Govt examining foreign direct investment flow from China in Paytm Payments Services: Sources

4 days, 19 hours ago

Delhi High Court Quashes ED's Denial Of NOC To Times Of India Group For Overseas Investments

Live Law

The Delhi High Court has quashed the Enforcement Directorate's decision to deny No Objection Certificates under Foreign Exchange Management Rules, 2022 to media conglomerates Bennet Coleman & Co. Ltd and its subsidiary the Times Internet Limited, the digital venture of the Times of India Group. For this purpose, the Times Group sought NOCs from the ED under Rule 10 of …

India High Court Foreign Exchange Fema Group Court Quashes Til

1 week ago

China, US financial regulators bolster cooperation in insurance sector

China Daily

By ZHOU LANXU | chinadaily.com.cn | Updated: 2024-12-17 16:11 Chinese and US flags flutter outside the building of an American company in Beijing. China and US financial regulators have agreed to strengthen cooperation in the insurance sector as they convened a regular working meeting despite intensified uncertainties brought by the incoming US administration. As an outcome of the seventh meeting …

China Financial Insurance Sector Financial Regulators Regulators Bolster

1 week, 3 days ago

JPMorgan-Backed ISG Secures RBI Approval To Operate As Payment Aggregator

ABP News

In-Solutions Global, a fintech company backed by JP Morgan, has received full authorisation as a Payment Aggregator under the Reserve Bank of India’s regulatory framework. The RBI approval enables ISG to enhance digital payment solutions for merchants across various industries, ensuring fast, secure, and efficient transactions. It strengthens our position as a trusted partner, enabling us to power enterprises and …

India Payment Rbi Jpmorgan Isg Ondc

2 weeks, 1 day ago

Paytm shares rise 3% to hit 52-week high. What's driving the rally?

India Today

Shares of Paytm,, rose 3% in early trade on Monday to hit a 52-week high. The surge came after the company announced that its wholly-owned subsidiary, One97 Communications Singapore Pvt Ltd, had sold its Stock Acquisition Rights in Japan-based PayPay Corporation to SoftBank Vision Fund 2. Paytm shares climbed 3.19% in early trade to reach Rs 1,007 on the Bombay …

Japan Stock Paytm Paytm Singapore Paypay Corporation Paypay

2 weeks, 3 days ago

Paytm’s Singapore arm approves stake sale in Japan’s PayPay

Live Mint

Paytm's parent company, One97 Communications, on Friday, December 6, 2024, approved the sale of its stake in Japan’s credit card company PayPay Corporation. One97 Communications Singapore, a wholly-owned subsidiary of Paytm's Singapore arm, ‘Paytm Singapore’, approved the sale of its stake to the Japanese digital payments company. "We wish to clarify that we have been informed by One97 Communications Singapore …

Japan Sale Company Cent Qoq Its Stake One97 Communications

2 weeks, 4 days ago

Foreign financial firms beef up China investment

China Daily

China Daily | Updated: 2024-12-06 10:10 BEIJING — Since the start of this year, an increasing number of foreign financial institutions have cast a vote of confidence in China by establishing new securities entities and expanding the scope of their existing businesses in a market that continues to grow and open up. This year, other foreign financial institutions, especially securities …

China Market Financial Investment Securities Chinese Foreign

2 weeks, 4 days ago

Foreign financial firms beef up China investment

China Daily

BEIJING — Since the start of this year, an increasing number of foreign financial institutions have cast a vote of confidence in China by establishing new securities entities and expanding the scope of their existing businesses in a market that continues to grow and open up. This year, other foreign financial institutions, especially securities firms, have also increased their presence …

China Market Financial Investment Chinese Securities Firms Qfii

1 month ago

CIIE showcases nation's enormous market potential

China Daily

Anyone wanting to get a better idea of an influential expo that showcases China's high-level opening-up and vast market potential — offering tremendous opportunities for global participants — should visit the China International Import Expo in Shanghai in early November. Many foreign business executives told me that amid unprecedented global changes and a sluggish economic recovery, they view the CIIE …

