Paytm wins RBI preliminary nod for wallet operations; shares hit 52-week high

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The Reserve Bank of India has given Paytm's payments arm preliminary approval to run its prepaid payment instruments. The clearance has pushed the stock of parent One 97 Communications past Rs 1,900, a 52-week high. Analysts expect revenue to grow on the back of a revised merchant discount rate framework for UPI transactions. Global brokerage Bernstein has also named Paytm among its leading growth picks in the financial sector.

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Bengaluru-Goa Vande Bharat Express launched with stops across coastal Karnataka

A new Yesvantpur-Madgaon Vande Bharat Express has started operations to strengthen rail links between Bengaluru, coastal Karnataka and Goa. The train offers direct service to a number of important stations along the route. These include Hassan, Sakleshpur, Subrahmanya Road and Mangaluru. Stops also cover Udupi, Kundapura, Murdeshwar, Gokarna and Karwar.

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New York heiress, 80, sues family over halted $125,000 monthly trust payments

Constance Milstein, 80, has filed a lawsuit against her brother and daughters after trust payments to her reportedly stopped. She is seeking restitution for the monthly distributions of $125,000 that were discontinued, arguing she has a genuine financial need. Her family contests this position, contending that the trust is better directed toward her children. Lawyers have also questioned her claim of hardship, pointing to her lavish spending as evidence she is not in real financial distress.

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