IT services company, Infosys, on Tuesday announced it has been selected by Australian express logistics business, Global Express, to separate the technology landscape post divestment from Toll Holdings.

Building on its strategic collaboration with Global Express to drive hybrid cloud-powered innovation, Infosys will leverage the blueprints and tools from Infosys Cobalt, a set of services, solutions and platforms for enterprises to accelerate their cloud journey.

Soon India may have its first indigenous mRNA vaccine that is stable at 2-8 degrees Celsius as the expert panel advising the Central Drugs Standards Control Organisation (CDSCO) has green-signalled Gennova Biopharma's mRNA vaccine candidate for Covid19.

The Subject Expert Committee (SEC) has recommended granting the Emergency Use Authorisation (EUA) to the country's first mRNA-based Covid-19 vaccine in a meeting held on Friday, according to reports.

Billionaire philanthropist Pallonji Mistry died early today morning at his home. He was 93.

Mistry, whose family has owned a sprawling construction business for over a century -- the Shapoorji Pallonji Group and 18.4 per cent stake in Tata Sons, is survived by his sons Shapoor and Cyrus and a daughter, Aloo. Mistry was ailing for a long time, group officials said.

Shares of Zomato extended their decline as they shed 7.5 per cent on Tuesday, to hit a low of Rs 61 per share on the BSE. The stock has declined 14 per cent in two days after it announced the acquisition of quick commerce firm Blinkit.

Over the weekend, the company announced acquisition of loss-incurring firm Blinkit for Rs 4,447 crore.

In a second major ruling on seconded employees in recent times, the Karnataka High Court has set aside an order of the Income-Tax Department that called upon Flipkart Internet to withhold tax on the payments it made to Walmart as remuneration to the staff it hired from the US major.

Seconded employees refer to those sent on deputation for a stipulated period for the mutual benefit of the companies concerned.

The government’s consumer affairs department said in May will create a framework to curb fake reviews. Now, a recent survey by LocalCircles finds 58 per cent of consumers said e-commerce websites don’t publish their negative ratings and reviews.

LocalCircles said the survey received over 69,000 responses from more than 38,000 unique consumers in 284 Indian districts.

India has reported over 45 per cent single-day rise in new Covid cases after 17,073 infections were reported in a span of 24 hours, the Union Ministry of Health and Family Affairs said on Monday.

On Sunday, a total of 11,739 Covid cases were reported.

The country has also reported 21 new Covid deaths, taking the nationwide toll to 5,25,020.

In a relief to rebel Shiv Sena lawmakers, the Supreme Court Monday kept in abeyance the disqualification proceedings before the Deputy Speaker of the Maharashtra Assembly till July 11 and sought responses to pleas by rebel MLAs questioning the legality of notices seeking their disqualification.

The top court, however, refused to pass any interim order on the plea of the Maharashtra government that there should not be any floor test in the Assembly and said they cannot always approach it in case of illegality.

Bajaj Auto Ltd on Monday said its board has approved a share buyback programme for an aggregate amount of up to Rs 2,500 crore.

The board of directors of the company, at its meeting held on Monday, approved the proposal for buyback of the fully paid up equity shares of the company with a face value of Rs 10 each from existing shareholders, except promoters and promoter group, from open market on the stock exchanges, Bajaj Auto said in a regulatory filing.

Airbus SE has emerged as the front-runner to win an aircraft order worth as much as $5.5 billion from Jet Airways India Ltd., people familiar with the matter said, solidifying the European planemaker’s hold in the world’s fastest-growing aviation market.

Tha talks are for A320neo jets and A220 planes, the people said, asking not to be identified because the deliberations are private. Boeing Co. and Embraer SA are also in discussions and no final decision has been taken, the people said. Although, at sticker prices, any transaction would be north of $5 billion, discounts are common in such large purchases.

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