China Market Companies Ciie New Materials

1 month ago

How attacks on Chinese working for CPEC projects dent China-Pakistan ties

Firstpost

That the Chinese have felt the need to hire private security is perplexing when the Pakistan army has granted itself a huge rise in the budget ostensibly to take care of their security There appears to be some rusting in a certain ‘iron brother’ relationship. Just a day ago, Chinese Foreign Ministry spokesman Lin Jian, while reiterating the ‘all-weather friendship’ …

Security China Army Pakistan Budget Country Chinese

1 month, 1 week ago

China Eximbank backs BRI cooperation

China Daily

Pedestrians walk past an Belt and Road cooperation has progressed from "sketching the outline" to "filling in the details", delivering tangible and fruitful outcomes in the 11 years since the launch of the Belt and Road Initiative. To promote high-quality Belt and Road cooperation, the Export-Import Bank of China, as a financial institution dedicated to supporting China's foreign trade and …

Support China Development Financial Financial Institutions Cooperation Countries

China to steadily push forward financial opening-up: central bank

China Daily

Xinhua | Updated: 2024-11-07 17:00 Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China. BEIJING - China will steadily promote institutional opening-up of the financial service sector and the financial market, and expand connectivity between domestic and overseas financial markets, according to the central bank. China will continue to implement a supportive monetary policy, …

China Market Financial Bank Chinese

1 month, 2 weeks ago

China at center of our business, says StanChart Group CEO

China Daily

Standard Chartered's booth during a supply chain expo in Beijing in December 2023. Earlier this year, at the China Development Forum, Winters spoke about Standard Chartered's confidence in the opening-up of China's capital markets, describing the process as careful and thoughtful. Since then, it has gained a domestic fund custody license, participated in the Bond Connect Scheme between the Chinese …

China Hong Kong Chinese Winters Standard Chartered

1 month, 2 weeks ago

China revises rules to ease foreign strategic investment in listed firms

China Daily

China revises rules to ease foreign strategic investment in listed firms Xinhua Updated: Nov 04, 2024 High-rises dominate the skyline on both sides of the Huangpu River in Shanghai. Chinese authorities on Friday released revised rules on foreign investors' strategic investment in listed companies in a move to encourage foreign investors to make long-term and value investment in the country. …

China Investment Foreign Investors Rules Foreign Listed Requirement

1 month, 3 weeks ago

Revised Rules Ease Foreign Strategic Investment in Listed Firms in China

China Daily

Chinese authorities have revised rules to ease foreign strategic investment in listed firms. The revised rules allow foreign natural persons to make strategic investment in listed companies, including tender offers and share placements. The capital requirement is also lowered for foreign investors that do not become the controlling shareholders in listed firms. The new rules also ease requirements on the …

Business Law Finance Investment Shanghai

3 months, 1 week ago

China hands PwC a six-month ban and fine over audit of collapsed developer Evergrande

The Hindu

Chinese authorities have banned the accounting firm PwC for six months and fined it over 400 million yuan over its involvement in the audit of collapsed property developer Evergrande. China's Ministry of Finance said in a statement on Friday that it was imposing 116 million yuan in fines and confiscation of illegal gains on PwC Zhong Tian, also known as …

China Audit Million Pwc Zhong Tian Hengda Securities Regulator Developer Evergrande

3 months, 1 week ago

China hands PwC a 6-month ban and fine over audit of the collapsed developer Evergrande

Associated Press

HONG KONG — Chinese authorities have banned the accounting firm PwC for six months and fined it over 400 million yuan over its involvement in the audit of collapsed property developer Evergrande. China’s Ministry of Finance said in a statement Friday that it was imposing 116 million yuan in fines and confiscation of illegal gains on PwC Zhong Tian, also …

China Audit Million Regulator Evergrande Pwc Zhong Tian Hengda

3 months, 3 weeks ago

Foreign direct investment in China optimizes, upgrades

China Daily

A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China's Anhui province. According to the United Nations Conference on Trade and Development's Global Investment Trends Monitor, excluding higher values in a few European conduit economies, global FDI flows had dropped by 18 percent in 2023, …

