How Uddhav Thackeray is becoming a man for all seasons

• After a year of vendetta politics, the first-time CM has become the BJP’s nightmare. How will he govern the state?
• The bets are off the table on how long the government will last but Sena, NCP and Congress are glued by the purpose of keeping the BJP out of power. The road ahead is anything but smooth.

GST authority finds P&G, Gillette guilty of profiteering

An NAA order said that the confirmed amount of tax benefit that the companies—P&G Home Products, P&G Hygeine and Health Care and Gillette India— not passed on to consumers was ₹181.51 crore, ₹2 crore and ₹57.99 crore, respectively

Oxford covid vaccine: AstraZeneca manufacturing error clouds study results

The way in which the results were arrived at and reported by the companies has led to pointed questions from experts.

After  slow  IPO,  Gland  Pharma  finds more takers in secondary markets

• Gland Pharma stock is now up 37% over its offer price of ₹1,500 during the IPO to ₹ ₹2,053
• The company had impressed with its 18-25% revenue growth in key markets like US, India over FY18-20

Nivar weakens into 'severe' after crossing Puducherry

The cyclone made landfall near Puducherry on Thursday morning, bringing heavy rains to the union territory and Tamil Nadu.There were no reports of loss of life. About 2.5 lakh people were housed in cyclone shelters in Tamil Nadu as part of safety measures.

Pele mourns Maradona: 'I hope we'll play together in the sky'

• Pele and Maradona, who often vie for the title of best footballer in history, had just celebrated milestone birthdays last month: 80 and 60, respectively

Amazon-Future tussle: Singapore's arbitration court rejects Future Retail's plea

The Court of SIAC has decided that the arbitration process shall proceed and accordingly, a tribunal will be constituted in this matter

Apple’s fee cut shifts spotlight to Google

• Apple says it will drop its fee from 30% to 15% from January, for developers who make less than $1 million annually and those who are new to the App Store

Cyclone Nivar makes landfall; heavy rains in Chennai, Puducherry: Latest updates

• 'Very severe cyclonic storm Nivar now lies about 50 km east-southeast of Cuddalore, about 40 km east southeast of Puducherry. Landfall process commences,' said weather department

Football legend Maradona passes away at 60 due to cardiac arrest

• The 1986 World Cup champion earlier had an emergency operation for a subdural hematoma, which us an accumulation of blood between a membrane and his brain
• Retired Brazilian soccer star Pele said it is sad to 'lose friends this way'

Profiteering probe on over 100 firms for holding GST relief

The investigation reports are likely to be ready in 6-9 months and will be submitted to NAA for adjudication

Lakshmi Vilas Bank: Trading in Equity Shares to be suspended from tomorrow

• 'Equity shares of Lakshmi Vilas Bank Ltd shall not be available for trading from November 26,' said Bombay Stock Exchange

Lakshmi Vilas Bank to operate as DBS Bank from Friday, moratorium to be lifted

• Customers, including depositors of the Lakshmi Vilas Bank Ltd. will be able to operate their accounts as customers of DBS Bank India from 27 November, said RBI

All telcos lost subscribers in 2019 except Reliance Jio, BSNL

• Vodafone Idea Ltd (Vi) lost the highest number of subscribers followed by Tata Teleservices Ltd and Bharti Airtel Ltd
• The Mukesh Ambani-led telecom major added 90.9 million customers in 2019

Obit: Argentine soccer genius Maradona saw heaven and hell

Rising to stardom from a grimy Buenos Aires slum to lead Argentina to World Cup victory, Maradona was a rags-to-riches story in his soccer-mad homeland and gained the iconic status of fellow Argentines Che Guevara and Evita Peron

Wall St update: Dow retreats from 30,000 on rise in jobless claims, virus surge

• Tesla down after hitting $500 billion in market cap
• With the next fiscal stimulus package now expected only after President-elect Joe Biden is sworn in on Jan 20, momentum in the labor market is expected to remain slow

Tesla plans to produce electric car chargers in China, document shows

• The factory, which Tesla expects to complete in February, will have capacity to make 10,000 chargers a year
• It now imports the chargers, usually installed in charging stations or car parks, from the United States

