The Delhi High Court has issued a formal order for the winding up of Paytm Payments Bank, marking a definitive end to the banking unit's operations. This judicial intervention follows the Reserve Bank of India (RBI) revoking the bank’s license earlier this year due to persistent non-compliance and material supervisory concerns. The court has appointed an official liquidator to oversee the dissolution process, stating that the bank's affairs were managed in a way that harmed the interests of its depositors.
The RBI had previously highlighted systemic issues within the bank, including failures in KYC (Know Your Customer) protocols and data security. The Delhi High Court noted that the liquidation was necessary to protect the financial ecosystem from further risks associated with the entity's regulatory violations. This move effectively closes the chapter on what was once one of India's most prominent fintech banking experiments.
- Paytm Payments Bank Liquidation — Delhi High Court appoints liquidator after RBI license revocation.
- HUL Shares Drop 7% — Profit falls to ₹2,673 crore amid rising commodity costs and margin pressure.
- Air India Turnaround — Tata Sons extends recovery timeline to 10 years due to supply chain issues.
- Meta Apology — Tech giant admits to glitch that removed PM Modi's video from Facebook.
In the consumer goods sector, Hindustan Unilever (HUL) reported a 3% decline in its first-quarter net profit, which fell to ₹2,673 crore. Despite achieving its strongest sales growth in over three years, the company struggled with high input costs that eroded its margins. This financial performance led to a sharp sell-off on the stock market, with HUL shares tumbling nearly 7% as investors expressed concern over future profitability.
The broader Indian stock market reflected this volatility on July 29, 2026. The SENSEX ended the day at 76,765.92, down by 69.86 points, while the NIFTY closed at 23,985.35, registering a loss of 10.60 points. Commodity markets also saw significant movement, with Gold prices dropping to ₹141,547.00 and Silver falling to ₹215,826.00, reflecting a shift in global investor sentiment.
Tata Sons Chairman N. Chandrasekaran provided a candid update on the status of Air India, stating that the airline's turnaround could take up to a decade. This is a significant extension from the original five-year plan. Chandrasekaran pointed toward global supply-chain disruptions and the massive scale of fleet modernization as primary reasons for the delay. He emphasized that building a world-class airline from the ground up requires more time than initially anticipated.
On the technology front, Meta issued a public apology regarding a technical error that caused the temporary removal of a video featuring Prime Minister Narendra Modi. The Government of India has summoned Meta’s global public policy head to explain the incident. A parliamentary panel is also scheduled to meet with various social media companies to discuss platform regulation, privacy concerns, and the maintenance of public order.
The HUL earnings report highlighted a growing trend in the Indian market where volume growth is being offset by the rising cost of raw materials. While the company remains focused on its premium product portfolio, the 7% share price drop indicates that the market is wary of inflation's impact on the FMCG sector. Analysts suggest that companies will need to balance price hikes with consumer demand to maintain their market share in 2026.
As the liquidation of Paytm Payments Bank begins, the focus shifts to how the One97 Communications parent company will restructure its remaining services. The Delhi High Court order ensures that the process will be transparent, though it serves as a reminder of the RBI’s uncompromising stance on banking regulations. The corporate landscape continues to evolve as major players like Air India and HUL navigate their respective long-term challenges.
