Mahindra and Mahindra (M&M) is expecting reduction in production and sales volume at its automotive division and in its wholly-owned subsidiary in the last quarter of the current fiscal due to global supply shortage of micro-processors.

M&M said it is engaging closely with its auto components supplier Bosch and assessing likely production loss.

The US registered more than 3,000 coronavirus fatalities in the last 24 hours, the highest single-day spike since April, according to the Johns Hopkins University.

On Wednesday, there were a total of 3,071 fatalities, which increased the country's overall death toll to 289,283, Xinhua news agency reported citing figures issued by the University's Center for Systems Science and Engineering (CSSE).

India's COVID-19 caseload climbed to 97,67,371 with 31,521 fresh infections, while the total number of recoveries surged to 92.53 lakh, pushing the national recovery rate to 94.74 per cent, according to the Union health ministry data updated on Thursday.

The death toll rose to 1,41,772 with 412 new fatalities, the data updated at 8 am showed.

Gold price today jumped to Rs 53,190 from Rs 53,180 per 10 gm, while silver price was trending at Rs 64,400 per kg, according to the Good Returns website.

Gold jewellery price vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes.

L & T Technology Services (LTTS) said on Thursday it has been selected by a global oil and gas major to be the primary engineering partner for supporting two integrated refining and chemicals manufacturing facilities in the United States.

It did not name the client but said the multi-year engagement has a potential value of more than 100 million dollars (about Rs 737 crore).

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) slipped 13 per cent to Rs 1,405 on the BSE on Thursday as the government's proposed stake sale of up to 20 per cent equity shares via an offer for sale (OFS) began today.

The government would divest 15 per cent equity with a 5 per cent green shoe option. The floor price for the offer fixed at Rs 1,367 per share, a 16 per cent discount to Wednesday’s closing price of Rs 1,618 on the BSE. The OFS opened today for non retail investors and will open tomorrow for retail investors.

The foundation stone of a new Parliament building will be laid today by Prime Minister Narendra Modi. This special event will be attended by leaders from various political parties, cabinet ministers and ambassadors of various countries.

PM Narendra Modi will also perform the ground-breaking ceremony for the building, which is expected to be completed by 2022 at an estimated cost of Rs 971 crore.

Britain’s medicines regulator has advised people with a history of significant allergies not to get the Pfizer-BioNTech COVID-19 vaccine after two people reported adverse reactions on the first day of its rollout in the UK. Here are some questions and answers about the cases and what they might mean.

West Bengal Police on Wednesday registered FIRs against veteran BJP leaders Kailash Vijayvargiya, Tejasvi Surya, Dilip Ghosh, and several other party leaders on the allegation that they encouraged violence during the party`'s Uttarkanya Abhijan march in Siliguri on December 7.

A suo moto case was registered at the New Jalpaiguri police station of Siliguri Metropolitan Police against BJP national general secretary and state observer Kailash Vijayvargiya, MP and BJP Yuva Morcha president Tejasvi Surya, and state BJP chief Dilip Ghosh.

Canada on Wednesday (December 9) approved its first COVID-19 vaccine, clearing the way for doses of the Pfizer Inc shots to be delivered and administered across the country as soon as next week.

Canada is the third country after Britain and Bahrain to give the green light to the Pfizer vaccine, developed with Germany`s BioNTech SE.

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