US jobless claims up for second straight week as virus worsens

• The Labor Department's report Wednesday said that jobless claims climbed from 748,000 the week before
• The spike in virus cases is intensifying pressure on companies and individuals, with fear growing that the economy could suffer a 'double-dip' recession as states and cities reimpose restrictions on businesses

New Education Policy meant to develop self-confidence: PM Modi

The aim of the new National Education Policy is that the youth of the country gets to know itself, PM Modi said

Amazon fined for not displaying mandatory information about products

• Last month, the consumer affairs ministry had issued notices to e-commerce majors Flipkart and Amazon for not displaying such information

You will have to dial '0' before making landline to mobile calls from 15 Jan

• There will be no change in dialling plan from fixed-to-fixed, mobile-to-fixed and mobile-to-mobile calls, DoT clarified
• A total of approximately 2,539 million numbering series is expected to be generated from the above

Mega boost to real estate sector: Govt to soon come out with Model Tenancy Law

• The ministry had in July 2019 floated the draft Model Tenancy Law
• Model Tenancy law is ready. It has been translated into various languages as it has far reaching implications, the official said

Bank credit growth slows to 5.8% in September quarter: RBI data

Aggregate deposits of banks rose 11% year-on-year in the July-Sept period as compared to 10.1% growth a year ago, according to the 'Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks (SCBs), Sept 2020'

China's Xi seeks to ‘manage differences’ in note congratulating Biden

Xi Jinping's congratulatory note to Joe Biden said China wants to advance a 'healthy and stable' relationship and uphold the principles of 'no conflict' and 'no confrontation'

Indian economy to escape recession early next year on covid-19 vaccine

• The recent vaccine news has boosted Indian stocks to repeated record highs and fueled hopes of a pick-up in economic activity
• The recovery still faces several downside risks, including the availability and the distribution of vaccines to over 1.3 billion people in the country

Poco Global confirms it is an independent brand, claims to have sold 6 mn phones

In the letter, Poco claimed that it has managed to enter 35 countries across the world and had sold 6 million units of smartphones. Out of these, 2.2 million have been attributed to the Poco F1

Future investments will depend on how we solve current crisis: Toyota

• Toyota has indefinitely extended the lockout at its Bidadi plant just outside Bengaluru citing volatile conditions over unresolved issues between the management and its striking workers
• Recurring strikes at the plant which manufactures its flagship Innova and Fortuner models is likely to have dented shareholder confidence as well

Rishi Sunak warns of 2.6 mn jobless in historic UK slump

• Unemployment to peak in the second quarter of next year at 7.5%, or around 2.6 million, before falling for the rest of the period
• The economy is expected to contract 11.3% this year, the biggest drop in more than three centuries

Govt announces new coronavirus guidelines from 1 December: Details here

• States and UTs, based on their assessment of the situation, may impose local restrictions, with a view to contain the spread of COVID-19
• Authorities may consider administrative actions, including imposition of appropriate fines, on persons not wearing face masks in public and work spaces, MHA added

IDBI AMC deal nix is a blip in Muthoot Fin’s growth-led journey

The Reserve Bank of India has refused to give its nod to the transaction citing that mutual fund business is not in consonance with the primary business of NBFCs.

Cyclone Nivar: Chennai airport suspends operations for 12 hours

• Cyclone Nivar, which is moving at a speed of 100-120 km/hour, according to the IMD, had on Wednesday moved about 350 km southeast of Puducherry and 410 km east southeast of Chennai

Why prefixing '0' for fixed line-to-mobile calls is mandatory now

• The need to create adequate numbering resources arose as Trai felt that the sector was threatened by the increase in the range of services and massive growth in the number of connections, especially in the wireless segment

Rising temperatures poses $200 billion risk to the Indian GDP: Report

• Without targeted adaptation action, around 160-200 million people in India could annually bear a 5 per cent chance of being exposed to a lethal heat wave as early as 2030

No cap on withdrawal after Lakshmi Vilas Bank's merger with DBS Bank, says govt

• 'With this, there will no further restrictions on the depositors regarding the withdrawal of their deposits,' Union minister Prakash Javadekar said

Media, content creators await standard regulations for OTT

• The right way forward would be to create a framework of standard practices that would be common to all platforms and settle on a denominator acceptable to all, experts said