At least 10 people were hurt when terrorists tossed a grenade into a busy Sunday market in Srinagar. This attack happened near the Tourist Reception Centre, just a day after security forces killed a commander from the Lashkar-e-Taiba group. Local officials condemned the violence and stressed the need for better security.
Dr Reddy’s Laboratories is recalling over 330,000 bottles of Cinacalcet tablets in the US because of problems during production. The recall happened after they found an impurity that is above the FDA’s safety limits. The affected products come in different strengths and were made in India.
Kuku FM, a platform for audio in local languages, saw its revenue soar by 114%, reaching INR 104.1 Cr for the financial year 2024. Although total spending went up by 21% to INR 200 Cr, losses fell to INR 96 Cr. The platform has over 25 million paying users and offers a wide range of audio content.
PhonePe, supported by Walmart, has grown from a simple UPI app into a major tech player with impressive revenue. For the financial year 2024, it made over INR 5,000 crore, becoming the second Indian startup to hit this mark. PhonePe’s leadership mixes different management styles, helping it efficiently expand into various financial services.
Four railway contract workers died after being hit by the Kerala Express in Palakkad, Kerala. The accident happened while they were cleaning up trash near the tracks. Investigations are ongoing to find out what caused the incident.
A 3.4 magnitude tremor hit Kutch district in Gujarat early Sunday morning. The Institute of Seismological Research reported no injuries or damage. The tremor struck at 3:58 AM, 53 km north-northeast of Lakhpat. Gujarat has seen significant earthquakes before, including a major 6.9 magnitude quake in 2001.
Apollo Hospitals is set to invest ₹6,100 crore to add more than 3,500 beds in 11 locations by FY26. This plan includes a new 500-bed hospital in Worli, Mumbai, and an expansion in Lucknow. The goal is to improve healthcare access and quality in India.
Swiggy’s upcoming IPO is valued at ₹11,327 crore and will open on November 6, 2024. The company wants to take advantage of India’s growing digital economy, even though it’s currently operating at a loss. Investors are curious if Swiggy can beat its rival Zomato, which has recently gained ground in quick commerce.
Meta India’s net profit jumped 43% to Rs 505 crore in FY24, thanks to a 24% rise in gross ad revenue, which hit Rs 22,730.7 crore. The company’s revenue from operations grew by 9.3% compared to the previous year, showing strong growth in online advertising as more people in India go digital.
A video of men lighting firecrackers from the roof of a moving car in Chandigarh has caused a lot of anger, leading to police action. This happened on October 31. Chandigarh Police promised to take action against the people involved.