Shares of Tech Mahindra continued their upward movement on Tuesday, with the stock of the information technology (IT) consulting & software company hitting a new high of Rs 1,322.40, up 2.7 per cent on the BSE. The stock was quoting higher for the fourth straight trading day.

In the past one month, Tech Mahindra has outperformed the market by surging 25 per cent, as compared to a 4.4 per cent rise in the S&P BSE Sensex.

Even as foreign Covid-19 vaccines get the Indian regulator’s nod, actual availability may be still some time away. Sources claim that India is not keen to ‘bow down’ to demands related to indemnity against legal liabilities in case any vaccine recipient develops severe adverse reactions post inoculation.

Talks are on with foreign vaccine makers. However, there is a general consensus that if indemnity is given, then it will be for all vaccine players, not just a handful, said a senior government official who added that no final decision has been taken on the matter yet.

Billionaire Mukesh Ambani’s Reliance Industries Ltd. is weighing a bid for Deutsche Telekom AG’s Netherlands subsidiary, according to people familiar with the matter.

The Indian conglomerate is working with an adviser to evaluate an offer for T-Mobile Netherlands BV, the people said, asking not to be identified discussing confidential information. Deutsche Telekom is seeking about 5 billion euros ($5.9 billion) in any sale, the people said.

Chinese short-video platform TikTok has overtaken Facebook as the most downloaded social media app in the world, the media reported.

According to Nikkei Asia, a global survey of downloads in 2020 showed TikTok on top of the list of social media providers for the first time since the study was first conducted in 2018.

Once the Taxation Laws (Amendment) Bill, 2021 becomes law by early next week, the Government will have to pay Rs 8000 crore to four companies including Cairn Energy, Vodafone, WNS Capital and one more, said Central Board of Direct Taxes (CBDT) Chairperson JB Mohapatra after Taxation Laws (Amendment) Bill, 2021 was passed in Rajya Sabha.

The Bill will do away with the retrospective tax provision and end all retrospective taxes imposed on indirect transfer of Indian assets made before May 28, 2012.

The price of 10 gm of 22-carat gold on Monday fell by Rs 410 to trade at Rs 45,280 from Rs 45,690 a day earlier. Silver was selling at Rs 63,600 per kg: dropping Rs 1,400 from yesterday, according to the website Good Returns.

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

A 15-year-old girl from Navi Mumbai who recently cleared her SSC exam tried to strangulated her 40-year-old mother to death with a karate belt after a tiff over her studies, the police said on Monday (August 9).

The incident took place on July 30 where the girl tried to portray it as an attempt to suicide but the autopsy report confirmed it to be a murder said the investigating officer of Rabale Police Station, Assistant Police Inspector Dinesh Patil.

The Tata group is looking to make a foray into semiconductor manufacturing and it has set up a business to seize the opportunity, Chairman N Chandrasekaran said on Monday.

At the Tata group, we have already pivoted into a number of new businesses like electronics manufacturing, 5G network equipment as well as semiconductors, in all probability, he said while speaking at the annual general meeting of the IMC Chamber of Commerce and Industry.

Maharashtra COVID task force on Monday discussed the possibility of granting more relaxations in COVID-19 curbs while observing precautions, an official said, adding the government is identifying new areas and preparing guidelines.

The meeting of the task force, held in the evening, was attended by Chief Minister Uddhav Thackeray, state chief secretary Sitaram Kunte, state COVID task force head Dr Sanjay Oak and other members.

Congress Lok Sabha MP Manish Tewari on Monday suggested that the Opposition must consider bringing a vote of a no-confidence motion against the National Democratic Alliance (NDA) government.

As the logjam in Parliament continues over the issues including farmers' agitation, Pegasus issue and COVID-19 mismanagement.

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