The price of 10 grams of 24 carat gold on Thursday went down by Rs 230 to trade at Rs 51,280, while the price of 1 kg of silver rose by Rs 400 to Rs 62,700 per kg.

The price of 10 grams of 22 carat gold is also unchanged and the yellow metal is selling at Rs 47,200, according to the Goodreturns website.

Sweltering heat and ongoing blackouts are forcing India’s liquefied natural gas importers to top up with expensive shipments.

Torrent Power Ltd. and GAIL India Ltd. bought LNG for May delivery in the last week, with the fuel set to be used to help power plants boost generation, according to traders with knowledge of the matter. The utilities paid about triple the normal spot rate for this time of year, as Russia’s invasion of Ukraine exacerbates a global supply crunch.

India logged 3,275 new coronavirus infections in a day, pushing the number of active cases to 19,719 and the overall tally to 4,30,91,393, according to the Union Health Ministry data updated Thursday.

The data released at 8 am also showed that 55 fatalities -- 52 of them from Kerala alone -- were reported in a 24-hour span, taking the cumulative death toll to 5,23,975.

Chief Executive Officer of Pune based Serum Institute of India Adar Poonawalla on Wednesday clarified that the COVID-19 vaccine Covovax is available for everyone above the age of 12 years.

"A lot of you have asked if Covovax is available for adults. The answer is yes, it is available for everyone above the age of 12," Poonawalla tweeted.

Retail wealth management firm Prudent Corporate Advisory Services on Thursday set a price band of Rs 595-630 per share for its Rs 539-crore initial public offering (IPO).

The three-day initial share-sale will open for public subscription on May 10 and the bidding for anchor investors will open on May 9, according to the company.

Life Insurance Corporation of India’s (LIC’s) initial public offering (IPO), which opened for subscription on Wednesday, was subscribed 67 per cent, or 0.67 times, at the end of Day 1, driven by robust interest from its policyholders, employees, and the retail segment. The issue will remain open till May 9.

The policyholders’ segment was subscribed close to two times, the employees’ segment 1.17 times, and the retail segment 0.6 times. The non-institutional investors and qualified institutional buyers’ segments were subscribed 0.27 times and 0.33 times, respectively, on the first day.

In a major setback to the Enforcement Directorate (ED), the Bombay High Court on Wednesday quashed a magisterial court order and an FIR lodged against Indiabulls Housing Finance Limited (IHFL) and its promoters on the basis of which ED was probing a case under the Prevention of Money Laundering Act (PMLA).

Earlier in February, the ED had conducted raids in Delhi and Mumbai at the premises of Indiabulls and its promoters. The ED had also written to the National Stock Exchange (NSE) in this connection.

ABB India on Wednesday posted over two-fold jump in its net profit to Rs 370 crore in the March quarter compared to the year-ago period mainly on the back of higher revenues.

The net profit of the company was Rs 151 crore in the quarter ended on March 31, 2021, a company statement said.

The company follows January to December financial year.

Pfizer has set up a global drug development centre at the IIT Madras Research Park in Chennai.

The company has invested $20 million in the 61,000 square feet research and technology centre at the IIT Madras Research Park. While this centre will be part of a network of 12 global centres set up worldwide, it is the first and only one at present being set up by Pfizer in Asia.

Adani Green Energy Ltd (AGEL) on Wednesday posted over 16 per cent rise in its consolidated net profit to Rs 121 crore in the March quarter compared to year ago, mainly on the back of higher revenues.

The consolidated net profit of the company was Rs 104 crore in the quarter ended on March 31, 2021, a statement showed.

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