Global China Foreign Investment Billion Foreign Investment Fdi Direct Investment Fdi

3 months, 3 weeks ago

Paytm gets government nod for investment in payments arm: Details

India TV News

India's Paytm has received approval from the country's finance ministry to invest in its payment services business, the fintech firm. In July, Reuters reported, citing a top finance ministry official, that Paytm had secured approval for a 500 million rupee investment in its payments arm. Paytm Payment Services is one of the biggest remaining parts of the fintech firm's business …

India Services Payments Bank Paytm

4 months, 3 weeks ago

China taking steps to expand market access

China Daily

Large ships under construction at a shipyard in Rongcheng, Shandong province. LI XINJUN/FOR CHINA DAILY China is taking significant steps to expand market access and encourage foreign investment across a wide range of industries such as finance, manufacturing and services, the Ministry of Commerce said on Friday. China is revising and will publish the regulations for strategic investments by foreign …

China Investment Foreign Investment Foreign Zhu Market Access

4 months, 3 weeks ago

Govt's stand on Chinese investment unchanged, Economic Survey an independent report: Piyush Goyal

New Indian Express

NEW DELHI: Commerce Minister Piyush Goyal on Tuesday said there has been no rethink on the government's stand on allowing Chinese investment and the views expressed in the Economic Survey do not represent the government's views. During the Question Hour, Congress MP Gaurav Gogoi alleged that India has become dependent on China and quoted the Economic Survey, saying it supported …

India China Congress Economic Upa Survey Chinese

4 months, 3 weeks ago

China committed to offering strict, equal IP protection for foreign innovators: official

China Daily

BEIJING -- China is committed to providing a fair business environment and strict intellectual property protection for foreign enterprises, said a Chinese IP official on Monday. Hu said that the Chinese government had issued a series of guidelines and regulations, emphasizing the importance of providing equal IP protection for both domestic and foreign enterprises. In terms of protection efficiency, Hu …

China Protection Chinese Foreign Enterprises Cnipa Foreign Enterprises

4 months, 4 weeks ago

Government may review restrictions on FDI from China

Hindustan Times

The government is holding discussions whether to review the Press Note 3 that restricted foreign direct investments, particularly from China, in April 2020 after some Chinese entities attempted “opportunistic” acquisitions of Indian companies taking advantage of financial stress caused by the Covid-19 pandemic, two officials said on Wednesday. On Monday, the Economic Survey, prepared by chief economic advisor V Anantha …

India China Indian Chinese 2020 Dpiit Fdi

5 months ago

Country will open door wider as it remains committed to higher standard opening-up: China Daily editorial

China Daily

The Resolution of the Central Committee of the Communist Party of China on Further Deepening Reform Comprehensively to Advance Chinese Modernization approved by the third plenary session of the 20th CPC Central Committee upon its conclusion in Beijing on Thursday sends a clear message that China will not give up eating for fear of choking. As set out in the …

China Development Investment Foreign Investment Chinese Open Foreign

5 months ago

Nation's opening to further intensify

China Daily

A foreign tourist takes pictures of a child wearing traditional Chinese apparel in Changsha, Hunan province, on May 14. "We will turn China's vast market into a major opportunity for the world," he said, adding that Beijing will continue to make life more convenient for foreign travelers in terms of accommodation, medical services and payments. Mu Hong, deputy director of …

China Market Reform Party Chinese Beijing Foreign

5 months, 1 week ago

Paytm Receives SEBI Warning Over Unapproved Transactions With Paytm Payments Bank

Live Law

One 97 Communications, the parent company of Paytm, has received an administrative warning from the Securities and Exchange Board of India regarding certain transactions conducted during the financial year 2021-22. SEBI's letter stated that Paytm engaged in related party transactions with Paytm Payments Bank Limited without obtaining the necessary approvals from its audit committee or shareholders. SEBI's letter noted that …

