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India Supplanted China In MSCI Emerging Markets Investible Markets Index(IMI) Readjusting Highest Capture

In a momentous MSCI repositioning, India has supplanted China in the MSCI EM Investable Market Index (IMI) on 4th September. This pivotal alignment positions India as the largest weight in the index, validating its rising credentials in global financial markets. India is also on the precipice to outweigh China in the broader MSCI Emerging Markets Index, signaling the growing allure of its domestic capital market.

Paytm secures approval from finance ministry to fund payment subsidiary PPSL

Paytm's subsidiary, Paytm Payments Services Ltd (PPSL), has secured approval from the Ministry of Finance for investment from the parent company , a crucial step towards obtaining a payment aggregator (PA) license. In a stock exchange filing, One97 Communications Ltd (OCL), the parent company of Paytm, announced that PPSL received the approval on August 27, 2024. This move allows PPSL to proceed with its application