The CBI Tuesday opposed in the Supreme Court the bail plea of RJD supremo Lalu Prasad Yadav, who is serving jail term in connection with fodder scam cases, saying he is likely to indulge in political activities ahead of Lok Sabha polls.

The CBI, which sought nod from a bench headed by Chief Justice Ranjan Gogoi to file its response to the bail plea of Yadav, said the RJD leader is likely to get involved in political activities and misuse the grant of bail ahead of upcoming Lok Sabha polls.

Asian Paints shares were trading lower for the third straight day, down 4 per cent, at Rs 1,440 in intra-day trade on Tuesday due to higher crude oil prices, one of the key raw materials in paint manufacturing.

Meanwhile, in a regulatory filing, Asian Paints said that a fire broke out at the company's paint manufacturing facility in Vishakhapatnam, Andhra Pradesh, on Tuesday afternoon.

India retained its position as the world's top recipient of remittances with its diaspora sending a whopping$ 79 billion back home in 2018, the World Bank said in a report Monday.

India was followed by China ($ 67 billion), Mexico ($ 36 billion), the Philippines ($ 34 billion), and Egypt ($ 29 billion), the global lender said.With this, India has retained its top spot on remittances, according to the latest edition of the World Bank's Migration and Development Brief.

The Election Commission has called the revenue secretary and chairman, Central Board of Direct Taxes on Tuesday to discuss ongoing income tax raids.

Revenue Secretary A B Pandey and CBDT Chairman P C Mody have been called to explain the raids amid allegations by the Congress that the ruling BJP was using enforcement agencies to target it during the poll season.

Infosys shares hit a new high of Rs 774, up 1 per cent, on the BSE in early morning trade on Tuesday ahead of its January-March quarter (Q4FY19) results on Friday. The stock has surpassed its previous high of Rs 771 touched on February 8, 2019, in intra-day trade.

In the past three weeks, Infosys has outperformed the market by gaining 9 per cent, after the IT major commenced buyback offer on March 20. In comparison, the benchmark S&P BSE Sensex was up 2 per cent and the sector index S&P BSE IT index was up 6 per cent during the same period.

The Supreme Court Monday asked as to why should government officials manage religious places and temples in the country while taking note of the fact that several devotees visiting the Jagannath temple in Puri were being harassed.

A bench of Justices SA Bobde and SA Nazeer observed this while hearing a plea which has highlighted difficulties faced by the devotees at Jagannath temple and their alleged harassment and exploitation by the 'sevaks' (staff).

The rupee opened eight paise higher at 69.59 against the US dollar on Tuesday amid soaring oil prices and subdued Asian equities. The domestic unit tumbled 44 paise to close at 69.67 on Monday amid higher dollar demand from importers and rising crude oil prices.

It was the third straight session of loss for the domestic unit, during which it has lost 126 paise.

Tech giants like Facebook and Google came under increasing pressure in Europe on Monday when countries proposed stricter rules to force them to block extreme material such as terrorist propaganda and child porn.

Britain called for a first-of-its-kind watchdog for social media that could fine executives and even ban companies. And a European Union parliamentary committee approved a bill giving internet companies an hour to remove terror-related material or face fines that could reach into the billions.

GIC, Singapore government's sovereign wealth fund, on Monday sold 70 million shares of the country's largest real estate developer, DLF, in a block deal for around Rs 1,344 crore.

The shares have been bought by existing investors who had pumped in Qualified Institutional Placement (QIP) programme at Rs 192. After the block deal broke, DLF share prices cracked by almost 8.4 per cent to close at Rs 184.60.

India's 15-member squad for the ICC World Cup in the UK will be selected on April 15 in Mumbai.

The Committee of Administrators (CoA) along with office bearers decided on the date during a meeting on Monday.

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