The Shiv Sena on Thursday alleged that imposition of President’s rule in Maharashtra was a “scripted act” and took a jibe at the governor, saying he has now given parties six months to form government. It also said that former state chief minister Devendra Fadnavis is shedding “crocodile tears” over the imposition of President’s rule as power is still indirectly in the hands of the BJP.

Criticising the governor for giving the Shiv Sena just 24 hours to stake claim and refusing it additional time to muster numbers, an editorial in party mouthpiece ‘Saamana’ said, It looked like some invisible power was controlling this game and decisions were taken accordingly.

Shares of Aurobindo Pharma hit an over five-year low of Rs 393, down 9 per cent on the BSE on Thursday after the company received a Form 483 from US Food and Drug Administration (USFDA) with 14 observations for its Hyderabad facility. The stock of drug company was trading at its lowest level since September 2014.

Coffee Day Enterprises (CDEL) reported a net profit of Rs 1,509 crore in the first quarter of this financial year as it booked a one-time gain of Rs 1,659 crore from the sale of Mindtree stake.

Net profit stood at Rs 17 crore in the first quarter of last financial year, while it was at Rs 26 crore in Q4 of FY19. Excluding the gain, CDEL, however, reported a loss of Rs 156.6 crore for the April-June period.

Facebook on Wednesday said it has nixed 5.4 billion fake accounts already this year, many within moments of being created at the leading social network.

We have improved our ability to detect and block attempts to create fake, abusive accounts, the internet firm said in its latest transparency report.

SpiceJet on Wednesday reported a loss of Rs 462 crore for the September quarter, its first quarterly loss during the current

financial year. This was on the back of higher costs during a seasonally weak quarter.

India’s palm oil imports probably declined from a one-year high in October as traders and refiners trimmed buying after higher global prices made overseas supplies more expensive.

Shipments dropped about 12 per cent from a month earlier to 775,000 tons, according to the median of five estimates in a Bloomberg survey of processors, brokers and analysts.

The Air Quality Index (AQI) in Delhi-NCR has once again entered into the severe category on Wednesday with PM level crossing the 500-mark at some places.

Major pollutants PM 2.5 at 500 & PM 10 were at 497, both in the severe category in Lodhi Road area, according to the Air Quality Index (AQI) data.

India’s headline inflation probably breached the central bank’s 4% medium-term threshold last month, but that surge -- driven by high onion prices -- is unlikely to distract monetary policy makers from their focus on growth.

Economists pegged the gains in consumer prices at 4.35% in October, according to the median of 33 economists surveyed by Bloomberg. That would be the first above-4% print since July 2018 and the highest since June last year.

The data king of the world and founder of IT giant, Dell Technologies, Michael Dell feels that the next decade would be driven and shaped by data, and India could be one of the significant players.

In an exclusive interview with IANS, here at the company's Global headquarters the American billionaire businessman and Chairman of Dell, one of the world's largest technology companies said that India figures as the topmost destination for his enterprise in the years to come.

The Supreme Court on Wednesday upheld the disqualification of 17 Congress-JD(S) MLAs in Karnataka on orders of the Speaker but allowed them to contest the December 5 bypolls.

The court struck down the portion of the Speaker's order by which the legislators were disqualified till the end of the 15th Karnataka Assembly.

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