Stay updated with breaking news from Representative Image. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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.