Sandalwood hero no more.

Punethrajkumar passes away #gonetosoon

Kannada cinema’s reigning star and celebrity television host Puneeth Rajkumar, known for films such as “Appu”, “Veera Kannadiga” and “Maurya”, died here on Friday following a massive heart attack, the hospital said.

He was 46. Puneeth, who was known to be a fitness enthusiast, was rushed to Vikram Hospital after he complained of chest pain following a two-hour workout in the gym, doctors treating him said. He died shortly after.

Puneeth’s body will be kept at the Kanteerava Stadium to enable the public to pay their last respects, state minister R Ashoka told reporters. He said Puneeth’s last rites will be performed with full state honours and the family will decide when it will happen.

According to the hospital, the actor was brought to the hospital with a family doctor diagnosing that he had had a heart attack. “At the time of arrival to the emergency, the patient was non-responsive and was in cardiac asystole. Hence, immediate advanced cardiac life support measures were initiated for resuscitation…”

Condolences at the death of the actor, who began his career as a child artist appearing in movies such as “Thayige Thakka Maga” and “Bhagyavantha”, poured in from political leaders, including Prime Minister Narendra Modi, colleagues in the southern film industry as well as those in Bollywood — their messages echoing his legions of fans grieving the hero who had gone too soon.

Paytm ipo approved biggest ipo in last one decade

Fintech firm Paytm’s Rs 16,600-crore initial public offering (IPO), billed as one of the largest in India, is expected to increase the offer size by around Rs 1,000-2,000 crore, people briefed on the matter said.

The development comes at a time when Paytm’s parent One97 Communications – which houses Paytm and its fintech offshoots – is expected to receive an approval from the capital markets regulator, the Securities and Exchange Board of India (Sebi) over the next few days.

Paytm may also increase the primary component through a fresh issuance of shares, the sources added. “The move to increase the offer size has come after receiving the Sebi comments which are minor in nature. Owing to high interest in startup IPOs, the company has taken the call to increase offer size,” one of the people briefed on the matter said

Shah Rukh Khan’s son Aryan Khan drug case Live Updates

Ananya Panday is not nervous about NCB summons; actress cooperating with the agency: Source

On Thursday, Narcotics Control Bureau officials visited Ananya Panday’s home to summon her to the NCB office for questioning in connection to the drugs case under which Shah Rukh Khan’s son Aryan, Arbaaz Merchant, and Munmun Dhamecha have been remanded into judicial custody.

Aryan Khan, Arbaaz Merchant, and Munmun Dhamecha were denied bail by the NDPS court on October 20, post which their lawyers have filed a bail application with the Bombay High Court. Shah Rukh and Gauri Khan’s son Aryan, along with 7 others, was arrested on October 3 after the Narcotics Control Bureau raided an alleged rave party on a cruise. The accused are currently lodged in the Arthur Road jail

How would Evergrande’s failure affect China’s economy?

A campaign by the central bank to tame property debt and reduce the banking sector’s exposure to troubled developers should mean that an Evergrande failure would have less of an impact on China’s financial system.

The reality may be more complicated.

Panic from investors and home buyers could spill over into the property market and hit prices, affecting household wealth and confidence. It could also shake global financial markets and make it harder for other Chinese companies to continue to finance their businesses with foreign investment.

Writing in The Financial Times in late August, the billionaire investor George Soros warned that an Evergrande default could cause China’s economy to crash.

Chen Zhiwu, a professor of finance at the University of Hong Kong, said a failure could result in a credit crunch for the entire economy as financial institutions become more risk averse. An Evergrande failure was “not good news to the financial system or the overall economy,” he said.

But not everyone is as pessimistic. Bruce Pang, an economist at China Renaissance Securities, said a default could lay the groundwork for a healthier economy in the future. “If Evergrande were to fail with the fading belief of ‘too big to fail,’ it will prove Beijing’s more tolerant for defaults despite pains and disruption in the short term,” Mr. Pang said.