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After its strong debut in late March, investors have soured on Trump Media & Technology Group after the company disclosed millions of dollars in losses earlier this month and said it would struggle to meet its financial liabilities.
Paytm processed around 1.2 billion UPI transactions in March. This is below 1.3 billion transactions in February and 1.4 billion in January. Overall, UPI payments rose to 13.4 billion in March compared to 12 billion in February, per NPCI data.
The new funding comes as the Bengaluru-based etailer presses ahead with plans to launch its quick-commerce service.
India's Paytm informed the exchanges that Surinder Chawla had resigned as the chief executive officer of its banking unit Paytm Payments Bank "on account of personal reasons". This comes almost a month after the entity stopped basic banking services under instructions from the Reserve Bank of India.
Jeffrey Katzenberg foresees accelerated movie production with generative AI. Adam Fowler analyzes AI's impact in Hollywood, while industry voices concerns over AI tools. Sam Tung advocates for AI rules, and Sarah Myers West highlights the significance of labor agreements in shaping AI deployment.