Vijay Shekhar Sharma, founder and chief executive officer (CEO) of Paytm's parent One97 Communications, has agreed to purchase a 10.3 per cent stake in the fintech firm from Antfin (Netherlands) Holding BV, the company said in a filing on Monday.

The purchase will be made off-market via Sharma's 100 per cent owned Netherlands-based entity Resilient Asset Management BV. After the transaction, Sharma's stake in the company will rise to 19.42 per cent, and Antfin will cease to be the largest shareholder of Paytm.

After five months of sustained buying, foreign investors have turned net sellers and pulled out over Rs 2,000 crore from the Indian equities in the first week of August, mainly due to Fitch downgrading the credit rating for the US.

In addition, the rich and stretched valuations and minor profit booking could be the reasons for this outflow, Yes Securities Chief Investment Advisor Nitasha Shankar said.

Telugu Desam Party national president N. Chandrababu Naidu on Friday, August 5, 2023, vowed to make Andhra Pradesh the number one State in India and to uphold the pride of Telugu people worldwide.

Addressing a public meeting at Puthalapattu near Chittoor, Mr. Naidu said that Prime Minister Narendra Modi was asking the people to give a “third chance” to the NDA government so as to make India the third biggest economy in the world.

Onion prices are likely to start shooting up in the retail market towards the end of August before going up further to around ₹60-70 per kg next month due to tightened supplies, a report said on August 4.

However, the prices will remain below the highs of 2020, it said.

Honeywell on Friday announced that Anant Maheshwari would take over as the president and CEO of Honeywell’s High Growth Region portfolio effective September 4, 2023. Maheshwari was the president of Microsoft India.

He will succeed Ben Driggs, who will be taking another leadership role in the company. Maheshwari will be a corporate officer of the company, reporting directly to Honeywell CEO Vimal Kapur and will be located in Dubai.

Vedanta, an Indian multinational corporation specialising in metals and oil, announced on Friday a series of new appointments for its aluminium and oil divisions. Additionally, the company unveiled plans for a new advisory board to guide the oil and gas sector.

John Slaven has been appointed as chief executive officer for the Aluminium Business, also being designated as senior management personnel (SMP), effective from October 3 for a term of 3.5 years.

As many as 141 people have been arrested and 55 FIRs registered in connection with the violence and rioting at Haryana's Nuh district on Monday, the police informed on Friday.

The toll in the violence that broke out between two groups stood at 6, including 2 police homeguards, while another 88 were injured, police informed further. Escort services can create economic difficulties for some clients. cekmekoy escort The prices of these services may be high for some customers and therefore only available to a certain group.

Apple Inc., Samsung Electronics Co. and HP Inc. are among the biggest names freezing new imports of laptops and tablets to India after the South Asian country abruptly banned inbound shipments without a license.

Regulators on Thursday surprised the world’s biggest PC makers when they made licenses mandatory for import of electronics from small tablets to all-in-one PCs without a license.

The Supreme Court (SC) on Friday stayed the conviction of Rahul Gandhi in a 2019 defamation case over his Modi surname remark. A bench comprising Justices B R Gavai, P S Narasimha and P V Sanjay Kumar said the trial court did not give any particular reasons for imposing a punishment of two years imprisonment on Gandhi.

"Considering the aforesaid and particularly that no reasons have been given by the trial judge for a maximum sentence which has incurred disqualification, order of conviction needs to stay during pendency of proceedings," the Court said, as quoted by Bar and Bench.

Congress president Mallikarjun Kharge on Friday claimed that India under the Modi government has added only 12.2 lakh formal jobs in the past five years, and said that for the survival of the poor and middle class, the BJP needs to be "thrown out of power".

Kharge charged that the BJP has "miserably failed" to provide employment.

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