PayPal Inc said it is not pursuing an acquisition of Pinterest Inc at this time, after several media reported last week that it was in talks to buy the digital pinboard site for as much as $45 billion.

The latest development, which dashed the prospect of Pinterest getting access to PayPal's massive user base, sent the social media platform's share price down over 12%. Reuters and other media reported on the deal talks on Friday, when sources said that PayPal had offered $70 per share, mostly in stock, for Pinterest.

Subhash Chandra is no stranger to corporate battles. In 1998, when his then partner Rupert Murdoch attempted to buy out their thriving five-year-old Indian television venture, the entrepreneur deftly fended off the billionaire to wrest back control of what became Zee Entertainment Enterprises Ltd.
More than two decades later, India’s largest publicly traded entertainment network is back at the center of a complicated boardroom feud: Chandra and his supporters versus Atlanta-based Invesco Developing Markets Fund, Zee’s biggest shareholder with an 18% stake.

In a closely watched contest for two new IPL T-20 teams, RP-Sanjiv Goenka group and private equity player Irelia (part of CVC Capital Partners) have emerged winners. The Board of Control for Cricket in India (BCCI) announced the new franchises on Monday evening following an open auction in Dubai. There were nine bidders including two from overseas.

At Rs 7,090 crore, RPSG’s winning bid for Lucknow made it the most expensive team in the IPL tournament. Irelia Company Pte Ltd got the second franchise for Ahmedabad at Rs 5,625 crore. The new teams are for the tournament to be played next year.

SpiceJet will launch 28 new domestic flights across the country from October 31 onwards, the airline said Monday.

It will launch multiple new non-stop flights connecting the tourist hotspots of Jaipur, Jaisalmer, Jodhpur and Udaipur in Rajasthan with key metros and cities as part of its new winter schedule, SpiceJet said in a statement.

The coronavirus pandemic will come to an end when all the countries start using the available health tools effectively, Director-General of the World Health Organization (WHO) Tedros Adhanom Ghebreyesus says.

The pandemic will end when the world chooses to end it. It is in our hands. We have all the tools we need: effective public health tools and effective medical tools. But the world has not used those tools well. With almost 50,000 deaths a week, the pandemic is far from over, Dr. Tedros said on Sunday, in his address to the World Health Summit in Berlin.

Prime Minister Narendra Modi on Monday said the previous governments had left people of 'Purvanchal' to suffer from diseases. The remarks came as PM Modi inaugurated nine medical colleges in Uttar Pradesh virtually from Siddharthnagar in presence of Union Health Minister Mansukh Mandaviya, Uttar Pradesh Governor Anandiben Patel, and Chief Minister Yogi Adityanath.

Uttar Pradesh will now become a medical hub of Northern India, PM Modi said, as he added, Earlier, Purvanchal's image was ruined by previous governments, it was defamed because of 'dimagi' fever. The same region will now infuse new hopes.

Shares of Tatva Chintan Pharma Chem zoomed 17 per cent to Rs 2,488.90 on the BSE in Monday’s intraday trade after the company reported a robust set of numbers for the quarter ended September 2021 (Q2FY22), on back of higher revenue. The stock of the specialty chemicals was trading at its highest level since its listing on July 29, 2021.

For Q2FY22, Tatva Chintan’s consolidated net profit jumped over nine-fold to Rs 32.41 crore as against Rs 3.56 crore in Q2FY21. Revenue from operations during the quarter more than doubled to Rs 123.62 crore from Rs 60.04 crore in the corresponding quarter of previous fiscal.

Ten gram of 24-carat gold was on Monday selling at Rs 47,660, up Rs 10 from yesterday’s trading price. Silver was at Rs 65,600 per kg, same as yesterday’s trading price, according to the Good Returns website.

Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

India logged 14,306 new COVID-19 cases, taking the virus tally to 3,41,89,774, while the active cases declined to 1,67,695, according to the Union Health Ministry data updated on Monday.

The death toll climbed to 4,54,712 with 443 daily fatalities, according to the data updated at 8 am.

Share of Asian Paints dipped 4 per cent to Rs 2,855.60 on the BSE in Monday’s intra-day trade, thus falling 10 per cent in past three trading sessions post Q2 results. The company had reported 28.2 per cent year on year (YoY) decline in consolidated net profit at Rs 595.96 crore in July-September quarter (Q2FY22), due to higher operational cost. The company had posted a profit of Rs 830.37 crore in the year-ago quarter.

The stock hit a five-month low and a quoted at its lowest level since May 25, 2021.

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