Fintech firm One97 Communications, which owns the Paytm brand, has received support from merchants, and it assured them of continuity of services without any disruption, the company said in a blog on Sunday.

The blog post came amid the recent crisis around Paytm Payments Bank Limited (PPBL), an associate company of Paytm, which has been barred by the RBI from accepting deposits or top-ups in customer accounts, wallets, FASTags and other instruments after February 29.

SpiceJet Airlines is set to reduce its workforce by 1,400 employees, constituting nearly 15 per cent of its total staff, as part of cost-cutting measures aimed at sustaining investor interest amidst ongoing financial challenges. The cash-strapped budget airlines confirmed the news with The Economic Times (ET), citing the necessity for aligning companywide costs with operational requirements as the rationale behind the staff reductions.

The airline currently employs 9,000 personnel and operates approximately 30 aircraft, including eight wet-leased from foreign carriers.

Samsung has announced that the sleep apnea feature on the Samsung Health Monitor app has received De Novo authorization from the US Food and Drug Administration (FDA). This feature detects the signs of sleep apnea by monitoring blood oxygen levels of the user during sleep through supported Galaxy Watches. The feature will be available in the US through the Samsung Health Monitor app in the third quarter of 2024.

Last year, Samsung received the approval by South Korea’s Ministry of Food and Drug Safety (MFDS) for the same feature.

Apeejay Surrendra Park Hotels (ASPHL) made a good stock market debut on Monday, with its shares getting listed at Rs 187, a 21 per cent premium over its issue price of Rs 155 per share on the BSE in an otherwise subdued market.

The stock opened at Rs 186 on the National Stock Exchange (NSE). The company is engaged in the hospitality business and runs hotels under its "The Park" brand.

The head of the Nato military alliance warned on Sunday that Donald Trump was putting the safety of US troops and their allies at risk after the Republican presidential frontrunner said Russia should be able to do "whatever the hell they want" to Nato members who don't meet their defence spending targets.

"Any suggestion that allies will not defend each other undermines all of our security, including that of the US, and puts American and European soldiers at increased risk," Nato Secretary-General Jens Stoltenberg said in a statement.

The government is examining foreign direct investment from China in Paytm Payments Services Ltd (PPSL), the payment aggregator subsidiary of One97 Communications Ltd, sources said.

In November 2020, PPSL had applied for licence with the Reserve Bank of India (RBI) to operate as a payment aggregator under the guidelines on Regulation of Payment Aggregators and Payment Gateways.

Veteran BJD leader and 10-time Odisha MLA V Sugnana Kumari Deo died at a private hospital in Chennai on Saturday while undergoing treatment, officials said.

She was 87.

Deo breathed her last at about 1 am after Odisha Chief Minister Naveen Patnaik and other senior party leaders met her at the hospital on Friday night, they said. She belonged to the royal family of Khallikote.

The price of 24-carat gold fell Rs 10 in early trade on Saturday, with ten grams of the precious metal selling at Rs 63,150, according to the GoodReturns website. The price of silver rose Rs 100, with one kilogram of the precious metal selling at Rs 75,100.

The price of 22-carat gold also declined by Rs 10 with the yellow metal selling at Rs 57,890.

Intel India Managing Director Santhosh Viswanath said that Intel, at present, does not have any plans of setting up a semiconductor fabrication plant or any manufacturing line for its products. However, he did say that the company will work with partners to enable the manufacturing ecosystem in the country.

Viswanathan said that India has just begun its journey in the manufacturing space and has 'enough runway for growth'.

On the penultimate day of the final session of the 17th Lok Sabha, Prime Minister Narendra Modi surprised several MPs cutting across party lines as he invited them for lunch at the Parliament canteen. The chosen MPs—eight of them—sat down for a late afternoon lunch with the PM over a vegetarian meal and plenty of conversation.

The drill began a little earlier in the day when officials from the Prime Minister’s Office (PMO) contacted the MPs, some of them first-time members, without giving away the details.

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