Breaking news on November 7: Financial Express Digital’s ‘Breaking News Today’ provides all the big developments from India and around the world. Know what’s happening in the field of politics, sports, entertainment and other global news here. Our news nuggets cut all the noise to give you a to-the-point update.
Israel readies for Gaza City push
Israel gave civilians still trapped inside freshly encircled Gaza City a four hour window to leave on Tuesday, and residents escaping said they passed tanks in position to possibly begin storming it. Israel says its forces have surrounded Gaza City, home to a third of the enclave’s 2.3 million people, and are poised to storm it soon in their campaign to annihilate the Hamas Islamists who attacked Israeli towns exactly a month ago. (Reuters)
Mumbai local train skips halt at station on Harbour line
A suburban local train on the Central Railway’s Harbour line here skipped its scheduled halt at Khandeshwar station in Raigad district, causing inconvenience to commuters on Tuesday afternoon, an official said. A Chhatrapati Shivaji Maharaj Terminus-bound (CSMT) train from Panvel did not stop at Khandeshwar station around 1.24 pm, inconveniencing commuters waiting on the platform, the official said. (PTI)
Schools in Noida to remain closed till November 10 due to pollution
All schools in Noida and Greater Noida have been ordered to shut till November 10 owing to the deteriorating air quality in Uttar Pradesh’s Gautam Budha Nagar district. (Read More)
Tata mulls sale of Voltas home appliances business, reports Bloomberg News
Tata Group is considering to sell the home appliances business in Voltas, as the salt-to-software conglomerate foresees difficulties in scaling it up in a competitive market, Bloomberg News reported on Tuesday citing people familiar with the matter. (Reuters)
Odd-even scheme in Delhi: Gopal rai chair meeting
Delhi Environment Minister Gopal Rai chairs meeting with Transport Minister Kailash Gahlot and officers from the concerned Departments at Delhi Secretariat to formulate the plan of implementing the Odd-Even scheme in Delhi. (ANI)
India taking up carbon tax issue with EU and WTO
India is concerned by the imposition of a carbon tax by the European Union (EU) and is taking up the issue with the grouping and the World Trade Organization (WTO), trade minister Piyush Goyal said on Tuesday. “We are taking it up with the EU and at the WTO very, very seriously,” Goyal said at an industry event. (Reuters)
UBS reports Q3 loss amid integration expenses
UBS Group reported a $785 million third-quarter loss on Tuesday after booking $2.1 billion in expenses tied to the Swiss bank’s takeover of fallen rival Credit Suisse. The figure compared with the $444 million loss attributed to shareholders that analysts estimated in a UBS poll. (Reuters)
Income Tax dept raids Bhopal’s Som Group
Income Tax is raiding Som Group of Companies. Raids are underway in Bhopal, Jabalpur, and Indore. The group is largely in the business of spirits, beer, and alcopop. Further details awaited. (ANI)
Wipro asks employees to work from office thrice a week
Wipro, India’s fourth-largest IT services provider, is mandating that all its employees globally work from office at least thrice a week from this month, according to a company-wide email seen by Reuters on Tuesday. Companies have been reversing or modifying their “remote work” policies as COVID-19 pandemic-related restrictions wound down for reasons including better communication and collaboration among workers. (Reuters)
WeWork bankruptcy: India business will not be impacted in any manner, says WeWork India CEO Karan Virwani
Coworking major WeWork India on Tuesday said the Indian business will not be impacted in any manner, as it is not part of the bankruptcy proceedings filed by WeWork Global in the US court. In WeWork India, Bengaluru-based real estate firm Embassy Group has a 73 per cent stake, while WeWork Global has a 27 per cent shareholding. (PTI)
WeWork files for bankruptcy
Global coworking player WeWork has filed for bankruptcy in the US and has also started a comprehensive reorganization and restructuring process to cut debt and strengthen its balance sheet. NYSE-listed WeWork Inc said that its centres located outside the US and Canada will not be part of this proceedings. Softbank-backed WeWork Inc, which was once valued at USD 47 billion, had reported a net loss of USD 696 million in the first half of this year. (PTI)
