In a surprise development, N Sivaraman, managing director and group Chief Executive, of rating agency ICRA has resigned with immediate effect citing personal reasons. He joined ICRA in July 2020.

Ramnath Krishnan has been appointed as new MD and group CEO, the rating agency said in a statement. ICRA is an unit of global rating agency Moody's.

India saw a single-day rise of 16,326 new COVID-19 cases, taking the tally to 34,159,56, while the active cases have declined to 173,728, the lowest in 233 days, according to the Union health ministry's data updated on Saturday.

The death toll has climbed to 453,708 with 666 daily fatalities, according to the data updated at 8 am.

Federal health regulators said late Friday that kid-size doses of Pfizer's COVID-19 vaccine appear highly effective at preventing symptomatic infections in elementary school children and caused no unexpected safety issues, as the US weighs beginning vaccinations in youngsters.

The Food and Drug Administration posted its analysis of Pfizer's data ahead of a public meeting next week to debate whether the shots are ready for the nation's roughly 28 million children ages 5 to 11.

Ten gram of 24-carat gold was on Saturday selling at Rs 47,460, down Rs 10 from yesterday’s trading price. Silver was at Rs 65,300 per kg, down Rs 200 from yesterday’s trading price, according to the Good Returns website.

Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

Petrol and diesel prices were hiked for the fourth consecutive day across the country on Saturday.

With a hike of Rs 0.35, the petrol prices increased to Rs 107.24 per litre in the national capital while the price of diesel was raised by the same amount to Rs 95.97 per litre.

Walmart Inc is recalling about 3,900 bottles of an aromatherapy spray due to the possible presence of a rare and sometimes fatal bacteria, the US Consumer Product Safety Commission (CPSC) said on Friday.

The US Centers for Disease Control and Prevention (CDC) tested a version of the Better Homes and Gardens-branded spray and found Burkholderia pseudomallei, which causes the potentially fatal condition melioidosis.

Reliance Industries on Friday reported a 10.5 per cent rise in its retail arm's sales to Rs 45,450 crore for the quarter ended September against Rs 41,124 crore posted in the year-ago period.

The net profit for the quarter of Reliance Retail was Rs 1,695 crore — higher by 74.2 per cent year-on-year. Sales in the September quarter when compared to June quarter was up 17.9 per cent.

Walmart-owned digital payments firm PhonePe has approached the Bombay High Court seeking an injunction to restrain its rival Resilient Innovations (BharatPe) from misusing PhonePe's registered trademarks by using and promoting the marks 'PostPe' / 'postpe'.

During the hearing, the Hon'ble Court observed that the mark PostPe adopted by Resilient Innovations is so phonetically, structurally and visually similar to PhonePe mark that he also thought that PostPe/postpe is a natural evolution of the word PhonePe and emanated from PhonePe, said PhonePe spokesperson in response to a query on Friday.

FSN E-Commerce Ventures, operator of Nykaa beauty stores, has fixed the price band of Rs 1,085-Rs 1,125 for its maiden public share sale. The initial public offering (IPO) will remain open on October 28 and close on November 1.

At the top-end, the beauty startup will be valued at Rs 53,200 crore ($7 billion).

Congress General Secretary Priyanka Gandhi on Friday launched a scathing attack on the Centre over the issue of inflation, saying the income of 97 per cent household has declined.

Taking to Twitter, she said: "When you buy petrol and diesel, remember that Modi government has earned 23 lakh crore through tax.

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