The government is considering allowing foreign direct investment (FDI) in Life Insurance Corporation of India (LIC) to enable overseas investors to buy stakes in the insurer.

“Discussions on structuring the increase in foreign shareholding and the ceiling are ongoing and a decision is yet to be taken,” an official said.

The National Institute of Disaster Management (NIDM) has said in its latest report that pace of COVID-19 vaccination is very slow in India as compared to the US, warning that daily new case numbers could cross 6 lakh per day during third wave if pace is not accelerated.

It is to be noted that NIDM functions under the Union Ministry of Home Affairs (MHA).

Shares of Adani Transmission (Rs 1,238.10) and Adani Total Gas (Rs 1,174.25) were locked in an upper circuit of 5 per cent for the fourth straight trading day on the BSE. Furthermore, only buyers were seen on these counters. In comparison, the S&P BSE Sensex was up 0.44 per cent at 55,797 points at 12:34 pm.

These stocks were quoting higher for the eighth straight trading day on the bourses.

Flipkart Wholesale, the digital B2B marketplace of India's homegrown Flipkart Group, has announced the launch of credit programs which aim to help kiranas manage their working capital requirements and grow their business.

Flipkart Wholesale's credit offerings, including 'Easy Credit' in partnership with IDFC FIRST Bank, are in line with a series of initiatives undertaken to solve local pain points of kiranas in India and boost prosperity for them by making their business easier using technology.

India will likely restart exporting Covid-19 vaccines next year once it has immunized its own adult population, the head of an influential government expert panel said.

Almost 60 countries are hardly having any access to vaccine and India should be able to provide a substantial portion in 2022, N.K. Arora, chairman of the National Technical Advisory Group on Immunization in India, said in an interview with Bloomberg Television on Tuesday.

India on Tuesday brought back 78 people, including 25 of its nationals and a number of Afghan Sikhs and Hindus from Dushanbe, a day after they were evacuated from Taliban-besieged Kabul to the Tajik city.

The group along with three copies of the Sikh scripture, Guru Granth Sahib, was airlifted from Kabul to Dushanbe by a military transport aircraft of the Indian Air Force on Monday.

The Indian Space Research Organisation has come out with an Announcement of Opportunity (AO), seeking proposals towards scientific analysis and utilisation of data from all experiments of the Chandrayaan-2 orbiter.

According to ISRO, the data from Chandrayaan-1 had been extensively used by Indian researchers to understand lunar morphology, surface age determination and composition of the lunar surface, studies on the possible presence of magmatic as well as exogenic water.

India added 25,467 new COVID-19 cases, while the active cases declined to 3,19,551, comprising 0.98 per cent of the total infections, the lowest since March 2020, according to the Union Health Ministry data updated on Tuesday.

The total tally of COVID-19 cases has increased to 3,24,74,773.

The price of 10 gm of 22-carat gold increased by Rs 60 to sell at Rs 46,260 on Tuesday. In previous trade, gold had closed at Rs 46,200 per 10 grams.

Silver was selling at Rs 62,000 per kg, according to Good Returns website.

A team of the State Disaster Response Force (SDRF) on Monday rescued over 200 people after they got trapped in the Tamas area near Raini village in Chamoli district due to a landslide yesterday.

The India Meteorological Department (IMD) has warned of heavy rainfall in Uttarakhand for five days from August 24 to August 28, accompanied by thunderstorms and lightning.

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