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Tata Motors up 3%, nears 52-wk high on report co may hike soon hike prices

Tata Motors up 3%, nears 52-wk high on report co may hike soon hike prices

Shares of Tata Motors gained 3 per cent to Rs 355.50 on the BSE in the intra-day trade on Tuesday on report that the company would undertake a price increase in its passenger vehicles (PV) portfolio to pass on some of the increase in input costs of materials, such as steel and precious metals, to customers.

The quantum of the hike, however, has not yet been disclosed. The stock of the Tata Group commercial vehicles' company was trading close to its 52-week high of Rs 360.65 touched on June 15, 2021.

Delhi govt collects Rs 5,281 cr GST in first quarter of this financial year

Delhi govt collects Rs 5,281 cr GST in first quarter of this financial year

In a sign of revival in the city economy hit by COVID-19 pandemic and the subsequent lockdown, the Delhi government collected Rs 5,281 crore GST in the first quarter of the current financial year, officials said.

Delhi was under complete lockdown due to surge in Covid cases in the second wave, from April 19 till May 31, following which phased unlock process began with allowing construction and manufacturing activities.

PhonePe partners Flipkart to digitise cash-on-delivery payments

PhonePe partners Flipkart to digitise cash-on-delivery payments

Digital payments platform PhonePe on Monday said it has partnered with Flipkart to enable pay-on-delivery service for the e-commerce major's orders.

PhonePe's dynamic QR code solution will enable customers who earlier opted for 'cash on delivery' to pay digitally through any UPI app at the time of delivery, PhonePe said in a statement.

LG Electronics to expand cloud-based call centres amid Covid-19 pandemic

LG Electronics to expand cloud-based call centres amid Covid-19 pandemic

LG Electronics said on Tuesday it will expand cloud-based call centres to offer better customer care services and protect its workers from the novel coronavirus outbreak.

With its recently launch of cloud-based call centres in the United States, LG said they will be also available in 10 more countries, including Brazil, France, Vietnam and South Korea, by the end of this year.

Tech Mahindra partners StaTwig for Covid-19 vaccine supply chain

Tech Mahindra partners StaTwig for Covid-19 vaccine supply chain

IT major Tech Mahindra on Monday said it has partnered with StaTwig, a Singapore and Hyderabad-based digital supply chain solution provider, to implement vaccine traceability platform 'VaccineLedger' globally.

The companies aim to roll-out a blockchain-based traceability solution for global vaccine supply chain transparency, predict and prevent failures in supply chains, including problems related to expired vaccines, stock out and counterfeiting, a statement said.

Adviser Glass Lewis flags risks from Adani 'unconscionable conduct'

Adviser Glass Lewis flags risks from Adani 'unconscionable conduct'

MELBOURNE (Reuters) - Proxy advisory firm Glass Lewis has recommended shareholders vote against the reelection of a member of Adani Enterprises' risk committee after an Australian court criticised unconscionable conduct in its Australian port business.

Adani Enterprises' Australian unit, Bravus Mining & Resources, has been involved in a controversial project to develop the Carmichael mine in Queensland to sell thermal coal into India, despite concerns about global warming.

Fintech firm Pine Labs closes $600 mn fundraising round, eyes IPO

Fintech firm Pine Labs closes $600 mn fundraising round, eyes IPO

Pine Labs, one of Asia’s leading merchant commerce platforms, has closed a $600 million fundraising round, with the entry of new investors Fidelity Management & Research Company, funds managed by BlackRock, Ishana, Tree Line, a fund advised by Neuberger Berman Investment Advisers LLC. IIFL AMC via its ‘Late-Stage Tech Fund’ and Kotak are also participating in this investment round, which is subject to approval from the Securities and Exchange Board of India (SEBI). With the current close, the valuation of the firm stands at $3 billion.

Registration of FIR under Section 66A of IT Act, terrible and shocking: SC

Registration of FIR under Section 66A of IT Act, terrible and shocking: SC

The Supreme Court on Monday expressed shock at the practice of police registering FIRs under Section 66A of the Information Technology Act, which was struck down by the top court in the 2015 judgment in the Shreya Singhal case.

After hearing a petition filed by the PUCL, seeking action against those persons who are allegedly involved in registering the FIRS despite the SC has earlier strike down Section 66 A of the Information Technology (IT) Act, the Supreme Court also issued a notice.

105-km-long Ring Road in Lucknow will soon be completed: Rajnath Singh

105-km-long Ring Road in Lucknow will soon be completed: Rajnath Singh

Defence Minister and local MP Rajnath Singh on Sunday said the 105-km-long Ring Road in Lucknow will soon be completed and that would ease movement of vehicular traffic arriving from other cities.

He said that he is in touch with officials so that the developmental works in Lucknow are not hampered.

Maharashtra sees 9,336 new coronavirus cases, 123 deaths

Maharashtra sees 9,336 new coronavirus cases, 123 deaths

Maharashtra on Sunday reported 9,336 fresh coronavirus positive cases and 123 fatalities, taking the tally of infections to 60,98,177 and the toll to 1,23,030, the state health department said.

A total of 3,378 patients were discharged during the day, raising the count of recoveries in Maharashtra to 58,48,693 so far, leaving the state with 1,23,225 active cases, the department said in a release.

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