MAM
Colors Gujarati to launch a dance reality show ‘Naach Maari Saathe’
MUMBAI: Colors Gujarati is all set to bring a dance show named Naach Maari Saathe. The show which will hit the small screen from 23 July will have Hitu Kanodia, Vyoma Nandi and Neerav Bavlecha as the judges. Naach Maari Saathe will be hosted by anchors Revanta Sarabhai and Riddhi Dave. Produced by Blue Orchid Entertainment Pvt Ltd, the episodes will be themed around Gujarat with its rich culture and dance forms. This marquee show will air every Monday-Tuesday at 9.30 pm.
“At Colors Gujarati, we strive to create content that resonates with the viewers. The Gujarati community holds a natural inclination to dance and its multiple forms; their love for this art is seen in their rich culture and heritage. Therefore, with Naach Maari Saathe we decided to bring them a unique platform that gives young talent a once in a lifetime opportunity to showcase their passion for dance. With Hitu, Vyoma and Neerav agreeing to be a part of the judges’ trio – the energy on the show has been magnificent. With efforts like this, we hope to continue changing the entertainment landscape in the region,” said Viacom18 Motion Pictures Marathi, Colors Marathi and Colors Gujarati, business head Nikhil Sane.
Hitu Kanodia is all set to debut as a judge on television with Naach Maari Saathe. The show has auditioned dancers from chosen cities across the state in the age group of 15 to 35 years. The unique format will witness a battle between four mentors, each of whom will groom six dancers from different cities of Gujarat. The best dancer of the lot wins the ultimate title of being Naach Maari Saathe’s coveted winner.
Brands
Reserve Bank of India cancels Paytm Payments Bank licence
Central bank cites compliance failures; curbs tighten as wind-up looms
MUMBAI: India’s banking watchdog delivered its sharpest blow yet to Paytm Payments Bank, cancelling its licence and effectively ending its ability to operate as a bank under the law.
The Reserve Bank of India said the entity can no longer conduct banking business under the Banking Regulation Act, citing concerns that its affairs were not being run in the interest of depositors or the public and that it had failed to meet licence conditions.
The move escalates a crackdown that has been building for months. The bank had already been barred from onboarding new customers since March 11, 2022, and later faced restrictions on deposits, credit and wallet top-ups. In January 2024, the central bank ordered it to stop accepting fresh deposits, pointing to persistent non-compliance, including lapses in customer due diligence, use of funds and technology systems.
Operationally, the bank is now on a tight leash. It may process withdrawals of existing deposits and facilitate loan referrals through banking correspondents, but it cannot take fresh deposits.
The central bank said it would apply to the high court to wind up the bank.
Paytm sought to ringfence the fallout. In a regulatory filing, it said the licence cancellation applies to Paytm Payments Bank Limited, a separate entity, and should not be attributed to One 97 Communications. It added that there is no exposure or material business arrangement with the bank and that it operates independently, without Paytm’s board or management involvement.
“As informed earlier, Paytm (One 97 Communications Limited) and its services, which have been operating without interruption, will continue to operate uninterrupted. These include the Paytm app, Paytm UPI, Paytm Gold and all other services offered by its subsidiaries and associated companies,” the company said.
The distinction may reassure users of the app ecosystem, but the regulator’s verdict is unequivocal. After years of warnings, caps and curbs, the payments bank experiment at Paytm is being shut down—decisively, and with little room left to manoeuvre.