Sebi Material Transactions Paytm Material Rpts Rpts Letter Noted

5 months, 1 week ago

Opening-up policies attract tourists to country

China Daily

Foreign visitors pose for a photo at Tian'anmen Square in Beijing on June 1. This is largely thanks to China's continuous efforts to expand the visa-free policy for foreigners, including the unilateral opening of 15-day visa-free travel for people from some countries and a 144-hour visa-free transit for people from more than 50 countries, including the United States, Canada and …

China Beijing Foreign Tourists

5 months, 1 week ago

Opening-up policies attract tourists to country

China Daily

Foreign visitors pose for a photo at Tian'anmen Square in Beijing on June 1. This is largely thanks to China's continuous efforts to expand the visa-free policy for foreigners, including the unilateral opening of 15-day visa-free travel for people from some countries and a 144-hour visa-free transit for people from more than 50 countries, including the United States, Canada and …

China Beijing Foreign Tourists

5 months, 1 week ago

Foreigners embrace enhanced payment services in China

China Daily

China's visa-free policy and other measures have substantially boosted international exchanges. As flights to China return to pre-pandemic levels, the country has welcomed 12.09 million foreign visitors from January to May-end 2024, with 7.01 million utilizing the visa-free policy, according to the National Immigration Administration. Many foreign visitors rely on bank cards and cash, while mobile payment are the prevalent …

China Foreigners Payment Million Foreign

5 months, 2 weeks ago

Foreigners embrace enhanced payment services in China

China Daily

China's visa-free policy and other measures have substantially boosted international exchanges. As flights to China return to pre-pandemic levels, the country has welcomed 12.09 million foreign visitors from January to May-end 2024, with 7.01 million utilizing the visa-free policy, according to the National Immigration Administration. Many foreign visitors rely on bank cards and cash, while mobile payment are the prevalent …

China Foreigners Payment Foreign

5 months, 2 weeks ago

Paytm said to get government nod to invest in payments arm: report

The Hindu

India's beleaguered Paytm has secured approval from a government panel that oversees investments linked to China to invest 500 million rupees in a key subsidiary, three sources with direct knowledge of the matter said. The approval, which still has to be vetted by the finance ministry, will remove the main stumbling block to the unit, Paytm Payment Services, resuming normal …

India Paytm Payment

5 months, 2 weeks ago

Epson banks on local ties for expansion

China Daily

Tetsuya Iwasaki, CEO of Epson China. Tetsuya Iwasaki, CEO of Epson China, said in an interview with China Daily that the Chinese market plays a significant role in Epson's global roadmap, with print heads, robotics and electronic components businesses accounting for a high proportion. Iwasaki said China's intensified push to advance high-standard opening-up has injected strong confidence into foreign companies, …

China Market Local Foreign Investment Company Chinese Epson

5 months, 2 weeks ago

Bond Connect helping investors

China Daily

A view of the Victoria Harbor in Hong Kong. The Bond Connect program linking the mainland and Hong Kong bond markets has largely facilitated the outbound reach of Chinese investors and addressed the increasing investment appetite of foreign ones, demonstrating the nation's continued efforts to advance two-way opening-up in the financial sector, said experts. Launched in July 2017, the program …

China Market Foreign Investors Trading Bond Investors Chinese

5 months, 3 weeks ago

Foreigners embrace enhanced payment services in China

China Daily

China's visa-free policy and other measures have substantially boosted international exchanges. As flights to China return to pre-pandemic levels, the country has welcomed 12.09 million foreign visitors from January to May-end 2024, with 7.01 million utilizing the visa-free policy, according to the National Immigration Administration. Many foreign visitors rely on bank cards and cash, while mobile payment are the prevalent …

China Foreigners Payment Foreign Embrace Enhanced

5 months, 3 weeks ago

Talking Business | Foreigners embrace enhanced payment services in China

China Daily

China's visa-free policy and other measures have substantially boosted international exchanges. As flights to China return to pre-pandemic levels, the country has welcomed 12.09 million foreign visitors from January to May-end 2024, with 7.01 million utilizing the visa-free policy, according to the National Immigration Administration. Many foreign visitors rely on bank cards and cash, while mobile payment are the prevalent …

