Page 5 - Representative Image News Today

One person died as a stone quarry collapsed in Aizawl, Mizoram, amid incessant rain. The incident occurred between Melthum and Hlimen. Rescue operations are ongoing amidst landslides. National Highway 6 at Hunthar is blocked, and schools in the state are closed. Intra-state highways are disrupted.

The beleaguered Indian fintech company Paytm is reportedly planning to lay off close 6,000 of its employees, according to a report from the Financial Express. According to the report, due to its streak of losses, the entity is looking to stabilise by resorting to some cost-cutting. This exercise may save the company an amount in excess of Rs 500 crore.

This change in attitude is driven by escalating tuition costs and the mounting burden of student debt.

British Retail Consortium: "After a number of months of falling input prices, we are now seeing food inflation stabilise and retailers continue to pass on price cuts to shoppers," said Mike Watson, head of retailer and business insight at NielsenIQ, which provides data for the BRC.

Basmati Rice Export Prices: Export price of basmati rice falls below government-fixed minimum export price, impacting global buyers and domestic prices. Concerns arise over MEP changes, basmati trade competitiveness, and price pressure.

The central bank increased the risk capital requirements for unsecured loans to NBFCs to 125% in November last year from 100% prompting banks to realign their strategies and strengthen their underwriting process.

After posting a bigger-than-expected gain in March, the spring housing market has taken a downward turn as home sales fell 4.7% in April.

The Noida Authority submitted a report to the UP government on cancelled commercial plot allotments. The real estate company M3Ms subsidiaries had their allotments cancelled for alleged violations. The cancellation left investors and property buyers worried, with over 1,400 customers having invested in the projects.

Electronics Companies: It added that the component ecosystem would take at least 2-3 years to start commercial production. Once it takes off, domestic manufacturing of components should be able to cater to 5-10% of global demand in 6-7 years, ICEA said, adding international firms should be invited to get a major share in the domestic and global component manufacturing market.

Chens frustration boiled over when Liangliang struggled with a math problem. Initially, the boy appeared unharmed, but the next day he was rushed to the hospital in pain, where doctors diagnosed his ruptured spleen, a potentially life-threatening condition.