US wireless carrier Verizon Communications Inc and Amazon.com Inc may invest more than $4 billion for a stake in India's Vodafone Idea Ltd, the Mint newspaper reported on Thursday, sending shares in the struggling Indian telecom firm up 10 per cent.

Vodafone Idea's stake-sale talks had been paused pending the outcome of a court hearing in India, which created uncertainty and could have threatened Vodafone Idea's survival, Mint reported, citing two unnamed people aware of the negotiations.

In a major development, the Twitter account of Prime Minister Narendra Modi's personal website and mobile app was hacked. The account goes by the handle narendramodi_in on the microblogging website.

The incident has been confirmed by Twitter and it has said that steps are being taken to secure the compromised account'.

Gold prices today jumped to 55,000 from Rs 54,930 per 10 gram a day before, while silver jumped to Rs 68,700 from Rs 66,600 per kg, according to Good Returns website.

Gold jewellery prices v ary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

Packaging products maker Cosmo Films on Wednesday said it will invest Rs 300 crore to set up a new line of speciality polyester films.

In a regulatory filing the company said it plans to set up a new line of specialty polyester films (Biaxially-Oriented Polyethylene Terephthalate or BOPET) by the second quarter of 2022-23.

The Board of Directors of Vodafone Idea Ltd (VIL) will meet on Friday to discuss and evaluate proposals for raising funds in one or more tranches through public issue, issue of equity shares or securities among other options.

The announcement came after the Supreme Court's September 1, verdict on the Adjusted Gross Revenue (AGR) issue, wherein the top court gave a 10-year timeline to the telcos to repay their dues, with an upfront payment of 10 per cent by March 31, 2021.

Goa Chief Minister Pramod Sawant has tested postive for coronavirus, he informed through Twitter on Wednesday.

He said that he was asymptomatic and hence opted for home isolation.

The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade. Later, the equity benchmark indices traded marginally higher during early hours on Wednesday with IT stocks gaining ground but public sector bank slipping due to profit-booking

The Sensex of the BSE opened at 38,892.64 points and touched a high point of 38,991.17. The Sensex touched a low of 38,880.32 points.

With over 78,000 new cases reported in the last 24 hours, India's COVID-19 count on Wednesday crossed the 37 lakh-mark, while the death toll has crossed the 66,000-mark as well.

At 9:30 AM on this day, the COVID-19 tally in the country has reached 37,69,524 cases, which include 8,01,282 active cases; 29,01,909 cured, discharged, or migrated patients, and 66,333 deaths.

The Indian Army sources said on Wednesday that the brigade commander of the army will hold a meeting with his Chinese counterpart at 10 am in Chushul/Moldo on Wednesday to discuss issues related to the situation on the southern bank of Pangong lake.

According to highly placed Indian Army sources, there are two to three contentious areas to discuss in the south bank of Pangong Lake. India has raised objections about Chinese deployment in the areas like Helmet Top and Black Top. It is said that India is in a more advantageous position, which China is objecting to.

Australia has officially entered its first recession after nearly 30 years, with the June quarter GDP numbers showing the economy went backward by 7%, the worst fall on record, official figures revealed on Wednesday.

According to the Australian Bureau of Statistics (ABS), the latest figure follows a fall of 0.3% in the March quarter this year, reports Xinhua news agency.

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