Life Insurance Corporation (LIC) employees on Tuesday opposed the government's proposal of disinvestment of the corporation and protested against the decision in Coimbatore.

During the Union Budget on Monday, Finance Minister Nirmala Sitharaman said that the initial public offering of LIC will be brought in through requisite amendments in the session itself.

The rules for Citizenship (Amendment) Act, that was notified in December 2019 and came into force with effect from January 10, 2020 are under preparation, Union Minister of State for Home Affairs told Lok Sabha on Tuesday.

In a written reply, the minister said that the committees have granted an extension till April 9 and July 9 to frame the rules.

Jeff Bezos, the billionaire founder of Amazon, will step down as the Chief Executive of the eCommerce major, the company announced on Tuesday (local time).

Bezos, who founded Amazon 27 years ago, will transition to the role of executive chairman in the third quarter of 2021, as per a report in The New York Times. Andy Jassy, CEO of Amazon Web Services, the company’s cloud computing business, would take over as CEO of Amazon.

People in northern India will once again face lower temperatures as the Meteorological Department has forecast cold weather for the next few days in the northern and central part of India. The India Meteorological Department (IMD) has said that the minimum temperature is likely to increase in most areas of Northwest and Central India during the next three to four days.

According to the IMD, it is expected to rain between February 3 to 5. Due to the Western disturbance, a cyclone is forming over Afghanistan.

Bajaj Auto Ltd on Tuesday reported an 8 per cent increase in total sales at 4,25,199 units in January.

The company had sold 3,94,473 units in the same month last year, Bajaj Auto said in a statement.

Total two-wheeler sales were at 3,84,936 units as against 3,32,342 units in the year-ago month, a growth of 16 per cent.

Gold price on Tuesday jumped to Rs 49,450 from Rs 48,960, while the silver price was trending at Rs 73,000 per kg, according to the Good Returns website.

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

Shares of Tata Motors rallied 11 per cent to Rs 311 on the BSE in Tuesday's intra-day trade after the company retained positive momentum and reported a 15 per cent month-on-month (MoM) and 94 per cent year-on-year (YoY) growth in domestic passenger vehicles (PV) sales at 26,978 units during the month January 2021.

The stock of Tata group commercial vehicles (CVs) company was trading at its highest level since June 2018.

Weeks after assuming office as the 46th President of the US, Joe Biden has extended a hand of friendship towards India. Biden has approved to give state-of-the-art combat aircraft F-15EX to the Indian Air Force and soon, the IAF will be flying America's most advanced combat aircraft.

Maria Laine, vice president of International Strategic Partnerships for Boeing Defense, confirmed the development.

The total number of global coronavirus cases has topped 103.3 million, while the deaths have surged to more than 2.23 million, according to the Johns Hopkins University.

In its latest update on Tuesday morning, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and death toll stood at 103,378,964 and 2,236,559, respectively.

In a case of gross negligence, at least 12 kids were administered hand sanitiser instead of the oral polio vaccine drops at a Primary Health Centre in Yavatmal district of Maharashtra, officials said on Monday.

The incident took place on Sunday at Bhanbora PHC (Primary Health Centre) in Kapsikopri village, when over 2,000 small children aged 1-5 years had gathered along with their parents for the polio vaccination programme under the national immunization drive.

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