Chhattisgarh Chief Minister Bhupesh Baghel on Wednesday wrote a letter to Prime Minister Narendra Modi demanding that the Centre give a compensation of Rs 4 lakh each to the families of people who have died due to the coronavirus infection, officials here said.

Earlier in the day, Congress leader Rahul Gandhi made a similar demand for compensation and said the central government should provide credible data on COVID-19 deaths.

Reliance Industries Ltd's Board on Wednesday decided to implement a 'Scheme of Arrangement' to transfer the 'Gasification' undertaking into a wholly-owned subsidiary (WOS).

RIL targets to have a portfolio which is fully re-cyclable, sustainable and net carbon zero. This will be achieved by transitioning to high value materials and chemicals with renewables as the source of meeting its energy requirements, the company said in a statement.

Amazon.com Inc has asked India's Supreme Court to pause an expedited review of allegations that the U.S. firm concealed information while seeking antitrust clearance for a 2019 deal with India's Future Group, legal papers seen by Reuters showed.

The Competition Commission of India (CCI) in June accused Amazon of concealing facts and making false submissions when it sought approval for the $200 million investment into a Future unit in 2019, a deal that is now at the heart of protracted legal disputes between the two sides.

Larsen & Toubro (L&T) on Wednesday said it has entered into a pact with the Tamil Nadu government to establish a data centre in the state.

L&T will establish 90 MW capacity data centres and associated units in a phased manner in Kanchipuram over the next five years. The company envisages to employ around 1,100 people -- 600 direct and 500 indirect -- in the project.

The Income Tax Department has detected an estimated undisclosed income of Rs 400 crore after it raided two real estate groups based in Delhi and the national capital region, the CBDT said on Wednesday.

The unidentified groups engaged in construction of commercial and residential projects were searched on November 17.

Shares of Zee Entertainment Enterprises were up 8 per cent at Rs 336.20 on the BSE in Wednesday's intra-day trade, gaining 13 per cent in the past two trading days, after Punit Goenka, MD and CEO of Zee said that merger talks between the company and Sony Pictures Networks India (SPNI) are in final stages of stitching up.

The stock of the broadcasting & cable TV operator inched towards its 52-week high of Rs 362.85, touched on September 23, 2021. The counter saw huge trading volumes today with a combined 21.2 million equity shares having changed hands on the NSE and BSE till the time of writing of this report.

Shares of sugar companies were in focus with most of the frontline companies trading higher by up to 11 per cent on the BSE in Wednesday’s intra-day trade on positive outlook.

Triveni Engineering & Industries, Dhampur Sugar Mills, Balrampur Chini Mills, Dwarikesh Sugar Industries, Uttam Sugar Mills, EID Parry and Avadh Sugar & Energy were up between 3 per cent and 11 per cent on the BSE. In comparison, the S&P BSE Sensex was up 0.32 per cent at 58,850 at 10:44 am.

Shares of Bharti Airtel continued their upmove, hitting a new high of Rs 779.70 on the BSE, after they rallied 3 per cent in Wednesday's intra-day trade. In the past three trading days, the stock of the telecom services provider has rallied 9 per cent following the announcement of increased tariffs in a range of services effective November 26.

In the past one month, the stock of Bharti Airtel has surged 12 per cent, as compared to a 3.3 per cent fall in the Sensex.

Two doses of Covaxin, the India-made vaccine, are 50 per cent effective against symptomatic Covid-19, said an independent study by researchers based on real-world assessment .

Results of the interim study, which was published in The Lancet Infectious Diseases Journal, showed that two doses of the vaccine manufactured by Bharat Biotech Covaxin, also known as BBV152, had 77.8 per cent efficacy against symptomatic disease and present no serious safety concerns.

The Maharashtra government on Tuesday offered an interim salary hike to protesting MSRTC staffers as the stir entered its 27th day, even as the undertaking said it had managed to run 236 services till evening.

The employees of Maharashtra State Road Transport Corporation (MSRTC) have gone on strike demanding its merger with the state government, which will give them better salaries and greater job security. All 250 ST bus depots have been shut since November 9, though the stir started from October 28.

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