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Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron's only iPhone plant in India, forming a new joint venture that strengthens Tata's position as an Apple supplier, two sources told Reuters. Under the deal announced internally last week, Tata will hold 60% and run daily operations under the joint venture, while Pegatron will hold the rest and provide technical support, said the two sources, who declined to be named as the details are not yet public. The sources did not elaborate on the financials of the deal.

Amit Shah on Sunday cancelled his rallies in poll-bound Maharashtra and is headed back to Delhi as the situation in Manipur continues to be volatile, according to sources. The home minister is likely to hold a meeting to review the situation in the northeastern state, the sources said. Irate mobs set fire to the residences of three more BJP legislators, one of whom is a senior minister, and a Congress MLA in various districts of Imphal Valley on Saturday night even as security forces foiled an attempt by agitators to storm the ancestral residence of Chief Minister N Biren Singh. Shah was supposed to attend a few election rallies as part of the BJP's campaign in Maharashtra but he has cancelled them and is returning to the national capital, the sources said.

BJP legislators, one of whom is a senior minister, and a Congress MLA in various districts of Imphal Valley even as security forces foiled the attempt of agitators to storm the ancestral residence of Manipur Chief Minister N Biren Singh, officials said. The fresh incidents of violent protests took place on Saturday night even as indefinite curfew was clamped after people, agitated by the killing of three women and children each by militants in Jiribam district, attacked the residences of three state ministers and six MLAs earlier on Saturday. Enraged people torched the houses of PWD Minister Govindas Konthoujam at Ningthoukhong, Hiyanglam's BJP MLA Y Radheshyam at Langmeidong Bazar, Wangjing Tentha's BJP MLA Paonam Brojen in Thoubal district and Khundrakpam's Congress MLA Th Lokeshwar in Imphal East district, the officials said. The legislators and their family members were not at home when the angry mob stormed their residential compounds, vandalised properties and set the houses on fire, police said, adding the houses were partially burnt in the incidents.

credit risk funds maintained their trend of consistent outflows. The positive inflow boosted the asset base of debt mutual funds by 11 per cent to Rs 16.64 lakh crore in October-end from Rs 14.97 lakh crore at the end of September, according to data with Association of Mutual Funds on India (Amfi). As per the data, debt mutual funds attracted inflows of Rs 1.57 lakh crore in October, marking a sharp reversal from the outflows of Rs 1.14 lakh crore recorded in September.

WestBridge Capital is joining forces with Neelesh Garg, outgoing managing director and CEO of Tata AIG General Insurance, to launch a new general insurance joint venture with a focus on AI-powered, digital-first services, two people aware of the development said. This will mark the Bengaluru-based private equity firm’s second investment into the insurance sector following its successful part-exit from Star Health Insurance through its IPO in 2021. WestBridge, which manages over $8 billion in investments in India, will hold a majority stake in the proposed venture, with Garg taking a 10% ownership position, people cited above said.

contemporary art world, it carries a price tag of up to $1.5 million. Maurizio Cattelan’s conceptual artwork, titled Comedian, is set to go under the hammer at Sotheby’s in New York on November 20, with an estimated value between $1 million and $1.5 million. First introduced in 2019 at the Art Basel Miami Beach fair, Comedian quickly became a cultural sensation. The piece featured a fresh banana taped to a wall with silver duct tape. Its absurdity, coupled with its hefty price, sparked debates on art, value, and consumerism. Three editions of the artwork sold for $120,000 to $150,000 each at the fair, despite one banana being eaten by another artist during the event. More Than a Fruit

Dr Reddy's Laboratories and FDC Ltd are recalling generic medications in the US market due to manufacturing issues, according to the US health regulator. As per the latest Enforcement Report by Food and Drug Administration (USFDA), the US-based subsidiary of Dr Reddy's Laboratories is recalling multiple strengths of Morphine Sulfate extended-release tablets in the US. The medication is used to relieve severe and persistent pain. As per the USFDA, Princeton-based Dr Reddy's Laboratories Inc is recalling 2,040 bottles of 15 mg Morphine Sulfate extended-release tablets due to «Failed Impurities/Degradation Specification».

Air Quality Index (AQI) recorded in the «severe» category. The minimum temperature was 15.9°C, which is 1.8°C above the seasonal average, as per the India Meteorological Department (IMD). At 9 am, the AQI reached 429, according to the 'Sameer App', which provides hourly updates from the Central Pollution Control Board (CPCB). On Saturday, the 24-hour average AQI had been 417 at 4 pm. AQI readings are categorised as follows: 0-50 (good), 51-100 (satisfactory), 101-200 (moderate), 201-300 (poor), 301-400 (very poor), and 401-500 (severe).

The government order, issued November 15, extends for two more months the powers of the armed forces to engage in day-to-day enforcement activities like the police, including making arrests. «The armed forces will carry out the orders assigned to us by the government,» army spokesman Sami-Ud-Daula Chowdhury said Sunday.

The involved prosecutors made the allegations in a court filing, urging a judge to reject his latest bail request. The government accusations were made in a Manhattan federal court filing late Friday that opposes the music mogul’s latest $50 million bail proposal.

