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22 Aug

Paytm share price increase over 5%, Zomato shares rise 2% on ticketing business deal

Priyanka RoyBusiness, latest

Paytm share price surged over 5% after the fintech giant announced the sale of its entertainment and ticketing business to food delivery app Zomato for ₹2,048 crore. Paytm shares rose 5.47% to ₹604.45 on BSE, while Zomato shares also rose 2.71% to ₹267.00.Fintech giant Paytm's parent company, One97 Communications, entered into a definitive agreement for the sale of its entertainment ticketing business, which includes movies, sports and event ticketing, to Zomato for ₹2,048 crore.Paytm's movie and event tickets will remain available on its app during the transition period for the next 12 months. After that, users will be redirected to…

21 Aug

Due to investor enthusiasm, Ola Electric shares upsurge by 90%, market cap crossed $ 7 billion

Priyanka RoyBusiness, latest

Ola Electric Mobility Ltd. has seen its shares surge nearly 90% within two weeks, taking the company's market capitalization to more than $7 billion. Bloomberg reported that this rapid growth vindicated founder Bhavish Aggarwal's decision to take the company public, despite initial doubts about its valuation.The company's initial public offering (IPO), the largest in India in the last two years, attracted wide interest from investors. The surge in the share price has allowed Aggarwal to reach his target valuation earlier than anticipated, driven by strong demand in India's thriving IPO market. Ola Electric, India's largest e-scooter maker, had gone ahead…

20 Aug

Block deal: Zomato shares decrease 2% amid high turnover; ANTFIN POTENTIAL SELLER

Priyanka RoyBusiness, latest

Zomato shares fell 1.98 percent to an intraday low of Rs 257.10 on BSE, with the counter logging volume of 19.86 crore shares - 44.5 times its two-week average volume; And turnover was Rs 5,115.21 crore.Shares of Zomato Ltd decrease nearly 1 percent in Tuesday trade amid high turnover as China's Antfin Singapore Holdings sold 1.54 percent stake in the food delivery platform through a block deal. Zomato stock fell 1.98 percent to an intraday low of Rs 257.10 on BSE, with the counter logging volume of 19.86 crore shares - 44.5 times the two-week average volume; And turnover was…

20 Aug

Illegal immigrants caught with Aadhaar card in Assam

Sonakshi Sarkarlatest

On the night of August 19, Assam Police apprehended three Bangladeshi nationals who had illegally entered India through Tripura. The detained individuals, hailing from Rajshahi district in Bangladesh, were identified as MD Abu Shaid, Asadul Islam, and MD Sarwar. One of the apprehended men was found in possession of an Aadhaar card, raising concerns about the misuse of India's biometric identification system. Aadhaar is intended for legal residents, and its presence among the detained individuals suggests potential issues with preventing repeat illegal entries. Assam Chief Minister Himanta Biswa Sarma addressed the incident via social media, confirming the arrests and noting…

19 Aug

Droupadi Murmu emphasizes the safety of women by wishing Raksha Bandhan

Banasree SarkarlatestPresident Droupadi Murmu

As India comes together to celebrate cherished festival of Raksha Bandhan President Droupadi Murmu and other national leaders extended heartfelt wishes to the people. They underscored the festival’s deep-rooted significance in Indian culture. President Murmu praised Raksha Bandhan as a celebration of the bond between siblings, expressing her heartfelt greetings and best wishes to all countrymen, emphasizing the festival's love, mutual trust, and affection towards all sisters and daughters. The President urged citizens to pledge safety and dignity for women on festival day, emphasizing the importance of collective responsibility in fostering a safe environment. Prime Minister Narendra Modi too, took…

17 Aug

The NCW inquiry committee found serious problems with RG Kar medical facilities

Banasree SarkarlatestNational Commission of Women

The National Commission of Women (NCW) inquiry committee found serious issues with the police investigation and the security and facilities at the government-run RG Kar Medical College and Hospital in Kolkata, where a trainee doctor was tragically raped and murdered. The committee's initial findings pointed out significant shortcomings in the Kolkata Police's investigation. The report noted that the former principal of the hospital, who resigned after widespread protests, has not been thoroughly questioned by the police. The former Principal, who had resigned following the incident, had not yet been fully questioned, according to the two-member panel's findings. They demanded that…

17 Aug

Gold decrease by Rs 400; Silver rises by Rs 800

Priyanka RoyBusiness, latest

According to the All India Bullion Association, the price of gold in the national capital fell by Rs 400 to Rs 72,750 per 10 grams on Friday.In the previous session, the precious metal had closed at Rs 73,150 per 10 grams.Commodity markets were closed on Thursday on the occasion of Independence Day. Silver prices rose by Rs 800 to Rs 84,000 per kg, from Rs 83,200 per kg at the previous close.Meanwhile, gold of 99.5 percent purity fell by Rs 400 to Rs 72,400 per 10 grams. In the last session it had closed at Rs 72,800 per 10 grams.On…

16 Aug

State Bank of India inflation MCLR by 10 bps for all tenors

Priyanka RoyBusiness, latest

State Bank of India (SBI) has increased the marginal cost of lending rate (MCLR) by 10 basis points (bps), effective from today. The MCLR hike by SBI comes days after the Reserve Bank of India (RBI) left the repo rate unchanged at 6.5 percent. Overnight and one month MCLR have been increased to 8.2 percent and 8.45 percent respectively. The revised rate for six-month MCLR is 8.85 percent, which was earlier 8.75 percent. The bank will charge MCLR of 8.95 percent on one year loan. The revised MCLR on loans with tenures of two years and three years is 9.05…

14 Aug

HAL Q1 results: Net profit upgrade 77% to Rs 1,437 crore

Priyanka RoyBusiness, latest

Hindustan Aeronautics Limited (HAL) on August 14 reported that its Q1FY25 consolidated net profit rose 77 per cent year-on-year to Rs 1,437 crore from Rs 814 crore in the same period last year. The PSU defense major's consolidated revenue from operations in the April-June quarter rose 11 per cent to Rs 4,348 crore from Rs 3,915 crore a year ago.Total income in the quarter under review increased by almost 18 percent to Rs 5,083 crore. In the year-ago period it was reported to be Rs 4325 crore. There was a slight increase in the company's expenses in the June quarter…

13 Aug

Body of local BJP leader found in Charaideo, suspected murder

Banasree SarkarAssam, latestCharaideo

Tragically, on Tuesday, Kartik Orang, a well-known BJP leader and former student activist, was discovered dead close to the Bajijan River in Charaideo, Assam. Orang, the president of the Borhat Sah Morcha, a branch of the BJP, was reported missing the day before. On Monday, his relatives reported him missing. This sparked a hunt that resulted in the sad finding of his body. According to local reports, the deceased's body bore clear indications of injuries. This gives rise to suspicions of suspected foul play. The family of Orang has expressed suspicions that this might be a murder case. Local police…