Brokerage firm Macquaire Research has written a note to its clients that PayTM's business model lacks 'focus and direction' and initiated coverage with an 'underperform rating'.
In May this year, a group of Indian workers in US had filed a lawsuit alleging human trafficking and forced labour and had claimed they were confined and forced to work for as low as USD 1 on construction of the Swaminarayan temple in New Jersey's Robbinsville.