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6 dead in Lakhimpur Kheri violence, opposition demands action

6 dead in Lakhimpur Kheri violence, opposition demands action

Farmers protest in Uttar Pradesh's Lakhimpur Kheri took a violent turn when an unidentifed person open fired killing six people, 15 were injured on Sunday, October 3. Some farmers were also run over by vehicles killing and injuring many more.

After the incident took place, angry farmers set three jeeps on fire. Allegedly, one of the vehicles is said to belong to Ashish Mishra, son of Union Minister of State for Home, Ajay Mishra Teni.

Gold price today at Rs 46,500 per 10 gm, silver selling at Rs 60,500 a kg

Gold price today at Rs 46,500 per 10 gm, silver selling at Rs 60,500 a kg

Gold (24 carat) is selling at Rs 46,500 per ten gram on Monday in India, up Rs 10 from trade yesterday as fuel prices climb up to record highs and the central bank’s rate-setting committee meets this week.

Silver is selling at Rs 60,500 per kg: unchanged from Sunday’s trading, according to Good Returns website.

Cipla to sell Eli Lilly's insulin products Humalog, Trulicity in India

Cipla to sell Eli Lilly's insulin products Humalog, Trulicity in India

US pharma giant Eli Lilly joined hands with with Mumbai-based Cipla to market its insulin products in India.

The two companies announced a strategic partnership in India to enhance the reach of Lilly’s diabetes products – Humalog (Insulin Lispro) and Trulicity (Dulaglutide).

Yes Bank posts 3.6% growth in advances at Rs 1,72,945 cr in Sep quarter

Yes Bank posts 3.6% growth in advances at Rs 1,72,945 cr in Sep quarter

Private sector lender Yes Bank has posted a 3.6 per cent growth (year-on-year) in advances at Rs 1,72,945 crore for the quarter ended September, 2021 (Q2FY22). Its advances stood at Rs 1,66,923 crore at end of September 2020 (Q2FY21).

The bank said in a filing with BSE that sequentially, advances rose by 5.7 per cent from Rs 1,63,654 crore at the end of June 2021.

SBI to raise Rs 6,000 crore in capital through additional tier-I bonds

SBI to raise Rs 6,000 crore in capital through additional tier-I bonds

State Bank of India, which raised Rs 4,000 crore in capital through additional tier I bonds (AT1 bonds) in September, is planning another round of AT1 bond issuance of Rs 6,000 crore to replace maturing securities.

Executives at the country’s largest lender said the bank had an adequate capital base to support business growth and meet regulatory norms.

Tamil Nadu government opens doors for electric vehicle makers

Tamil Nadu government opens doors for electric vehicle makers

At a time when Tamil Nadu has seen the closure of the Ford India unit, state Industries Minister Thangam Thennarasu said the state was expected to see investment worth around Rs 35 trillion by 2030 and had got projects of about Rs 20,000 crore since the new government took charge in May.

Soon after the closure of the Ford plant, the state government had assured all it would take steps to ensure that around 2,600 employees were not affected by the company’s move.

Govt has not taken any decision on Air India so far: Piyush Goyal

Govt has not taken any decision on Air India so far: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Saturday said the government has not taken any decision on Air India so far and the final winner will be selected through a well defined process.

I have been in Dubai since...day before and I don't think there is any such decision that has happened at all. Of course bids were invited...and that is assessed by the officers and in due course of time, there is a whole well laid down process through which the final winner will selected, he told reporters here.

Zee moves Bombay High Court against Invesco's demand for EGM

Zee moves Bombay High Court against Invesco's demand for EGM

A day after refusing to convene an EGM based on the demand of its top investor Invesco, Zee Entertainment on Saturday moved Bombay High Court requesting the demand to be deemed as illegal and invalid.

This is to inform you that the Company has filed a suit before Bombay High Court under the ordinary original civil jurisdiction (Civil Suit), inter alia requesting the Bombay High Court to declare that the requisition notice sent to the Company by Invesco Developing Markets Fund and OFI Global China Fund LLC (shareholders of the Company) is illegal and invalid, the company said in a stock exchange filing.

Pfizer to sell Upjohn business to Mylan Pharma for Rs 180.48 crore

Pfizer to sell Upjohn business to Mylan Pharma for Rs 180.48 crore

Drug firm Pfizer Ltd on Friday said it has entered into an agreement with Mylan Pharmaceuticals to sell its Upjohn business for Rs 180.48 crore.

The company has entered into a business transfer agreement with Mylan Pharmaceuticals to transfer certain primarily off-patent branded and generic established medicines (Upjohn business) as a going concern to Mylan for a consideration of Rs 180.48 crore, Pfizer Ltd said in a regulatory filing.

Reliance Industries extends deadline to complete Future group deal

Reliance Industries extends deadline to complete Future group deal

Reliance Retail Ventures (RRVL), the retail arm of Reliance Industries, has for the second time extended the timeline for completing its Rs 24,713-crore deal with the Future group, to March 31, 2022, as it awaits regulatory and judicial clearances.

In a regulatory filing on Friday, Future Retail said RRVL had extended the timeline for a long-stop date from September 30, 2021 to March 31, 2022, which has been duly acknowledged by Reliance Retail and Fashion Lifestyle Ltd, a wholly-owned subsidiary of RRVL.

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