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Paytm Payments Bank MD and CEO Surinder Chawla quits

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Paytm Payments Bank MD and CEO Surinder Chawla quits

Surinder Chawla. File photo: paytmbank.com Beleaguered Paytm Payments Bank’s managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on April 9. Mr. Chawla’s resignation comes amidst Paytm Payments Bank facing prohibitory action from banking regulator RBI. Also read: The Paytm Payments Bank debacle | Explained “Surinder Chawla, Managing Director…

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Business

Markets settle lower after hitting record peaks in intra-day; Sensex breaches 75,000-milestone

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Markets settle lower after hitting record peaks in intra-day; Sensex breaches 75,000-milestone

The BSE benchmark jumped 494.28 points or 0.67% to settle at a new closing peak of 74,742.50 on April 8. File. | Photo Credit: Reuters Benchmark equity indices ended marginally lower on April 9 amid profit-taking after the BSE Sensex breached the historic 75,000-mark for the first time ever in early trade and the Nifty…

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Business

Byju’s starts paying March salary to employees; blames miffed investors’ action for delay

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Byju’s starts paying March salary to employees; blames miffed investors’ action for delay

Photo used for representation purpose only. | Photo Credit: Reuters Edtech firm Think and Learn, owner of Byju’s brand, has started paying March salaries to its employees after a delay of nine days and the payout process is expected to complete in next 10 days, according to sources. The company in a communication to employees…

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Business

U.S. FDA issues warning letter to Natco over facility near Hyderabad

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U.S. FDA issues warning letter to Natco over facility near Hyderabad

Natco Pharma had said at the time that it was confident of addressing all the observations within the stipulated time and working with the U.S. FDA to close them at the earliest. | Photo Credit: Reuters The United States Food and Drug Administration (U.S. FDA) has issued a warning letter to Natco Pharma over quality…

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Business

Airlines struggle with lack of planes as summer travel set to hit record levels

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Airlines struggle with lack of planes as summer travel set to hit record levels

Some carriers are trimming their schedules to cope with the lack of available planes.  File | Photo Credit: Reuters The global airline industry is facing a summer squeeze, with travel demand expected to surpass pre-pandemic levels while aircraft deliveries have dropped due to production problems at Boeing and Airbus. Air carriers are spending billions on…

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Business

Gutkha, stones and condoms found in samosas supplied to automobile firm

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Gutkha, stones and condoms found in samosas supplied to automobile firm

Five persons were booked after condoms, gutkha and stones were allegedly found in samosas supplied to a major automobile firm in Pune. Image for representation purposes only. | Photo Credit: Pixabay Five persons were booked after condoms, gutkha and stones were allegedly found in samosas supplied to a major automobile firm in Pimpri Chinchwad in…

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Business

Stock market today: Sensex breaches historic 75,000-mark for first time ever; Nifty climbs to new record peak

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Stock market today: Sensex breaches historic 75,000-mark for first time ever; Nifty climbs to new record peak

 The BSE benchmark jumped 494.28 points or 0.67% to settle at a new closing peak of 74,742.50 on April 8, 2024. File | Photo Credit: Reuters Benchmark equity indices continued their record-breaking rally on April 9, with the BSE Sensex breaching the historic 75,000-mark for the first time ever in early trade and the Nifty…

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Business

March is tenth straight month to be hottest on record, scientists say

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March is tenth straight month to be hottest on record, scientists say

Since last June, the globe has broken heat records each month, with marine heat waves across large areas of the globe’s oceans contributing. File | Photo Credit: AP For the tenth consecutive month, Earth in March set a new monthly record for global heat — with both air temperatures and the world’s oceans hitting an…

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Science

Russia to launch Angara rocket for first time from Vostochny Cosmodrome

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Russia to launch Angara rocket for first time from Vostochny Cosmodrome

This handout picture released by the Russian Roscosmos space agency on April 8, 2024 shows a heavy-class Angara-A5 rocket at the launch pad of the Vostochny cosmodrome in the Amur region on the eve of its launch. | Photo Credit: AFP The first launch of the Angara A5 space rocket from Russia’s Vostochny Cosmodrome will…

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Science

A freak DNA change 25 million years ago is why humans lack tails

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A freak DNA change 25 million years ago is why humans lack tails

One of the most striking anatomical features in apes, and which sets them apart from monkeys, is the absence of a tail. All mammals have a tail at some point during their development, but apes – including humans, chimpanzees, bonobos, gorillas, orangutans, and gibbons – lose them in utero, leaving behind three to five vestigial…

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Science