Shares of Glenmark Pharmaceuticals declined 7 per cent to Rs 459 in the intra-day trade on the BSE on Wednesday, having fallen 13 per cent in the past two trading days on profit booking.

On Monday, the stock of the drug maker had rallied 27 per cent to Rs 520 after the firm received approval for Favipiravir’s (Fabiflu), a potential Covid-19 drug, by the Drug Controller General of India (DGCI).

The state-run oil companies on Wednesday raised the prices of diesel for the 18th consecutive day.

No increase was witnessed in petrol prices. With the current price hike, diesel has become costlier than petrol.

While petrol costs Rs 79.76 per litre, diesel can be bought at Rs 79.88 per litre. The price of diesel has been increased by 48 paise a litre.

MoS for the Union Ayush Ministry Shripad Naik on Wednesday said that his Ministry will clear its stance on pharmaceutical giant Patanjali's newly-launched ayurvedic drugs 'Coronil and Swasari' for the novel coronavirus after reviewing the report sent by it.

However, the Minister said that it is good that Baba Ramdev has given a new medicine to the country.

Union Defence Minister Rajnath Singh will not be meeting his Chinese counterpart Wei Fenghe in Moscow on the sidelines of 75th Victoria Parade, as suggested by some Chinese propaganda websites.

The development comes after Chinese media reported that Singh will meet his Chinese counterpart amid the border tensions between New Delhi and Beijing following the last week's violent face-off at Ladakh's Galwan Valley, where 20 Indian troops lost their lives.

A senior official associated with yoga guru Ramdev, and co-founder of Patanjali Yogpeeth Haridwar claimed that all "standard parameters for Randomised Placebo-Controlled Clinical Trials" of Ayurvedic medicine Coronil were followed to a tee, and the information was conveyed to the AYUSH ministry.

The development comes after the Patanjali Ayurved Ltd was asked by the AYUSH ministry of government of India to take down advertisements encouraging the use of Coronil, which was launched on Tuesday, to treat coronavirus.

India on Tuesday said it has asked Pakistan High Commission in New Delhi to reduce by half the staff strength and has also decided to do the same at its mission in Islamabad.

The Ministry of External Affairs (MEA) said the decision was taken as the behaviour of Pakistan and its officials is not in conformity with the Vienna Convention and bilateral agreements on the treatment of diplomatic and consular officials.

The Working Mechanism for Consultation and Coordination on India-China Border Affairs (WMCC) is likely to hold virtual meet on Wednesday to discuss border tensions between the two countries. The WMCC talks are headed by joint secretary-level officials from both sides.

WMCC was established in 2012 as an institutional mechanism for consultation and coordination for the maintenance of peace and tranquillity in the India-China border areas, as well as to exchange views on strengthening communication and cooperation, including between their border security personnel.

Chief of the Army Staff General Manoj Mukund Naravane on Tuesday interacted with gallant Indian Army soldiers at Military Hospital, Leh during his two-day visit to Eastern Ladakh.

Taking to the twitter, Indian Army said, General MM Naravane #COAS interacting with our gallant soldiers at Military Hospital, Leh during his two-day visit to Eastern #Ladakh.

Tennis world number one Novak Djokovic has been tested positive for coronavirus, joining a slew of other infected players who took part in his Adria Tour exhibition tournament in the Balkans.

Novak Djokovic tested positive for a virus COVID-19," read a statement from his staff. "He is not showing any symptoms, it added.

The Securities and Exchange Board of India (Sebi) has posted a 13 per cent increase in its total income to over Rs 963 crore in 2018-19, mainly because of rise in earnings from fees and subscription income.

According to the annual accounts of Sebi, the total expenditure of the regulator also rose to Rs 492.34 crore for the year ended March 31, 2019, from Rs 414.46 crore in the previous financial year.

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