Paytm Gains RBI Approval, Stock Surges

Paytm, a big company that helps people pay for things online, just got a special permission from the Reserve Bank of India.

This permission, called a COA, lets Paytm keep helping people pay for things on the internet.

Before this, Paytm wasn't allowed to add new shops or businesses to its payment system, but now it can.

This is great news for Paytm because it means they can grow their business and help more people pay for things easily.

Because of this good news, the price of Paytm's stock went up by 3.4%.

A big finance company called Goldman Sachs thinks Paytm's stock will keep going up and set a new target price for it.

Paytm's stock has been doing much better lately, going up 327% from its lowest point.