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Zomato, Paytm, others face temporary disruption after Akamai outage

Zomato, Paytm, others face temporary disruption after Akamai outage

Various online platforms in the country, including Zomato and Paytm, faced temporary disruption in services late Thursday evening due to a global outage at internet infrastructure company Akamai Technologies.

In a tweet around 10 PM IST, Akamai said it was experiencing a service disruption. It said it was actively investigating the issue, and clarified that this was not the result of a cyberattack on its platform.

Tata sets up Rs 100 crore tea packaging unit in Odisha

Tata sets up Rs 100 crore tea packaging unit in Odisha

Odisha Chief Minister Naveen Patnaik on Thursday inaugurated a tea packaging unit of Tata Consumer Products Ltd at Gopalpur in the state's Ganjam district.

The plant was commissioned in a span of 18 months with an investment of Rs 100 crore, officials said.

SC says India can't have a dual judicial system for rich and poor

SC says India can't have a dual judicial system for rich and poor

The Supreme Court on Thursday said India can't have a dual judicial system -- one for the rich and the other for the poor, and pulled up Madhya Pradesh Police for attempting to shield Govind Singh, the husband of a Bahujan Samaj Party (BSP) MLA, accused of murdering Congress leader Devendra Chourasia.

A bench headed by Justice D.Y. Chandrachud said the judiciary must remain free from political pressures and influences.

Covid-19 claimed lives of 56 Air India employees till July 14: Govt

Covid-19 claimed lives of 56 Air India employees till July 14: Govt

As many as 56 Air India employees have died due to COVID-19 till July 14, Minister of State for Civil Aviation V K Singh said on Thursday.

A total of 3,523 employees of Air India Limited have been affected by COVID-19. Out of this, 56 employees succumbed to this pandemic till July 14, 2021, he stated in a written reply to a question in Lok Sabha.

200 farmers reach Jantar Mantar for protest amid Parliament session

200 farmers reach Jantar Mantar for protest amid Parliament session

A group of 200 farmers reached Jantar Mantar in central Delhi on Thursday to protest against the Centre's three contentious farm laws as the Monsoon session of Parliament was underway.

Police threw a ring of security around central Delhi and kept a tight vigil on the movement of vehicles.

Paytm's gross merchant volume growing at over 100% in a year: DRHP

Paytm's gross merchant volume growing at over 100% in a year: DRHP

Financial services platform Paytm's Gross Merchant Volume (GMV) is growing at over a 100 per cent in a year, according to its Draft Red Herring Prospectus (DRHP), filed last week.

In Q1FY22, Paytm’s GMV hit Rs 1,46,900 crore, from Rs 69,700 crore in the same period last year. In the whole of FY21, Paytm’s GMV was Rs 4,03,300 crore, highest in the payments industry as per research firm Redseer.

India's smartphone mkt fell 13% sequentially in Q2 amid 2nd wave: Canalys

India's smartphone mkt fell 13% sequentially in Q2 amid 2nd wave: Canalys

Smartphone shipments in India fell 13 per cent to 32.4 million units in the April-June 2021 period over the previous quarter as the second wave of COVID-19 stifled demand, according to research firm Canalys.

Given that the April-June 2020 had an almost two-month nationwide lockdown (amid the first wave of the pandemic), the year-on-year comparison was extremely favorable with shipments up 87 per cent, Canalys said in its report.

China rejects WHO plan for second phase of investigation of Covid-19 origin

China rejects WHO plan for second phase of investigation of Covid-19 origin

China rejected on Thursday a World Health Organization (WHO) plan for a second phase of an investigation into the origin of the coronavirus, which includes the hypothesis it could have escaped from a Chinese laboratory, a top health official said.

The WHO this month proposed a second phase of studies into the origins of the coronavirus in China, including audits of laboratories and markets in the city of Wuhan, calling for transparency from authorities.

Gland Pharma rallies 8% on strong revenue growth in June quarter

Gland Pharma rallies 8% on strong revenue growth in June quarter

Shares of Gland Pharma rallied 8 per cent to Rs 4,087.65 on the BSE in intra-day trade on Thursday after the company reported strong revenue growth of 31 per cent year-on-year (YoY) at Rs 1,154 crore for the quarter ended June 2021 (Q1FY22). It had posted a revenue of Rs 884 crore in the year-ago quarter.

The stock was trading at its highest level since listing on November 20, 2020. In the past one month, it has outperformed Sensex by surging nearly 30 per cent as against a 0.44 per cent gain in the index.

IDFC soars 19% as RBI allows company to exit as promoter of IDFC First Bank

IDFC soars 19% as RBI allows company to exit as promoter of IDFC First Bank

Shares of IDFC soared 19 per cent to its 52-week high of Rs 62.60 on the BSE in intra-day trade on Thursday after the company said the Reserve Bank of India (RBI) has allowed it to exit as the promoter of IDFC First Bank as the five-year lock-in period expires. The stock of the non-banking finance company surpassed its previous high of Rs 60.25 touched on May 25, 2021.

IDFC currently owns a 100 per cent stake in IDFC Financial Holding Company, which, in turn, holds 100 per cent in IDFC Asset Management and 36.6 per cent in IDFC First Bank.

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