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Paytm's GMV up 131% to $11.2 billion in Oct as festive-time spends rise

Paytm's GMV up 131% to $11.2 billion in Oct as festive-time spends rise

One97 Communications, the parent company of fintech firm Paytm, reported that its gross merchandise value (GMV) for the month of October touched Rs 832 billion (around $11.2 billion), a growth of 131 per cent on a year-on-year (y-o-y) basis. The company was listed on the Indian bourses last week.

The company, in a disclosure to the exchanges, said that the growth was driven by the festive season and an increase in number of merchants and consumers, adoption of new products, transactions for both online and in-store merchants, and in deployed devices.

Airtel hikes tariffs by 20%, says decision is for 'financial health'

Airtel hikes tariffs by 20%, says decision is for 'financial health'

Bharti Airtel on Monday increased its tariffs for telecom subscribers for a range of services effective November 26, saying the decision was for a financially healthy business model.

The company hiked prepaid tariff by 20-25 per cent and data top-up plans by 20-21 per cent.

Zydus Cadila gets USFDA nod to market generic cancer drug in US

Zydus Cadila gets USFDA nod to market generic cancer drug in US

Drug firm Zydus Cadila on Saturday said it has received approval from the US health regulator to market Decitabine injection, used to treat certain types of cancers, in the American market.

The company has received final approval from the US Food and Drug Administration (USFDA) to Decitabine for Injection in the strength of 50 mg/vial single-dose vial, Zydus Cadila said in a statement.

Rs 100 crore worth land records seized by ACB in raids in Bengaluru

Rs 100 crore worth land records seized by ACB in raids in Bengaluru

Anti-Corruption Bureau (ACB) has seized Rs 100 crore worth property records on suspicion of misappropriation from the offices of Bengaluru Development Authority (BDA) while conducting raids.

The raids were conducted on BDA on Friday later in the noon and continued till late night. ACB confirmed that the raids were continuing on Saturday and the BDA officers will be inquired and questioned based on the evidence gathered.

India administers over 5.1 million Covid-19 vaccine jabs in last 24 hours

India administers over 5.1 million Covid-19 vaccine jabs in last 24 hours

India administered 51,59,931 COVID-19 vaccine doses in the last 24 hours, the Union Health Ministry informed on Saturday.

With this, the cumulative COVID-19 vaccination coverage in the country has exceeded 115.79 crore.

"As many as 1,15,79,69,274 vaccine doses of vaccines have been administrated as per provisional reports till 7 am today.

Apple, Google to face up to 2% fine for in-app payment systems in S Korea

Apple, Google to face up to 2% fine for in-app payment systems in S Korea

App store operators will face a fine of up to two per cent for forcing developers to use their own in-app payment systems, South Korean telecommunications regulator said.

Under the enforcement decree of the revised law aimed at curbing Google and other app store operators' dominance, such app store operators will have to pay one per cent of their revenue for delays in reviewing apps, according to the Korea Communications Commission (KCC).

Google open to more tie-ups like Jio with OEMs and telcos in India

Google open to more tie-ups like Jio with OEMs and telcos in India

Google is open to partnering with more OEMs, telecom carriers and developers to develop Android optimisations like it has with JioPhone Next, said Ram Papatla, general manager and engineering lead in India for Android.

“Nothing is off the table and over the next few months and years we will evaluate how we can go ahead with partnerships. Hopefully, we will have more announcements over the next few months,” he added.

Gold price unchanged today at Rs 49,100 for 10 gram; silver Rs 66,000 a kg

Gold price unchanged today at Rs 49,100 for 10 gram; silver Rs 66,000 a kg

The price of gold remained unchanged on Saturday, with the yellow metal selling at Rs 49,100 for 10 grams (24-carat), and Rs 48,100 for 10 gram (22-carat). The price of silver decreased by Rs 300 for 1 kg and the metal is selling for Rs 66,000 per kg.

In Delhi, the rate of 10 gram of 24-carat gold stands at Rs 52,530, while in Mumbai the yellow metal's price is at Rs 49,100. The price of ten grams of 22-carat gold in Delhi and Mumbai is at Rs 48,150 and Rs 48,100, respectively.

Delhi's air quality remains in 'very poor' category, AQI increases to 355

Delhi's air quality remains in 'very poor' category, AQI increases to 355

Delhi's air quality continues to remain in the 'very poor' category for the seventh consecutive day on Saturday, as per the System of Air Quality & Weather Forecasting & Research (SAFAR).

The overall Air Quality Index increased from 332 on Friday to 355 today.

BJP, Congress leaders spar over Karnataka Bitcoin scandal

BJP, Congress leaders spar over Karnataka Bitcoin scandal

The Bitcoin scandal blame game touched a new low in the state among Karnataka politicians as leading of ruling BJP and opposition Congress indulged in personal attacks.

Congress has decided to make 'Bitcoin Scandal' a poll issue and BJP seems to be determined not to lose the momentum and goodwill that has been created so far.

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