Tata Steel reported a loss of Rs 6.54 crore before tax on a consolidated basis in the September quarter (Q2) against a profit of Rs 5,411 crore in the corresponding period last year, mainly due to a fall in realisations across geographies.

The loss is after exceptional expenses that include gain on non-current investments, restructuring and other provisions, totalling Rs 33.56 crore for Q2 versus a gain of Rs 163.77 crore in year ago quarter.

Flipkart has obtained a stay order on insolvency proceedings initiated against the e-commerce firm by the National Company Law Tribunal (NCLT) in a case involving alleged withholding of dues to a seller on its platform.

CloudWalker Streaming, a Mumbai-based supplier of LED TVs, has alleged the Flipkart did not honour its purchase agreement and had not paid dues totalling to Rs 26.95 crore. The firm moved NCLT and had petitioned that Flipkart be recommended for insolvency under Insolvency and Bankruptcy Code (IBC).

Bharat Sanchar Nigam (BSNL) has rolled out voluntary retirement scheme (VRS) for its employees. The company hopes that about 100,000 employees will avail of the package.

The scheme opened on November 4 and will continue till December 3. The total number of BSNL employee is 175,000.

Maruti Suzuki and Toyota Tsusho Group on Wednesday announced a joint venture for vehicle dismantling and recycling.

In the joint venture -- Maruti Suzuki Toyotsu India Pvt Ltd (MSTI) -- Maruti Suzuki India (MSI) will have 50 per cent share, while Toyota Tsusho Group companies -- Toyota Tsusho Corporation and Toyota Tsusho India Pvt Ltd -- will hold the remaining stake.

Shares of Aurobindo Pharma dipped 5 per cent to Rs 448, in otherwise firm market, on the BSE on Wednesday after the US health regulator (US FDA) issued ‘Form 483’ with four observations for its Hyderabad facilities. The stock of the drug firm was trading close to its 52-week low of Rs 435 touched on October 11, 2019 in the intra-day trade.

“The United States Food and Drug Administration (US FDA) inspected Unit V, API manufacturing facility at Pashamylaram, Hyderabad and Unit VIII, API manufacturing facility at Gaddapotharam, Hyderabad of the Company from 21st to 28th October 2019 and from 21st to 25th October 2019, respectively. At the end of the inspections, we have been issued a 'Form 483' with 4 observations for each facility,” Aurobindo Pharma said in a regulatory filing.

India will be the world’s fastest-growing aviation market over the next two decades, according to Boeing Co., which expects the South Asian nation to need 2,380 planes in that period at a value of $330 billion.

The U.S. manufacturer’s forecast is slightly higher than the one it made in December 2018, when it said India would require 2,300 new aircraft for $320 billion over 20 years. At a briefing in New Delhi on Wednesday, Boeing’s deputy vice president of commercial marketing Darren Hulst said first deliveries of the 777X are planned in the next 18 months.

Those waiting for a rollout of WhatsApp Pay in India might have to wait longer, as the government is planning a comprehensive safety audit of the payment platform. The messaging app has been testing its payments service in the country since last year with about a million users.

According to top officials in the finance and IT ministries, a sensitive payments system like the Unified Payments Interface, or UPI, should not be on a platform whose security is possibly compromised.

After a failed $7 billion acquisition of Nokia's smartphone business five years back, Microsoft has announced a strategic collaboration with the Finnish company to accelerate transformation and innovation across industries with Cloud, Artificial Intelligence (AI) and Internet of Things (IoT).

The new partnership brings together Microsoft cloud solutions and Nokia's expertise in mission-critical networking, to help enterprises and communications service providers (CSPs) transform their businesses.

Infosys Ltd advanced 3.7 per cent to Rs 721.50 apiece in the intra-day trade on the BSE on Wednesday after the non-executive chairman Nandan Nilekani, during the company's concall, told investors that the company would take action if the allegations against it are substantiated.

"While I will not comment on the merits of the allegation at this time, the company will take action if the allegations are substantiated," Nilekani told investors.

Intel inputs have alerted security agencies over a possible attack by terrorists on the Jewish community, Israeli people living in the country.

According to inputs, terror organisations including Al-Qaeda and ISIS are planning to attack the Jewish community and Israeli people travelling to India.

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