Beverage major Coca-Cola is set to reduce the price of its 400 ml PET bottles from Rs 25 to Rs 20 in at least southern markets within a week, The Times of India reported on Wednesday.

These markets include Tamil Nadu, Karnataka, and Kerala. The report said that the company plans to introduce a new packaging, which will advertise the brand as offering 250 ml and 150 ml free (250 ml + 150 ml free) at an MRP of Rs 20.

India's gold demand in 2024 is likely to fall to its lowest in four years as a rally in prices to a record high is seen denting purchases during the peak festival season in the December quarter, the World Gold Council (WGC) said on Wednesday.

Gold demand in the world's second-biggest consumer of the precious metal could stand between 700 and 750 metric tons in 2024, the lowest since 2020 and down from last year's 761 tons, Sachin Jain, CEO of WGC's Indian operations, told Reuters.

Larsen & Toubro’s (L&T) Power Transmission & Distribution (PT&D) vertical has secured new orders in West Asia and Africa aimed at expanding and strengthening high-voltage electricity grids, the company announced in an exchange filing on Wednesday. The contracts, classified as 'major', are estimated to be valued between Rs 5,000 crore and Rs 10,000 crore.

Bollywood actor Salman Khan received another death threat on Wednesday through a message to the Mumbai Traffic Police, demanding a ransom of Rs 2 crore. The police have registered a case against an unidentified individual, who allegedly threatened serious harm to the actor if the ransom was not paid. The case has been filed under sections addressing extortion and threats to life, according to police sources.

The Karnataka High Court on Wednesday granted interim bail to actor Darshan Thoogudeepa, who is an accused in Renukaswamy murder case, on medical grounds, to undergo spine surgery.

The bench of Justice S Vishwajith Shetty granted interim bail for a period of six weeks to undergo medical treatment.

As Dhanteras ushers in the festive season, India's retail sector is experiencing a significant sales boom, with extensive preparations by traders to meet surging demand. The Confederation of All India Traders (CAIT) has projected nationwide retail trade during Dhanteras to reach approximately Rs 60,000 crore, emphasising a strong shift towards local goods.

Jaguar Land Rover on Wednesday said it has launched an initiative in India to work closely with startups for developing the next generation of products and services that will help define the company's future client experiences.

The Tata Motors-owned marquee brand has launched the Open Innovation Hub in Bengaluru, building on the success of the company's existing initiatives in the UK, US, Israel, and Brazil.

TMC MP Kalyan Banerjee was suspended for one day from the parliamentary committee on the Waqf (Amendment) Bill after high drama during its meeting on Tuesday where he smashed a glass water bottle and threw it towards the Chair while injuring his fingers in the process.

The committee's chairperson and veteran BJP MP Jagdambika Pal condemned the conduct of Banerjee, a rather vocal parliamentarian who has been strident in his criticism of the Bill. He said such actions were "unprecedented" and crossed all limits.

Analysts are rushing to recommend investors buy shares of Hyundai Motor India Ltd., a much-needed show of support after the stock’s disappointing trading debut Tuesday.

The local unit of the Korean automaker now has a total of six positive recommendations, from Nomura Holdings Inc. and Macquarie Group Ltd. along with local brokers including Motilal Oswal Securities Ltd.

Jio Financial Services Ltd., controlled by billionaire Mukesh Ambani, has held talks with Allianz SE to set up an insurance partnership in India as the German firm seeks to scrap two existing joint ventures in the country, according to people familiar with the matter.

Allianz and Jio Financial are looking to establish a general insurance and a life insurance company in the South Asian nation, the people said, asking not to be identified as the information isn’t public.

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