MAM
Tim Hortons x Biscoff to offer exclusive Valentine’s delights
Mumbai: Tim Hortons India is set to elevate Valentine’s Day celebrations with an exciting collaboration, marking Biscoff’s first-ever co-branded venture in the Indian market. This partnership brings together the distinct flavour of Tim Hortons and the irresistible charm of Lotus Biscoff, offering a unique experience for coffee and dessert enthusiasts.
The limited-time menu includes Biscoff Hot Milk, Biscoff Cold Coffee, Biscoff Tims Shake, Biscoff Cheesecake, and the decadent Biscoff Donut.
The prices for our indulgent Biscoff-infused offerings:
Biscoff Milk (Hot): Small (S) – 350, Medium (M) – 400, Large (L) – 450
Lotus Biscoff Cold Coffee: Small (S) – 420, Medium (M) – 470, Large (L) – 520
Lotus Biscoff Tim Shake: Small (S) – 420, Medium (M) – 470, Large (L) – 520
Lotus Donut: 189
Each item is meticulously crafted to encapsulate the caramel essence and opulent taste that defines the Biscoff brand. This sweet addition is our way of expressing gratitude to our valued customers during this special period.
This limited-time affair starting from Rs 189 onwards runs from 5 to 20 February, offering a sweet escape into the world of love and flavor.
Tim Hortons invites you to celebrate this special day with an extraordinary array of premium offerings for a sweet Valentine’s experience.
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.
