Paytm has received the government's approval for its ₹50-crore investment in its subsidiary Paytm Payment Services, Financial Services Secretary Vivek Joshi told Reuters. The investment will allow the subsidiary to resume business operations and Paytm can now approach RBI to seek a payment aggregator license. Following the news, shares of Paytm rose 10% to hit upper circuit at ₹508.85/share.

Radhika Gupta, CEO of Edelweiss Mutual Fund, warned on X about young people funding lavish lifestyles through risky trading. She cited the Economic Survey 2023-24, noting a rise in retail investors to 9.2 crore, up from 2.7 crore in FY19. Young investors in derivatives face high risks, which could harm the economy if significant losses occur.

Days after the Modi 3.0 government’s new budget, AAP MP Raghav Chadda criticized the income tax system in parliament, saying, "We pay taxes like England but receive services like Somalia." He highlighted the high tax burden on common people and questioned the government on what people get in return. The NDA defended the budget, while opposition leaders protested outside Parliament.

Google CEO Sundar Pichai has received an honorary doctorate from his alma mater, IIT-Kharagpur. Sharing the pictures, he wrote, "My parents always hoped I would get my doctorate, I think an honorary one still counts." His wife Anjali Pichai was awarded the Distinguished Alumnus Award at a ceremony held in San Francisco in the US, a statement revealed.

Noida-based Aman Birendra Jaiswal shared a video showing an Ola delivery agent eating the food he ordered. The clip shows the agent telling him, "Haan toh karte raho jo karna hai (do whatever you want to)." Jaiswal revealed he asked ₹10 extra to deliver the food. "After chasing them for three days, Ola responded after video went viral," he added.

The festive season in India, starting around Ganesh Chaturthi is a big season for sales. Indian online shopping habits are evolving, with a significant rise in demand for same-day and next-day deliveries, especially for non-essentials. And this is leading to a very busy season for logistics.

Chinmay Tanshikar grows organic vanilla on his farm in Sanguem, Goa. He earns around ₹15 lakh per acre and reported a profit in 2020-21 by selling at ₹30,000 a kg due to high demand. His customers are restaurants and supermarkets. Vanilla is the world's second-costliest spice, making it a profitable crop.

Minister of State for New and Renewable Energy (MNRE), Shripad Yesso Naik on Thursday held discussions with industry representatives on the production-linked incentive (PLI) scheme and other incentives to promote Indian manufacturing in the renewable energy sector. He assured full support to renewables from MNRE, highlighting commitment to a low-carbon transition.

OpenAI has launched SearchGPT, a temporary prototype of new AI search features that rivals Google Search. The model, which will be launched to a small group of users and publishers for feedback, combines AI with information from web to give users timely answers with clear and relevant sources, OpenAI said. SearchGPT's best features will later be incorporated into ChatGPT.

RBI issued a draft on Basel III liquidity standards, requiring banks to set aside more funds. The RBI said banking has undergone rapid transformation in recent years. While increased usage of technology has facilitated the ability to make instantaneous bank transfers and withdrawals, it has also led to a concomitant increase in risks, requiring proactive management.