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India's Paytm shuts offices after employee tests positive for coronavirus

INDIA’s leading digital payment platform Paytm on Wednesday (4) decided to shut its offices in Gurugram and Noida for at least two days after one of its employees, who had recently travelled to Italy, was tested positive with COVID-19.

“One of our colleagues based out of Gurugram office, who recently returned from Italy post a vacation, has now been tested positive for Coronavirus. He is receiving appropriate treatment and we are extending complete support to his family,” a statement said.


“As a precautionary measure, we have suggested his team members to get health tests done immediately,” it added.

The company said it has advised all employees to work from home for a couple of days while the offices are sanitised.

With Paytm, Nearbuy, Wipro, TCS and HCL announcing action plan to safeguard their employees.

Hyper-local online platform Nearbuy has decided to close its Gurugram office for at least 14 days as a precautionary measure.

The company has asked its employees to work from home during the period and also keep a proper check on their health.

Global software giant Wipro on Wednesday announced that it has suspended employee travel to coronavirus-stricken China, Hong Kong and Macau.

Tata Consultancy Services (TCS) also claimed that it was working closely with all relevant global and regional and local health institutions to tackle COVID-19 outbreak.

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FCA

The FCA found both acted recklessly and were knowingly concerned in breaches by Carillion of the Market Abuse Regulation and the Listing Rules.

(Photo: Reuters) Reuters

FCA fines former Carillion finance directors £371,700 for market abuse

Highlights

  • Richard Adam fined £232,800 and Zafar Khan fined £138,900 for reckless conduct.
  • Pair aware of financial problems but failed to inform Board, audit committee or market.
  • Fines follow withdrawal of challenges after FCA found Market Abuse Regulation breaches.

The Financial Conduct Authority has fined two former finance directors of collapsed construction giant Carillion a total of £371,700 for their roles in issuing misleading market statements.

Richard Adam and Zafar Khan were both aware of serious financial troubles in Carillion's UK construction business but failed to reflect this in company announcements or alert the Board and audit committee, the regulator found.

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