Latest News Today Highlights, 13 Jul, 2024: Softbank exits Paytm at loss of around $150 million

The Tata Institute of Social Sciences Teachers Association (TISSTA) has publicly criticized the institute’s administration, accusing it of misrepresenting the current crisis regarding the non-renewal of contracts for 55 teaching and 60 non-teaching staff members.

In a statement released on July 10, TISS asserted that some faculty members and students were taking advantage of the institute’s transition from Tata governance to full Central government management to spread misinformation and discord.

Read More: ‘University misleading students, media and public’: TISS teacher’s body accuses institute of misrepresenting current crisis

Japan’s Softbank investment division Softbank Vision Fund left Paytm in the June quarter at a loss of almost $150 million, PTI reported. “Softbank has exited Paytm at a loss of 10-12 per cent. The total loss is around USD 150 million,” one of the sources said.

Read More: After Berkshire Hathaway, Softbank exits Paytm at loss of around $150 million

The government is poised to launch the ‘Agri Fund for Startups and Rural Enterprises’ (AgriSURE) to support agripreneurs. According to an official statement released on Friday, the fund would make sector-neutral investments, debt alternative Investment Funds (AIFs) and provide direct equity support to start-ups in the agriculture and related industries.

Read More: Boost for startups! Govt likely to launch AgriSURE fund worth Rs 750 crore

Mumbai experienced a major leap in infrastructure development when Prime Minister Narendra Modi inaugurated and laid the foundation stone for various projects totaling over Rs 29,400 crore on Saturday. Among the notable initiatives was the commencement of the twin tunnel construction for the Goregaon Mulund Link Road (GMLR) Project, with an investment exceeding Rs 6,300 crore.

Read More: PM Modi launches infra projects worth Rs 29,400 crore in Mumbai – A look at key projects

The Airports Economic Regulatory Authority of India (AERA) has more than doubled the user development fee (UDF) at Jaipur Airport to Rs 805 per passenger and introduced an additional charge of Rs 345 for arriving guests. Consequently, flying in and out of Jaipur is expected to become more costly.

Read More: Flying from Rajasthan’s capital city to get expensive as AERA doubles user development fee at Jaipur Airport

Israel announced on Saturday a major strike in the southern Gaza Strip, targeting Hamas’ military commander Mohammed Deif. The attack has resulted in at least 71 deaths, according to local health officials. It is unclear if Deif was among the casualties, but Israeli officials confirmed he and another Hamas commander, Rafa Salama, were the intended targets. Deif, Israel’s most wanted leader, is believed to be the mastermind behind Hamas’ October 7 attack on Israel.

Read More: Gaza officials confirm 71 killed in latest air strike; Israel says it was targeted to eliminate Hamas’ military chief

As the Paris 2024 Olympics approach, set to begin on July 26, the city of light is grappling with a significant ‘poop’ problem. This issue is so severe that it might lead to the cancellation or postponement of open water swimming events from the Olympic schedule. Let’s explore the situation in detail and examine what Parisian authorities are doing to address it.

Read More: Paris’ ‘poop’ problem may result in cancellation of Olympics open water swimming contests – What is the issue and what’s being done about it? | Explained

The breach in the Munak Canal, which caused flooding in Delhi’s Bawana area and disrupted water supply across the city, has been repaired. According to Water Minister Atishi, the Dwarka water treatment plant is expected to resume operations at 4 PM on Saturday.

The search operations are going on by the Nepal Police, Nepal Army divers, and armed police personnel. READ MORE

At least three people were killed and 14 others were injured when a bus carrying around 20 pilgrims collided with a parked truck from behind in Mayurbhanj district, Odisha, on Saturday.

Read More: Three dead, 14 injured as bus enroute Hyderabad to Gaya collides with parked truck in Odisha – Details here

The Indian Railways has announced that it has added 92 general coaches in 46 long-distance trains. READ MORE

Mumbai experienced rainfall on the morning of July 13, leading to waterlogging and traffic disruptions in several areas.

Read More: Mumbai Rainfall: IMD issues ‘high tide’ warning for Saturday evening, orange alert amid heavy rain

Three gangsters, including two suspected shooters involved in a recent murder at West Delhi Burger King, were killed on Friday in a combined operation by Haryana Police and the Delhi Crime Branch in Sonipat.

Read More: Gangsters linked to West Delhi Burger King murder fatally shot in police operation, here’s how it went down

The Enforcement Directorate (ED) arrested former state Minister and Congress leader B. Nagendra on Friday night in connection with a Rs 94.73 crore money laundering case involving the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Limited. The four-time MLA will appear before a special PMLA court on Saturday, where the ED will seek his remand for custodial interrogation.

Read More: ED arrests ex-Karnataka Minister B Nagendra in Valmiki corporation scam case

According to Bheshraj Rijal, DSP at the District Police Office in Chitwan, teams have been deployed, and it is expected that the search operation will proceed more smoothly due to the receding water levels compared to yesterday. The cessation of rainfall will also help expedite the search. Over one hundred personnel from the Nepal Army, Armed Police Force, and Nepal Police, including divers, have been deployed, ANI reported.

The Election Commission began vote counting for Assembly by-elections in 13 constituencies across seven states and is currently in progress. The results are expected by today evening.

Read More: By-election Results 2024: Counting of votes underway

Heavy rain drenched New Delhi today, leading to waterlogging in several areas and resulting in relief from the scorching weather. The India Meteorological Department has predicted heavy rainfall for Northeast, Southwest, and Eastern India for the next couple of days.

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The MHA has amended Jammu and Kashmir Reorganisation Act to give more power to the Lieutenant Governor.

Dhalai district administration imposed prohibitory orders under Section 144 in the Gandatwisa subdivision, formerly known as Gandacherra after a person was allegedly attacked and killed by four miscreants, ANI reported.