LIVE: CCI approves acquisition of shareholding in Air India by Tata Group

The proposed combination envisages acquisition of 100% equity share capital of AI and AI Express, and 50% equity share capital of Air India SATS Airport Services by Talace Private Limited

5:30 PM

Davos World Economic Forum called off due to Covid: Report

The planned World Economic Forum in the Swiss mountain resort of Davos has been called off due to surging cases of the Omicron variant of COVID-19, Sky News reported on Monday, citing communication from organisers to delegates.

 

"Next month's gathering of global business and political leaders at the World Economic Forum's annual summit in Davos, Switzerland, has been called off because of surging levels of the Omicron variant of COVID-19, delegates have been told today by the organisers," Sky News city editor mark Kleinman said on Twitter.

5:25 PM

PM Modi interacts with leading CEOs

5:12 PM

Bharat Biotech seeks nod for booster dose of intranasal Covid vaccine: Report

5:06 PM

Gujarat govt extends night curfew in 8 major cities

4:36 PM

With this bill, we'll make it mandatory to sieve out fake voters: Rijiju

4:30 PM

Nadal tests positive for Covid

4:05 PM

Update on ITRs filed so far

3:42 PM

Coal will stay as a major source of energy for India: Parliament told

Coal will stay as a major source of energy in the foreseeable future as it is an affordable source of energy with substantial reserve, Parliament was told on Monday.

Despite push for renewables, the country will require base load capacity of coal-based generation for stability and also for energy security, Coal Minister Pralhad Joshi said.

3:26 PM

Lok Sabha clears electoral reforms bill

Electoral reforms bill that links Aadhaar to voter identity among other changes cleared by Lok Sabha amid Opposition protests over Lakhimpur violence, say multiple reports.

3:19 PM

Lok Sabha adjourned for the day

Lok Sabha adjourned for the day as opposition members continue their protests seeking discussion on the police investigation of the October 3 Lakhimpur Kheri violence in Uttar Pradesh.

3:16 PM

Global stocks fall on virus concern, tighter Fed policy

Global stock markets and Wall Street futures tumbled Monday amid concern about the latest coronavirus variant and tighter Federal Reserve policy. London and Frankfurt opened sharply lower. Shanghai, Tokyo and Hong Kong also fell at the start of a trading week that will be shortened by Christmas.

3:06 PM

Lok Sabha clears second batch of Supplementary Demands for Grants

Lok Sabha on Monday cleared the second batch of Supplementary Demands for Grants authorising the government to spend an additional Rs 3.73 trillion during the current fiscal amid protest by the opposition over various issues. The extra spending include infusing over Rs 62,000 crore into the company that holds residual assets and liabilities of Air India, Rs 58,430 crore by way of additional fertiliser subsidy, Rs 53,123 crore towards payment of pending export incentives and Rs 22,039 crore to rural development ministry for transfer to National Rural Employment Guarantee Fund.

2:50 PM

50,000 small industries strike work in Coimbatore to protest raw material prices

Some 50,000 small businesses stopped work in Coimbatore district on Monday to protest skyrocketing prices of raw materials. The one day closure resulted in the production loss of around Rs 1,500 crore as the industries manufacture all types of spare parts for two-wheelers to six-wheelers, motor and pumps, defence and naval sectors, wet grinders, foundries and plastic industries, PTI reported quoting industry sources.

2:34 PM

Aishwarya Rai Bachchan appears before ED in Delhi

Actress Aishwarya Rai Bachchan appears before the Enforcement Directorate in Delhi for questioning in 'Panama Papers' case, says PTI quoting officials. 

2:25 PM

Banks recovered Rs 5.49 trn through resolution of bad loans in 7 years: FM

Banks recovered Rs 5.49 trillion through resolution of bad loans in last seven years, says Finance Minister Nirmala Sitharaman in Lok Sabha. Banks recovered about Rs 13,109 crore from asset sale of fugitive defaulters such as Nirav Modi and Vijaya Mallya.