One of the promoters of scam-hit Karvy Group, was arrested here on Thursday on charges of defaulting a bank loan, police said.

C Parthasarathy was arrested for defaulting on a loan taken from the IndusIndbank in 2019 and diverting the fund to other bank accounts, Avinash Mohanty, Joint Commissioner of Police, (Detective Department) said adding there are two similar cases against him filed by HDFC bank.

The COVID-19 vaccines by Pfizer and AstraZeneca are less effective against the Delta variant of coronavirus compared to the Alpha variant, according to a study led by researchers at the University of Oxford.

The researchers, however, noted that with Delta, Pfizer-BioNTech vaccine and Oxford-AstraZeneca preventive, known as Covishield in India, still offer good protection against new infections.

Flipkart Wholesale, the digital B2B marketplace of the e-commerce giant announced its plans to more than triple its geographical footprint in India to close to 2,700 cities. The aim is to make business easier and bring prosperity to lakhs of small businesses and Kiranas across the country.

Launched in September 2020, Flipkart Wholesale has witnessed strong growth in the first half of 2021 spearheaded by the adoption of e-commerce by retailers and kiranas.

State-owned Oil and Natural Gas Corp (ONGC) on Thursday invited bids from private companies for handing over operations of 43 small and marginal oil and gas fields with a view to raising production.

The 43 onland fields have been clustered into 11 contract areas that will be bid out to companies offering the highest oil and gas output on top of a pre-decided baseline, the company said in a statement.

The second wave of COVID-19 has come to an end in Telangana with the virus situation fully under control in the state at present, a Health department official has said.

It can be said that second wave has fully come to an end in Telangana. If we take various parameters like the number of new cases being reported, daily positivity rate and hospitalisation rate, coronavirus, as of now, is fully under control across Telangana, in all districts and all regions, state Director of Public Health G Srinivasa Rao said.

An Indian Council of Medical Research (ICMR) study conducted in Chennai has found that the Delta variant has the potential to infect both vaccinated and unvaccinated individuals, but it reduces mortality among the former group.

According to a study published in the Journal of Infection on August 17 and approved by the Institutional Ethics Committee of ICMR-National Institute of Epidemiology, Chennai indicates that the prevalence of the Delta variant or B.1.617.2 was not different between the vaccinated and unvaccinated groups.

An inquiry commission headed by a retired high court judge has imposed a fine of Rs 25,000 on former Mumbai police commissioner Param Bir Singh for not appearing before it.

The Maharashtra government in March this year formed a one-member commission of Justice (retd) Kailash Uttamchand Chandiwal to conduct a probe into corruption allegations levelled by Singh against the then state home minister Anil Deshmukh.

India has added 36,401 new COVID-19 infections, taking the total tally of cases to 3,23,22,258, while the death toll has climbed to 4,33,049 with 530 more fatalities, according to Union health ministry data updated on Thursday.

The national recovery rate has improved to 97.52 per cent, the highest since March last year, according to the data updated at 8 am.

Google-backed delivery and e-commerce company Dunzo is betting big on the rapidly-growing online grocery market in the country. The firm is offering its ultra-fast grocery delivery service Dunzo Daily in Bengaluru, through which it will deliver essentials in 19 minutes.

The company said Dunzo Daily, the latest offering in Bengaluru, has become synonymous with ultra-fast grocery delivery.

Private steel major Tata Steel will pay a total of Rs 270.28 crore as annual bonus for the accounting year 2020-2021 to its eligible employees of all applicable division /units of the company, a release said.

A Memorandum of Settlement was signed on Wednesday between Tata Steel and the Tata Workers' Union, for payment of annual bonus for the accounting year 2020-2021, the release issued by the company said.

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