The customs department has reportedly asked Adani Ports and Special Economic Zone to explain a ban at the company’s Mundra port on handling export and import of container cargoes from Iran, Pakistan and Afghanistan from November 15.

The department 10 day ago sent a letter to tell India’s largest port operator it needed permission from the Directorate General of Foreign Trade under the country’s exim policy, the Economic Times reported Wednesday quoting an unnamed civil servant.

Shares of Tata Motors hit an over four-year high of Rs 536.50, up 3 per cent on the BSE in Wednesday's intra-day trade, having gained 6 per cent in the past two days on demand recovery hope. The stock of the Tata Group commercial vehicles maker was trading at its highest level since February 2017. It surpassed its previous high of Rs 532.40, touched on October 14, 2021.

While announcing September 2021 (Q2FY22) results, Tata Motors had said that the demand remains strong for Jaguar Land Rover (JLR) and India passenger vehicle (PV) while commercial vehicle (CV) demand is improving gradually.

Businesses of all kinds have had to rethink their working due to the pandemic, many going through tough times, but one area that has probably unexpectedly seen a positive impact is diversity, equity and inclusion (DE&I), a new study by Intel has found.

As many as 81 per cent survey respondents in India believe the workplace disruptions driven by the pandemic have had a positive impact on DE&I in their organisation, suggesting that Indian business leaders are confident in their trajectory to achieving DE&I goals.

Shares of Apollo Hospitals Enterprises (AHEL) continued at their upward march, with the stock hitting a fresh record high of Rs 5,460 on the BSE on Wednesday. They rallied 7 per cent in today's intra-day trade and have surged 20 per cent in the past four days after the company reported a strong set of numbers for the quarter ended September 2021 (Q2FY22). In comparison, the S&P BSE Sensex was down 0.2 per cent during the same period.

Indian budget airline SpiceJet said on Wednesday U.S. planemaker Boeing had agreed to settle the outstanding claims related to the grounding of its 737 MAX aircraft.

The announcement from the country's second-largest airline comes a day after billionaire investor Rakesh Jhunjhunwala-backed Akasa Air placed an order for 72 Boeing 737 MAX jets valued at nearly $9 billion at list prices.

The global coronavirus caseload has topped 253.8 million, while the deaths have surged to more than 5.10 million and vaccinations to over 7.49 billion, according to the Johns Hopkins University.

In its latest update on Tuesday morning, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload, death toll and the total number number of vaccine doses administered stood at 253,807,313, 5,106,530 and 7,492,843,205, respectively.

Shares of PB Fintech, the parent company of Policybazaar, rallied another 16 per cent to Rs 1,397 on the National Stock Exchange (NSE) in Tuesday’s intra-day trade after a strong market debut on Monday. With today’s rally, the stock has surged 43 per cent against its issue price of Rs 980 per share.

A sharp rally in market price of the company has helped PB Fintech enter the top-100 most valuable companies in terms of market capitalisation (market-cap).

E-commerce major Amazon India on Monday said it is currently investigating an issue, wherein its platform was allegedly used to source marijuana.

On Saturday, an online marijuana sale racket was busted by Bhind police in Madhya Pradesh, leading to the arrest of two persons and seizure of 20 kilograms of the contraband, according to an official.

The US Centers for Disease Control and Prevention (CDC) has issued a 'Level One' COVID-19 notice for Americans travelling to India, saying the risk of contracting the infection and developing severe symptoms may be lower if one is fully vaccinated.

The travel health notice has also been issued for Pakistan.

Toxic air shrouded Delhi and cities nearby on Monday as state governments meet later to consider ways to curb the pollution, scrambling after the Supreme Court recommended urgent restrictions on vehicle movement and industrial activities in and around the capital.

Delhi's Air Quality Index (AQI) was 331--'very poor'--at 8 am on Tuesday, according to the state-run System of Air Quality and Weather Forecasting And Research (SAFAR). Readings below 50 are considered safe, while anything above 300 is considered hazardous or 'severe'.

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