The Chairman Emeritus of the Oberoi Group, Prithvi Raj Singh Oberoi passed away on Tuesday, November 14 morning. He was 94 years old. Popularly known as "Biki", Oberoi had retired from his positions as executive chairman of EIH Ltd and chairman of EIH Associates Hotel Limited. The Oberoi Group runs a chain of luxury hotels, including The Trident Hotels and Oberoi Hotels & Resorts.

Oberoi is known for transforming the hospitality industry in India. He received his education in India, the United Kingdom, and Switzerland.

HCLTech, the Indian information technology services company, on Tuesday named Sonia Eland as its executive vice-president and country manager for Australia and New Zealand with effect from April 1, 2024.

Eland will be based in Sydney and she takes over from Michael Horton who is taking up a consulting role after spending around 10 years with HCLTech. Horton helped establish HCLTech as a trusted digital technology services partner in Australia and New Zealand, said the company.

The company formerly known as Twitter will be rolling out a new update to its algorithm in the coming days. X (formerly Twitter) owner Elon Musk, in a recent post, announced that the social media platform will be rolling out a 'major update' to the recommendation algorithm, which will help surface smaller accounts and posts outside users' network.

Currently, the 'For You' feed showcases popular and trending posts from the platform alongside posts from those who are in the following list.

The tranquility in India’s $3.7 trillion stock market is set to be broken as the world’s most populous nation heads to polls in about six months, according to Morgan Stanley.

While the Wall Street bank expects stocks to rise leading to the vote in keeping with recent history, any outcome outside of investors’ expectations could spark a slump of as much as 30% in India’s equity benchmarks.

Following the widespread violation of the firecracker ban across the National Capital Region (NCR), the air quality in Delhi and nearby cities worsened on Tuesday. On Monday morning, toxic haze had returned to Delhi, Noida, Gurugram and surrounding places following the Diwali celebration.

According to Central Pollution Control Board (CPCB) data, the air quality index (AQI) in ITO was registered at 430 at 6 AM, and the AQI in Jahangirpuri was recorded at 428. At 9 AM, AQI.CN pegged the air quality index (AQI) in the national capital 417.

State-owned insurer LIC on Friday reported a 50 per cent fall in net profit at Rs 7,925 crore for the quarter ended September 30, on lower income.

The country's biggest insurer had a net profit of Rs 15,952 crore in the year-ago period, LIC said in a regulatory filing.

In an alarming development, experts have revealed that there has been a 50 per cent jump in prevalence of diabetes among young individuals under 40 years of age in recent years in India, which is home to 74.2 mn diabetics. India is often dubbed as the diabetic capital of the world where nearly 11 per cent of the population is grappling with the disease.

Speaking at a recent health forum hosted by Practo, Hema Venkataraman, a consultant Endocrinologist from NHS, UK, and Medical Advisor at Practo Transform, said, “The prevalence of diabetes is 11 per cent all across India and diabetes is no longer confined to just older demographics.

The Enforcement Directorate (ED) has “provisionally attached” assets worth about Rs 50 crore belonging to Hero MotoCorp Executive Chairman Pawan Munjal in connection with a money-laundering investigation against him. These include three immovable properties (in the form of land) in Delhi, the central agency said in a statement on Friday.

The ED alleged that Munjal misused the Reserve Bank of India’s (RBI’s) liberalised remittance scheme (LRS) by illegally moving foreign currency and valuable items worth Rs 54 crore abroad and later using them for his personal expenses.

The Enforcement Directorate has arrested Amit Katyal, an alleged associate of RJD chief Lalu Prasad and his son Tejashwi Yadav, in connection with a money laundering investigation into the alleged land-for-jobs scam case, official sources said on Saturday.

Katyal was detained by the agency on Friday and was arrested after questioning, they said. He is expected to be produced before a local court where the ED will seek his custody for interrogation.

Reliance Industries Ltd’s (RIL’s) oil and gas vertical reported its record quarterly profit in the latest quarter (July-September), when the business reported an Ebitda (earnings before interest, taxation, depreciation, and amortisation) of Rs 4,766 crore.

In the quarter, a little over 10 per cent of RIL’s consolidated Ebitda came from its oil and gas business.

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