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Auto shares in focus ahead of November sales; Tata Motors, TVS Motor up 5%

Auto shares in focus ahead of November sales; Tata Motors, TVS Motor up 5%

Shares of automobiles companies were in focus at the bourses on Friday ahead of the November month sales numbers, which release next week. The stock market will remain closed on account of Gurunanak Jayanti on Monday, November 30.

At 11:00 am, the S&P BSE Auto index, the top gainer among sectoral indices, was up nearly 2 per cent, as compared to 0.19 per cent decline in the S&P BSE Sensex.

Hetero Labs to manufacture 100 mn doses of Sputnik V vaccine for India

Hetero Labs to manufacture 100 mn doses of Sputnik V vaccine for India

Hyderabad-based Hetero Labs would be working with the Russian Direct Investment Fund (RDIF) to produce 100 mn doses per year of the Sputnik V vaccine.

The parties intend to start the production of Sputnik V in the beginning of 2021, the statement said.

Manappuram Finance manager held in Rs 20 cr robbery at IIFL branch: Police

Manappuram Finance manager held in Rs 20 cr robbery at IIFL branch: Police

The manager of a branch of Manappuram Finance Ltd has been detained in connection with the robbery of gold and valuables, worth around Rs 20 crore, from a branch of IIFL in Cuttack, a senior police officer said on Friday.

He is being questioned by the investigators in connection with the robbery, said Deputy Commissioner of Police Prateek Singh.

Big relief for Kangana Ranaut as Bombay High Court sets aside BMC's demolition order

Big relief for Kangana Ranaut as Bombay High Court sets aside BMC's demolition order

Kangana Ranaut's house demolition case hearing took place on Friday, November 27. The actress got a big relief as Bombay High Court quashed the September 9 order issued by Brihanmumbai Municipal Corporation (BMC) to demolish Ranaut's bungalow in Bandra.

India has highest bribery rate in Asia, 46 per cent use personal connections to access public services: Report

India has highest bribery rate in Asia, 46 per cent use personal connections to access public services: Report

Corruption is more prevalent in India in comparison to other Asian countries, a new report suggests so. According to a report by corruption watchdog Transparency International, India has the highest bribery rate in Asia and the most number of people who use personal connections to access public services.

The report is based upon the survey which was conducted between June 17 and July 17 this year, in India with a sample size of 2,000.

Heavy rains lash Chittoor district after Cyclone Nivar makes landfall

Heavy rains lash Chittoor district after Cyclone Nivar makes landfall

Heavy rains lashed the Satyavedu and surrounding areas in Chittoor district on Thursday after the landfall of Cyclone Nivar.

All water bodies in Varadayyapalem Mandal are overflowing. Rainwater got logged in residential areas. Some colonies are trapped in heavy rainwater.

Laurus Labs gains 7% in two days on acquisition of Richcore Lifesciences

Laurus Labs gains 7% in two days on acquisition of Richcore Lifesciences

Shares of Laurus Labs rose 4 per cent at Rs 305 on the BSE on Friday, gaining 7 per cent in the past two trading days after the company said it has signed a definitive agreement to acquire a majority stake in Richcore Lifesciences Pvt Ltd (Richcore). The stock of the pharmaceutical company was trading at its highest level since November 2, 2020.

Amazon to spend $500 million in holiday bonus to frontline workers

Amazon to spend $500 million in holiday bonus to frontline workers

Amazon.com Inc. will pay the employees who pack and deliver its goods a one-time bonus of up to $300, extra compensation that comes as the company faces a union drive and criticism from others for rolling back pandemic hazard pay.

The company said on Thursday that it would pay full-time operations workers $300, and part-timers $150, if they are employed by the e-commerce giant for the entire month of December.

GHMC: Amit Shah, Yogi Adityanath, JP Nadda among BJP bigwigs for Hyderabad civic poll campaign

GHMC: Amit Shah, Yogi Adityanath, JP Nadda among BJP bigwigs for Hyderabad civic poll campaign

Several BJP elders, including Union Home Minister Amit Shah and party national president JP Nadda, will land in Hyderabad in the next few days to campaign for the Greater Hyderabad civic elections. The party will also bring Uttar Pradesh Chief Minister Yogi Adityanath to the Greater Hyderabad Municipal Corporation (GHMC) to campaign on December 1.

MiG-29K trainer aircraft crashes in Arabian Sea, 1 pilot rescued, search for another underway

MiG-29K trainer aircraft crashes in Arabian Sea, 1 pilot rescued, search for another underway

A MiG-29K trainer aircraft operating at sea ditched at around 5 pm on Thursday, the Indian Navy informed. One pilot has been recovered and a search by air and surface units is in progress for the second pilot. The aircraft crashed over the Arabian Sea on Thursday night. This is 3rd crash of MiG 29K in the past 12 months.

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