Former British Prime Minister Boris Johnson -- ousted by ethics scandals just three months ago -- has jockeyed to make a comeback as one of several contenders seeking to replace Liz Truss, whose rapid downfall threw the country's leadership into disarray at a time of severe economic challenges.

The governing Conservative Party has ordered a lightning-fast race that aims to finalise nominations on Monday and install a new prime minister, its third this year, within a week.

Reliance Jio Chairman Akash Ambani will launch 5G services in Rajasthan from the famous Shrinathji temple in Nathdwara, Rajsamand, on Saturday, Reliance officials told IANS.

As per the information received, Akash Ambani will reach Udaipur on Saturday morning by a special plane, from where he will travel to Nathdwara to launch 5G services in the desert state.

Venture capital firm Silverneedle Ventures on Friday said it has launched a Rs 100-crore fund and plans to invest in 30 startups in the next 18 months.

The fund was founded by Ajay Jain and Deepesh Agarwal, who were also the founders of Xseed Partners, and it was approved by market regulator Securities and Exchange Board of India (SEBI) in August.

Bain Capital is among firms considering a bid for polyester film manufacturer Polyplex , according to people familiar with the matter.

The Boston-based buyout firm has been sounding out financing for the potential offer, which could value Polyplex at more than $1 billion including debt, said the people, who asked not to be identified as the information is private. The Mumbai-listed company has also attracted interest from other firms in the industry, the people said.

Serum Institute of India (SII) had to defer HPV vaccine production by two years due to the focus on COVID, and will start supplying small quantities of the dose to the Indian government in early 2023, a top official has said.

Exports will have to wait till 2024, its chief executive Adar Poonawalla told reporters here on Thursday evening, adding that the company has to build a scale of manufacturing to over 150 million for that.

The rupee depreciated 12 paise to 82.91 against the US dollar in morning trade on Friday tracking a firm American currency in the overseas market.

At the interbank foreign exchange, the domestic unit opened at 82.89 against the dollar, then lost further ground to 82.91, registering a loss of 12 paise over its previous close.

The IMD Thursday said that the possible cyclone in the Bay of Bengal is likely to reach West Bengal-Bangladesh coasts by October 25, skirting Odisha.

The IMD in a statement said that a low pressure area has formed in the Bay of Bengal on Thursday and is likely to intensify into a cyclonic storm on October 24.

Indian digital payments firm PhonePe is in talks to raise funds in a round led by General Atlantic at a valuation of $12 billion, financial news website Moneycontrol reported on Friday, citing people aware of the matter.

U.S. private equity group General Atlantic is likely to lead the round with an investment of $450 million to $500 million, the report said.

Shares of ITC hit an all-time high of Rs 354, up 1 per cent on the BSE in Friday’s intra-day trade after the company reported solid earnings for the September quarter (Q2FY23).

The stock surpassed its previous high of Rs 353, which it touched on July 3, 2017. Thus far in the calendar year 2022 (CY22), ITC has outperformed the market by zooming 62 per cent, as compared to 0.53 per cent rise in the S&P BSE Sensex.

Amid the entire buzz around moonlighting, India’s second-largest IT firm Infosys has allowed its employees to take up gig work in their personal time, after getting the prior consent of their manager.

According to an internal email addressed to managers at Infosys, the company has notified its managers about the company’s guidelines around gig work.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.