India News
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At 27, Vijay Shekhar Sharma was making 10,000 rupees ($134.30) a month, a modest salary that did not help his marriage prospects.
"In 2004-05, my father asked me to shut my company and take up a job even if it was for 30,000 rupees," Sharma, who went on to found digital payments firm Paytm in 2010, told Reuters. At the time, the trained engineer sold mobile content via a small company.
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Delhi-NCR recorded its air quality in the very poor category on Wednesday morning and no major improvement is likely until Sunday, authorities said.
The minimum temperature in the capital dropped to 9.6 degrees Celsius, three notches below normal and the lowest this season so far. The maximum is likely to settle around 27 degrees Celsius, the India Meteorological Department said.
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India reported 10,197 fresh Covid cases and 301 deaths in the last 24 hours, said the Ministry of Health and Family welfare on Wednesday morning.
With the addition of 301 new deaths, the total deaths toll has climbed 4,64,153.
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Scaling up the preventive measures to eliminate the spread of Zika virus, the Uttar Pradesh government has intensified comprehensive surveillance and has initiated doorstep surveys throughout the state to bring down transmission levels.
Under the stringent containment mechanism implemented by the state government to check Zika spread, the health workers are carrying out the extensive exercise of mass-scale sanitisation, state-wide surveillance drives, spraying of anti-larva chemicals, fogging and cleanliness drives.
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Shares of Spandana Sphoorty Financial (SSFL) hit a 52-week low of Rs 488, down 3 per cent on the BSE in Wednesday’s intra-day trade. The stock of India’s second-largest microfinance institution (MFI) was trading lower for the fifth straight day, falling 11 per cent, on delay in announcement of September 2021 quarter (Q2FY22) financial results, due to recent flux in management following resignation by managing director Padmaja Reddy and attrition in the information technology team.
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Venture debt firm Trifecta Capital has raised its second fund of the year with a corpus of Rs 750 crore ($100 million). The fund, called Trifecta Venture Debt Fund -- III, has a target corpus of Rs 1,000 crore and a green shoe option of Rs 500 crore.
Earlier this year, the firm had announced the final close and oversubscription of Trifecta Venture Debt Fund – II at Rs 1,025 crore, as well as the first close of its late-stage equity offering, the Rs 1,500 crore Trifecta Leaders Fund – I.
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The customs department has reportedly asked Adani Ports and Special Economic Zone to explain a ban at the company’s Mundra port on handling export and import of container cargoes from Iran, Pakistan and Afghanistan from November 15.
The department 10 day ago sent a letter to tell India’s largest port operator it needed permission from the Directorate General of Foreign Trade under the country’s exim policy, the Economic Times reported Wednesday quoting an unnamed civil servant.
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Shares of Tata Motors hit an over four-year high of Rs 536.50, up 3 per cent on the BSE in Wednesday's intra-day trade, having gained 6 per cent in the past two days on demand recovery hope. The stock of the Tata Group commercial vehicles maker was trading at its highest level since February 2017. It surpassed its previous high of Rs 532.40, touched on October 14, 2021.
While announcing September 2021 (Q2FY22) results, Tata Motors had said that the demand remains strong for Jaguar Land Rover (JLR) and India passenger vehicle (PV) while commercial vehicle (CV) demand is improving gradually.
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Businesses of all kinds have had to rethink their working due to the pandemic, many going through tough times, but one area that has probably unexpectedly seen a positive impact is diversity, equity and inclusion (DE&I), a new study by Intel has found.
As many as 81 per cent survey respondents in India believe the workplace disruptions driven by the pandemic have had a positive impact on DE&I in their organisation, suggesting that Indian business leaders are confident in their trajectory to achieving DE&I goals.
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Shares of Apollo Hospitals Enterprises (AHEL) continued at their upward march, with the stock hitting a fresh record high of Rs 5,460 on the BSE on Wednesday. They rallied 7 per cent in today's intra-day trade and have surged 20 per cent in the past four days after the company reported a strong set of numbers for the quarter ended September 2021 (Q2FY22). In comparison, the S&P BSE Sensex was down 0.2 per cent during the same period.
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