A day after insurance regulator Irdai's final approval, HDFC Life Insurance on Friday announced completion of Exide Life merger.

This marks the completion of the first-ever merger and acquisition (M&A) transaction in the Indian life insurance sector, HDFC Life said in a statement.

HDFC Life had completed the acquisition of Exide Life in January 2022.

Bihar Chief Minister Nitish Kumar on Friday vowed that he would never ally with the Bharatiya Janata Party again, and said that he will work for the progress of the country along with Bihar.

The Chief Minister hit out at the BJP for targeting him since the split of the BJP-JD(U) alliance in August this year, and alleged that the former ally is trying to create a conflict in the Mahagathbandan.

The world's largest passenger plane Airbus A380 operated by Emirates' arrived at the Kempe Gowda International Airport in Bengaluru on Saturday.

Bengaluru became the first southern city in the country where services of world's largest passenger aircraft is launched.

India has been a leader in digitalisation over the last few years and has overcome some of the administrative bottlenecks through increased innovation, a senior International Monetary Fund official said.

Digitalisation has taken on added importance as the world exits the COVID-19 pandemic, Anner-Marie Gulde-Wolfe, deputy director at the IMF's Asia Pacific Department, told reporters at a news conference here on Friday.

Shares of FSN E-Commerce Ventures (Nykaa) were down 1 per cent to hit a new low of Rs 1,206.90 on Friday, in an otherwise firm market.

The stock hit lowest level since its listing in November last year and was down the fourth straight day at Rs 1,206.90, falling 6 per cent, during the period. In comparison, the S&P BSE Sensex was up 1.8 per cent at 58,245 points at 01:36 PM.

Pernod Ricard's India head, Thibault Cuny, has stepped down from his role due to health reasons, the French spirits giant said on Friday, marking a high-profile exit at a time the company is fighting regulatory and legal battles in the country.

Cuny, who has been dealing with health concerns for some years, will take a break from his professional duties on medical advice, but will stay on with Pernod, the company said in its statement to Reuters.

Shares of Anand Rathi Wealth hit a 52-week high of Rs 732.45 as the stock soared 8 per cent on the BSE in Friday’s intra-day trade after the company reported a strong 41 per cent year-on-year (YoY) growth in consolidated net profit at Rs 43 crore, on back of healthy revenue growth. Total revenue increased 33 per cent YoY at Rs 138 crore during the quarter.

The stock of non-bank wealth solutions firm surpassed its previous high of Rs 712, which it touched on April 19, 2022. The company made its stock market debut on December 14, 2021.

In September, India's monthly exports of mobile phones crossed the $1 billion threshold (more than Rs 8,200 crore), for the first time ever, reported The Economic Times. Mobile phone exports received a boost from the government's production-linked incentive (PLI) scheme, which encouraged major corporations like Apple and Samsung to improve domestic manufacturing for both, domestic and international, markets.

Data, only available to ET, shows that from April to September, mobile phone shipments more than doubled to $4.2 billion from $1.7 billion during the same time period in 2021.

The UK government is unlikely to provide a 1.5 billion pound subsidy package to Tata Sons for the anticipated switch to green energy, the Economic Times reported. As a result, Tata Sons is considering exiting Tata Steel's UK operations.

According to Tata Sons, in order to keep the factory running, it will be necessary to replace the carbon-intensive blast furnaces with electric arc furnaces over the next few years.

Congress' Bharat Jodo Yatra led by Rahul Gandhi will enter Andhra Pradesh on Friday.

Flanked by former Karnataka chief minister Siddaramaiah and top leaders of the party, Gandhi resumed the march from Rampura here in the morning after a night halt.

The former Congress president will have a brief stay at Obalapuram in Anantapur district of Andhra Pradesh, party workers said.

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