Paytm and its associate entity Paytm Payments Bank have mutually agreed to discontinue various inter-company agreements in order to reduce dependencies. The shareholders of the bank have also agreed to simplify the shareholders’ agreement to support its governance, independent of its shareholders. This decision comes after Vijay Shekhar Sharma, the founder and CEO of Paytm, stepped down as the non-executive chairman of PPBL’s board.
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During the meeting between India’s External Affairs Minister, Jaishankar, and his Italian counterpart, Tajani, two agreements were signed on Mobility and Migration Partnership and Cultural Cooperation. The aim is to facilitate seamless movement of workers, students, and professionals between India and Italy. The meeting emphasized on strengthening the strategic partnership between the two countries.
