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India’s Paytm Confirms Consumer Data Safe After Founder’s Personal Data Stolen

India's top digital payments company Paytm said on Tuesday (23) its consumer data was safe after police arrested three people, including the company's spokeswoman, over allegations that they tried to blackmail its founder and extort nearly $3 million by threatening to leak personal data.

"This is a case of personal data theft of Vijay Shekhar Sharma, where three arrests were made yesterday," the company said in a statement. "Paytm would like to reiterate that all our consumer data is protected with the highest & most impenetrable levels of security."


The company said it would not comment further, pending the police investigation.

Reuters

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Nykaa beauty demand

The retailer has expanded overseas operations to compete with global cosmetics giants.

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Nykaa profit jumps on strong beauty demand

Highlights

  • Quarterly profit surged to 344.4 m rupees from 100.4 m rupees year-on-year.
  • Revenue grew 25 per cent to 23.56 bn rupees on premium brand partnerships.
  • Company expands internationally with Kay Beauty launching in UK stores.
Indian beauty retailer Nykaa has posted a more than three-fold increase in quarterly profit, driven by steady demand for makeup and skincare products and strategic partnerships with global brands.

FSN E-Commerce Ventures, which operates the Nykaa platform, reported a profit of 344.4 million rupees (£3.9 m) for the quarter ended 30 September, up from 100.4 m rupees a year earlier.

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