Vikram S Kirloskar, the vice chairman of Toyota Kirloskar Motor Pvt Ltd, passed away on Tuesday at the age of 64, according to a company statement.

The statement did not mention what caused his death, but initial reports said he suffered a massive heart attack.

HSBC has agreed to sell its business in Canada to Royal Bank of Canada for $13.5 billion Canadian dollars ($10.04 billion) in cash.

The sale comes as HSBC pursues a strategy of focusing its resources on its core markets, amid pressure from its biggest shareholder Ping An to improve its performance.

The Centre may soon do away with separate contributions towards provident funds, pensions and insurance for small enterprises, allowing them to make a single payment towards the social security of their employees, as reported by Economic Times (ET). This is expected to boost compliance among small firms.

Currently, companies have to make separate payments towards the Employees' Provident Fund Organisation (EPFO) and Employees' State Insurance Corporation (ESIC).

The contest in Khambhalia has emerged as one to watch out for after the Aam Aadmi Party's chief ministerial candidate Isudan Gadhvi decided to contest from the seat where he is locked in a keen triangular fight with incumbent Congress MLA Vikram Madam and BJP's Mulubhai Bera.

A popular Gujarati news anchor before entering politics by joining the AAP, Gadhvi enjoys a good image and has emerged as his party's main campaigner in the state but social equations in the constituency pose a challenge to him, poll watchers say.

Andhra Pradesh IT Minister and YSR Party Legislator Gudivada Gudivada Amarnath on Monday said that chief minister YS Jagan Mohan Reddy would start governance from proposed executive capital Vizag from April 2023.

"Justice will prevail because of the sincerity of CM Jagan's government for decentralization. Capital is not the decision of a few selfish people, it is the aspiration of all the people of the state," Amarnath said.

As part of PhonePe's new financing round, Flipkart is likely to go for a $700 million employee stock buyback. In this round, PhonePe is expected to raise $1.5-2 billion and the round will be led by Walmart, a report in the Economic Times (ET) said.

The round will readjust Flipkart's valuation from $37.6 billion to $33 billion and PhonePe will have a separate shareholding structure.

Gautam Adani is ready to unveil his much-hyped super-app, made by an in-house startup he wants to be “the Ferrari of the digital world.” The portal will take off in the next three to six months, Asia’s richest tycoon told the Financial Times in a recent interview. But Adani seems to have missed the sweet spot when demand for online services boomed during the pandemic. Now, the tech industry is in turmoil globally. Meanwhile, competition in Indian e-commerce is intense. Will Adani’s Ferrari get stuck in bumper-to-bumper traffic?

The mobile app will connect passengers at Adani’s network of airports with other services offered by his group, the FT said.

As per the induction plan, Air India has received its first Boeing 777-200 LR. Vihaan, which means dawn of a new era, is the name given to the aircraft with registration VT-AEF.

Vihaan.AI is Air India's transformational roadmap over five years with clear milestones.

Shares of Hero MotoCorp gained nearly 4 per cent to Rs 2,803.15 on the BSE in Monday's intra-day trade after the two-wheeler major said it will increase the prices of its motorcycles and scooters by up to Rs 1,500, with effect from December 1, due to inflationary cost pressures.

In the past three trading days, stock of the two-three wheelers company has rallied 5.5 per cent. In comparison, the S&P BSE Sensex was down 0.04 per cent at 62,271 at 09:26 AM.

The BJP is confident of maintaining its winning streak in Kutch district in Gujarat Assembly polls even as the Congress is carrying out a silent campaign in rural areas and the Aam Aadmi Party is setting the stage for a three-cornered fight by throwing its hat in the ring.

The All India Majlis-E-Ittehadul Muslimeen (AIMIM) is contesting in two minority-dominated seats.

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