Business

Vijay Shekhar Sharma to buy 10.3% stake in Paytm from Ant Financial
07 Aug

Vijay Shekhar Sharma to buy 10.3% stake in Paytm from Ant Financial

Priyanka BhowmickBusiness, India,
Paytm's top boss Vijay Shekhar Sharma has struck a deal with Ant Financial to buy its 10.30% stake in One97 Communications. After the transaction, Ant will cease to be the fintech payment platform's largest shareholder. Sharma, who is the founder and CEO of One97 Communications, will purchase 10.30% stake in Paytm from Antfin (Netherlands) Holding BV through its 100% owned foreign entity - Resilient Asset Management BV, the company said on Monday. Under the agreement, the OCD will be issued by Resilient Asset Management BV in consideration of the transfer to Antfin and to maintain economic value, the filing states.…
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Three jawans injured in encounter with terrorists in Kulgam
05 Aug

Three jawans injured in encounter with terrorists in Kulgam

Priyanka BhowmickBusiness, India,
Three Army personnel lost their lives tragically after they were injured during an encounter with terrorists in Jammu and Kashmir's Kulgam district on Friday, officials said. "Three injured jawans succumbed to their injuries. Search operations are still on," an official army statement said. Before their unfortunate deaths, the jawans were undergoing treatment at a hospital, the Jammu and Kashmir Police said on the same day. On Friday, officials said the clash took place on the upper boundary of the Halan forest area in the Kulgam district."Both army and Kulgam police are actively conducting operations. Three jawans were injured and were…
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Mamaearth collaborates with Snapchat 
05 Aug

Mamaearth collaborates with Snapchat 

Priyanka BhowmickBusiness, India,
Beauty and personal care brand MamaArth announced a collaboration with Snapchat to promote an innovative AR lens in celebration of Lipstick Day on Friday, July 29. Leveraging Snapchat's augmented reality offerings, the campaign launched an AR try-on lens, creating an immersive beauty playground for Snapchat users. With this lens, Snapchat users can virtually try out Mamaarth's wide range of lipstick shades from their collection. "We are thrilled to collaborate with Snapchat, as the platform's Gen Z and millennial-focused users perfectly align with our target audience. The primary objective of this campaign is to provide viewers with a memorable and engaging…
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Google Doodle pays stylish tribute to Altina Schinasi on her 116th birthday
04 Aug

Google Doodle pays stylish tribute to Altina Schinasi on her 116th birthday

Priyanka BhowmickBusiness, India,
The Google search engine is celebrating the life of Altine 'Tina' Shinasi, the American designer best known for designing the popular 'cat-eye' eyeglass frames, with her August 4 doodle to mark her 116th birthday. She was famous for her impressive work in textiles, ceramics and jewelry. Notably, Schinasi is credited with designing the iconic Harlequin Cat-Eye glasses in the 1940s. Inspired by Venetian masked masks, these glasses feature large, nut-shaped frames with inverted tips and have become symbols of glamour and sophistication. Schinasi's artwork was characterized by dark colors, geometric patterns, and abstract forms. She had an extraordinary ability to…
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Japan asks X to take down fake account 
04 Aug

Japan asks X to take down fake account 

Priyanka BhowmickBusiness, International,
Japan's Finance Ministry (MOF) on Thursday warned of a fake account for its top currency diplomat Masato Kanda on Social Media X, formerly known as Twitter, as markets fear currency interference within a month low of the yen. In a rare English-language post on X, the ministry said "Please do not follow impersonated accounts and/or comment on posts", saying such an X account did not allegedly belong to Kanda or his staff. "The MOF is currently requesting that X (formerly Twitter) suspend the impersonated account. Thank you for your cooperation", it said on its official account. The account, named "Masato…
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Lavna Locks announces Urvashi Rautela and Dayanand Shetty as brand ambassadors
03 Aug

Lavna Locks announces Urvashi Rautela and Dayanand Shetty as brand ambassadors

Priyanka BhowmickBusiness, India,
Lavna Locks, India's smart door lock provider has announced its association with Bollywood actor and model Urvashi Rautela and actor Dayanand Shetty as their brand ambassadors. According to the company, this partnership marks a significant step forward in Lavner's mission to provide innovative, secure and convenient smart lock solutions for households and commercial spaces across India. According to the company, the appointment of Urvashi Rautela and Dayanand Shetty as brand ambassadors complements Lavner's vision, aligning with the company's drive to fuse security with technology, simplifying the lives of their valued customers. Renowned for their affinity for modern technology and smart…
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Ambuja Cements requires Sanghi Industries at Rs 5,000 cr
03 Aug

Ambuja Cements requires Sanghi Industries at Rs 5,000 cr

Priyanka BhowmickBusiness, India,
Ambuja Cements, the cement and building materials arm of the Adani Group, has announced the acquisition of Sanghi Industries (SIL) for an enterprise value of Rs 5,000 crore. Ambuja Cements will acquire 56.74 per cent stake in Sanghi Industries from subsequent promoter group Ravi Sanghi and family. The acquisition will be financed entirely through internal revenue, the company said in a release. Commenting on the acquisition of Ambuja's Sanghi Industries, Adani Group Chairman Gautam Adani said the acquisition is aimed at expanding Ambuja's market presence and strengthening its product portfolio. Adani also noted that the Adani Group is on track…
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India reports 36 fresh COVID-19 cases
02 Aug

India reports 36 fresh COVID-19 cases

Priyanka BhowmickBusiness, India,
India has logged 36 new Covid-19 cases in the last 24 hours, Union Health Ministry data said on Tuesday. The active caseload currently stands at 1,474. The number of Covid cases in the country has been steadily decreasing for the past few months. Since the start of the Covid pandemic in early 2020, the total number of Covid cases has increased to over 4.50 crore. The epidemic has claimed nearly 5,31,917 lives in the last three and a half years. Hospital wards are increasingly being deprived of COVID-19 patients, which is a welcome development for the medical community. Still, doctors…
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Meta begins blocking news in Canada
02 Aug

Meta begins blocking news in Canada

Priyanka BhowmickBusiness, India, ,
Meta has begun removing news content from Facebook and Instagram in Canada, with the social media giant saying Tuesday that tech companies will have to negotiate funding news organizations to host their content in response to a recently passed law in the country. As a result of the move — which Meta previously said would happen before the law takes effect — Canadian users of Meta will no longer be able to click on links to news articles posted on Facebook and Instagram. The changes began Tuesday and will roll out gradually in the coming weeks, Meta spokesman Andy Stone…
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Jio MAMI ropes on Bhumi Pednekar as the brand ambassador for Dimensions Mumbai
01 Aug

Jio MAMI ropes on Bhumi Pednekar as the brand ambassador for Dimensions Mumbai

Priyanka BhowmickEntertainment, India, ,
Actor Bhumi Pednekar has joined Dimension Mumbai as the brand ambassador for this year's Jio MAMI Mumbai Film Festival. Dimension Mumbai is a Mumbai-themed short film competition sidebar at the festival. The category was launched in 2009 by Jaya Bachchan as a message of Mumbai. For its latest edition, Dimension Mumbai is taking submissions from filmmakers aged 18-25 years. The call for entries opened on July 27 and will remain open until August 31. Speaking about the association, Bhumi Pednekar said in a statement, “I am thrilled to be a part of Dimension Mumbai this year. It is an incredible…
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