaders, educationists, legal practitioners, EdTech innovators and policymakers brainstorm on the future and evolving landscape of education in the country.

The inaugural session will have a keynote address by Lok Sabha Speaker Om Birla and speeches by Supreme Court judge Justice Rajesh Bindal, Supreme Court Senior Advocate Pradeep Rai, Balaji Foundation Chairperson Rajshri Rai and All India Council for Technical Education (AICTE) Chairman Prof. TG Sitharam.

The session on The Vision of National Education Policy will see a keynote address by Jammu & Kashmir Lieutenant Governor Manoj Sinha and speeches by Uttar Pradesh Deputy CM and Minister for Medical Education Brajesh Pathak, Member of Parliament Naveen Jindal, Association of Indian Universities Secretary General Pankaj Mittal, Senior Advocate Pradeep Rai and Educationist Prof. Bhim Sen Singh.

Keeping in mind the Summit’s aims of exploring reforms, challenges, and future opportunities in the light of global educational advancements, the next session will be on Education, Culture & Contemporary Development. The session will have speeches by Goa Minister for Tourism, IT and Electronics and Communication Rohan Khaunte, historian Dr Vikram Sampath, Kucnow University Vice-Chancellor Prof. Alok Rai, National Law University Delhi Founder Prof. Ranbir Singh, Indira Gandhi Delhi Technical University for Women (IGDTUW) Vice-Chancellor Prof. Ranjana Jha, GTC Group Chairman RK Mahato, Balaji Foundation Chairperson Rajshri Rai, Educationist Prof. Bhim Sen Singh  and Poet-Author Aalok Shrivastav.

The subsequent session will be on Imagining Indian Education. The session will be addressed by Social Justice and Empowerment Minister of State BL Verma, Fisheries, Animal Husbandry and Dairying and Panchayati Raj Minister of State SP Singh Baghel, Rural Development Minister of State Kamlesh Paswan and Ambedkar University Delhi Vice-Chancellor Prof. Anu Singh Lather.

The following session, Education Without Borders, will be addressed by External Affairs Minister of State Kirti Vardhan Singh, Members of Parliament Rajiv Rai and Nishikant Dubey, SAARC University President Prof. KK Aggarwal, DY Patil International University Vice-Chancellor Prof. Prabhat Ranjan, Educationist Prof. Bhim Sen Singh, GGSIP University, New Delhi Dean and Professor Prof. Dhananjay Joshi.

The penultimate session will be focused on Legal Education and Training: Bridging Theory and Practice. Supreme Court judge Justice JK Maheshwari Attorney General of India R. Venkatramani, Senior Advocate Pradeep Rai, National Law Institute University, Bhopal Vice-Chancellor Prof. (Dr.) S. Surya Prakash and National Law University, Delhi Vice-Chancellor Prof GS Bajpai will speak on the many facets of legal education.

The final session, From Verses to Values: Nurturing National Identity Through Poetry & Culture, will have speeches by Members of Parliament Manoj Tiwari and Sudhanshu Trivedi, Janab Waseem Barelvi, Dr. Hariom Panwar, Gajendra Solanki, Poet-Author Dr. Anamika.

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Abir Gulaal: Raj Thackeray-led MNS says it will oppose release of film for featuring Pakistan actor Fawad Khan

He referred to such films as “rotten mangoes” that continue to appear despite repeated warnings.

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The Maharashtra Navnirman Sena (MNS), led by Raj Thackeray, said it will oppose the release of the upcoming film “Abir Gulaal,” which features Pakistani actor Fawad Khan.

Ameya Khopkar, the head of MNS’s cinema wing, expressed the party’s position through a post on the social media platform X, reiterating their stance against the release of films starring Pakistani actors in India. He referred to such films as “rotten mangoes” that continue to appear despite repeated warnings.

Khopkar stated, “Mansainiks have a duty to remove these films from circulation, and we will persist in our efforts. We will not permit ‘Abir Gulaal’ to be shown in Maharashtra. Those who wish to indulge Pakistani actors must be prepared to face us.”

“Abir Gulaal,” which also stars Vaani Kapoor, is scheduled to hit theaters on May 9. The film is directed by Aarti S. Bagdi, known for “Chalti Rahe Zindagi,” and produced by Indian Stories in collaboration with A Richer Lens and Aarjay Pictures. A teaser announcing the release date was launched by the film’s makers on April 1.

Fawad Khan and Vaani Kapoor are gearing up to mesmerize audiences with their forthcoming romantic comedy, Abir Gulaal. The teaser, recently unveiled, offers a glimpse into the story set against the charming backdrop of London. It narrates the tale of two individuals, each dealing with their own heartbreak, who serendipitously cross paths and embark on a journey of healing, ultimately discovering love in one another.

Khan, who recently returned to the screen with Barzakh, has expressed his sincere appreciation for the support and patience shown by his Indian fans during his time away from the limelight.

