Facebook started testing a tool on Monday that lets users move their images more easily to other online services, as it faces pressure from regulators to loosen its grip on data.

The social network's new tool will allow people to transfer their photos and videos directly to competing platforms, starting with Google Photos.

A 27-year-old Indian-origin man has been convicted for conspiring to distribute an opioid pain medication outside the usual course of professional practice and without any legal medical purpose.

Anmol Singh Kamra of Philadelphia, a pharmacy technician conspired with George Fisher, a physician, and Frank Brown, both charged separately, to illegally distribute thousands of oxycodone pills to people suffering from addiction.

Lack of marquee investors and fear that the Reserve Bank of India (RBI) will not clear the investments by the new investors hit the share price of YES Bank on Monday. The bank's stock closed 6.2 per cent down at Rs 64 a share. The bank's dollar bonds due in February 2023 also fell the most in two months.

On Friday evening, the bank had announced that its board had agreed to raise $2 billion from an assortment of investors. Of this, $1.2 billion will come from Canada-based businessman Erwin Singh Braich and SPGP Holdings. The second big investment was coming from CITAX Holdings.

Shares of Eicher Motors dipped 5 per cent to Rs 21,853 intra-day on BSE on Monday as investors booked profit after the company reported disappointing motorcycle sales in November 2019.

The company that manufactures the iconic Royal Enfield (RE) brand of motorcycles which leads the premium motorcycle segment in India recorded 8 per cent drop in total two-wheeler sales at 60,411 units in November 2019.

Billionaire Ajay Piramal's shadow banking unit has borrowed Rs 11 billion ($153 million) from Barclays Plc to refinance part of its existing debt and extend new loans, according to people familiar with the development.

While the rate of interest is 7.5 per cent on the four-month loan deal signed last week between Piramal Capital & Housing Finance Ltd.

TVS Motor has reported a 26.52 per cent drop in domestic two-wheeler sales during November, to 191,222 units from 260,253 units the same month a year ago, owing to huge pressure is its scooter segment.

The company has attributed the decline to the advancing of the Diwali season by a month and the planned adjustment of BS IV stocks.

Bajaj Auto on Monday reported a marginal dip of 0.9 per cent in total sales at 403,223 units in November this year.

The company had sold 406,930 units in the same month a year-ago.

While the transport ministry has given a two-week extension to the roll-out of electronic toll collection - FASTags - across the national highways, tech companies and service providers are all set to switch to this mechanism.

Several tech companies said sales of FASTags have almost tripled in the last few days. Service providers have also bolstered their backend tech to tackle any sort of lag caused by surge in usage of these at toll booths.

Finance Minister Nirmala Sitharaman said the statement by Rahul Bajaj, chairman of Bajaj Group, on Saturday that India Inc was afraid of criticising the Narendra Modi government can hurt national interest, if it gains traction.

The Home Minister Amit Shah answers on how issues raised by Bajaj were addressed. Questions/criticisms are heard and answered/addressed. Always a better way to seek an answer than spreading one's own impressions, which, on gaining traction, can hurt national interest, Sitharaman said on Twitter.

National Stock Exchange (NSE) on Monday suspended the license of Karvy Stock Broking with effect from today (December 2, 2019) due to non-compliance of the regulatory provisions of the Exchange.

In a circular, the exchange informed that the brokerage firm has been suspended from capital market, Futures & Options (F&O), Currency derivatives, Debt, Mutual Fund Service System (MFSS) and commodity derivatives segments.

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