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Paytm to sell Japan's PayPay stake to SoftBank for $250 mn to boost capital

Paytm to sell Japan's PayPay stake to SoftBank for $250 mn to boost capital

One97 Communications, the parent company of Paytm, is close to finalising a $250 million (approximately Rs 2,000 crore) deal to sell its stake in Japan’s digital payments company, PayPay Corporation, to SoftBank Group, according to a Moneycontrol report.

The sale is part of Paytm’s broader strategy to offload non-core assets and strengthen its capital base, enabling a sharper focus on its core payments business after a challenging year.

World's richest man Elon Musk is now America's biggest political donor

World's richest man Elon Musk is now America's biggest political donor

Elon Musk poured at least $274 million into political groups in 2024, fueling a spending spree that helped Donald Trump win the presidency, and securing a new title for himself: the most prolific donor of the election cycle.

His total puts him far ahead of the second-biggest donor, investor Timothy Mellon, who has given $197 million mainly to Republicans, according to contributors tracked by OpenSecrets.

Bumper debut: Ganesh Infraworld IPO lists at 90% premium, hits upper limit

Bumper debut: Ganesh Infraworld IPO lists at 90% premium, hits upper limit

Ganesh Infraworld IPO listing: Shares of construction company Ganesh Infraworld made a solid debut on the NSE SME today, continuing their upward momentum to hit the upper circuit within less than 5 minutes of listing. The company's stock listed at Rs 157.70 apiece, a 90 per cent premium over the IPO allotment price of Rs 83.

After listing, the stock gained an additional 4.98 per cent, surging 99.45 per cent from the issue price to reach the upper circuit of Rs 165.55 apiece on the NSE SME.

Earthquake of magnitude 7.0 off Northern California prompts tsunami warning

Earthquake of magnitude 7.0 off Northern California prompts tsunami warning

A 7.0 magnitude earthquake shook a large area of Northern California on Thursday, knocking items of grocery store shelves, sending children scrambling under desks and prompting a brief tsunami warning for 5.3 million people along the US West Coast.

The quake struck at 10:44 a.m. west of Ferndale, a small city in coastal Humboldt County, about 130 miles (209 km) from the Oregon border, the US Geological Survey said.

Cause of 'Disease X' investigated after it killed 79 people in Congo

Cause of 'Disease X' investigated after it killed 79 people in Congo

Health officials in the Democratic Republic of the Congo expect to know within days the cause of an infectious disease outbreak termed ‘Disease X’ that’s sickened hundreds of people and killed at least 79, since late October.

Almost 200 of the 376 afflicted with a flu-like illness are younger than five years, said Jean Kaseya, director of the Africa Centres for Disease Control and Prevention.

Railways gives Rs 56,993 cr subsidy on tickets every year: Ashwini Vaishnaw

Railways gives Rs 56,993 cr subsidy on tickets every year: Ashwini Vaishnaw

A total subsidy of Rs 56,993 crore is given every year by the Indian Railways to all categories of passengers, with a 46 per cent rebate on every ticket, Railway Minister Ashwini Vaishnaw said on Wednesday.

Replying to multiple questions in the Lok Sabha on restoring discounts given to various categories of train passengers, he said if the price of a ticket is Rs 100, then the railways charges just Rs 54 for it -- a discount of 46 per cent.

Punjab CM condemns attack on Sukhbir Badal, praises cops for swift action

Punjab CM condemns attack on Sukhbir Badal, praises cops for swift action

Punjab Chief Minister Bhagwant Mann strongly condemned the attack on Shiromani Akali Dal leader Sukhbir Singh Badal, who was fired at while performing 'sewa' outside the Golden Temple on Wednesday morning, and directed police to investigate the incident.

The chief minister also lauded the promptness of the Punjab Police in nabbing the attacker.

Kejriwal slams Centre for lawlessness after Delhi's triple murder incident

Kejriwal slams Centre for lawlessness after Delhi's triple murder incident

Former Delhi Chief Minister Arvind Kejriwal on Wednesday launched a scathing attack on the BJP-led central government after three members of a family were found dead at their home in the national capital.

Describing the incident as "extremely painful and frightening," the AAP convener accused the Centre of allowing criminals a free hand and failing to ensure law and order in the capital.

Devendra Fadnavis to be sworn in as Maharashtra chief minister on Dec 5

Devendra Fadnavis to be sworn in as Maharashtra chief minister on Dec 5

BJP leader Devendra Fadnavis is all set to return as Maharashtra’s chief minister for a historic third term, following a critical consensus reached during the BJP core committee meeting on Wednesday. The decision, which ended days of suspense, cements Fadnavis’s leadership at the helm of Maharashtra’s new government.

The proposal for Fadnavis's appointment was made by former Gujarat Chief Minister Vijay Rupani, who was appointed as the party’s observer for the Maharashtra legislature meeting.

INDIA bloc MPs hold protest in Parliament over Adani issue, seek JPC probe

INDIA bloc MPs hold protest in Parliament over Adani issue, seek JPC probe

Leaders of several INDIA bloc parties protested on the Parliament premises on Wednesday over the Adani indictment issue and called for a joint parliamentary probe into the matter.

MPs of the Congress, AAP, RJD, Shiv Sena (UBT), DMK and the Left parties, among others, raised slogans in favour of their demand and held a banner reading "Modi-Adani are one" at Parliament's Makar Dwar. The TMC kept away from the opposition protest.

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