Daily Updates and News

Paytm Acquires Hyper-local Marketplace Near.in, Aims To Expand Across Online-to-Offline Space

 

Paytm has acquired online hyper-local services marketplace Near.in for a cash-and-stock deal estimated between $1.5 million to $2 million, reports ET. This is the first acquisition made by Paytm since the $680 million funding it secured from Alibaba Group and Ant Financial. Gurgaon-based Near.in was founded by Lomesh Dutta, Sunil Goyal and Akshay Khanna.

 http://www.nextbigwhat.com/paytm-near-acquisition-297/

Jio Chat Is Now Available Across 9 Countries Including China, USA, UK

 

Jio Chat, the instant messaging app from Jio is now available across nine countries, including India. Customers in Canada, United States of America (USA), United Kingdom, United Arab Emirates South Africa, Singapore, Australia and China can now download Jio Chat and chat on iOS and Android devices.

 http://www.nextbigwhat.com/jio-chat-is-now-available-across-9-countries-usa-uk-297/

Tata Trusts Signs 5 Year Partnership With Khan Academy To Drive Localization

 

Tata Trusts has entered into a five-year partnership with Khan Academy to provide 'free' world-class educational resources in Mathematics and Science in local languages. The new development surfaced after the Academy recently introduced Hindi Tutorials on its platform. Tata Trust is the principal shareholder of the $109 billion Tata Group.

http://www.nextbigwhat.com/tata-khan-academy-297/

Time to rethink the role of the Rajya Sabha

Rajya Sabha needs to be reformed to get the institutional incentives right ....

http://www.livemint.com/Opinion/afJGgl6KZ4qmwdWQR1agzM/Time-to-rethink-the-role-of-the-Rajya-Sabha.html#ref=newsletter

JP Morgan AMC manages to recover 85% of Amtek bond dues

In August, the net asset values of JSTI and JTF sank sharply on the back of a downgrade in Amtek Auto’s own credit rating ....

http://www.livemint.com/Home-Page/KTnUNO51YM2tJnGZiZFbqK/JP-Morgan-AMC-manages-to-recover-85-of-Amtek-bond-dues.html#ref=newsletter

Pricing emerges as first hurdle for masala bonds

50bps gap between the price quotes of issuers and investors, and Fed meet on 16 Dec keeping bond buyers away....

http://www.livemint.com/Money/yPfAcpEvx2m2ed0d6PHo5N/Pricing-emerges-as-first-hurdle-for-masala-bonds.html#ref=newsletter

Acid attack: SC asks states, UTs to give free treatment...

Acid attack: SC asks states, UTs to give free treatment
The Supreme Court today directed all the states and union territories (UTs) to compensate, rehabilitate and provide free treatment to the survivors of acid attacks in pursuance of guidelines issued by it earlier.
A bench of justices M Y Eqbal and C Nagappan gave the direction while dealing with a case of an acid attack victim from Bihar.
The court asked the Bihar government to pay a compensation of Rs 10 lakh to the victim, besides providing her free treatment including reconstruction surgery.
The bench also asked the states and UTs to provide all kind of help to such victims as provided in an earlier judgement.
The present matter was brought before the apex court by Bihar-based NGO Parivartan Kendra which has sought it’s direction on rehabilitation of acid attack victims, alleging that private hospitals were not providing free treatment to the victims.
Earlier, the court had come to the aid of acid attack survivors by issuing directions including an order to all private hospitals across the country to provide free treatment, including medicines and expensive reconstruction surgeries, to such victims.
It had asked all state governments and Union Territories to “take up the matter with private hospitals” to ensure acid attack victims are attended to immediately and adequately.
The hospitals, where such victims are rushed after the incident, would have to provide a certificate or document stating that the person was an acid attack victim and the document would enable her or him to access free treatment, including surgeries, at a later stage, it had directed.
On the banning of off-the-counter acid sale across the country, it had asked all states and UTs to notify acid as a “scheduled substance” to stop its unregulated sale.
The court had also said its order should be sent to Chief Secretaries of all states and UTs, who in turn, would ensure that it reached district magistrates for compliance and directed them to publicise it to ensure awareness among the people.
( Source – PTI )

Thanks & Regards,

Meetesh Shiroya