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Vijay Shekhar Sharma steps down as Paytm Payments Bank Chairman

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Vijay Shekhar Sharma steps down as Paytm Payments Bank Chairman

New Delhi, Feb 26 (IANS) Financial services company Paytm announced on Monday that Vijay Shekhar Sharma has resigned as the Non-Executive Chairman and Board Member of Paytm Payments Bank Ltd (PPBL). The company reconstituted the Board with new members due to Central Bank of India’s former Chairman Srinivasan Sridhar replacing Sharma.

The PPBL’s new Board members include retired IAS officers Debendranath Sarangi and Rajni Sekhri Sibal, along with Bank of Baroda’s former Executive Director Ashok Kumar Garg. Paytm stated, “OCL withdraws its nominee from the Paytm Payments Bank Board and Vijay Shekhar Sharma steps down as Part-Time non-executive Chairman and Board member,” in a BSE filing.

With the RBI ban on PPBL’s operations starting from March 15, the future business operations of the bank will be governed by the reconstituted Board of One 97 Communications Ltd (OCL). The restructuring of the Board aims to ensure smooth operations and compliance with regulatory requirements in the future.

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IANS, established in 1986, is India's largest independent news service, offering 24x7 news from India and South Asia, and a preferred source for diverse content across six business verticals.

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Haier introduces a new TV series in India with four different sizes

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Haier launches new TV series in four sizes in India

New Delhi, April 16 (IANS) Home appliances and consumer electronics brand Haier introduced its latest Smart QLED Series ‘S800QT’ in India, available in 75-inch, 65-inch, 55-inch, and 43-inch sizes. Priced starting at Rs 38,990, the series aims to provide an immersive home entertainment experience to consumers.

Haier India President NS Satish stated, “Catering to consumers who seek uncompromised visual brilliance and an immersive cinematic haven in their own homes, Haier India aims to meet the evolving needs and preferences of consumers, offering them an unparalleled home entertainment solution.”

The new range features DLG technology for ultra-smooth motion reproduction and reduced motion blur during fast-paced action sequences, ensuring an immersive viewing experience. Additionally, the TV series automatically adjusts its refresh rate up to 120Hz based on the content being viewed.

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With seamless integration with Google, the Smart QLED Series provides access to a wide range of apps, content, and streaming services, offering a faster and smoother user interface while delivering clarity in every frame. The series also allows TV control through hands-free voice commands for easy adjustment of settings, channel switching, content search, and other tasks.

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GPS Renewables secures $50 mn in funding from private and public sector banks

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Biofuels firm GPS Renewables raises $50 mn from private, public sector banks

In a recent development, GPS Renewables, a full-stack biofuels company, has secured $50 million in debt financing from various private and public sector banks and NBFCs. Participating institutions include Punjab National Bank, HDFC, Yes Bank, and others.

Chief Finance Controller, Tilak Minocha stated, “To further accelerate our efforts, we not only need financial backing but also strategic industry collaborations. The funding will allow us to promote India’s transition to sustainable green energy.”

This financing round comes after GPS Renewables previously raised $20 million in equity funding. The company has seen significant growth, crossing a turnover of $60 million in FY 2023-24 and expanding full-time employee strength from 72 to over 500.

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Furthermore, GPS Renewables recently acquired Germany-based Proweps Envirotech GmbH, specializing in technologies for biogas production from organic waste. Founded by Mainak Chakraborty and Sreekrishna Sankar, GPS Renewables provides holistic solutions for biofuels development and distribution.

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Mahindra introduces the new Bolero Neo+ with seating for nine, prices starting at Rs 11.39 lakh

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Mahindra unveils new nine-seater Bolero Neo+ starting at Rs 11.39 lakh

Mahindra & Mahindra Launches 9-Seater Bolero Neo+ Starting at Rs 11.39 Lakh

New Delhi, April 16 (IANS) – Mahindra & Mahindra unveiled the 9-seater ‘Bolero Neo+’ in two variants, the P4 and P10, with prices starting at Rs 11.39 lakh (ex-showroom). The P4 serves as the entry-level option, while the P10 is a more premium trim, offering durability, advanced features, and superior comfort.

Nalinikanth Gollagunta, CEO – Automotive Sector, Mahindra & Mahindra, stated, “With the launch of the Bolero Neo+, we are offering a promise of durability, advanced features, and superior comfort that enriches the driving experience for every family and fleet owner alike.” The new vehicle features signature Bolero elements like X-shaped bumpers, a front grille with chrome inserts, and an X-shaped spare wheel cover, along with side body cladding.

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Powered by a 2.2-litre mHawk diesel engine with Micro-Hybrid Technology for fuel efficiency and performance, the Bolero Neo+ also comes equipped with advanced safety features such as ABS, dual airbags, child seats, engine immobiliser, and automatic door locks. The SUV boasts a 22.8 cm touchscreen infotainment system with Bluetooth, USB, and Aux connectivity, along with front and rear power windows, armrests, and generous boot space for comfort and practicality.

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