Sunday, October 4, 2026
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Paytm’s stock price surged by 5% as the RBI requests NPCI to examine a third-party app provider’s request

Paytm’s share price surged by 5% as the RBI instructed NPCI to review their request to become a third-party app provider for UPI payments. 

This move could allow Paytm to continue processing payments via UPI, but would require support from a group of selected banks.

 The RBI has also restricted Paytm Payments Bank from accepting new credits after March 15, 2024, to minimize risk in the UPI system. Paytm’s share price has seen a significant decline recently, dropping by nearly 44% in the last month and over 52% in three months.

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Reliance and Disney have agreed to combine their media businesses, according to a report

Reliance Industries Limited (RIL) and Walt Disney Co have reportedly signed a pact to merge their media operations in India. Under the agreement, Reliance and its affiliates are set to own a minimum of 61% in the combined entity, with Disney having the remaining stake. 

Disney has also agreed to sell 61% of its India business to Viacom 18 for approximately $3.9 billion. This move is anticipated to have a significant impact on the Indian media and entertainment industry.

 Previously, Sony of Japan’s merger plan with Zee Entertainment fell through due to disagreements over leadership. 

Disney has made previous attempts to establish a presence in India through various alliances. However, investor interest in Disney’s India business waned in 2022 after losing online streaming rights for the IPL tournament.

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Adani is exploring a potential partnership with Uber to enter the electric car market

Uber CEO Dara Khosrowshahi, currently visiting India, considers the country very important for the company. 

He views India not just as a market with great potential but as a crucial aspect of the company’s identity. Khosrowshahi praised India’s demanding customers and unique digital infrastructure, stating that Uber aims to be a part of India’s innovative growth. 

He emphasized the importance of being entrepreneurial and providing a cost-effective, quality service in India. Despite the challenges, he believes that Uber’s presence in India can be profitable in the long run, given the country’s market size and potential. 

Khosrowshahi is optimistic about expanding Uber’s driver base and increasing bookings in India, on par with other successful markets like Brazil.

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Adani Group is discussing with Uber to bring in electric cars for passenger transportation, according to a report

Adani Group is currently in discussions with Uber to introduce electric passenger cars, as reported. 

During Uber CEO Dara Khosrowshahi’s visit to India on February 24, a meeting was held with Gautam Adani. 

The talks included plans to bring Adani Group’s electric passenger cars onto Uber’s ride-hailing platform. The potential partnership may lead to integrating Uber’s services under Adani One, a platform offering various services like flight bookings, holiday packages, and cab bookings. 

Adani Group’s interest in entering the electric passenger vehicle segment aligns with this collaboration, as they aim to further expand their presence beyond commercial EVs. 

This partnership stands to benefit both Adani Group and Uber, as it could contribute to the adoption of electric vehicles in India and support Uber’s global goal of transitioning to a zero-emission mobility platform by 2040.

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JD Study Abroad Director Pradeep Kumar honored by Chief Justice of India in Gurugram

Pradeep Kumar

Pradeep Kumar, a renowned career consultant from Kanpur, was honored for his achievements at the Indian Glory Awards ceremony held in Gurugram! The event was also attended by former Chief Justice of India K.G. Balakrishnan, Mr. Madanlal who was part of the 1983 Cricket World Team, Ambassador of Denmark, Ambassador of Zambia, Creative Director Hemant Sood, Major General Sanjay Rai, World Peace Ambassador United Nations Organization Sangram Mali Supreme Court Justice Ananga Kumar Patnaik! Pradeep Kumar who has already been honored with other prestigious awards! Who is in his career counseling career Indian Glory Awards which was the first event of its kind in Gurugram provided a platform to express his views! Pradeep’s work was excellent! Which attracted the attention of the audience and the chief guest Chief Justice of India. Did! Expressing his gratitude, Pradeep said, I am truly honored to be recognized at such a prestigious event!It inspires me to continue my career guidance journey and contribute meaningfully to the world of career counselling!

Pradeep Kumar Ji started counseling in 2008. Today his organization has completed 16 years. Meanwhile, he has counseled more than 1 lakh students online and more than 20,000 students offline! His organization is www.jdstudyabroad.com in various cities. It also organizes career guidance seminars in India! Pradeep Kumar explains! When a student passes the senior secondary examination, he does not understand! In which direction to make a career! Which forms to apply, how to do it! By counseling such students, they Provide a direction!

