MAM
Vi Business hosts 13th edition of corporate golf tournament Vi TeeWalk 2024
Mumbai: Vi Business, the enterprise arm of the leading telecom operator Vi, is back with the 13th edition of its multi-city corporate golf tournament – Vi TeeWalk 2024. Themed around partnerships leading to #RoadToVictory, Vi TeeWalk 2024 held its first city chapter for this year at the Prestige Golf Shire, Bengaluru with more than 70 senior corporate leaders from the city participating in the tournament.
Vi TeeWalk 2024- Bengaluru chapter was played in Texas Scramble format with each team consisting of four players.
- Winner: Team comprising of Arindam Chatterjee, Srinivas K, Harishwar Reddy and Rajesh Rao bagged the first position.
- First runner up: Team of Rajeev Ahluwalia, Jatinder Salwan, Nilanjan Roy and Atul Ujagar
- Second runner up: Team of Ravindra Takkar, Varun Berry, Pradeep Kar and Kazo Nishimura finished as the second runner-up.
The annual golfing event Vi TeeWalk 2024 that marries the enduring sport of golf with seamless networking opportunities both on and off the course, is set to bring together another 150 plus top CXOs from multiple industries for the upcoming Mumbai & Delhi editions.
Introducing a new feature in this year’s edition, the participants of Vi TeeWalk 2024 in each city will get a chance to play and engage with a professional golfer.
As part of the programme, participants of the Bengaluru edition got an opportunity to play with the professional golfer Riddhima Dilawari, a 13 time winner on the Women’s Professional Golf Tour of India. The Sunshine Ladies Tour member will also be in Mumbai while the Delhi leg participants will get an opportunity to play with Neha Tripathi, a 19 time winner on the Women’s Professional Golf Tour of India and finished second on the Order of Merit for 2023 season.
Commenting on the 13th edition of Vi TeeWalk 2024, Vodafone Idea Ltd chief enterprise business officer Arvind Nevatia said “Over the years, Vi TeeWalk has earned a reputation as one of the most anticipated events in the corporate calendar, providing a dynamic forum for industry leaders to connect and engage. Vi TeeWalk 2024 is more than just a golf tournament; it is a testament to our commitment to building enduring relationships with our enterprise customers. Keeping it in line with the theme for the year #RoadToVictory, Vi TeeWalk 2024 aims to create a platform that brings different stakeholders at one platform for meaningful interactions, networking, and collaboration. We look forward to an exciting tournament that exemplifies the spirit of Vi Business.”
Vi TeeWalk 2024 is more than just a golf tournament; it is an initiative aimed at strategically engaging with the CXOs. Golf is a popular sport, particularly followed by CXOs. According to reports, at least 90 percent of Fortune 500 CEOs play golf, with 80 percent of them stating that it helps establish new business relationships. Vi TeeWalk 2024 promises an unparalleled experience for participants, combining competitive golf with business advancement opportunities. The tournament underscores Vi Business’s dedication to meaningfully engaging with its enterprise customers in a relaxed and sporting environment, creating innumerable opportunities for strategic collaborations.
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.