China Payment Foreigners Embrace

5 months, 3 weeks ago

Nation vows to further deepen opening-up

China Daily

An aerial view of Canton Tower in Guangzhou, capital of Guangdong province. YANG HE/FOR CHINA DAILY China will intensify efforts to further attract foreign investment, in order to drive the growth of the world's second-largest economy in the new development paradigm, according to an executive meeting of the State Council, the country's Cabinet, on Wednesday. The meeting, which was chaired …

Investment Foreign Investment China Foreign

5 months, 3 weeks ago

Nation vows to further deepen opening-up

China Daily

An aerial view of Canton Tower in Guangzhou, capital of Guangdong province. China will intensify efforts to further attract foreign investment, in order to drive the growth of the world's second-largest economy in the new development paradigm, according to an executive meeting of the State Council, the country's Cabinet, on Wednesday. The meeting, which was chaired by Premier Li Qiang, …

China Investment Foreign Investment Foreign

5 months, 3 weeks ago

Nation vows to further deepen opening-up

China Daily

By Wang Keju| China Daily| Updated :2024-06-27 An aerial view of Canton Tower in Guangzhou, capital of Guangdong province. YANG HE/FOR CHINA DAILY China will intensify efforts to further attract foreign investment, in order to drive the growth of the world's second-largest economy in the new development paradigm, according to an executive meeting of the State Council, the country's Cabinet, …

China Investment Foreign Investment Foreign Nation Nation Vows

5 months, 3 weeks ago

Nation vows to further deepen opening-up

China Daily

By Wang Keju| China Daily| Updated :2024-06-27 An aerial view of Canton Tower in Guangzhou, capital of Guangdong province. YANG HE/FOR CHINA DAILY China will intensify efforts to further attract foreign investment, in order to drive the growth of the world's second-largest economy in the new development paradigm, according to an executive meeting of the State Council, the country's Cabinet, …

China Investment Foreign Investment Foreign

6 months, 3 weeks ago

Beijing passes regulation to optimize foreign investment environment

China Daily

Photo taken on Jan 14, 2024 shows a view of Beijing's Central Business District. Beijing passed its first special regulation on foreign investment on Friday, representing the Chinese capital's latest effort to promote further opening up and boost its appeal to global investors. "The introduction of the regulation is timely and has received a positive response among foreign companies," said …

China Market Data Regulation Companies Foreign Investment Investment Environment

6 months, 3 weeks ago

China may impose record fine on PwC over Evergrande auditing work

Hindustan Times

China is poised to impose a record fine on PricewaterhouseCoopers LLP and suspend some of the global auditor’s local operations over its role in one of the nation’s biggest alleged financial fraud cases, according to people familiar with the matter. Part of the penalties could also include a halt of operations at some of PwC’s mainland offices, the people said, …

China Financial Chinese Billion Firm Pwc Yuan Fine

6 months, 3 weeks ago

Is Paytm in talks with Adani Group to sell stake? Company issues clarification

India TV News

New Delhi: One97 Communications Limited, the parent company of Paytm, has denied being in discussions with the Adani Group about a potential stake sale, terming the report "speculative". This clarification comes in response to a report suggesting that billionaire Gautam Adani was in talks with Paytm founder Vijay Shankar Sharma to buy a stake in the digital payments company. News …

Bank Report Sharma Gautam Adani Adani Stake Paytm

7 months ago

'De-Sinicization' by West presents challenges

China Daily

CAI MENG/CHINA DAILY This year, there will be significant economic and political change globally. China's economy now faces three major challenges: the disruption and long-term negative effects of the COVID-19 pandemic to personnel exchanges and industrial and supply chains; rising geopolitical tensions; as well as competition among major powers that arise while fighting global climate change. In recent years, the …