Website: https://www.jdstudyabroad.com/

Journey of Mithila Art by a power couple.

Mithila Art

Sudip Srivastava and Smriti Srivastava ambition is to promote Indian Art and Culture worldwide. To fulfill their dream, they started Facebook group in the name of Madhubani Paintings and Art on May 2016.

Gradually this group recognize by each and every corner of Globe and reached a members strength of 2.25 Lacs (As on Dec-23).

Smriti Srivastava is Hons Graduate from Banaras Hindu University and Masters from Nagpur University. She worked as HR Associates in Corporates but by looking into her passion into Arts. She decided to leave corporate life and follow her dreams. She is also Mithila Art artist and having expertise in Mithila, Fabric and Gond Arts. She also got recognition from Government of India and got Artisan License in April 2023.

Sudip Srivastava Graduated from Calcutta University and Masters from NIIT, is having 26 years of working experience. He worked with corporates like Ceat Tyres, Reliance Industries and ICICI Bank. Expertise in Product launching, Sales, Marketing, Legal, Debt Management and Channel Management.

They launched online classes for Indian Folk Art in the month of May 2020. Till date this group successfully conducted more than 100 numbers of Folk Art workshop and taught more than 1500 students.

They are also pioneer in launching Cow dung treated handmade papers in organised way with all the sizes like Full Sheet(22×31) and A3, A4,A5 in spiral notepad form. The group is also having website as www.mpagalleries.com in which they promote Artist and help to sell their arts.

Our mission is to promote and preserve Indian Art and Culture by creating a global platform that celebrates the rich heritage of our artistic traditions. We aim to connect artists, art and cultural enthusiasts worldwide, fostering a sense of community and appreciation for the beauty that lies within our diverse art forms. Through our initiatives, workshops, and display gallery, we aspire to inspire creativity, empower artists, and spread the magic of Indian art to every corner of the globe.

Website: https://mpagalleries.com/

Facebook: https://www.facebook.com/groups/493823947479846/?ref=share_group_link

Animesh Raj Vardhan: A Journey from Adversity to Success, Paving Unconventional Paths

Animesh Raj Vardhan

In a narrative that defies the conventional trajectory of success, Animesh Raj Vardhan emerges as a self-made professional, whose journey is a testament to resilience, determination, and an unyielding spirit. Born into a family constrained by financial limitations, Vardhan’s story is one of overcoming adversity and carving out a unique niche in the professional world.

Raised in circumstances that denied him the luxury of formal education due to financial constraints, Animesh Raj Vardhan faced an uphill battle from the outset. Undeterred by these challenges, he took it upon himself to pursue knowledge and skills independently, setting the stage for a journey marked by tenacity and an insatiable thirst for success.

Vardhan’s professional journey commenced at a time when he was yet to attain a college degree, spurred by a sense of responsibility towards his family. In 2005, he secured a position as an MIS (Management Information Systems) executive at Wipro Technology, showcasing early signs of his innate talent for navigating the intricacies of the tech industry.

Within a mere six months of joining Wipro, Animesh Raj Vardhan achieved a remarkable feat by ascending to the role of a trainer, a testament to his rapid grasp of technology and his ability to adapt to the dynamic corporate landscape. His journey at Wipro not only demonstrated his technical prowess but also highlighted his dedication to continuous learning and professional growth.

In 2008, Vardhan embarked on a new chapter, leaving his role as a team leader at Wipro to join IndiaMart Intermesh, where he worked under the guidance of Dinesh Agarwal as a Content Lead. This transition was not without its challenges, as the shift in revenue was significant – a sacrifice Vardhan was willing to make in pursuit of broader professional horizons.

At IndiaMart Intermesh, Vardhan faced the formidable task of delivering 300 websites daily, a responsibility that demanded a blend of creativity, efficiency, and managerial acumen. Despite the initial financial disparity compared to his Wipro days, Vardhan’s dedication and commitment shone through, showcasing his ability to thrive in diverse work environments.

