State-run oil and gas explorers ONGC's plan to complete merger of its refining subsidiary MRPL with recently acquired HPCL to align its upstream and downstream operations into two verticals has got delayed.

The process is now expected to be completed by FY24 as ONGC's plan to consolidate its refining and petrochemicals business around MRPL first itself is taking a lot of time, government sources privy to the development said. The proposed merger would only follow this consolidation exercise.

Drug firm Zydus Cadila on Monday said it has received approval from the US health regulator to market Sitagliptin, a medicine indicated to treat diabetes.

The company said its subsidiary has received tentative approval from the United States Food and Drug Administration (FDA) for its new drug application for Sitagliptin base 25, 50 and 100 mg tablets.

The Taliban said on Monday they have taken control of Panjshir province north of Kabul, the Afghan capital. The province was the last holdout of anti-Taliban forces in the country and the only province the Taliban had not seized during their sweep last month.

Thousands of Taliban fighters overrun eight districts of Panjshir overnight, according to witnesses from the area. They spoke on condition of anonymity fearing for their safety.

India logged 38,948 new coronavirus infections taking the total tally of COVID-19 cases to

3,30,27,621, while the death toll climbed to 4,40,752 with 219 fresh fatalities, the lowest in 167 days, according to the Union Health Ministry data updated on Monday.

Vernacular e-learning platform Vidyakul has raised bridge round of funding of $500,000 led by We Founder Circle, and also saw participation from investors including JITO Angel Network and Thinkuvate.

Vidyakul is aimed at providing after-school e-learning for the state board students in vernacular languages. The edtech startup is currently delivering education in 4 languages and has already enabled the same for 1 million students from 10 States.

Shares of IndiaMART InterMESH continued their upward journey, surging over 6 per cent to Rs 8,630 on the National Stock Exchange (NSE) on Monday. The stock has rallied 22 per cent in the past seven trading sessions after being included in the derivatives segment (Futures & Options contracts) on the NSE from the new series that began from August 27.

However, despite the recent 7-day rally, the stock has underperformed the S&P BSE Sensex and has gained mere 6 per cent in the past six months as against a 16 per cent surge in the benchmark.

As the supply issue of Covid vaccine is being sorted out, authorities push to inoculate have yielded good results in Karnataka. In Bengaluru, more than one crore doses and in the state 45 million doses have been administered till date.

Bruhat Bengaluru Mahanagara Palike (BBMP) Chief Commissioner Gaurav Gupta on Sunday said the BBMP has administered a total of 11,493,814 Covid vaccines doses in Bengaluru till date.

The Indian Meteorological Department(IMD) on Sunday (September 5) predicted that several parts over south, west and north India would receive heavy rainfall during the next three days. According to IMD, the heavy rainfall would occur as a result of the revival of the Southwest Monsoon.

The IMD predicted that during the three-day period, heavy to very heavy rains is expected to take place over Karnataka, Tamil Nadu, and Kerala.

Gold (24-carat) is selling at Rs 47,410 per ten grams on Monday in India, up Rs 10 from the previous trade.

Silver is selling at Rs 65,200 per kg, unchanged from yesterday's trading price, according to the Good Returns website.

Amid the current COVID situation across Karnataka, the state government has issued a fresh list of guidelines for the citizens to follow during this festive season. The guidelines have been issued to prevent the further spread of the COVID-19 pandemic in the state.

As per the guidelines issued by the state government, a night curfew has been imposed in Karnataka to make sure that no festive celebrations in the state can take place post 9 pm. Citizens of the state are expected to adhere to this night curfew strictly.

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