Delhi Revenue Minister Kailash Gahlot has been given the additional charge of finance and power while Social Welfare Minister Raaj Kumar Anand will be handling education and health departments till new ministers are appointed in the Cabinet, officials said on Tuesday.

The announcement was made on Tuesday hours after Delhi ministers Manish Sisodia and Satyendra Jain, arrested on corruption charges, resigned from the Arvind Kejriwal-led cabinet.

Shares of Adani Enterprises soared 12 per cent to Rs 1,532.85 on the BSE in Wednesday’s intra-day trade, extending its previous day’s gain, on receipt of Letter of intent (LoI) in respect of Kutrumali bauxite block in Odisha. In past two days, the stock of Adani group flagship firm has rallied 28 per cent. While, from Tuesday’s low, the stock has galloped over 39 per cent.

Adani Enterprises on Tuesday said its arm Mundra Aluminium (MAL) has been declared as the preferred bidder for the Kutrumali bauxite block by the Odisha government.

India’s third-largest private sector lender, Axis Bank, has completed the acquisition of Citibank India’s consumer business and the consumer business of its non-banking finance arm, Citicorp Finance (India) Ltd, for Rs 11,603 crore instead of Rs 12,325 crore estimated earlier.

In a notification to the exchanges, Axis Bank said “…the businesses of Citibank NA and Citicorp Finance Ltd stands transferred to Axis Bank.

India logged 240 new coronavirus infections, while the active cases climbed to 2,335, according to the Union Health Ministry data updated on Wednesday.

The death toll stands at 5,30,772 with one fatality reported by Rajasthan, the data updated at 8 am stated.

Tata Group’s talks for a majority stake in Bisleri International Pvt, one of India’s largest bottled water makers, have stalled over valuation, according to people familiar with the matter.

The Indian conglomerate had been in advanced discussions to take control of Bisleri and the parties were working on finalizing the structure of a transaction, the people said.

Petroleum and oil marketing companies raised the price of commercial liquid petroleum gas (LPG) cylinders by Rs 350.50 per unit and domestic LPG cylinders by Rs 50 per unit with immediate effect from Wednesday.

As per the revised rates, commercial LPG cylinders will now cost Rs 2,119.50 per unit in Delhi and price of domestic LPG cylinders will be Rs 1,103 per unit, in the national capital.

Singapore Airlines' deal with Tata Sons (Tata) will inject a further SGD 360 million (USD 267 million) into Air India. It will give SIA a 25.1 per cent stake in the enlarged Air India group following its takeover by Tata and merger with Vistara Airlines.

The November 2022 deal between Singapore Airlines and Tata Sons to further inject USD 267 million into Air India is one of the key strategic initiatives for future growth mentioned in the quarterly financial report.

Gold prices fell Rs 160 in Tuesday's early trade with ten grams of 24 carat gold trading at Rs 56,020, according to the GoodReturns website. Silver prices fell Rs 700, with 1 kg of silver selling at Rs 67,800.

The price of ten grams of 22 carat gold fell Rs 150 from yesterday's close to Rs 51,350.

The price of ten grams of 22 carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 51,350.

The BJP hit out at the AAP for protesting against the arrest of Delhi Deputy Chief Minister Manish Sisodia, asserting that the CBI is acting lawfully against the "corrupt" but it seems that the city's ruling party does not believe in law, Constitution and people.

Addressing a press conference, BJP leader Gaurav Bhatia said, "With its 'drama' and show of 'anarchy', the AAP has signalled that it will not let probe agencies do their work which amounts to obstructing the process of justice and contempt of court."

Hitting out at the BJP-led government at the Centre, the CPIML(L) on Monday said the arrest of Delhi's deputy chief minister Manish Sisodia by the CBI was an assault on democracy.

In a statement, CPIML(L) general secretary Dipankar Bhattacharya said Sisodia was arrested on the "flimsy pretext" of non-cooperation.

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