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Paytm founder could see his stake go up by 2-4% in parent firm ahead of IPO

Paytm founder could see his stake go up by 2-4% in parent firm ahead of IPO

Paytm founder Vijay Shekhar Sharma could see his stake go up One97 Communications, the parent company of the digital payments platform. Sharma, who holds around 14.6 per cent in One97, could see his stake increase by another 2 to 4 per cent, said sources in the know.

Vijay had in the past given 4 per cent of his equity before forming Paytm’ ESOP pool was created. So technically, till sometime back, people got his shares as their ESOPs, said a source aware of the details on condition of anonymity.

'Some users' continue to face problems with I-T portal, says Infosys

'Some users' continue to face problems with I-T portal, says Infosys

IT major Infosys on Thursday acknowledged that some users continue to experience difficulties in accessing the income tax portal and assured that it is working expeditiously, in collaboration with the Income Tax Department, to further streamline end-user experience.

The Bengaluru-based company, which has drawn flak for glitches continuing months after the launch of the portal in June, said it has seen steady increase in usage over the last few weeks, and more than three crore taxpayers have logged into the portal and successfully completed various transactions.

Over 806.7 mn Covid-19 doses provided to states, UTs so far: Centre

Over 806.7 mn Covid-19 doses provided to states, UTs so far: Centre

More than 80.67 crore COVID-19 vaccine doses have been provided to states and union territories, out of which, over 4.29 crore balance and unutilised doses are still available with them, informed the Ministry of Health and Family Welfare on Thursday.

As per a statement released by the ministry, the Centre has provided 80,67,26,335 vaccine doses to all the states and union territories so far (free of cost channel) through the direct state procurement category and 64 lakh doses are in the pipeline.

At 31,923 Covid-19 cases, India sees slight surge in infections

At 31,923 Covid-19 cases, India sees slight surge in infections

With 31,923 new Covid cases registered in the last 24 hours, India's daily new cases on Thursday crossed the 30,000 mark yet again.

With this, the total coronavirus case tally in the country has increased to 3,35,63,421, according to the data updated by Union Health Ministry and Family Welfare on Thursday.

Bajaj Finserv market cap nears Rs 3 trillion; stock zooms 228% in 1 year

Bajaj Finserv market cap nears Rs 3 trillion; stock zooms 228% in 1 year

Shares of Bajaj Finserv hit a new high of Rs 18,702 as they rallied 6 per cent on the BSE in Thursday’s intra-day trade on the back of heavy volumes. The holding company for the various financial services businesses of the Bajaj Group is set to join elite list companies that have a market capitalisation of Rs 3 trillion.

At 11:39 am, Bajaj Finserv was up 5.4 per cent at Rs 18,557, with a market cap of Rs 2.96 trillion, the BSE data shows. At the same time, the S&P BSE Sensex was up 1.07 per cent at 59,557 points.

JSPL declared as preferred bidder for Kasia iron ore mine by Odisha govt

JSPL declared as preferred bidder for Kasia iron ore mine by Odisha govt

Jindal Steel and Power Ltd (JSPL) said on Thursday it has received official communication from the Odisha state government for grant of mining lease of the Kasia iron and dolomite mine.

The company has been declared as the preferred bidder for the mine at a premium of 118.1 per cent. The Kasia Mine has a large resource of 278 million tonnes of iron ore and consists of an average Fe grade of 62.5 per cent.

Coal India hits 52-week high; stock rallies 27% in one month

Coal India hits 52-week high; stock rallies 27% in one month

Shares of Coal India hit a 52-week high of Rs 170, up 5 per cent on the BSE in Thursday’s intra-day trade on improved outlook. The stock of the country’s largest coal producer surpassed its previous high of Rs 164.90 touched on June 11, 2021. In the past one month, the stock has rallied 27 per cent, as compared to a 7 per cent rise in the S&P BSE Sensex.

India's coal mining sector is dominated by Coal India and the scenario is unlikely to change in the immediate future. Even after the opening up of the coal sector to private commercial mining by the government of India, the proportion of coal supply from Coal India is likely to dominate the Indian market.

‘A long flight also means opportunities...’: PM Modi shares inside pic of Air India One en route to US

‘A long flight also means opportunities...’: PM Modi shares inside pic of Air India One en route to US

Indian Prime Minister Narendra Modi is on his way to the United States of America to attend the United Nations General Assembly.

En route to Washington, US, PM Modi has shared an image of himself sitting inside the plane mid-flight to the other side of the world. PM Modi is seen going through some papers, with three files on top of luggage on the seat next to him.

Bengaluru cab driver arrested for allegedly raping woman passenger

Bengaluru cab driver arrested for allegedly raping woman passenger

A cab driver, who allegedly raped a woman passenger in the vehicle between 3 am to 4 am, was arrested early on Wednesday, the police said.

The complainant, who belongs to Jharkhand, had booked the cab from HSR Layout to Murugesh Palya. According to the police, the woman alleged that the driver allegedly locked the car door on reaching the destination and raped her before pushing her out of the vehicle.

PM to interact with top CEOs in US visit, highlight opportunities in India

PM to interact with top CEOs in US visit, highlight opportunities in India

Prime Minister Narendra Modi has said he would highlight economic opportunities in India during his meetings with CEOs here.

On Thursday, the prime minister is scheduled to hold one-o-one meetings with top five American CEOs.

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