With the government looking to file the DRHP for the LIC initial public offering (IPO) by January next year, MR Kumar, Chairman, LIC India said preparation are in full swing. Former Punjab Chief Minister Captain Amarinder Singh ended his association with the Congress on Tuesday and sent his resignation letter to the party president Sonia Gandhi. The October trade data is a mix of everything- higher imports, higher exports, and also higher trade deficit; here are some top news of the day

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ECONOMY

October trade data a mixed bag with higher exports, imports, trade deficit

The October trade data is a mix of everything- higher imports, higher exports, and also higher trade deficit. India's exports have grown over 40 percent compared to last year. Imports are up over 50 percent. And trade deficit stood at second-highest this month at $20 billion. Read more

Pradip Chaudhari arrest case: Alchemist ARC accuses loan defaulters of 'defaming' board members

Defaulting borrowers are trying to “frustrate the recovery process” initiated by the lenders and Alchemist Asset Reconstruction Company, the ARC said in a statement. They are harassing and defaming the board members of Alchemist ARC, the lawful assignee of loans of SBI, it said. Read more

Petrol price crosses Rs 110 mark in Delhi, surges to Rs 115.85 in Mumbai

The oil marketing companies added 35 paise to petrol prices across the country on Tuesday, whereas diesel prices remained unchanged. The price of petrol in Delhi was Rs 110.04 per litre and Rs 115.85 per litre in Mumbai. Also Read

MARKETS

Preparations for LIC IPO in full swing, says Chairman MR Kumar

With the government looking to file the DRHP for the LIC initial public offering (IPO) by January next year, MR Kumar, Chairman, LIC India said preparation are in full swing and believed the timelines would definitely get honoured. Also Read

Gold slides to Rs 47,850; good time to take positions?

Domestic gold prices edged lower on Dhanteras, Tuesday amid a rising dollar. Silver followed suit, following the trends in global precious metal prices. Experts suggest buying the yellow metal on dips, check the targets here.

Exclusive: Delhivery to file papers for IPO worth Rs 7,000 crore

Delhivery, an Indian delivery and e-commerce logistics company has filed a draft red herring prospectus with markets regulator SEBI for a public issue worth Rs 7,460 crore. Also Read

INDIA

Bypoll Results: Concerns for BJP in West Bengal, Himachal Pradesh

The results of bypolls to three Lok Sabha and 29 assembly seats spread across 13 states and a union territory have been a mixed bag for the BJP. Continue Reading

Amarinder Singh exits Congress

Former Punjab Chief Minister Captain Amarinder Singh ended his association with the Congress on Tuesday and sent his resignation letter to the party president Sonia Gandhi listing the reasons for his exit. Read on

COVID-19 vaccination: Centre’s 'Har Ghar Dastak' campaign begins

The Centre on November 2 launched its mega COVID-19 vaccination drive, ‘Har Ghar Dastak,’ on the occasion of Dhanwantari Diwas. Under the campaign, health workers will go door-to-door for a month to vaccinate people in districts with low vaccination coverage.