TVS Motor has said that capex for the FY21 would be around Rs 500 crore and it will go towards new product development and technology among others. The company will also be supporting Norton, the UK brand which was acquired by the company early this year and the company's credit arm TVS Credit.

Meanwhile TVS EBITDA during the second quarter rose to 9.3 per cent from 8.8 per cent, last year, and the company is optimistic about maintaining the momentum on the backdrop of a series of initiatives it has taken.

Gold prices on Friday fell to Rs 52,560 from Rs 53,000 per 10 gm, while silver was trending at Rs 62,410 per kg, according to the Good Returns website.

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

Vodafone Idea’s net loss narrowed to Rs 7,218 crore in the second quarter of financial year 2021 on account of lower provisioning but flat revenue, and subscriber loss. Limited 4G conversions also continued to weigh on its performance.

In the same quarter last year, Vodafone Idea had posted a record Rs 50,921 crore net loss due to Rs 25,677-crore-plus provisioning for adjusted gross revenue dues.

In a big boost to jute farmers as well as the industry, the Centre has taken a major decision, mandating jute packaging for food grains.

The decision was taken at the Central Cabinet (CCEA) meeting held on Thursday under the leadership of PM Narendra Modi. 100 percent packing of food grains and 20 percent packing of sugar will be mandatory in jute bags.

Pakistani Minister Fawad Chaudhary, who bragged about the Pulwama attack claiming that it was an 'achievement under leadership of Imran Khan', he has now taken a U-turn on it, saying that the remark was 'misinterpreted'.

Chaudhary said that he had spoken about the strong response of Pakistan after the airstrike from India on February 26 last year which was mistaken.

Tech giant IBM on Thursday said it has collaborated with Indian Oil Corporation Ltd (IOCL) to transform the latter's customer experience using digital tools.

Around 12,400 IOCL distributors covering about 130 million consumers can now use the IndianOil One mobile app and portal, developed by IBM Services, a statement said.

Hindustan Aeronautics Ltd and Tech Mahindra signed a contract worth Rs 400 crore for implementation of Enterprise Resource Planning (ERP) to support HAL's 'Project Parivartan'.

The'Project Parivartan'is a comprehensive business transformation exercise initiated by HAL through technology enhancement and centralised ERP, said CMD of Bengaluru- headquartered HAL, R Madhavan.

Amid rising air pollution in the national capital, Delhi Chief Minister Arvind Kejriwal on Thursday launched the Green Delhi app, which will enable people to register complaints about violation of anti-pollution norms.

The Ministry of Home Affairs did not make any new changes to the existing Unlock 5 guidelines in its latest instructions for another set of unlocking and said that they would continue to be implemented in November. However, a strict lockdown will be seen in containment areas.

What the latest guidelines mean for schools, colleges, and educational institutions:

1) On the reopening of schools and other educational institutions, states and union territories have been given an upper hand to decide whether to start classes or not.

Keshubhai Patel, former Chief Minister of Gujarat, passed away on Wednesday at the age of 92.

He had earlier been admitted to the hospital in an unconscious state, Dr Akshay Kiledar, representative of the Sterling Hospital in Ahmedabad said.

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