Chief Minister Arvind Kejriwal Wednesday ordered the suspension of Delhi's food and supplies commissioner over alleged irregularities in ration system, Food minister Imran Hussain said.

The orders of the food commissioner's suspension have been sent to Lt Governor Anil Baijal, Hussain said at a press conference here.

Shares of information technology (IT) companies are trading higher for the third straight session, with the Nifty IT index gaining 5% so far during this period on value buying.

Tata Consultancy Services (TCS) and Infosys, from the index, are up 4% each at Rs 1,961 and Rs 663, respectively. NIIT Technologies, Mindtree, Tata Elxsi, Tech Mahindra and HCL Technologies are up in the range of 1% to 3% on the National Stock Exchange (NSE).

External Affairs Minister Sushma Swaraj on Wednesday said India would not participate in the South Asian Association for Regional Cooperation (SAARC) summit in Pakistan.

She was responding to a question on Pakistan invitation to Prime Minister Narendra Modi to visit Pakistan for the summit. We are not responding to it positively, she said at a press conference in Hyderabad, where she arrived for campaigning for the Telangana Assembly elections.

Petrol price Wednesday fell below Rs 74 per litre mark for the first time since April as the six-week long price reduction spree wiped off all of the massive price hikes witnessed in petrol and diesel rates earlier this year.

Petrol price in Delhi was cut by 50 paisa to Rs 73.57 per litre, according to a price notification issued by state-owned fuel retailers. This is the lowest petrol price since April.

Reliance Industries arm has acquired substantial stake in media startup New Emerging World of Journalism (NEWJ) with an initial investment of Rs 10.3 million.

As initial tranche, RIIHL (Reliance Industrial Investments and Holdings Limited) has subscribed to 30,000 equity shares and 125 compulsory convertible debentures for total cash aggregating to Rs 10.3 million and consequently NEWJ has become subsidiary of RIIHL and the company, RIL said in a late regulatory filing on Tuesday.

Dr Reddy's Laboratories Wednesday said it has launched chlorthalidone tablets, used to treat high blood pressure, in the US market.

Dr Reddy's Laboratories Ltd launched Chlorthalidone tablets USP in the strengths of 25 mg and 50 mg, a therapeutic equivalent generic version of Hygroton tablets, Dr Reddy's Laboratories said in a BSE filing.

The rupee on Wednesday opened 9 paise lower at 70.88 against the US dollar.

On Tuesday, the domestic unit recovered by 8 paise to close at 70.79 on increased selling of the greenback by exporters and softening crude oil prices.

Christian-majority State of Mizoram votes on Wednesday to decide whether the Congress will hold on to its last bastion in the North-East or make way for a change of government.

But for the first time since it attained statehood in 1986, Mizoram is unsure whether the Congress’s traditional rival Mizo National Front (MNF) or another political entity would be that ‘change.’

Five years after setting foot on Indian soil, US online retail giant Amazon has emerged as the leader in the domestic e-commerce market, zipping past homegrown rival Flipkart in gross merchandise value (GMV), or gross sales, on its platform.

Amazon’s India unit clocked gross sales of $7.5 billion in the year ended March 31, 2018, while rival Flipkart’s sales stood at $6.2 billion, according to report by Barclays published on Monday.

Shares of YES Bank slipped as much as 2.1 per cent to Rs 184 in the intra-day trade on the National Stock Exchange (NSE) after a news report suggested that the Reserve Bank of India (RBI) on Monday began examining the private bank's exposure to various Non-Banking Finance Companies (NBFCs).

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