The commerce department is monitoring developments on the situation at the Red Sea, amid exporters holding back their shipments owing to fears about higher freight costs due to shipping vessels being rerouted.

Such shipments include agricultural and textiles products.

MP Kesineni Srinivas (Nani) revealed his decision to quit Telugu Desam Party (TDP) and the MP post following a clear indication that the party resolved to give Vijayawada MP ticket in the upcoming general elections to another candidate.

Mr. Srinivas, who had been at odds with the TDP high command over various issues, including a fight for due recognition within the party, and the importance being given to his younger brother Sivanath (Chinni).

The Special Investigation Team (SIT) of the Mumbai Crime Branch has secured its first arrest in connection with the Rs 15,000 crore Mahadev betting app case, police said on Friday.

As per police, a 27-year-old man, identified as Dixit Kothari, has been arrested in the matter.

Fintech player MobiKwik, which plans to raise Rs 700 crore, has refiled its draft red herring prospectus (DRHP).

With the second filing of the DRHP, the company is planning to mop up less than half of what it had aimed to raise earlier.

The U.N. humanitarian chief described Gaza on Friday as uninhabitable three months into Israel's war with Hamas, warning that famine was looming and a public health disaster unfolding.

In a grim assessment of the devastating impact of Israel's military response to the horrific Hamas attacks on October 7, Martin Griffiths said that Gaza's 2.3 million people face daily threats to their very existence while the world just watches.

India recorded a single-day rise of 761 Covid-19 cases and 12 deaths in the past 24 hours, the Union Health Ministry said on Friday. The active caseload saw a slight rise from yesterday's 4,423 to 4,334, the data updated at 8 am stated. The total number of cases stood at 45 million.

The death toll rose to 533,385, with 12 fatalities reported. The case fatality rate was pegged at 1.18 per cent, the health ministry said.

Food delivery major Zomato has initiated the process of liquidation for its Vietnam business, the company said in a regulatory filing on Thursday.

The company added that the step-down subsidiary does not have any active business operation, and its liquidation would not impact the operations of the company.

Large merchants transacting on Unified Payments Interface (UPI) may incur a ‘reasonable’ fee on related-transactions in the next three years, Dilip Asbe, managing director (MD) and chief executive officer (CEO), National Payments Corporation of India (NPCI) said.

“From the long-term perspective, a reasonable charge, not on the small merchants but the larger ones, will come.

Airfares in the country are set to fall, with IndiGo on Thursday removing the fuel charge in response to the gradual decline in aviation turbine fuel (ATF) prices in the last three months.

India's biggest airline had on October 5 imposed a fuel surcharge of up to Rs 1,000 based on flight distance. "The fuel charge was introduced in October 2023, following a surge in Aviation Turbine Fuel prices. With recent reduction in ATF prices, IndiGo is withdrawing the charge," said IndiGo.

The price of 24-carat gold fell Rs 440 during early trade on Friday, with ten grams of the precious metal selling at Rs 63,380, according to the GoodReturns website. The price of silver declined Rs 2,000 with one kilogram of the precious metal selling at Rs 76,600.

The price of 22-carat gold dipped Rs 400, with the yellow metal selling at Rs 58,100.

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