New Delhi: Digital payments company Paytm has appointed ex-Goldman executive Amit Nayyar as president, financial services business. Reporting to Vijay Shekhar Sharma, founder and CEO of Paytm, Nayyar will lead the company’s efforts to further its footprint in lending, insurance, wealth management and broking businesses, the company said in a statement. “As we focusRead More →

A house for sale in Seattle. Mortgage rates stayed steady, according to data released on Thursday, as the Federal Reserve considers further interest-rate cuts after its first reduction in a decade on Wednesday. Freddie Mac said the 30-year fixed-rate mortgage averaged 3.75% in the week ending Aug. 1, which isRead More →

More trouble for Reliance ADAG (Anil Dhirubhai Ambani Group) as PwC (PricewaterhouseCoopers) resigned as one of the statutory auditors of two of its companies- Reliance Capital and Reliance Home Finance. According to a Reliance Capital stock filing, PwC said that it did not receive a satisfactory response to certain observationsRead More →

With only eight days left in their trade truce, top US and Chinese officials on Thursday returned to the daunting task of bridging a chasm between the world’s two largest economies. US President Donald Trump has repeatedly claimed the talks with Beijing are going “very well,” but concrete signs ofRead More →