Paytm's transactions looks quite shady

I actually believe in a better India from the bottom of my heart where individuals who were not able to crack top tier colleges (IITS/IIMS/BITS) at a young age can still succeed in life on a comparable level, even when it comes to startup culture and raising funds. Everyone of us has seen their seniors struggle to raise funds just because they are not from prestigious colleges even when they have supplementary skill sets and I personally would like to break that mindset and would like to be PARTIAL towards products if they are built by NON-PRESTIGIOUS college alumni. I personally want to promote billions of dollars worth of businesses in India with alumni from every hardworking and smart working background and not just for the so called top colleges which only pushes unnecessary competition resulting in nothing but results equivalent to a lucky draw. I am biased because I believe indians need it to feel secure for starting their own venture one day and everyone should try with confidence that their product will speak more than the founder's name. Everyone deserves better

Can someone explain what just happened to PayTM and if other FinTechs could be subject to something similar?

VSS need to play some nationalism card to redeem from this situation.

What are the stocks you are betting on for next 3 to 5 years and why. Stocks less than 3 years since ipo? Or names you don't hear from big investors. Please do not add the blue chip stocks or brand stocks just for the sake of Commenting. Here are my bets: each of these stocks have >2 lakh investment amount (not final value) Inox india : cryogenic monopoly Suzlon : holding since 4 INR price Vasa denticity : online dental monopoly Ireda (got the ipo in hni category, haven't booked profit even at 400%+) Bls e services (booked 75% profits from ipo at 250%) Rate gain (data monopoly) Paytm (controversy max but still holding) sunk cost

The show cause notice now about misrepresentation of facts. Not sure if they really made so many mistakes, or are being stopped from becoming something for other reasons.

PAYTM Payments Bank essentially asked to shut shop. Afaik here are the few implications 1. Stock market will react in a bad way to them 2. Worst affected are going to be FasTag users who bought from PayTM. 3. No deposits / credits allowed in any account. Withdrawal is allowed. 4. UPI not allowed after Feb

Paytm is becoming the Enron of India with so many allegations of fraud and compliance issues.

- One 97 Communications, Paytm's parent company, received an administrative warning from SEBI on July 15. - The warning pertains to related-party transactions with Paytm Payments Bank for FY22, lacking audit committee or shareholder approval. - SEBI noted non-compliances, highlighting transactions exceeding approved limits by Rs 360 crore. - Paytm asserts compliance with SEBI Listing Regulations but SEBI warns of future enforcement actions for non-compliance. - Earlier this year, RBI imposed business restrictions on Paytm Payments Bank, affecting its core operations. Source: Moneycontrol, The Arc

Will Vijay Shekhar Sharma be able to revive the company in next 6 months or Paytm will lose its existence among upi customers ???