Ladakh, as per a TOI report. The tunnel is expected to facilitate smooth movement of travellers and military personnel between Leh and Pangong Lake. TOI says that the home ministry held meetings on the issue this week. The project is likely to cost around Rs 6,000 crore, sources said. «It's a tough and high-cost project. A call is likely to be taken soon. It's a strategic road and will reduce the travel time from Leh to Pangong substantially. The project is at a very nascent stage,» a source said. Sources said options are being explored whether Border Road Organisation or the National Highway and Infrastructure Development Corporation under the road transport ministry would build the strategic tunnel to provide all-weather connectivity.

crude oil market is no stranger to volatility, and 2024 has been no exception. The combination of geopolitical tensions, OPEC’s decisions, and global economic shifts has kept oil prices fluctuating. For investors, this uncertainty presents both challenges and opportunities. This article explores the current crude oil trends in India, offering a comprehensive outlook on how these factors are influencing the market and what strategic actions investors can take. Geopolitical Tensions and Impact on Oil Prices The ongoing geopolitical conflicts, especially in the Middle East, are driving significant price movements in crude oil. The Israel-Hamas conflict has added a layer of unpredictability to an already volatile market. Any escalation in the war has the potential to disrupt supply chains, leading to sharp spikes in crude prices. This was evident when tensions flared in early October 2024, pushing prices upward as concerns grew over potential disruptions to oil fields in the region. However, when de-escalation talks are in progress, prices tend to fall just as sharply. The United States has been exerting pressure on Iran and Hamas to avoid targeting oil fields, which has added a level of uncertainty to future price movements.

Ramvir Singh Bidhuri to spell out its poll promises and vision for Delhi ahead of the assembly polls due in February next year. The committee includes three former Union ministers, as well as other experienced party leaders, including Harsh Vardhan, Meenakshi Lekhi, Vijay Goel, Arvinder Singh Lovely Parvesh Verma, Satish Upadhyay and MLA Ajay Mahawar, a Delhi BJP statement said. Bidhuri charged that Delhi was turned into a «slum» under the AAP's 10-year rule with the collapse of basic facilities like roads, drains, drinking water and civic infrastructure, and the BJP manifesto will explain how a turnaround will be brought about if the party won the election. «The manifesto document will also script how the BJP will fulfil the aspirations and needs of Delhi people that were neglected and betrayed by AAP,» he said.

The Nifty has dropped 10.53% from its all-time high, shedding 2,767 points to close at 23,559, near its 200-day EMA, signaling sustained bearish momentum.

Kharif crop and improving rural demand is set to revive, Motilal Oswal said in a report. «After a flat 1HFY25, as the government spending revives in 2HFY25, this should augur well for corporate earnings along with a good kharif crop and improving rural demand,» the report added. The corporate earnings in the second quarter witnessed a subdued picture, particularly weighed down by the commodities sector.

Russia, which before the Ukraine war was the biggest single supplier of natural gas to Europe, has lost almost all of its European customers as the EU tries to reduce its dependence and after the Nord Stream pipeline to Germany was blown up in 2022. Now one of the last main Russian gas routes to Europe — the Soviet-era Urengoy-Pomary-Uzhgorod pipeline via Ukraine — is due to shut at the end of this year, as Kyiv does not want to extend a five-year transit agreement which brings northern Siberian gas to Slovakia, the Czech Republic and Austria.

Samajwadi Party MP Awadhesh Prasad alleged that the hospital fire in Jhansi that claimed the lives of 10 newborns was a result of the state government's incompetency. Speaking to ANI, Prasad offered his condolences and said the incident was «very sad and heart-rending.» «It is a very sad and heart-rending incident. This incident happened due to the result of incompetency of the government. Now we demand from the government to investigate the whole incident and take action,» he said.

Joe Biden met with Chinese President Xi Jinping for the last time in Peru on Saturday, The Hill reported. Biden met with Xi on the sidelines of the Asia-Pacific Economic Cooperation summit in Peru on Saturday. As per The Hill, during the meeting, Xi said that China is «ready to work» with the new Donald Trump administration and emphasised maintaining communication, expanding cooperation and managing differences.

Swiggy listed on the bourses earlier this week, two of its delivery partners—Jigar Khan and Namrata Vora—joined cofounders Sriharsha Majety and Nandan Reddy in ringing the ceremonial bell at the National Stock Exchange (NSE). The symbolic gesture was aimed at celebrating the hard work of its delivery partners, the Bengaluru-based food delivery firm said in a statement. Other companies, too, are recognising the contribution of delivery partners and are rolling out a slew of initiatives to help them with upskilling and further education, and achieving an overall better quality of life, according to industry executives. Zomato, Zepto, Delhivery, bigbasket and Blue Dart Express are among those that are offering reimbursement for education-related expenses, soft skills training in communication and other basic competencies, financial literacy programmes and career progression initiatives. Zomato has collaborated with the Hospitality Training Institute of India, and 5,200 delivery partners across 10 cities have been trained in hospitality and service excellence. “This training equips them with essential skills in customer interaction, professionalism and service, enhancing the experience for both customers and delivery partners,” said Rakesh Ranjan, CEO of food delivery at Zomato. This year, Swiggy launched Swiggy Skills in collaboration with the Ministry of Skill Development and Entrepreneurship.

The likes of Godrej Consumer Products, Emami, ITC and Shoppers Stop have reported robust sales of fragrance products for the first half of this financial year, and, according to market researcher NielsenIQ, growth rate in the segment was nearly double that of overall personal care products this year. The fragrance segment grew 12% year-on-year this calendar year till September, according to the latest NielsenIQ data shared exclusively with ET, driven by roll-on deodorants, which recorded a 26% increase. The personal care segment saw a 6.2% growth, while the overall FMCG industry expanded by 5.7%, according to the researcher.

Worsening bilateral diplomatic relations, a burgeoning housing crisis and a tight job market might dull Canada’s allure further, said multiple experts assisting Indian students with higher studies abroad. Canada’s decision to pause fast-track visas has left Indian students facing extended wait times and increased uncertainty, they said.