The Tata Steel board on Monday approved the appointment of Noel Naval Tata as an additional director and designated him as vice-chairman.

In a stock exchange filing, the company said based on the recommendations of the Nomination and Remuneration Committee, the board of directors at its meeting held on Monday, considered and unanimously approved the appointment of Noel Naval Tata as an additional director (non-executive, non-independent) effective March 28, 2022.

Singapore-based e-commerce platform Shopee — that launched in India only in December 2021 — has decided to close operations in the country.

The official reason given by Shopee, which is controlled by NYSE-listed Sea Ltd, is changing global sentiments.

In a statement, it said, In view of the global market uncertainties, we have decided to close risks of our early-stage Shopee India initiative.

Referring to Opposition leaders Fazal-ur-Rehman of Pakistan Democratic Movement, Shahbaz Sharif of PML-N and Asif Ali Zardari of Pakistan Peoples Party, Pakistan Prime Minister Imran Khan on Sunday, called them rats for jointly sucking the blood of the country in the garb of National Reconciliation Ordinance (NRO).

He added that the country was facing the burden of loans because of Musharraf's decision to grant an NRO to the Opposition "to save his government."

Three-time MLA Pramod Sawant, who led the BJP to win 20 seats in the recently concluded elections to the 40-member Goa Assembly, was sworn in as the state's chief minister for the second time on Monday in the presence of Prime Minister Narendra Modi and other dignitaries.

Goa Governor P S Sreedharan Pillai administered the oath to Sawant (48) and eight other BJP MLAs as cabinet ministers in a ceremony held at Dr Syama Prasad Mookerjee stadium at Bambolim near the state capital Panaji in the presence of a large number of people.

Shares of Ruchi Soya Industries slipped 10 per cent to Rs 783.45 on the BSE in Monday's intra-day trade ahead of closure of its follow-on public offering (FPO) today.

The stock of Patanjali-backed edible oils company traded lower for the fourth straight day, down 14 per cent during the period. It has corrected 31 per cent from its high of Rs 1,139.95 touched on March 15, 2022.

The first direct flight between Gorakhpur and Varanasi was flagged-off on Sunday.

SpiceJet was awarded the route under the RCS-UDAN 4.1, as per a press release by the Ministry of Civil Aviation.

The airline will be operating daily flights and will deploy its Q400, 78-seater turboprop aircraft designed for shorter-distance flights on the route. SpiceJet is India's largest regional carrier.

Shares of Escorts dipped 5.5 per cent to Rs 1,704 on the BSE in Monday's intra-day trade. The stock has fallen 8 per cent in the past two trading days as the open offer made by Japan's Kubota Corporation to acquire additional 28.42 per cent stake in the company ends today. The stock had hit a record high of Rs 1,927 on December 31, 2021.

On November 18, 2021, Escorts' board had announced that Kubota will acquire 37.49 million equity shares or 28.42 per cent of the expanded voting share capital.

Analjit Singh, founder and chairman of Max Group, has rejected media reports about a petition filed before the National Company Law Tribunal (NLCT) regarding an unlisted promoter entity.

Singh referred to reports saying that his wife has filed a suit before the NCLT, alleging that she was facing shareholder oppression at a group holding company and accused its directors, including her husband, of mismanagement.

With 1,270 new COVID infections in the last 24 hours, the active caseload in India has dipped to 15,859 on Monday, Union Health Ministry informed.

The active caseload now constitutes 0.04 per cent of India's total positive cases.

The Ministry, in a press release, said that there has been a sustained fall in the weekly and daily positivity rates too.

The price of 10 gram of 24-carat gold remained unchanged on Monday at Rs 52,590, while the rate of 1 kg of silver was at Rs 68,900.

Ten gram of 22-carat gold is trading at Rs 48,200.

The price of 10 gram of 24-carat gold in Delhi and Mumbai stood at Rs 52,590 while the 10 gram of 22-carat gold in Mumbai and Delhi is trading at Rs 48,200.

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