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Paytm acquires majority stake in Insider.In

Paytm acquires majority stake in Insider.In

Paytm has acquired a majority stake in ticketing platform Insider.In, for events and properties, including NH7 Weekender, EDC and The Grub Fest, for an undisclosed amount.

This will enable all Paytm customers discover a wide selection of events and book instantly, a company statement said.

Sikkim stand-off with China: Govt calls all-party meeting; Sushma, Rajnath to brief Opposition

Sikkim stand-off with China: Govt calls all-party meeting; Sushma, Rajnath to brief Opposition

Amid ongoing border stand-off with China, the government has called an all-party meeting to apprise the entire Opposition on the issue.

External Affairs Minister Sushma Swaraj and Home Minister Rajnath Singh will brief Opposition leaders on Friday.

Skoda launches new Octavia model in India for Rs 15.49k

Skoda launches new Octavia model in India for Rs 15.49k

Czech carmaker Skoda on Thursday launched an all-new version of its best-selling sedan Octavia in India with price starting at Rs 15.49 lakh (all India ex- showroom).

The car will be available in both petrol and diesel engine options.

The petrol version comes with two engine options of 1.4 litre and 1.8 litre, priced between Rs 15.49-20.89 lakh.

SBI, PNB start insolvency proceedings against Bhushan Steel, Bhushan Power

SBI, PNB start insolvency proceedings against Bhushan Steel, Bhushan Power

Beleaguered steel company Bhushan Steel has been taken to the National Company Law Tribunal (NCLT) in Delhi by the State Bank of India (SBI). Its sister company, Bhushan Power, has also been taken to the NCLT's Delhi bench by another public sector bank, the Punjab National Bank (PNB). The hearing at the NCLT was adjourned after the financial creditors initiated the insolvency process in the court of Chief Justice M M Kumar and Deepa Krishan.

Both the petitions have been filed under the Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, where the financial creditor initiates insolvency proceedings with a claim.

HPCL rallies over 10% in two days after merger announcement with ONGC

HPCL rallies over 10% in two days after merger announcement with ONGC

Hindustan Petroleum Corporation Limited (HPCL) rallied 6% to Rs 382 in intra-day trade, extending its Wednesday’s 5% gain on the BSE, after the media report suggested that the merger of the company with Oil and Natural Gas Corporation (ONGC) is likely to take place soon.

At 12:43 pm; the stock was trading 5% higher at Rs 376, against 0.66% rise in the S&P BSE Sensex. It is quoting close to its record high of Rs 390 (adjusted to 1:2 bonus shares) on February 14, 2017 in intra-day trade. ONGC, on the other hand, was down 2% to Rs 160, erases its entire previous day’s gain.

NGT bans dumping of waste within 500 metres of river Ganga

NGT bans dumping of waste within 500 metres of river Ganga

The National Green Tribunal (NGT) on Thursday banned dumping of any kind of waste within 500 metres from the edge of river Ganga.

The development comes a week after the Supreme Court stayed the Uttarakhand High Court's order declaring river Ganga and Yamuna as a juristic person and a living entity.

Sasikala paid Rs 2 crore bribe for exclusive kitchen, special facilities in jail: Prison report

Sasikala paid Rs 2 crore bribe for exclusive kitchen, special facilities in jail: Prison report

AIADMK chief VK Sasikala is reportedly getting VIP treatment in the Bengaluru jail, including a special kitchen for her meals.

After being convicted by the Supreme Court in a disproportionate assets case, Sasikala has been lodged in the Parappana Agrahara Central jail.

'No job security in IT industry': Software engineer commits suicide in Pune

'No job security in IT industry': Software engineer commits suicide in Pune

Amid reports of several IT companies laying off employees, a software engineer on Wednesday committed suicide in Maharashtra's Pune over concerns about his job security.

The engineer who has been identified as Gopikrishna Durgaprasad (25) was a resident of Krishna district​ in Andhra Pradesh and had started working in Pune three days ago.

Reliance Jio does a U-turn, admits to data leak in police complaint

Reliance Jio does a U-turn, admits to data leak in police complaint

India's Reliance Jio Infocomm Ltd, which is looking into reports of a major leak of user data, has filed a police complaint alleging unlawful access to its systems, a police officer involved in the investigation said on Wednesday.

The complaint is the telecom company's first official acknowledgement of a systems breach. Jio has so far denied media reports and user accounts of a leak.

Larsen & Toubro, BPCL trade ex-bonus

Larsen & Toubro, BPCL trade ex-bonus

Shares of two Nifty 50 companies, Larsen & Toubro (L&T) and Bharat Petroleum Corporation Limited (BPCL) are trading at their adjusted price of 1:2 bonus shares.

The board of directors of L&T and BPCL during last week of May, 2017, had approved issue of bonus shares in the ratio of 1:2 (i.e. one bonus equity share for every two fully paid equity shares held). L&T has fixed July 14, while BPCL fixed July 15 as the record date to identify eligible shareholders for the purpose of bonus shares.

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