Malaysia is set to scrap entry visa requirements for citizens of China and India starting December 1, announced the country’s Prime Minister Anwar Ibrahim, on Sunday. This decision follows a similar visa waiver implemented by Sri Lanka and Thailand.

Under this new policy, Chinese and Indian nationals will enjoy a visa-free stay of up to 30 days, subject to security screening, said the Malaysian Prime Minister in his speech during the People’s Justice Party’s annual congress, according to Bloomberg.

Twenty people have been killed in lightning strikes in different parts of Gujarat during widespread unseasonal rainfall in the state, an official said Monday.

Union Home Minister Amit Shah condoled the deaths due to bad weather and lightning in various cities of Gujarat on Sunday and said the local administration was engaged in relief work.

PhonePe is expected to launch consumer lending on its platform by January 2024, The Economic Times (ET) reported on Monday, citing two people aware of the matter. The startup, which is backed by Walmart, will distribute personal loans while building up credit underwriting.

The ET report added that PhonePe is in the final stages of integration with five banks and non-banking finance companies. In the later stage, PhonePe may also look at a credit line offering.

Prime Minister Narendra Modi on Sunday said he is troubled by the trend of some "big families" conducting weddings abroad, and urged people to hold such celebrations on Indian soil so that the country's money does not leave its shores.

In his Mann Ki Baat radio broadcast, Modi said while shopping for weddings, people should give importance to products made in India only.

The Jammu and Kashmir (J-K) administration on Sunday approved the purchase of an additional 500 megawatts (MW) of power from the Centre to meet the winter demand, according to an official statement.

As winter approaches, J-K face electricity scarcity because of a low proportion of hydropower in the Union Territory, as water reduces in rivers.

Attackers seized and later let go a tanker linked to Israel off the coast of Yemen on Sunday, authorities said.

Yemen's internationally recognised government blamed the Iranian-backed Houthi rebels for the attack, which followed at least two other recent maritime attacks linked to the Israel-Hamas war.

The Supreme Court on Friday reserved its order in the Adani-Hindenburg case and indicated it might pass some more directions to the Securities and Exchange Board of India (Sebi).

Sebi told the court it would not seek an extension to complete its investigation of the matter.

BH International Holdings, a unit of Warren Buffet's Berkshire Hathaway, sold its remaining 2.46 per cent stake in One 97 Communications (Paytm) on Friday. It sold 15.62 million shares at Rs 877.3 apiece for Rs 1,371 crore.

According to data provided by stock exchanges, Copthall Mauritius Investment picked up 7.57 million shares and Ghisallo Master Fund LP acquired 4.2 million shares, amounting to a 1.19 per cent and 0.67 per cent stake in Paytm, respectively.

Rajasthan Chief Minister Ashok Gehlot on Saturday said there is no anti-incumbency against the Congress and the party will form the government in the state again.

"There seems to be an undercurrent. Looks like the (Congress) government will be repeated," he said.

Credit card spending by Indians rose 25.35 per cent to a new high of Rs 1.78 trillion in October from Rs 1.42 trillion in September 2023, supported by growth in point of sale (POS) transactions and e-commerce payments in the festive season.

PoS transactions increased to Rs 57,774.35 crore and e-commerce payments to Rs 120,794.40 crore in October.

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