One97 Communication’s share price increased by 10 percent for the second consecutive session amid reports of founder Vijay Shekhar Sharma meeting Finance Minister Nirmala Sitharaman to discuss RBI’s restrictions.

The employees who joined the conference call were told to send $25.5 million in 15 transfers to five separate Hong Kong bank accounts.

The approval is granted for one year and will be withdrawn if HDFC Bank Group doesn’t acquire the stakes within that timeframe.

Vanguard, a major US investment firm, has lowered the fair value of Ola’s parent company, ANI Technologies, to $1.88 billion, down 29% from its previous value of $2.65 billion. Additionally, funds managed by Fidelity decreased the valuations of Meesho and Pine Labs, while Invesco raised Swiggy’s valuation by 9% to $8.5 billion.

The RBI has placed severe restrictions on Paytm Payments Bank, preventing it from accepting new deposits and credit transactions after February 29.

The National Stock Exchange and Bombay Stock Exchange announced a reduction in the daily limit on shares to 10% from the previous 20%.

Zee objected to Sony’s $90-million termination fee, labeling it as legally baseless and without justification.

Hyundai is considering diluting 15-20% to raise $3.3-5.6 billion (₹27,390 to ₹46,480 crore), potentially making it a larger IPO than LIC .

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Morgan Stanley, via its affiliate Morgan Stanley Asia (Singapore) Pte – ODI, acquired shares of Paytm’s parent company, One97 Communications, on the National Stock Exchange (NSE).