Economy Europe China Trade Japan Development Investment

7 months, 2 weeks ago

Top financial watchdog to aid development of foreign institutions in China

China Daily

A clerk counts cash at a bank in Nantong, Jiangsu province. The National Financial Regulatory Administration is planning to introduce more opening-up measures to address legitimate concerns of foreign institutions and improve regulations on foreign banks and insurers, thereby facilitating the development of foreign institutions in China, an official of the top financial watchdog told China Daily in an exclusive …

China Market Financial Investment Foreign Investment Aid Foreign

8 months ago

Paytm starts migrating users to new UPI IDs: What changes for you?

Hindustan Times

One97 Communications Limited, Paytm's parent company, began migrating customers to partner payment service provider banks Axis Bank, HDFC Bank, SBI and Yes Bank. Until now, Paytm UPI customers were using Paytm Payments Bank Limited which was barred by the Reserve Bank of India from conducting several business operations. Paytm roped in Axis Bank, Yes Bank, SBI and HDFC Bank as …

Bank Rbi Hdfc Bank Yes Bank Upi Psp Paytm Users

8 months, 1 week ago

China specifies steps to improve payment services in tourist attractions

China Daily

A foreign tourist pays via Alipay at a store in Beijing. Chinese authorities have specified a slew of measures to further enhance payment convenience in major tourist attractions across the country and cater to diversified payment demand from elderly citizens, foreigners and other tourists. Domestic and overseas bank cards should be accepted in all three-star and above tourist hotels, 5A-level …

China Payment Tourist Attractions Tourist Payment Services

8 months, 2 weeks ago

Ant Group simplifies payment experience for foreigners, elderly

China Daily

Ant Group plans to expand mobile payment methods and build more international consumer-friendly zones across major tourist hot spots and commercial cities in China, as part of a broader push by the financial technology company to simplify payment services for foreigners in the country. The company will improve payment services at locations most frequented by foreign visitors, including key transportation …

International China Services Mobile Foreigners Overseas Ant

8 months, 2 weeks ago

China specifies steps to improve payment services in tourist attractions

China Daily

Chinese authorities have specified a slew of measures to further enhance payment convenience in major tourist attractions across the country and cater to diversified payment demand from elderly citizens, foreigners and other tourists. Domestic and overseas bank cards should be accepted in all three-star and above tourist hotels, 5A-level and 4A-level national tourist attractions, national and provincial tourist resorts, and …

Payment Tourist Attractions Tourist Payment Services

8 months, 2 weeks ago

Ant Group simplifies payment experience for foreigners, elderly

China Daily

A foreign tourist pays via Alipay at a store in Beijing. Ant Group plans to expand mobile payment methods and build more international consumer-friendly zones across major tourist hot spots and commercial cities in China, as part of a broader push by the financial technology company to simplify payment services for foreigners in the country. The company will improve payment …

International China Mobile Foreigners Overseas Ant Payment Services

8 months, 2 weeks ago

China specifies steps to improve payment services in tourist attractions

China Daily

Chinese authorities have specified a slew of measures to further enhance payment convenience in major tourist attractions across the country and cater to diversified payment demand from elderly citizens, foreigners and other tourists. Domestic and overseas bank cards should be accepted in all three-star and above tourist hotels, 5A-level and 4A-level national tourist attractions, national and provincial tourist resorts, and …

Payment Tourist Attractions Tourist Payment Services

9 months ago

Officials: China set to pull in more FDI

China Daily

Tim Cook, CEO of Apple, shows up as Apple opens its eighth store in Shanghai on Thursday. GAO ERQIANG/CHINA DAILY China's vast market size and complete supply chain, combined with a series of policies focused on stabilizing the economy and enhancing openness, will further brighten conditions for attracting foreign investment, said government officials and heads of multinational corporations on Friday. …

China Chinese Billion Yuan Fdi

Govt examining foreign direct investment flow from China in Paytm Payments Services: Sources

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Centre examining FDI flow from China in Paytm Payments Services

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