AIMIM MLA Akbaruddin Owaisi took oath taken oath as Protem Speaker of the Telangana Legislative Assembly in Raj Bhawan, Hyderabad on Saturday. The oath was administered by Telangana Governor Tamilisai Soundararajan. Telangana Chief Minister Revanth Reddy was also present on the occasion.

The Governor appointed Akbaruddin Owaisi as the Pro-tem Speaker of the state Assembly on Friday.

Prime Minister Narendra Modi continues to be at the top among world leaders with an approval rating of 76 percent, according to a survey by Morning Consult. According to the US-based consultancy firm's 'Global Leader Approval Rating Tracker' 76 percent of people in India approve of PM Modi's leadership, while 18 percent disapprove of it and six percent did not give any opinion.

Referring to TMC MP Mahua Moitra's earlier statement that her Maa Kaali eats meat, smokes cigarettes, and drinks whiskey, BJP leader Suvendu Adhikari on Friday said that her expulsion from the Lok Sabha in the 'cash for query' case was due to the 'curse of Maa Kali.' Opposition leader Shubhendu Adhikari said this at a press conference at the Uluberia BJP party office today.

GQG Partners acquired a 4.7 per cent stake in GMR Airports Infrastructure on Friday, sending the stock up 12 per cent.

The US-based boutique investment firm, which has gained prominence because of its successful investments in Adani group stocks, purchased shares at Rs 59.1 each, amounting to a total outgo of Rs 1,672 crore, according to data provided by BSE. The GMR Group firm’s shares, on the other hand, closed at nearly Rs 69 apiece following the uptick.

Alipay Singapore Holding plans to sell its entire 3.44 per cent stake in food delivery giant Zomato on Wednesday. The Chinese firm has set the floor price at Rs 111.28 per share for the transaction. Shares of Zomato last closed at Rs 113.8. At the base price, Alipay will be able to raise Rs 3,290 crore. BofA Securities and Morgan Stanley are the investment banks handling the share sale.

Alipay’s sister concern Antfin Singapore Holding held another 6.39 per cent stake in Zomato at the end of the September 2023 quarter.

In a move to expand its presence in Tier I and II cities, Max Healthcare Institute (MHIL) on Friday announced the signing of a share purchase agreement for the acquisition of 100 per cent stake in Starlit Medical Centre.

The deal, facilitated through MHIL's subsidiary, Crosslay Remedies, involves an enterprise value of Rs 940 crore.

Top Indian banks and non-bank lenders have asked their fintech partners to curtail issuing tiny personal loans, three banking and one industry source said on Thursday, weeks after the central bank clamped down on the fast-growing business.

Paytm plans to go slow on sub-50,000-rupee-loans (about $600), it said Wednesday, the first to announce such a move since the Reserve Bank of India (RBI), last month, told banks to set aside more capital to cover personal loans and lending via NBFCs on concerns that soaring demand could lead to higher risk.

On Thursday, a decade after its inception, Telangana got its second chief minister (CM), Anumala Revanth Reddy, and its first Dalit deputy CM in Mallu Bhatti Vikaramarka.

In his first decision after taking the oath, the 54-year-old CM began the process of implementing the Congress’ six poll guarantees, and his second plan is to provide jobs to disabled women.

SpiceJet, which has been grappling with a cash crunch for several quarters, announced on Thursday that its board is considering options for raising fresh capital through the issuance of equity or convertible securities on a preferential basis.

Last month, SpiceJet informed the Delhi High Court (HC) that it was “struggling to stay afloat” after the court mandated the airline to make a payment to its former owner, Kalanithi Maran, for outstanding dues.

London-based Vedanta Resources (VRL) is on the verge of securing a private loan amounting to $1.25 billion from various international investors, according to a report by The Financial Express (FE). This loan is strategically timed ahead of its $1 billion debt maturity in January 2024. The debt, anticipated to be finalised in the coming week, is expected to be raised at higher interest rates compared to existing ones.

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