The situation in Assam continues to remain grim on Tuesday as nearly 1100 people of 83 villages have been affected by the deluge caused by the cyclonic storm 'Sitrang'.

Several houses were damaged due to Cyclone Sitrang which caused heavy rainfall and a storm in Assam.

Walmart Inc-backed Flipkart is considering raising $2 billion to $3 billion at a valuation of more than $40 billion to expand its product range in India and challenge rivals, the Mint reported on Tuesday, citing two people with direct knowledge of the matter.

The world's biggest retailer is keen to bring in strategic investors for the Indian company, but is also open to selling to large pure-play investment firms, the report said, citing one of the two people.

Cyclone Sitrang crossed the Bangladesh coast near Barisal after skirting the West Bengal coast, the IMD said on Tuesday.

The weather in the southern West Bengal districts is likely to improve from forenoon, the India Meteorological Department (IMD) said.

The system, which moved towards Bangladesh from north Bay of Bengal at a speed of 56 kmph caused moderate to heavy rain and squally weather in West Bengal's coastal districts of South 24 Parganas, North 24 Parganas and Purba Medinipur, dampening festive spirits on Deepavali and Kali Puja.

Banking services across the nation will get affected on November 19, with members of the All India Bank Employees' Association (AIBEA) going on strike, said an official.

The members will strike work in protest against targeted victimisation of bankers for being active in the union.

According to AIBEA General Secretary C.H. Venkatachalam, in the recent period, the attacks are not only increasing but there is a common thread in all these attacks.

Jakson Green has inked a pact to invest Rs 22,400 crore to set up a green hydrogen and green ammonia project, in phases, in Rajasthan.

The company has signed a Memorandum of Understanding (MOU) with the government of Rajasthan to this effect, Jakson Green said in a statement.

The 6000 crore fireworks industry of Sivakasi, which has turned mainly into green crackers, is now planning to tap the international firecracker industry hitherto dominated by Chinese players. While China has a huge global footprint in the export market of fireworks with an annual turnover of Rs 26,000 crore, the Sivakasi industry is trying to get a small fraction of the business.

The constitution of the CSIR-NEERI lab at Sivakasi at a cost of Rs 15 crore has helped the testing of emission level of the green firecrackers being manufactured in the Virudhunagar district helping the industry fall under the green cracker norms.

To record all the words ever spoken by humankind, five exabytes of storage would be enough. Indian tycoon Mukesh Ambani’s telecom customers used up nearly six times as much data last quarter. As the billionaire businessman targets his 428 million subscribers with a new 5G service and seeks to lure another 300 million feature-phone users to smartphones, the challenge facing him has changed. When he was starting out six years ago, how to sell data in a developing country was the big issue. What to sell next to someone who’s already guzzling data is the question now.

A consortium led by Japan Industrial Partners Inc. is considering a takeover of Toshiba Corp. at a valuation of about 2.4 trillion yen ($16.1 billion) in what could be Asia’s biggest buyout this year, according to people familiar with the matter.

The JIP-led group, which is the preferred bidder to take the Japanese industrial group private, plans to provide 1 trillion yen in cash, while seeking financing totaling 1.4 trillion yen from banks along with a committed line of credit of 200 billion yen in working capital, said the people, who asked not to be identified as the matter is private.

The Board of Reliance Industries Limited (RIL) on Friday approved a scheme of arrangement under which the EPC and Infrastructure Undertaking of Reliance Projects and Property Management Services Limited (RPPMSL), a wholly owned subsidiary of RIL is proposed to be demerged into RIL.

This demerger, together with the existing EPC team in RIL, creates a focused EPC undertaking in RIL to cater to the needs of the group, a RIL release said.

The BJP, after losing elections in different states, purchased the MLAs and formed the government undemocratically through the backdoor, CPI-M General Secretary Sitaram Yechury said here on Friday.

Addressing a mammoth rally here, he said that the BJP formed governments in Goa, Karnataka, Madhya Pradesh, Maharashtra and northeastern states after purchasing the MLAs after they failed to get the people's mandate in the Assembly elections.

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