MAM
Winners of Nach Baliye season 7 take home Honda Jazz
MUMBAI: Honda Cars India presented the keys of the All-new Honda Jazz to the Grand-Finale winners of the popular dance reality show Nach Baliye season 7 which was aired on Star Plus. The car was handed over to the winners Amruta Khanvilkar & Himmanshoo Ashok Malhotra at a glittering ceremony at Solitaire Honda in Andheri. The handing over ceremony was attended by Ashish Kaul, Zonal Head West, Honda Cars India and Krishna Kachalia of Solitaire Honda.
Speaking on the occasion, Honda Cars India sales & marketing senior vice president Janneswar Sen said, “We would like to congratulate the winners of Nach Baliye season 7 and thank Star Plus for associating with Honda Cars India. The show has been extremely popular among the younger audience who is also our primary target audience for the all new Jazz. The new generation Jazz is packed with futuristic and aspirational styling which resonates well with the viewers of the programme and hence it was great to be associated with one of India’s most popular dance reality show.”
The All-New Jazz is developed as the World’s Best Functional Compact Hatchback which offers Dynamic styling, Outstanding Package, Class-leading Fuel Economy, Advanced Technology & Equipment and Versatile Utility. The Jazz appeals to customer from diverse profiles who are young, dynamic, early achievers and want everything in life. They seek comfort, driving pleasure, features and a hassle-free drive. The Honda Jazz is like nothing else and fulfils all these needs.
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.
