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Deltin joins ‘Amazing Goa Global Business Summit 2024’ as exclusive entertainment partner
Mumbai – Deltin announced its association as the official entertainment partner for the Amazing Goa Global Business Summit 2024 – Gateway to Global Opportunities, an event hosted by Vibrant Goa Foundation in association with Goa Government. The event, considered as Goa’s largest expo and summit, will take place from 8-10 November at the Dr. Shyama Prasad Mukherjee indoor stadium and promises an engaging platform for global business leaders, entrepreneurs, industry professionals, and culture enthusiasts from diverse sectors to network, learn, and get entertained.
The summit will feature exhibitions, speeches, international business activities, panel discussions, workshops, seminars, cultural programs, and networking sessions, with a special emphasis on fostering export initiatives. The summit will further address the evolving needs of Goa’s hospitality, tourism, education, healthcare and technology sectors, exploring strategies for growth, innovation, and excellence in service delivery. Attendees will have the chance to connect with global entrepreneurs, learn about emerging market trends, and explore prospects in multiple sectors.
Deltin has been an integral part of Goa’s rich tourism and hospitality landscape for more than a decade and as the exclusive entertainment partner, will give the attendees an opportunity to enjoy the vibrant experience that Deltin is known for, featuring captivating entertainment that embody the dynamic culture of Goa and India. Deltin is proud to extend its support to this noble endeavour of the Vibrant Goa Foundation for the holistic growth and development of Goa. Mr. Vinay Verma, Founder Trustee and Chairman of Amazing Goa and Mr. Arman Bankley, Founder Trustee and President of the Vibrant Goa foundation have wholeheartedly welcomed ‘Deltin’ in this committed collaboration.
Be it music or dance or a memorable night filled with thrills, Deltin guarantees an unforgettable experience, bringing a touch of luxury and excitement to the Summit. Commenting on the partnership, Delta Corp Ltd COO Manoj Jain said, “We are thrilled to partner with the Amazing Goa Global Business Summit 2024, a prestigious platform that showcases Goa’s growth as a dynamic global business hub. As the exclusive entertainment partner, we are excited to bring our unique blend of world-class hospitality and entertainment to the summit. This partnership aligns perfectly with our mission to support Goa’s evolving business landscape, and we look forward to adding to the summit’s success.”
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.
