india
Zomato has agreed to acquire Paytm’s entertainment and ticketing business for ₹2,048.4 crore or $244 million, as the food delivery giant aims to strengthen its presence in the “going-out” sector. Meanwhile, Paytm, facing challenges, intends to concentrate on its core financial services. On Thursday, One97 Communications- the listed stock of Paytm’s parent company One97 Communications gained more than 5% in its share price on the back of the news, however at 12:27 pm it was trading at 1% below yesterday’s close. Zomato opened 1.5% higher than yesterday’s close but at 12:27 pm it was in the red ...
Invezz
The Tata Steel share price is stuck in a correction phase after falling by over 15% from its highest point this year. It was trading at ₹153.85 on Thursday, up by about 8% from its lowest point this month. Tata Steel stock has done better than rivalsSteel stocks are not doing well this year as the industry goes through a major challenge. As shown above, only Tata Steel stock has risen this year, with the others like ArcelorMittal, JFE Holdings, Nucor, and Posco Holdings being in the red. This trend is happening as signs emerge that the global economy is slowing. China, the second-biggest econo...
Invezz
Indian stocks are doing well this year even as the rupee sits at a record low. The USD/INR exchange rate has moved to 83.93, 32% above its lowest point in 2018. The Nifty 50 and BSE Sensex indices have continued soaring and were nearing their all-time high. The BSE Sensex has risen for three consecutive weeks and was trading at ₹80,905, close to its all-time high of ₹81,998. Similarly, the Nifty 50 index has risen to ₹24,817, near its all-time high of ₹25,105. It has soared by more than 230% from its lowest point in 2020. This article looks at some of the most active stocks in India like Yes B...
Invezz
Zomato has announced it will acquire Paytm’s entertainment and ticketing business for Rs 2,048 crore ($244.2 million), marking a significant move in its strategy to diversify beyond food delivery and strengthen its presence in the lifestyle services market. The deal, approved by both companies on August 21, underscores a strategic shift for both Zomato and Paytm, each seeking to optimize their business models in an evolving market landscape. For Zomato, the acquisition is part of a broader effort to expand into the ‘going-out’ segment, a market that encompasses dining, entertainment, and socia...
Invezz
By Aishwarya KUMAR Bangalore (Inde) (AFP) - Radhika, une médecin indienne de 28 ans, rêvait depuis son plus jeune âge de sauver des vies, mais depuis le viol et le meurtre d'une de ses collègues elle s'inquiète pour sa sécurité. La découverte le 9 août du corps ensanglanté d'une femme médecin de 31 ans dans l'hôpital public de Calcutta où travaille Radhika a suscité l'indignation à travers tout le pays. Son meurtre et son viol ont mis en lumière les dures conditions de travail de femmes médecins, en proie à la peur. "J'étais de service de nuit deux jours avant cet incident", explique Radhika q...
AFP (Français)
By Nidhi Jacob A viral social media post claiming that The Washington Post published an article about the U.S.-based Sikh separatist leader Gurpatwant Singh Pannun staging an attack on himself is fake. BOOM found that there is no such news article, and the screenshot in the post has been photoshopped. We also contacted a spokesperson from The Washington Post who confirmed that the screenshot is fake. According to the claim, U.S. intelligence agencies assessed that Pannun might have staged an attack on himself. The fake screenshot also alleges that after a year of investigation, no evidence has...
BOOM Live
By Bhuvan BAGGA Malegaon (Inde) (AFP) - Dans l'ombre de la capitale indienne du divertissement, Bombay, la ville de Malegaon, située à une demi-journée de route, voit émerger des talents du cinéma indien qui bâtissent leurs succès loin des paillettes de Bollywood. Parmi eux, Shaikh Nasir, cinéaste indépendant originaire de cette ville située dans l'Etat du Maharashtra, à environ 180 km au nord de Bombay, fait figure de pionnier. "Le cinéma est, et a toujours été, notre échappatoire à la vie de tous les jours et à nos luttes quotidiennes", souligne-t-il. A 50 ans, Shaikh Nasir verra bientôt son...
AFP (Français)
The $8.5 billion merger between Reliance Industries and Disney’s media assets in India has hit an obstacle, as the Competition Commission of India (CCI) raises concerns over its potential impact on market competition. This development could have far-reaching consequences for the future of cricket broadcasting in the country, a market dominated by the sport’s immense popularity. The CCI’s preliminary assessment suggests that the merger, which would grant the combined entity considerable control over cricket broadcast rights, might stifle competition in the sector. Given cricket’s central role i...
Invezz
By Bhuvan BAGGA and Sailendra SIL in Kolkata New Delhi (AFP) - La Cour suprême indienne a ordonné mardi la création d'un groupe de travail pour renforcer la sécurité du personnel soignant après le viol et le meurtre d'une jeune médecin à Calcutta. Le président de la Cour, Dhananjaya Chandrachud, a précisé que cette nouvelle instance, composée de médecins, devra préparer un plan de prévention de la violence dans les établissements de santé et un "protocole" pour établir des conditions de travail sécurisées. La découverte du corps ensanglanté d'une doctoresse de 31 ans dans un hôpital public, le...
AFP (Français)
Binance anunció recientemente su regreso a la India con motivo del 78º día de la independencia del país, marcando un nuevo comienzo para la adopción de criptomonedas en una de las economías digitales de más rápido crecimiento del mundo. Sin embargo, el exchange todavía se enfrenta a una demanda fiscal de USD 86 millones por parte de las autoridades indias en virtud del Impuesto sobre Bienes y Servicios. El regreso de Binance a la India es la culminación de un complejo proceso regulatorio. En diciembre de 2023, la Unidad de Inteligencia Financiera (FIU) del Ministerio de Finanzas de la India em...
Cointelegraph ES
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