Two doses of Covaxin, the India-made vaccine, are 50 per cent effective against symptomatic Covid-19, said an independent study by researchers based on real-world assessment .

Results of the interim study, which was published in The Lancet Infectious Diseases Journal, showed that two doses of the vaccine manufactured by Bharat Biotech Covaxin, also known as BBV152, had 77.8 per cent efficacy against symptomatic disease and present no serious safety concerns.

The Maharashtra government on Tuesday offered an interim salary hike to protesting MSRTC staffers as the stir entered its 27th day, even as the undertaking said it had managed to run 236 services till evening.

The employees of Maharashtra State Road Transport Corporation (MSRTC) have gone on strike demanding its merger with the state government, which will give them better salaries and greater job security. All 250 ST bus depots have been shut since November 9, though the stir started from October 28.

Union Minister Gajendra Singh Shekhawat on Tuesday asserted that the BJP will form the next government in Punjab and said the astute voter understands that other parties have miserably failed and now in a desperate attempt trying to woo people by announcing freebies.

These parties have exposed themselves and will be routed in the 2022 assembly elections, Shekhawat, who is BJP's in-charge for the Punjab polls, told a party meeting here.

Fashion e-commerce platform Myntra on Tuesday announced its foray into social commerce at scale with the launch of M-Live to cater to the rapidly evolving content consumption patterns and shopping preferences of consumers.

M-Live brings a first-of-its-kind, interactive and real-time live shopping experience to the fingertips of millions of shoppers in the country, according to a statement.

At least a dozen Indian companies working on initial public offerings are now under extra investor scrutiny following the disastrous debut of digital payments startup Paytm, the country’s biggest ever IPO.

Offerings on the radar include that of Oravel Stays Ltd., the operator of hotel-booking startup Oyo, which is looking to raise nearly $1 billion. Other sizable listings include API Holdings Ltd., the parent of online pharmacy PharmEasy, and logistics company Delhivery Ltd.

ICICI Bank on Tuesday announced the launch of ‘Trade Emerge’, an online digital banking and value-added services for exporters and importers.

‘Trade Emerge’ will include current / saving accounts, comprehensive trade services such as letter of credit, bank guarantee, trade credit, corporate internet banking, foreign exchange solutions and other features.

Vodafone Idea said on Tuesday it will hike its telecom tariffs by at least 20 per cent from November 25, following bigger rival Bharti Airtel’s announcement yesterday.

Vodafone Idea (Vi) is increasing prepaid tariffs by 20-25 per cent and top-up plan tariffs by 19-21 per cent. The new tariff plans "will start the process of ARPU (average revenue per user) improvement and will help address the financial stress faced by the industry,” the company said in a press release.

Employees of India's Future Retail have asked the Supreme Court to allow the company to sell its retail assets and rule against Amazon.com Inc in an ongoing dispute, citing risks to 27,000 jobs, according to a legal filing seen by Reuters.

Future has failed to close its $3.4 billion deal to sell its retail assets to market leader Reliance Industries due to successful legal challenges by Amazon, which argues that Future violated some pre-existing contracts the two sides had struck, by deciding to sell its retail assets to Reliance.

Swiggy’s food delivery revenues grew 56 per cent year-on-year in the April-September, according to regulatory filings by the Indian company’s Dutch investor Prosus. Revenues grew 91 per cent compared to levels before the coronavirus and grocery revenues are up 75 per cent since March 2021.

Swiggy’s number of orders grew 99 per cent YoY in the July-September quarter and lockdowns this year to contain the coronavirus had limited impact.

Shares of One97 Communications, the parent company of digital payments major Paytm, were trading firm up 7 per cent at Rs 1,453 on the BSE in Tuesday’s intra-day trade after a sharp 37 per cent fall in past two trading days post debut. The stock of the India's leading digital ecosystem for consumers and merchants had made market debut on Thursday, November 18, 2021.

On Monday, the stock hit an intra-day low of Rs 1,271, and had fallen 41 per cent against its issue price of Rs 2,150 as investors remain cautious on the company's lofty valuation and remain sceptical about its business model.

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