Directed by Aarti S. Bagdi, known for her work in Chalti Rahe Zindagi, Abir Gulaal is produced by Indian Stories in collaboration with A Richer Lens and Aarjay Pictures. The film’s production team includes several notable industry figures, such as Vivek B. Agrawal, who has previously worked on acclaimed films like Queen and Udta Punjab, alongside Avantika Hari and Rakesh Sippy.

The journey of Fawad Khan in the Indian film industry has been marked by various challenges. In 2016, he found himself at the center of a controversy when the Indian Motion Picture Producers Association enforced a ban on Pakistani artists following the Uri attacks. Tensions escalated when the Maharashtra Navnirman Sena threatened to obstruct the release of Ae Dil Hai Mushkil, leading to a public ultimatum for Pakistani artists to leave India.

Despite the tumultuous situation, the film ultimately received a clearance for release from the Central Board of Film Certification. In a recent development in October 2023, the Bombay High Court dismissed a petition that sought to prohibit Pakistani performers in India.

Throughout his career, Khan has also starred in projects such as Khoobsurat (2014) and Kapoor & Sons (2016). He has expanded his portfolio with international roles, including appearances in Ms. Marvel (2022) and The Legend of Maula Jatt (2022), which became Pakistan’s highest-grossing film.

Vaani Kapoor, recognized for her role in Chandigarh Kare Aashiqui (2021), is also set to feature in Netflix’s upcoming Mandala Murders and the new Bollywood film Badtameez Gill. Abir Gulaal is poised to make its worldwide debut on May 9, and it promises to be an enchanting cinematic experience.

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Waqf Bill in Lok Sabha: Amit Shah says Opposition resorting to fear-mongering to save vote bank

He clarified that such contributions must be derived from personal property and cannot be sourced from government assets.

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Union Home Minister Amit Shah on Wednesday expressed support for the Waqf (Amendment) Bill, addressing concerns and criticisms raised by opposition lawmakers in Lok Sabha. Shah accused Opposition MPs of disseminating various misinformation, suggesting that their motives may be either unintentional or politically driven.

Addressing the Lower House, Shah emphasized that Waqf, which pertains to donations made for religious charities in the name of Allah, represents a charitable endowment made without any expectation of reclaiming the funds. He clarified that such contributions must be derived from personal property and cannot be sourced from government assets.

Shah further noted, “There is no provision to appoint any non-Muslim members to the Waqf. We do not intend to do so, as there will be no intrusion into the religious affairs of Muslims. The opposition’s resistance stems from a desire to appease their voter base.”

On this day, the Lok Sabha began deliberation on the Waqf (Amendment) Bill, 2025, which includes recommendations from a Joint Parliamentary Committee that reviewed the legislation after its introduction in August of the previous year. Additionally, the House considered the Mussalman Wakf (Repeal) Bill, 2024, both introduced for discussion and approval by Minority Affairs Minister Kiren Rijiju.

Shah clarified that while non-Muslim members could be appointed to the board and administrative councils, this would be strictly for administrative functions. He questioned whether a Hindu, Jain, or Sikh could serve as a charity commissioner in a non-religious capacity, arguing that such a move is vital for national integrity.

He insisted that the necessity for the current bill arose from amendments made in 2013 that he considered extreme, highlighting the past government’s inappropriate allocation of prime land in Lutyens Delhi as Waqf properties before the 2014 elections.

Earlier in the day, Union Minister Rijiju defended the Waqf Amendment Bill, asserting that the reforms are positive and necessary, countering claims from those with no direct stake in the bill, who he alleged are being misled.

However, Congress MP KC Venugopal criticized the expedited process, claiming it deprived opposition members of the opportunity to propose amendments. Fellow Congress MP Gaurav Gogoi condemned the bill, arguing that it undermines constitutional values and further marginalizes minority communities.

Samajwadi Party leader Akhilesh Yadav accused the BJP of introducing new legislation to distract from its past failures. Commenting on the government’s claims of promoting women’s empowerment through the Waqf Bill, he challenged the BJP by questioning how many women candidates they would nominate in the upcoming Uttar Pradesh elections. He expressed concern that the Waqf Bill threatens to compromise the country’s secular identity.

AAP MLA Amanatullah Khan also weighed in, questioning Shah’s claims regarding the prime locations of 130 Waqf properties, suggesting that the BJP’s true intentions may involve seizing these properties, referencing past actions against Muslim-owned graveyards and buildings. He raised concerns about the government’s plans for properties that are not officially recorded as Waqf.

Meanwhile, Eknath Shinde, Chief of Shiv Sena and Maharashtra’s Deputy Chief Minister, reiterated his party’s stance on the Waqf Board, affirming, “Our position has always been unequivocal. We will not compromise our views for the sake of power or self-interest. Our support for the Waqf Amendment Bill is firmly rooted in promoting the welfare and progress of the Muslim community.”

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