Shares of IndusInd Bank slumped 10 per cent to Rs 1,069.90 on the BSE in Monday's opening trade despite the bank management strongly refuting allegations around the evergreening of loans, citing media reports as inaccurate and baseless.

With today's decline, the stock has slipped nearly 14 per cent from its 52-week high of Rs 1,242 on October 28, 2021. In comparison, the S&P BSE Sensex was down 0.22 per cent at 59,935 points at 09:30 am.

Ola Financial Services (OFS) -- a subsidiary of Ola -- is looking to expand its insurance business internationally to support the company's mobility service through products designed for the UK and Australia and New Zealand (ANZ) markets.

Ola's parent company ANI Technologies said OFS had a turbulent year (FY21) with the impact of external factors on the lending environment in general and the double impact on mobility business and its spillover to the OlaMoney brand.

Express logistics company TCI Express is looking to begin deliveries using drones by the end of the ongoing fiscal, a top company official said.

Recently, the company concluded its initial trials, TCI Express Managing Director (MD) Chander Agarwal told PTI.

The country's largest carmaker Maruti Suzuki India is keeping a close watch on the price movement of commodities, which had touched an 'unprecedented' high in the second quarter, to fix its vehicle prices in the future as it has not fully passed on the impact to consumers, according to a senior company official.

The company is hoping for a softening of commodity prices, which also move cycles, having sort of reached the peak.

Responding to the World Health Organization's (WHO) warning of a new COVID-19 wave, AIIMS Doctor and Epidemiologist Dr Sanjay K Rai on Friday said that it is unlikely if a large population has already been already infected by the virus.

The WHO had earlier warned of a massive COVID-19 wave in Europe and Central Asia. It also said that over 5,00,000 deaths (combined) are likely in this region by February 2022.

The Income Tax Department has frozen deposits worth over Rs 53 crore of an urban credit cooperative bank in Maharashtra after it found "glaring irregularities" in the opening of accounts in a recent raid, the CBDT said on Saturday.

The department raided the headquarters of the bank and the residence of its chairman and a director on October 27, it said.

Mainland China reported 55 new Covid-19 cases on Nov. 6, down from 78 a day earlier, the country's national health authority said on Saturday.

The National Health Commission said in its daily bulletin that 40 of the new cases were locally transmitted, down from 68 the previous day, with 16 in the northeast border province of Heilongjiang.

The Air Quality Index of Delhi continued to remain in the 'severe' category, informed the Centre-run System of Air Quality and Weather Forecasting and Research on Saturday (November 6).

As per SAFAR's analysis at 6 am today, Delhi's overall air quality was found to be in the 'severe' category with the overall AQI standing at 533.

US pharmaceuticals company Pfizer has come out with an antiviral COVID-19 pill Paxlovid that cuts the risk of hospitalisation or death by 89% in vulnerable adults, clinical trial results suggest. The drug is intended for use soon after COVID-19 symptoms develop in people at high risk of severe disease.

Pfizer's Paxlovid pill could get approval from the US regulator by the end of the year. The company says it plans to submit interim trial results to the Food and Drug Administration (FDA) before November 25.

West Bengal on Friday recorded 763 fresh Covid-19 cases, 155 less than the previous day's figure, while the number of fresh fatalities also dropped marginally from 14 on November 4 to 13, according to a health department bulletin.

The state's Covid-19 death toll went up to 19,201 with 13 fatalities while 763 new cases pushed the tally to 15,97,095.

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