Author: News Desk

SoftBank Group Corp. reportedly divested a majority of its holdings in Paytm before regulatory scrutiny led to a significant decline in the shares of the once-lauded Indian fintech firm, as indicated by the executive managing partner of the Vision Fund, as per a Bloomberg report. Navneet Govil, speaking to Bloomberg News on February 8, expressed that SoftBank Group Corp., a Tokyo-based tech investor, observed mounting uncertainty regarding India’s regulatory landscape, particularly concerning Paytm Payments Bank Ltd.’s license. “We felt it was prudent to start monetizing,” the Vision Fund’s finance chief said, as quoted by Bloomberg. “We’re glad we did a…

In a recent press conference, the Reserve Bank of India (RBI) sought to clarify its recent directive, emphasising that the regulatory measures taken pertain specifically to Paytm Payments Bank and not the Paytm app itself. Last month, the RBI mandated significant restrictions on Paytm Payments Bank, including the suspension of deposit-taking and fund transfers effective from March 1, citing multiple instances of non-compliance and supervisory concerns. Addressing Public Concerns Governor Shaktikanta Das highlighted the forthcoming release of a list of frequently asked questions (FAQs) aimed at addressing widespread inquiries about the Paytm Payments Bank issue. This move comes in response…

For career development, securing internships within governmental organisations stands out as a pivotal stepping stone towards valuable experience and skill enhancement. Here’s a closer look at some of the most coveted government internship programs in India, each offering unique avenues for learning and personal development. NITI Aayog, Government of India Internship NITI Aayog, as India’s premier policy think tank, opens its doors to students across all academic disciplines. This internship promises an immersive experience in policy formulation, research, and development. From engineering to economics, social sciences to technology, applicants from diverse backgrounds are welcomed to contribute to shaping India’s future.…

NEOM, Saudi Arabia’s ambitious giga-project, unveiled its exclusive beach club, Xaynor, situated along the pristine coastline of the Gulf of Aqaba. In a recent announcement, NEOM highlighted Xaynor as a members-only destination offering a unique blend of innovative architectural design and luxurious interiors. Xaynor aims to provide an idyllic environment for leisure, relaxation, and socializing. The club’s statement emphasized its striking canopy entrance, seamlessly integrated with the natural landscape, guiding guests towards the beachfront. The architectural style of Xaynor seamlessly combines secluded retreats with spacious open areas, allowing guests to enjoy private moments or engage with fellow members. The club…

The landscape of Indian web series is undergoing a remarkable transformation, witnessing a shift from modest productions to extravagant showcases that rival the grandiosity of traditional blockbusters. At the forefront of this evolution stands Heeramandi, a highly anticipated series that signifies a new era in streaming content. Breaking Budgetary Barriers: Heeramandi, helmed by the visionary filmmaker Sanjay Leela Bhansali, has captured attention for its record-breaking budget, surpassing the Rs 200 crore mark. This monumental investment catapults Heeramandi into the realm of the most expensive ventures in Indian streaming history, outstripping even the budgets of notable cinematic endeavors like Rudra: Edge…

Following a recent directive from the Reserve Bank of India (RBI) instructing Paytm Payments Bank to suspend services by the end of February, local kirana store owners are swiftly turning to alternative payment apps for their business transactions. According to a survey conducted by Kirana Club, a community representing Indian kirana stores, a staggering 69% of respondents previously relied on Paytm QR codes for their daily store transactions. Surprisingly, within just one week of the RBI’s announcement, 42% of Indian kirana stores have already transitioned to using other payment apps. The survey also unveiled a concerning trend regarding the erosion…

As Ayodhya emerges as a significant pilgrimage destination following the consecration ceremony of Lord Ram’s idol, the city’s culinary landscape is undergoing a unique transformation. Reports suggest that the American fast-food giant, Kentucky Fried Chicken (KFC), is gearing up to set foot in Ayodhya, albeit with a twist. In adherence to the city’s vegetarian-only policy, KFC will be required to offer exclusively vegetarian options, according to recent TV reports. Renowned worldwide for its delectable chicken offerings, KFC faces a challenge in Ayodhya’s devoutly vegetarian environment. However, the move underscores the brand’s commitment to respecting local customs and preferences as it…

Pure EV has recently introduced the X Platform 2.0 Limited Edition variants for its ePluto 7G, Pro, and Max models, promising an upgraded experience for electric scooter enthusiasts. This latest update aims to elevate speed capabilities and improve mileage, catering to the evolving needs of urban commuters. Building Upon the X Platform The X Platform 2.0 Limited Edition variants represent an advancement from the existing X Platform, incorporating 12 innovative features designed to enhance performance and user satisfaction. Notably, Pure EV has focused on optimising speed figures, particularly in the eco mode, where the scooter can now achieve speeds of…

Satya Nadella, the CEO of Microsoft, recently celebrated his ten-year anniversary at the helm of the tech giant. Taking over from Steve Ballmer in 2014, Nadella, originally from India, has seen remarkable success during his tenure. Over the past year alone, Microsoft’s stock has reportedly surged by over 1,000%, propelling the company’s market value to $3 trillion, surpassing even Apple. During his visit to India this week, Nadella made significant announcements and shared insights. Addressing a gathering of business leaders in Mumbai on February 7, he focused on next-generation AI solutions, reflecting on the advancements in this field under his…

Indian business tycoon Gautam Adani has seen a resurgence in his wealth following a tumultuous period sparked by allegations of market manipulation and fraud in early 2023. On Wednesday, Adani’s net worth surged by $2.7 billion, reaching $100.7 billion, its highest level since accusations from Hindenburg Research rocked his conglomerate, the Adani Group. Adani Group’s Flagship Soars Shares of Adani Enterprises Ltd., the flagship company of the Adani Group, experienced an eighth consecutive day of gains, driven by an impressive 130% surge in profit revealed in its recent earnings report. As a result, Adani now ranks as the 12th-richest individual…