India’s third-largest private sector lender, Axis Bank, has completed the acquisition of Citibank India’s consumer business and the consumer business of its non-banking finance arm, Citicorp Finance (India) Ltd, for Rs 11,603 crore instead of Rs 12,325 crore estimated earlier.

In a notification to the exchanges, Axis Bank said “…the businesses of Citibank NA and Citicorp Finance Ltd stands transferred to Axis Bank.

India logged 240 new coronavirus infections, while the active cases climbed to 2,335, according to the Union Health Ministry data updated on Wednesday.

The death toll stands at 5,30,772 with one fatality reported by Rajasthan, the data updated at 8 am stated.

Tata Group’s talks for a majority stake in Bisleri International Pvt, one of India’s largest bottled water makers, have stalled over valuation, according to people familiar with the matter.

The Indian conglomerate had been in advanced discussions to take control of Bisleri and the parties were working on finalizing the structure of a transaction, the people said.

Petroleum and oil marketing companies raised the price of commercial liquid petroleum gas (LPG) cylinders by Rs 350.50 per unit and domestic LPG cylinders by Rs 50 per unit with immediate effect from Wednesday.

As per the revised rates, commercial LPG cylinders will now cost Rs 2,119.50 per unit in Delhi and price of domestic LPG cylinders will be Rs 1,103 per unit, in the national capital.

Singapore Airlines' deal with Tata Sons (Tata) will inject a further SGD 360 million (USD 267 million) into Air India. It will give SIA a 25.1 per cent stake in the enlarged Air India group following its takeover by Tata and merger with Vistara Airlines.

The November 2022 deal between Singapore Airlines and Tata Sons to further inject USD 267 million into Air India is one of the key strategic initiatives for future growth mentioned in the quarterly financial report.

Gold prices fell Rs 160 in Tuesday's early trade with ten grams of 24 carat gold trading at Rs 56,020, according to the GoodReturns website. Silver prices fell Rs 700, with 1 kg of silver selling at Rs 67,800.

The price of ten grams of 22 carat gold fell Rs 150 from yesterday's close to Rs 51,350.

The price of ten grams of 22 carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 51,350.

The BJP hit out at the AAP for protesting against the arrest of Delhi Deputy Chief Minister Manish Sisodia, asserting that the CBI is acting lawfully against the "corrupt" but it seems that the city's ruling party does not believe in law, Constitution and people.

Addressing a press conference, BJP leader Gaurav Bhatia said, "With its 'drama' and show of 'anarchy', the AAP has signalled that it will not let probe agencies do their work which amounts to obstructing the process of justice and contempt of court."

Hitting out at the BJP-led government at the Centre, the CPIML(L) on Monday said the arrest of Delhi's deputy chief minister Manish Sisodia by the CBI was an assault on democracy.

In a statement, CPIML(L) general secretary Dipankar Bhattacharya said Sisodia was arrested on the "flimsy pretext" of non-cooperation.

US Republican Party Presidential candidate Nikki Haley on Tuesday said that COVID likely came from a Chinese lab and asked to cut US aid to China.

"COVID-19 likely came from a Chinese lab. Cut US aid. Not a cent to Communist China," Haley tweeted on Tuesday.

Haley recently said that if voted to power, she will cut every cent in foreign aid for countries that hate the US.

Pepsi has signed up Ranveer Singh as its new brand ambassador as it switches to a new tagline — “Rise Up, Baby!”

The change in tagline comes at a time of the year when demand for cold beverages typically witnesses its highest demand.

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