Flag carrier Air India's pilot bodies--IPG and ICPA -- on Tuesday sought appointment with civil aviation minister Hardeep Singh Puri for a clarity on the proposed disinvestment amid the government preparing to exit from the airline business.

The government for long has been trying to sell debt- ridden airline but could not attract bidders. It has now again decided to call bids for sale next month.

Shares of BEML surged 10 per cent to hit a fresh 52-week high of Rs 1,108 on the BSE on Wednesday on report that the government has started the divestment process of the state-owned commercial vehicles' company.

According to a report by CNBC-Awaaz, the government could soon invite Expression of Interest (EoI) by late November or early December to reduce its stake by nearly 26 per cent in the company.

State-owned Bharat Heavy Electricals Ltd (BHEL) zoomed 14 per cent to Rs 61.30 apiece on the BSE on Wednesday after global brokerage firm CLSA upgraded the stock to 'Buy' from 'Sell' owing to the benefits that the company could reap due to government's stake sale.

According to reports, the brokerage sees "limited risk" in the stock and believes the "company has a lot to gain from a strategic partner". If the divestiture fails, there could be risks to market price, it said.

Shares of HDFC Life Insurance hit a new high of Rs 634, up 4 per cent on the BSE in the early morning deals on Wednesday after nearly 5 per cent of total equity of insurance company changed hands through block deals. The stock bounced back 10 per cent from its opening low of Rs 575 on the BSE. It surpassed its previous high of Rs 626, touched on October 23, 2019.

At 09:15 am, around 101.87 million equity shares, representing 5 per cent of total equity of HDFC Life, changed hands via block deals on the BSE, the exchange data shows. The name of the buyers and sellers were not ascertained immediately.

US officials have said the body of Islamic State group chief Abu Bakr al-Baghdadi was buried at sea, as fresh details surfaced about the US special forces operation that led to his death over the weekend.

Syrian Kurds claimed to be a key source of the intelligence that led Americans to Baghdadi after years of tracking the man behind a five-year reign of terror across much of Iraq and Syria.

The free-ride scheme for women on Delhi public buses might be extended to senior citizens and all students, Chief Minister Arvind Kejriwal said as the initiative took off on Tuesday.

This scheme will help in women empowerment by bridging the gender gap that exists in society, the chief minister said on his mobile application 'AK App' and added that this was a gift from their brother on 'Bhai Dooj'.

After Jio’s 4G network and optical fibre-based broadband connection with a speed of up to 1 Gigabit per second, Mukesh Ambani, chairman of Reliance Industries Limited (RIL), is now planning to disrupt the country’s e-commerce industry with a $24 billion digital-services behemoth.

The Reliance Industries board approved a proposal to plow 1.08 trillion rupees ($15 billion) into the fully-owned subsidiary, which will, in turn, invest that amount in Reliance Jio Infocomm Ltd, the conglomerate’s telecommunications venture.

Adani Group on Tuesday said it is partnering with San Francisco-based Digital Realty to develop and operate data centre infrastructure across India.

Under the agreement between Adani Enterprises and Digital Realty, the two parties will "jointly evaluate developing and operating data centres, data centre parks and cultivating undersea cable provider communities of interest across India," a statement said.

Indian budget airline IndiGo is close to placing a near-record order for over 300 Airbus A320neo-family jets worth at least $33 billion at notional catalogue prices to cement its position as India's largest carrier by market share.

People familiar with the matter told Reuters that IndiGo, part of InterGlobe Aviation, was putting the finishing touches to an order that would include Airbus's newest jet, a long-range version of the single-aisle A320 type called A321XLR.

Apple Inc on Monday launched Apple AirPods Pro, an upgraded version of its premium wireless earphones with noise cancellation feature.

Priced at $249, the earphones will start shipping on Oct. 30, Apple said, adding that the new AirPods are also sweat and water resistant.

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