Domestic equity benchmark BSE Sensex surged over 250 points in opening trade Monday driven by gains in index heavyweight Infosys, amid positive cues from global markets.

The 30-share index, however, gave up some gains to trade 164.84 points, or 0.43 %, higher at 38,901.07 at 0930 hours. Similarly, the broader Nifty rose 46.95 points, or 0.41 %, to 11,599.45.

At least 13 people have died in Bihar floods which has affected nine districts of the state. Around 20 lakh people are affected due to the floods. With floods causing havoc in Nepal, where at least 65 people have been killed, it is also affecting districts which share a border with Nepal.

Shares of IT bellwether Infosys rallied as much as 5.48 per cent in the opening deals on Monday after it reported healthy set of numbers for the March quarter (April-June) of the financial year 2019-20 (FY20).

At 09:37 am, the stock was trading 4.29 per cent higher at Rs 758 apiece on the BSE. Other IT stocks, too, gained in the trade lifting the Nifty IT index 1.52 per cent higher at 15,459 levels.

At least seven people, including six Army personnel, were killed and 28 injured after a four-storey building collapsed in Himachal Pradesh's Solan district, the police said on Monday.

The building, located on the Nahan-Kumarhatti road, housed a restaurant and collapsed on Sunday evening after heavy showers, they said.

The launch of Chandrayaan-2, India's second mission to the moon, was postponed after a technical glitch was observed in the launch vehicle system early morning on Monday.

Less than an hour before the scheduled lift-off, the Indian Space Research Organisation (Isro) informed of the launch being put off due to the snag. "It is not possible to carry out the launch within the window," said the mission director. The new schedule will be announced later.

Former CEA Arvind Subramanian Friday criticised the RBI for its regulatory failures, saying its Financial Stability Reports never mentioned about the possible liquidity crisis in the IL&FS, one of the largest NBFC in the country.

Subramanian further said that India's biggest challenge at the moment is twin balance sheet problem.

Answering critics of her maiden Budget, Finance Minister Nirmala Sitharaman Friday said every estimate in the Budget 2019-20 was "realistic" and that the focus on agriculture and investments lay foundation for nearly doubling size of the economy to USD 5 trillion in five years.

Audi AG has announced that Rahil Ansari, head for India operations, is relocating to the Volkswagen-owned carmaker’s headquarters in Ingolstadt, Germany. Balbir Singh Dhillon, who currently heads the dealer development for the company, will replace Ansari. The top-level management change will be effective from 1 September 2019.

US regulators have approved a USD 5 billion penalty to be levied on Facebook to settle a probe into the social network’s privacy and data protection lapses, the Wall Street Journal reported Friday. The newspaper said the Federal Trade Commission approved the settlement in a 3-2 vote, with the two Democratic members of the consumer protection agency dissenting.

The State Bank of India-led committee of creditors (CoC) of the debt-laden Essar Steel on Friday approached the Supreme Court, challenging last week’s National Company Law Appellate Tribunal (NCLAT) order that reduced its share of the sale proceeds from 90% to 60%, apart from putting the operational creditors at par with financial creditors in terms of settlement of claims.

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