Shares of TVS Motor Company hit an over two-year high of Rs 793.45, surging 11 per cent on the BSE in Tuesday's intra-day trade, on reports that the company is in talks to raise funds for its electric vehicle (EV) subsidiary. The stock of the company, engaged in automotive vehicles and parts business, was trading close to its record high level of Rs 795 touched on January 2, 2018.

The company's board on October 21, 2021 had approved the incorporation of a subsidiary to undertake the electric mobility business. It will invest Rs 1,000 crore on product development and capacity expansion.

PayPal Holdings Inc on Monday reported a third-quarter profit above Wall Street estimates, as more people used digital modes of payment to shop and transactions rose through its peer-to-peer payment service Venmo.

PayPal emerged as one of the big winners of the Covid-19 pandemic as businesses increasingly moved online and consumers preferred using phones and other digital means to pay bills and shop online.

Global Covid-19 cases surpassed 250 million on Monday as some countries in eastern Europe experience record outbreaks, even as the Delta variant surge eases and many countries resume trade and tourism.

The daily average number of cases has fallen by 36 per cent over the past three months, according to a Reuters analysis, but the virus is still infecting 50 million people worldwide every 90 days due to the highly transmissible Delta variant.

Heavy rains and thunderstorms have been lashing Chennai for the last couple of days, and the city has come to a standstill due to the waterlogged streets and flooded localities. Authorities have issued warnings to the locals and people are currently being evacuated from their homes in Chennai.

Parts of Tamil Nadu received extremely heavy rainfall over the weekend, which is bound to continue for a few days.

Local language social pla­t­­form ShareChat is be­t­ting big on cricket as a sub-category, beginn­ing with the IPL and the Int­e­r­national Cricket Coun­cil Twenty20 World Cup season.

This will be aided by audio chatroom sessions with well-known players like Virender Sehwag, Ravichandran Ash­win, Gautam Gambhir, Shik­har Dhawan, Ajit Agarkar and Akash Chopra.

The Future group on Monday moved Supreme Court to appeal against a Delhi High Court, which had endorsed a Singapore arbitration panel’s decision to freeze the ~24,700 crore transaction with Reliance Retail.

American retail giant Amazon, which owns 9.9 per cent stake in Future Courpons Pvt Ltd a promoter entity of Future Retail, had sought to block the Reliance Retail and Future deal saying the deal violates Amazon and Future's no compete deal.

Shares of Barbeque Nation Hospitality surged 9 per cent to Rs 1,782.55 on the BSE in the intra-day trade on Monday, and has gained a solid 46 per cent in just six trading days, after the firm reported strong September quarter earnings.

The stock was trading at its highest level since its market debut on April 7, 2021. With the past six days' rally, the stock has zoomed 257 per cent from its issue price of Rs 500 per share. In comparison, the S&P BSE Sensex was down 0.16 per cent at 59,970 points at 10:43 am in trade today.

Shares of UltraTech Cement hit a record high of Rs 8,219.95, up 4 per cent on the BSE in Monday’s intra-day trade on strong demand outlook in an otherwise subdued market. In comparison, the S&P BSE Sensex was down 0.41 per cent at 59,856 points at 10:11 am.

The stock of Aditya Birla Group Company surpassed its previous high of Rs 8,070.60 touched on September 4, 2021. In past two weeks, the stock has rallied 15 per cent from a level of Rs 7,147 on October 25.

The air quality in various parts of the national capital continues to remain in the 'severe category', informed the System of Air Quality and Weather Forecasting And Research (SAFAR) on Monday.

As per SAFAR's analysis, an overall air quality index (AQI) of 432 was reported in the national capital today morning.

In the last 24 hours, India registered 11,451 new Covid-19 cases and 266 deaths, the Union Health Ministry said on Monday.

The new fatalities increased the nationwide death toll to 4,61,057.

The recovery of 13,204 patients in the same time period has increased the cumulative tally to 3,37,63,104. Consequently, India's recovery rate stands at 98.24 per cent, the highest since March 2020.

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