SpiceJet plane undershoots runway in Guwahati; DGCA grounds 2 pilots

A SpiceJet plane undershot the runway while landing at the Guwahati airport on Friday. The Directorate General of Civil Aviation (DGC) has grounded the two pilots who were operating the Bengaluru-Guwahati flight. Officials stated that none of the passengers was hurt in the incident. The DGCA is investigating the incident. 

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Covaxin efficacy can be determined only after 2 doses, says Bharat Biotech after Haryana Minister tests positive

Haryana Home Minister Anil Vij, on Saturday, tested positive for Covid-19 despite taking a Covaxin trial shot. The vaccine’s developer, Bharat Biotech, clarified that Covaxin’s efficacy can only be determined after 14 days of the second dose. The minister was only administered the first trial dose two weeks ago. The company further said that 50% of the trial participants received the vaccine, while others were administered a placebo.

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Tata Consumer Products’ subsidiary to sell MAP Coffee Business for Rs 6 crore

Tata Consumer Products Ltd (TCPL) said that its Australian subsidiary, Earth Rules, is selling MAP Coffee Business to Buccheri Group Pty Ltd for Rs 6.74 crore. MAP Coffee supplies Australian cafes, restaurants, and bars with a range of Italian roasted coffee. It joined TCPL in 2014. Post completion of the transaction, Earth Rules will continue to be a step-down subsidiary of TCPL.

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All states accept Centre’s borrowing plan to meet GST shortfall

All the 28 states and 3 Union Territories have accepted the Central Government’s Option-1 to meet the revenue shortfall arising out of GST implementation. The Centre has already borrowed an amount of Rs 30,000 crore on behalf of the states in five installments and has passed it on to the states and UTs. The next installment of Rs 6,000 crore will be released to the states/UTs on December 7.

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NSE revises circuit limits of over 300 stocks

The National Stock Exchange has revised the circuit limits of 302 stocks with affect from Monday (December 7). The circuit limit of Adani Gas, Angel Broking, Arvind Fashions, Central Bank of India, Emkay Global, and Snowman Logistics has been revised to 20% from 10%. The circuit limits of Reliance Communications, Reliance Infrastructure, Reliance Home Finance and Shree Renuka Sugars has been revised to 10% from 5%.

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Petrol price hits two-year high of Rs 83 a litre, diesel at Rs 73.32

Petrol price on Saturday crossed the Rs 83 per litre mark in Delhi for the first time in more than two years. The diesel price went up to Rs 73.32 per litre. The rally in international oil prices has forced the rates to increase for the 13th time in 2 weeks. The oil companies had resumed daily revision of fuel prices on November 20, after a break of 2 months.

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ONGC Videsh strikes oil in Colombia block

Oil and Natural Gas Corporation (ONGC) announced that its overseas subsidiary, ONGC Videsh, struck commercial oil in one of its Colombian blocks. This is the fourth commercial find in the block by ONGC Videsh Ltd. The company’s oil well ‘Indico-2’ is flowing under short term testing for further evaluation.

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Tata Motors supplies 26 electric buses to BEST

Tata Motors Ltd has delivered 26 all-electric buses to Brihanmumbai Electric Supply and Transport (BEST). These were delivered as a part of the larger order of 340 electric buses from BEST, under the Government of India’s FAME II initiative. The company stated that the rest of the units will be delivered in a phased manner as per schedule

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Sobha Ltd to invest Rs 1,000 crore in Delhi and Gurgaon to develop 2.76 million sq fr

Sobha Ltd said it will invest close to Rs 1,000 crore in Delhi and Gurgaon to develop 2.76 million sq ft, to expand its presence in the Delhi-NCR region. The company recently entered into a joint development agreement with a Delhi-based builder to develop 1 million square feet in Delhi’s Badarpur. They are also in talks with developers to build 1.73 million sq ft in Gurgaon.

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