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Kanchanjunga Express train accident in Bengal kills 9, some feared trapped

Kanchanjunga Express train accident in Bengal kills 9, some feared trapped

At least 9 people were killed, and about 40 were injured in a train collision in West Bengal's Darjeeling district on Monday. According to officials, a goods train collided with the Sealdah-bound Kanchanjunga Express, causing the derailment of three compartments of the passenger train.

Some people are feared to be trapped inside the toppled carriages, and a frantic rescue operation to find them has been launched.

Paytm in talks with Zomato to sell its movie & event ticketing business

Paytm in talks with Zomato to sell its movie & event ticketing business

Paytm is in talks with Zomato Ltd. to sell its movie and events ticketing business, according to people familiar with the matter, as the beleaguered fintech company carves a revival strategy amid weakening sales.

The discussions between Paytm, officially known as One97 Communications Ltd., and online food delivery firm Zomato are in advanced stages, though there are other suitors for the business, the people said, declining to be named as the matter is private. Talks are ongoing and no final decision has been made, the people said.

Dharavi project: No land to Adani group, transfer to Maharashtra govt dept

Dharavi project: No land to Adani group, transfer to Maharashtra govt dept

The multi-crore Dharavi slum redevelopment project involves no land transfer to the Adani group but to the Maharashtra government's departments, and the Ahmedabad-based conglomerate, as a project developer, will build houses that will be handed over to the same departments for allotment to residents of Asia's biggest slums, sources said.

Denying allegations of land grab made by MP Varsha Gaikwad, sources close to the project said land parcels are to be transferred only to Dharavi Redevelopment Project/Slum Rehabilitation Authority (DRP/SRA) of the state government's housing department.

Mcap of 5 of top-10 valued firms jumps Rs 85,582 cr; LIC biggest gainer

Mcap of 5 of top-10 valued firms jumps Rs 85,582 cr; LIC biggest gainer

Five of the top-10 most valued firms together added Rs 85,582.21 crore in market valuation last week, with Life Insurance Corporation of India (LIC) emerging as the biggest gainer, in-line with positive trend in equities.

Last week, BSE benchmark Sensex climbed 299.41 points or 0.39 per cent. The 30-share barometer hit its all-time high of 77,145.46 on June 13.

Assam CM Sarma lays foundation stone for 25-MW solar power project

Assam CM Sarma lays foundation stone for 25-MW solar power project

In a significant step towards enhancing green energy generation in the state, Assam Chief Minister Himanta Biswa Sarma laid the foundation stone for a 25-MW solar power generation project at the premises of the Namrup Thermal Power Station in Dibrugarh district on Friday.

A joint venture between the Assam Power Generation Corporation and Oil India Limited, the project will span 108 acres and is expected to cost Rs. 115 crore.

Hyundai Motor India files draft papers to raise around $3 bn through IPO

Hyundai Motor India files draft papers to raise around $3 bn through IPO

South Korean automotive giant Hyundai Motor Co's Indian subsidiary, Hyundai Motor India Limited, has filed draft papers to the Securities and Exchange Board of India (Sebi) to raise around $3 billion through an initial public offering (IPO), aiming for a valuation between $18 billion to $20 billion, according to a report in Moneycontrol.

If the listing proceeds as planned, this transaction, which is a pure Offer For Sale (OFS) by the promoter.

Atishi, Raghav meet Kejriwal in Tihar; asked to curb water, power crises

Atishi, Raghav meet Kejriwal in Tihar; asked to curb water, power crises

Amidst the persisting water and power crises in Delhi, state minister Atishi and AAP MP Raghav Chadha said on Thursday that they met Chief Minister Arvind Kejriwal lodged in the Tihar jail and were directed to take measures to curb the problems as soon as possible.

The Aam Aadmi Party (AAP) convener is lodged in Tihar jail's number 2 in the excise policy-linked money laundering case.

G7 Summit: PM Modi holds bilateral talks with Italian PM Giorgia Meloni

G7 Summit: PM Modi holds bilateral talks with Italian PM Giorgia Meloni

Prime Minister Narendra Modi on Friday held bilateral talks with Italian Prime Minister Giorgia Meloni on the sidelines of the G7 Summit here.

Modi arrived in Italy early Friday at the invitation of Prime Minister Meloni to participate in the G7 Outreach summit. This is his first foreign trip after becoming prime minister for the third term earlier this month.

US court orders TCS to pay $194 million for trade secrets misappropriation

US court orders TCS to pay $194 million for trade secrets misappropriation

India's largest IT services exporter, Tata Consultancy Services (TCS), announced on Friday that it has received an adverse judgment from the United States District Court, Northern District of Texas, Dallas Division to pay a $194 million penalty.

In a stock exchange filing, the company said, "...we hereby inform you that the company has received an adverse judgement passed by United States District Court, Northern District of Texas, Dallas Division, details of which are provided in Annexure A.

Defence stocks rally up to 18% as Union Minister sets 5 yr export target

Defence stocks rally up to 18% as Union Minister sets 5 yr export target

Shares of defence companies soared up 17.6 percent on the BSE in Friday’s intraday deals. This came after the Defence Minister Rajnath Singh announced on Thursday that India aims to elevate its defence exports to surpass Rs 50,000 crore within the next five years.

This announcement boosted the momentum of defence stocks listed on Dalal Street. Shares of Paras Defence and Space Technologies hit its 52 week high, rising 17.6 per cent at Rs 1,130 per share on the BSE in intraday deals.

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