Markets regulator Sebi on Monday restrained Proficient Research and its partners from accessing capital markets for four years for engaging in investment advisory services without obtaining requisite registration.

Such certification is mandatory under Investment Advisers Regulations, 2013.

Partners of partnership firm Proficient Research were Vidhi Singh Parihar, Mohd. Sohail Khan and Altamash Sheikh.

Facebook owner Meta Platforms on Tuesday denied a claim by the Kazakh government that it had been granted exclusive access to the social network's content reporting system.

In what it called a joint statement with Facebook, the Kazakh government had touted the move as a compromise solution on Monday, after the Central Asian nation threatened to block Facebook for millions of local users.

Post handing over of Air India to the Tatas, government officials will be free to book their travel with any airline that offers them the best price.

And, the Centre will not have a tie up with any carrier, department of investment and public asset management (DIPAM) Secretary Tuhin Kanta Pandey said.

India's power consumption grew 4.8 per cent in October to 114.37 billion units (BU), indicating a good recovery amid coal shortages at electricity generation plants, according to power ministry data.

Last year in October, power consumption stood at 109.17 BU and in the same period in 2019, it was at 97.84 BU.

Australia's medicines and medical devices regulator on Monday formally recognised India's Covaxin, a vaccine against the coronavirus as the country's border was reopened for the first time in nearly 20 months.

Hyderabad-based Bharat Biotech's Covaxin, and AstraZeneca and Oxford University's Covishield are the two widely used vaccines in India.

State-owned Bank of Baroda on Monday said it will raise up to Rs 3,000 crore by issuing Basel III compliant bonds in one or more tranches.

The capital raising committee of the bank in a meeting on November 1, 2021 approved the issuance of Basel III compliant additional tier I/II bonds.

GST collections in October stood at Rs 1,30,127 crore of which CGST is Rs 23,861 crore, SGST Rs 30,421 crore, IGST is Rs 67,361 crore (including Rs 32,998 crore collected on import of goods) and cess Rs 8,484 crore (including Rs 699 crore collected on import of goods), said the statement.

In another sign of recovery, manufacturing activity accelerated to an eight-month high in October amid festival, showed IHS Markit Purchasing Managers Index (PMI) survey.

MG Motor India on Monday reported 24 per cent dip in retail sales at 2,863 units in October 2021 amid production challenges due to semiconductor shortage.

The company had retailed 3,750 units in the same month last year, MG Motor India said in a statement.

IT services major Tata Consultancy Services (TCS) is expanding its partnership with Celcom Axiata Berhad (Celcom), a leading telecommunications provider in Malaysia, to transform the latter’s core business support systems (BSS) using TCS HOBS and TCS TwinX hosted on Microsoft Azure.

With the new core platforms transformation project, TCS will enable Celcom to further enhance its digital and platform positioning through advanced digital capabilities like AI/ML-driven business simulations, an enterprise product catalogue, and partner ecosystem enablement.

Unified Payments Interface, or UPI as it is popularly known, recorded over 4 billion transactions in October, a new all-time high for the payment’s platform since its inception, driven by the festive season. In value terms, the payments platform saw transactions worth Rs 7.71 trillion in October, a record high.

UPI had logged 3.65 billion transactions worth Rs 650 crore in September. On a month-on-month basis, UPI recorded a 15 per cent jump in volume of transactions and 18.5 per cent increase in value of transactions in October.

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