Even as India’s leading fintech player Paytm’s IPO is off to a slow start, one of its largest investors, Japan’s Softbank, believes that the company can grow its value going forward.

Softbank chief Masayoshi Son when asked by an analyst, post its Q2 results, if Paytm’s valuation of $20 billion was lower than the firm's expectation, said, Valuation-wise, of course, it depends on market condition and investors' appetite. And I believe that they can grow their value going forward.

Shares of S H Kelkar and Company (SHK) zoomed 19 per cent to Rs 182 on the BSE in Tuesday’s intra-day trade after 10 per cent of total equity of personal products company changed hands via block deals. The stock is trading close to its 52-week high level of Rs 189.80 touched on July 5, 2021.

At 09:15 am; around 14.12 million equity shares, representing 9.99 per cent of total equity of S H Kelar and Company changed hands on the BSE, the exchange data shows. The names of the buyers and sellers are not ascertained immediately.

Bitcoin and ether made record peaks in Asia trade on Tuesday, with enthusiasm for cryptocurrency adoption and worry about inflation driving momentum and flows into the asset class.

Bitcoin rose as high as $68,564 in Asian afternoon trade and ether, the second-biggest cryptocurrency by market value, earlier hit $4,825.

India logged 10,126 new coronavirus infections, the lowest in 266 days, while the active cases dipped to 1,40,638, the lowest in 263 days, according to the Union Health Ministry data updated on Tuesday.

With the fresh cases, the country's total tally of COVID-19 cases climbed to 3,43,77,113.

Kolkata Police sleuths have arrested three persons, including a doctor, for their alleged involvement in sending a death threat to former West Bengal chief secretary Alapan Bandyopadhyay, a senior officer said on Tuesday.

Bandyopadhyay had recently received a death threat through a letter sent to his wife.

Four infants died in a hospital fire in Madhya Pradesh's capital city Bhopal. The incident took place on Monday night at around 9 pm. According to state Medical Education Minister Vishwas Sarang, a fire broke out at the government-run Kamala Nehru Children's Hospital that claimed the lives of the innocents. 10 fire tenders were rushed to the spot.

A total of 40 children were admitted to the SNCU of Kamala Nehru Children's Hospital. Of these, 36 were undergoing treatment in different wards.

Toxic air enveloped Delhi for the fifth consecutive day, making it the most polluted city across the planet and prompting the authorities to hold an emergency meeting.

The air quality index (AQI) of Delhi was at '372', in the 'very poor' category at 8 am, according to the state-run System of Air Quality and Weather Forecasting And Research (SAFAR). Readings below 50 are considered safe, while anything above 300 is considered hazardous or 'severe'.

Shares of TVS Motor Company hit an over two-year high of Rs 793.45, surging 11 per cent on the BSE in Tuesday's intra-day trade, on reports that the company is in talks to raise funds for its electric vehicle (EV) subsidiary. The stock of the company, engaged in automotive vehicles and parts business, was trading close to its record high level of Rs 795 touched on January 2, 2018.

The company's board on October 21, 2021 had approved the incorporation of a subsidiary to undertake the electric mobility business. It will invest Rs 1,000 crore on product development and capacity expansion.

PayPal Holdings Inc on Monday reported a third-quarter profit above Wall Street estimates, as more people used digital modes of payment to shop and transactions rose through its peer-to-peer payment service Venmo.

PayPal emerged as one of the big winners of the Covid-19 pandemic as businesses increasingly moved online and consumers preferred using phones and other digital means to pay bills and shop online.

Global Covid-19 cases surpassed 250 million on Monday as some countries in eastern Europe experience record outbreaks, even as the Delta variant surge eases and many countries resume trade and tourism.

The daily average number of cases has fallen by 36 per cent over the past three months, according to a Reuters analysis, but the virus is still infecting 50 million people worldwide every 90 days due to the highly transmissible Delta variant.

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