Venturing into the education domain, Vardhan contributed as a faculty member in the One Day Exam segment of India. His services were sought after by top IAS, IPS, PCS, and UPSC preparation centers, where he played a pivotal role in mentoring aspirants, resulting in numerous success stories in the domains of UPSC, LAW, and GATE.

Subsequently, Animesh Raj Vardhan assumed the role of Head of School of Lifelong Learning at Galgotias University, a position designed to oversee student placement. His outstanding contributions earned him recognition as the “placement man in India” by luminaries such as Azim Premji and Narayan Murthy.

Demonstrating his versatility, Vardhan then delved into jobs aligned with his passion for mountain climbing and rope access, showcasing a commitment to integrating personal interests with professional pursuits.

His journey culminated in the establishment of SLLEARNING EDUCATIONAL SERVICES LLP in 2019, a testament to his entrepreneurial spirit and commitment to education. Before this, he served as the Vice President, L&D for Barclays Bank, further solidifying his reputation as a multifaceted professional capable of navigating diverse industries.

Animesh Raj Vardhan’s narrative is a source of inspiration for individuals facing adversity, emphasizing the potential for success when met with resilience, determination, and a willingness to embrace unconventional paths. His journey serves as a beacon of hope, reminding us that true success transcends societal norms and can be achieved through unwavering dedication and a passion for continuous learning.

The Household Consumption Expenditure Survey 2022-23 reveals that over the past 11 years, rural areas have seen a larger increase in consumption expenditure compared to urban areas. 

Additionally, the portion of spending on food has decreased during this time period

The latest Household Consumption Expenditure Survey shows that the difference in average monthly spending between rural and urban households has decreased over the years.

 In 2022-23, rural households spent an average of Rs 3,773 per month, a significant increase from Rs 1,430 in 2011-12. Urban households, on the other hand, spent an average of Rs 6,459 per month in 2022-23 compared to Rs 2,630 in 2011-12. 

This indicates that rural spending has increased more than urban spending during this period. The survey also reveals that the bottom 5% of rural population spent Rs 1,373 on average, while the bottom 5% of urban population spent Rs 2,001.

 Additionally, the top 5% of the rural and urban population spent Rs 10,501 and Rs 20,824 respectively. These findings suggest that the gap between the spending of the rich and poor has widened.

 The survey also shows changes in spending patterns, with a rise in expenditure on non-food items and a decrease in expenditure on food items. 

Moreover, adjusting for the imputed cost of food grains distributed by the government, the average monthly spending was Rs 3,860 in rural areas and Rs 6,521 in urban areas.

 The survey, which is conducted every five years, was delayed due to the Covid-19 pandemic, but the latest results highlight important trends in consumption patterns in rural and urban areas.

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The founder of Byju’s states that he remains as the CEO despite 45% of shareholders voting against him

In a message to the staff, Raveendran clarified that despite claims from a minority group of shareholders about changing the leadership of the company, he remains the CEO, the current management team stays in place, and the board remains unchanged. 

He emphasized that only a small fraction of shareholders supported the resolution at the recent EGM, indicating limited backing for the proposed changes. 

Raveendran highlighted that the company’s governance structure is determined by established documents and laws, which were not followed during the meeting, rendering any decisions made invalid. 

Shareholders, including Prosus, have taken the matter to the National Company Law Tribunal, aiming to address governance and compliance issues at Byju’s.

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FM Nirmala Sitharaman believes that our governance model is worthy of examination by management students.

Nirmala Sitharaman highlighted that the main strength of her government lies in its transparency and use of technology to combat corruption.

 She emphasized the importance of studying the governance model adopted by her government in recent years, especially during challenging times like the Covid-19 pandemic and ongoing global conflicts.

 Sitharaman encouraged management students to analyze the government’s approach of minimum government and maximum governance, which focuses on responsiveness to public needs. 

She also praised the Digital Public Infrastructure (DPI) and Output Outcome Monitoring Framework (OOMF) as key tools that have improved transparency and efficiency in government operations. 

Additionally, she pointed out the collaborative and outcome-driven approach of the government as a key factor in its success. 

The inauguration of the new campus of BITS Pilani in the Mumbai Metropolitan Region was used as a backdrop to emphasize the government’s commitment to education and innovation.

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