Even as Karnataka draws inspirations and studies the Andhra model to reopen schools and colleges in the state, shocking data of Covid-19 cases among students and teachers will definately make it rethink whether to work on the same model.

In a shocker, at least 575 students and 829 teachers tested positive for COVID-19 in Andhra Pradesh after the state government reopened schools from November 2 for classes 9, 10 and intermediate.

NEW YORK (Reuters) - A gauge of Asian shares was set to cling to a near three-year peak while the dollar stayed sluggish on Friday as the prospect of a divided U.S. legislature dimmed the chance of major policy changes, lifting risk appetite.

Brushing aside the uncertainty of an exceedingly close U.S. presidential election, investors overnight snapped up riskier assets such as the Australian dollar , which jumped to a six-week high before running into profit-taking in early Asian trade.

Shares of Reliance Industries (RIL) rose 3 per cent to Rs 2,013.75 on the BSE on Friday after the company said that Saudi Arabia’s Public Investment Fund (PIF) will invest Rs 9,555 crore ($1.29 billion) for 2.04 per cent equity stake in its retail arm.

This investment values Reliance Retail Ventures (RRVL) at a pre-money equity value of Rs 4.587 trillion ($62.4 billion). This investment would further strengthen PIF’s presence in India’s dynamic economy and promising retail market segment, RIL said in media release.

In a major blow in the US Presidential Elections 2020, Donald Trump’s campaign lost court rulings in the closely-contested states of Georgia and Michigan on Thursday, even as it vowed to bring a new lawsuit challenging what it called voting irregularities in Nevada.

In the Georgia case, the campaign alleged 53 late-arriving ballots were mixed with on-time ballots. In Michigan, it had sought to stop votes from being counted and obtain greater access to the tabulation process.

With a fresh spike of 50,210 coronavirus infections and 704 deaths in 24 hours, India's tally on Wednesday rose to 83,64,086, said the Union Ministry of Health and Family Welfare.

Delhi recorded a single-day spike of 6,842 COVID-19 cases on Wednesday, the highest so far, taking the total Delhi tally to 4,09,938.

Amazon India on Wednesday said it has inked an agreement with the Silk Mark Organization of India (SMOI).

As part of the Memorandum of Understanding (MoU), Amazon will launch an exclusive Silk Mark Store with Silk Mark labelled products through multiple sellers associated with the organisation, a statement said.

Shares of State Bank of India (SBI) rallied 7 per cent to Rs 220.95 on the BSE in the early morning trade as the analysts believe earnings normalisation cycle for the state-owned lender has begun as the uncertainty brought about by the pandemic is receding significantly.

More than a dozen Indian Americans, including five women, have won state-level elections, marking a first for the community in many instances.

This is in addition to the four Indian Americans elected to the US House of Representatives: Dr Ami Bera, Pramila Jayapal, Ro Khanna and Raja Krishnamoorthi. At least three other races, including one for the US House of Representatives, are yet undecided.

Ahead of the election results, the campaign team of US President Donald Trump has threatened to file a nationwide lawsuit to expose the election corruption perpetrated by the Democratic Party.

Trump attorney's Rudy Giuliana, during a press conference, said, We are going to continue the lawsuit here [in Philadelphia]. Then we're going to bring a second one and then we're going to bring a federal lawsuit and then we're going to take a good look at whether we're bringing this nationally.

Democratic nominee Joe Biden has won more votes than any other presidential candidate in the US history, shattering a record set by former President Barack Obama, according to a media report.

As of November 4, Biden had got over 70.7 million votes, more than anyone who has ever run for president, the National Public Radio (NPR) reported.

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