Shares of Indian Bank rallied 4 per cent to hit over four-year high of Rs 322.5 per share in Tuesday’s intra-day trade, amid heavy volumes. The stock traded at its highest level since September 2018, and hit a record high of Rs 428 in November 2017.

In the past two trading days, the stock price of state-owned lender surged 12 per cent, as compared to nearly 1 per cent decline in the S&P BSE Sensex.

ArcelorMittal India, on Monday, said that the National Company Law Tribunal (NCLT) had approved AM Mining India’s resolution plan for Indian Steel Corporation (ISC), a Gujarat-based downstream unit. AM Mining is a subsidiary of ArcelorMittal India (AMIPL) and part of the ArcelorMittal and Nippon Steel joint venture.

In a statement, AMIPL said that it looks forward to implementing the recently passed resolution plan in due course.

The Income-Tax Department has sent 8,000 notices to various individuals who made large donations to charitable trusts, The Economic Times (ET) reported. The notices have been sent because the donations made appear to be attempts to evade tax.

Government officials aware of the development were quoted in the report as saying that the data shows that donations made by these taxpayers was not consistent with their declared incomes and expenditures.

Automotive major Mahindra and Mahindra (M&M) appointed Kedar Apte as the chief of international operations for the farm equipment and two-wheeler (2W) business. This comes at a time when the group is focusing on an ambitious global tractor program, K2.

Apte comes from Jio-bp (a joint venture between Reliance & bp for mobility in India). He was working as the chief marketing officer at Jio-bp.

The government of Tamil Nadu on Monday signed a memorandum of understanding (MoU) with High Glory Footwear India, a subsidiary of Taiwan-based Pou Chen Corporation, the world’s largest branded athletic and casual footwear manufacturer, which may see investments to the tune of Rs 2,302 crore and generate more than 20,000 jobs.

The MoU entails the setting up of a non-leather footwear manufacturing unit in SIPCOT Industrial Park, Ulundurpettai, in Kallakurichi district.

India's Wholesale Price Index (WPI)-based inflation for the month of March came in at 1.34 per cent against 3.85 per cent in February.

"Decline in the rate of inflation in March, 2023 is primarily contributed by fall in prices of basic metals, food products, textiles, non-food articles, minerals, rubber and plastic products, crude petroleum and natural gas and paper and paper products," the Centre's press release read.

Just a day after quitting the Bharatiya Janata Party (BJP), former Karnataka Chief Minister Jagadish Shettar on Monday joined Congress ahead of the upcoming state assembly elections.

Shettar arrived at the Congress office in Bengaluru on Monday. His induction to the party took place in the presence of Congress chief Mallikarjun Kharge, Karnataka state Congress president DK Shivakumar and Leader of Opposition in the state assembly Siddaramaiah.

The Centre has told the Supreme Court that the demand for same-sex marriage is a "mere urban elitist view for the purpose of social acceptance", and recognising the right of same-sex marriage would mean a virtual judicial rewriting of an entire branch of law.

Opposing before the Supreme Court a decision to examine the issue for granting legal sanction to same sex marriage, the Centre asked could a constitutional court legislate to create a separate socio-legal institution of marriage between persons not contemplated by the existing legislation.

A plea has been moved in the Supreme Court by an advocate seeking to constitute an Independent Expert Committee under the Chairmanship of a Former Supreme Court Justice to inquire about the encounters that had occurred since 2017 as stated by the Uttar Pradesh Special Director General of Police (Law and Order) and also to inquire into the police custody murder of Atiq and Ashraf in Uttar Pradesh.

Gangster-turned-politician Atiq Ahmed and his brother Ashraf were shot dead while they were taken to a hospital in Prayagraj yesterday amid police presence.

Apple is celebrating more than 25 years in India. This week, the American technology giant is marking a major expansion with the opening of its first Apple Store locations in the country – Apple BKC in Mumbai on April 18, followed by Apple Saket in Delhi on April 20.

“At Apple, our mission is to enrich lives and empower people around the world,” said Tim Cook, Apple’s CEO.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.