Top Headlines: Paytm president quits; commodity inflation bites hard

IPO-bound Paytm’s president Amit Nayyar has quit the company, two people close to the development said. Some others exited the Vijay Shekhar Sharma-led fintech company recently. Even as the government has notified rules to relinquish the position of Chairman at Life Insurance Corporation of India (LIC), M R Kumar would continue serving the post until he completes his term, said a government official. Business Standard brings to you the top headlines on Saturday.

Paytm president Amit Nayyar, other top executives quit ahead of IPO

IPO-bound Paytm’s president Amit Nayyar has quit the company, two people close to the development said.