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07 Dec

Unable to pay dowry, Kerala doctor kills self

Priyanka Bhowmick0 CommentsIndia, Crime, EconomyIndia

A 26-year-old doctor committed suicide in Kerala's Thiruvananthapuram, allegedly after her boyfriend refused to marry her as her family could not meet dowry demands. State Health Minister Veena George has ordered an inquiry into the death of Dr Shahana, who was pursuing a post-graduate course at the Department of Surgery, Government Medical College, Thiruvananthapuram. The police have registered a case against the lover under the Abetment to Suicide and Dowry Prevention Act. They recorded the statement of the woman's relatives. According to local media reports, Dr. Shahana lived with her mother and two siblings. His father, who worked in the…

06 Dec

Paytm eyes to bring 10 mn merchants on ONDC platform in next two years: Vijay Shekhar Sharma

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Vijay Shekhar Sharma, CEO and founder of Paytm parent One97 Communications, said on Monday that the company is considering bringing 10 million merchants by 2025 to the government-backed Open Network for Digital Commerce, adding that the firm has routed around 11.8 million customers from its products from the platform, news agency PTI reported. "Paytm's ecosystem is built around small merchants and our mission is to help small merchants and small businesses be part of the mainstream economy. We have done that through payments. We have paid new customers who want to get new customers. That's where ONDC comes in. We…

05 Dec

Byju’s founder pledges homes for staff salaries

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Byju Raveendran, the founder of Indian ed-tech company Byju's, pledged his home and those owned by his family members to raise money to pay his employees, Bloomberg News reported on Monday. The assets include two homes owned by the billionaire founder's family and an under-construction villa in the southern Indian city of Bangalore as collateral for a $12 million loan, the report said, citing people familiar with the matter. The surplus of funds will help pay the 15,000 employees of the troubled company's parent Think and Learn Pvt Ltd, the report added. The company is facing several setbacks, including investors…

04 Dec

Akshay Kumar’s ‘Housefull 5’ release date postponed to 2025

Priyanka Bhowmick0 CommentsIndia, EntertainmentEntertainment, India

The release date of Akshay Kumar's much-awaited film 'Housefull 5' has been postponed. Earlier, this comedy entertainer was scheduled to release in Diwali 2024.However, on Monday, the makers issued an official statement stating that 'Housefull 5' will hit the screens in 2025.In 2010, Akshay Kumar and Sajid Nadiadwala teamed up for 'Housefull'. Now, decades later, the franchise is set to begin filming for its fifth installment. Housefull 5' will now release on June 6, 2025 Sajid Nadiadwala confirmed in a statement, “The Housefull franchise owes its massive success to the audience, and we expect a similar reception for Housefull 5.…

02 Dec

Adani Group plans to invest Rs 7 trillion in infra projects over next 10 yrs

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Billionaire Gautam Adani-led Adani Group plans to spend `7 lakh crore ($84 billion) over the next decade, mainly on infrastructure, Adani Group Chief Financial Officer Jugeshinder Singh said on Friday. It's the largest investment announced by the port-to-power company since the stock route, thanks to a report by US-based short-seller Hindenburg Research earlier this year. "Our capex will grow to operate and develop infrastructure," Singh said, without disclosing further details. On the fundraising plans, Singh said that between Adani Ports and SEZ, Adani Green Energy, Adani Power and Adani Enterprises, airports and roads will soon tap into the domestic bond…

02 Dec

Center notifies guidelines against ‘dark patterns’

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

The government has banned the use of "dark patterns" — intentionally designed deception — by e-commerce and all other online platforms when selling products and services that manipulate customers and force them to sign up or buy products they don't mean or tempt them to buy more expensive products. The government has informed the adoption of this as an "unfair trade practice". Under the Consumer Protection Act, offenders can face fines and disciplinary action from the Central Consumer Protection Authority (CCPA) and can also be prosecuted before the Consumer Commission. In a Gazette Notice issued by the CCPA titled "Guidelines…

01 Dec

Celebs express happiness and pride on social media, applauds rescue team that pulled out 41 trapped workers

Business Correspondent0 CommentsIndia

Huge celebrations took place in the house of those workers who had spent their hard times in the collapsed part of Uttarakashi's Silkyara tunnel for 17 days. The team members of 22 agencies NDRF, BRO, Indian Army, Indian Air Force, NHIDCL, SJVNL, THFCL, RVNL, ONGC, Coal India and others worked hard under the rescue operation which was of 400 hours and finally succeeded in rescuing them safely on Tuesday night (28th December 2023). Actor Akshay Kumar took to Instagram to express his happiness and pride, commending and applauding the full hearted efforts of the rescue team engaged in this remarkable…

01 Dec

Vir Das thanks Priyanka Chopra Jonas for her handwritten note and flowers after Emmy win

Priyanka Bhowmick0 CommentsEntertainment, IndiaEntertainment, India

Stand-up comic Vir Das on Thursday thanked Priyanka Chopra Jonas for her wishes on winning her International Emmy Award and praised the actor for opening doors for the rest of the Indian talent from around the world. On November 20, Vir Das became the first Indian to win an International Emmy for his Netflix stand-up special Veer Das: Landing in the Best Comedy category. The 41-year-old shared a congratulatory note and a picture of chopra jonas, founder of production house Purple Pebble Pictures. On the microblogging site X, Vir Das wrote, "Thank you @priyankachopra for the flowers and for every…

01 Dec

India’s 5G subscriptions to reach 130 mn just 14 months after launch of Jio

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

India will have 130 million 5G users by the end of this year, just over a year after consumer 5G services are launched in the country. The number of 5G users in India has tripled from last year — and is expected to grow to 860 million subscribers by 2029, according to the Ericsson Mobility Report 2023 released on Thursday. Last year, Ericsson based India's 5G subscriber base at 31 million users, a 4-fold increase in 2023 itself. Over the next six years, 5G subscribers will grow 6.6x, while 4G subscribers—estimated at 870 million at the end of this year—will…

30 Nov

Radhakishan Damani tops list of ‘200 self-made entrepreneurs of Millennia

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Radhakishan Damani, veteran investor and founder of retail chain D-Mart, has topped the list of top 200 self-made entrepreneurs of the Millennia 2023, with a market capitalization of Rs 2.38 lakh crore. He is closely followed by Binny Bansal and Sachin Bansal, founders of e-commerce behemoth Flipkart, with an equity value of Rs 1.19 lakh crore, according to an report of IDFC First Private Hurun India published on November 30. The list also includes Zomato's Deepinder Goyal and Dream 11 promoters Bhavit Sheth and Harish Jain, with a market cap of Rs 86,835 crore and equity value of Rs 66,452…