Macquarie has further cut the price target for the Paytm stock

Morning Masala Tea
11 January, 2022

News Today:

Third dose process smooth on first day 

According to data available in the CoWIN dashboard, the country administered 1,051,456 third doses to the eligible population with maximum (179,339) doses being given around 1 pm. Nearly 315,000 doses were administered to senior citizens with comorbidities. People familiar with the developments said the vaccination process turned out to be smooth with no major glitches. HT

Delhi expected to record spells of moderate fog and dip in temperature

Minimum temperatures in Delhi have started dipping once again, and could touch six degrees Celsius by Saturday, according to a forecast by the Met department, after consecutive western disturbances kept the city’s nights warmer than usual for much of the previous week.Colder north-westerly winds blowing from the snow-clad mountains will aid the dip in temperatures, with Delhi also expected to record spells of moderate fog for the remainder of this week, with a possibility of dense fog as well. HT

Macquarie has cut the price target for the Paytm stock by 25 per cent to Rs 900 

Shares of One 97 Communications, which owns the Paytm brand, fell sharply by over 6 per cent on Monday to hit its all-time low of Rs 1,151 before closing at Rs 1,157.9. The shares came under pressure following news that HDFC Mutual fund, one of the four mutual funds that were anchor investors in its IPO, significantly reduced its holding of Paytm across two schemes in the month ended December 2021. Indian Express

Read more Paytm IPO : Should you invest ?

Centre on Monday said only five to 10 per cent of the active Covid cases needed hospitalisation 

Even as the daily Covid-19 cases continue to surge rapidly, the Centre on Monday said only five to 10 per cent of the active Covid cases this time needed hospitalisation so far. However, the situation is dynamic and may change rapidly, it added. During the second wave, the percentage of active cases requiring hospital care was in the range of 20-23 per cent. Indian Express

Imran Masood joined the Samajwadi Party (SP)

In a major setback to the Congress, Imran Masood, the party’s prominent Muslim face in western Uttar Pradesh, has switched camps and joined the Samajwadi Party (SP). On Monday, after a massive show of strength, with supporters carrying him on their shoulders, Mr. Masood said, “We have decided to uproot the fascist government of the BJP, and only SP and its agenda of development can do it. Hindu

 

Note: No regional Language news today

 

Google Trends Today

No Mixing of vaccine 

Those who received two doses of Covishield (manufactured by Serum Institute of India) will receive the same vaccine as the third dose. The same goes for Covaxin (manufactured by Bharat Biotech International Ltd) and Sputnik.

World Hindi Day on 10 January

आज, 10 जनवरी 2022 को विश्व हिंदी दिवस है। वर्ष 2006 में भारत के तत्कालीन प्रधानमंत्री मनमोहन सिंह द्वारा 10 जनवरी को विश्व हिंदी दिवस के तौर पर हर वर्ष मनाए जाने की घोषणा की गयी थी। इसके बाद बाद से ही हिंदी दिवस को आज के दिन हर वर्ष मनाया जाता है।.

Bob Saget has died at age 65

Actor, comedian and director Bob Saget has died at age 65. The Orange County Sheriff’s Office in Florida said deputies were called to the Ritz-Carlton in Orlando on Sunday after an unresponsive man was found in a hotel room.

 

Compiled from Google Trends

 

Twitter Trends 

  1. NYC apartment fire kills at least 19 people, including 9 children
  2. Paytm’s stock down over 40% since listing; here’s why analysts expect it to sink deeper
  3. In a first, astronomers watch a dying star explode in real-time

 

Compiled from Twitter

Startup
24 February, 2024

Byju’s, once heralded as a flagship in India’s edtech sector, is grappling with severe financial and operational challenges, marked by a dramatic valuation drop. The company, which sought to stabilize its operations and finances, is now raising funds at a valuation significantly lower than its peak. This development comes amid efforts to address a substantial debt burden, with Byju’s proposing a repayment plan for its $1.2 billion loan. Investor confidence appears shaken, with some stakeholders pushing for drastic changes in leadership to navigate the crisis effectively. The turmoil reflects broader sectoral pressures and raises questions about the sustainability of high-growth trajectories in the edtech industry

Energy
10 February, 2024

Australia’s energy market is witnessing significant transitions and investments aimed at bolstering renewable energy infrastructure and securing gas supplies. Key developments include a $179 million investment by the Queensland Government for community battery projects, Santos’ $5.7 billion gas pipeline project following a legal battle win, and a $206 million energy savings package for NSW households. Additionally, the Australian government has secured new gas supply deals to support the east coast market, emphasizing the role of gas in transitioning to a renewable grid.

India 2024
9 February, 2024

The latest opinion polls, including the Mood of the Nation survey by India Today, predict a comfortable victory for Prime Minister Narendra Modi’s BJP and its allies in the National Democratic Alliance (NDA), with a projected win of 335 Lok Sabha seats in the 2024 general elections. This forecast suggests a slight decrease from the 2019 elections but still ensures a majority. The survey, involving interviews with over 149,000 respondents, reflects Modi’s enduring popularity based on his nationalist policies and economic reforms. Other polls echo these findings, although seat projections vary slightly. The opposition INDIA alliance is expected to secure a significant number of seats, yet not enough to challenge the NDA’s majority. These predictions highlight a political landscape that remains largely favorable to Modi and the BJP as the election approaches