Shares of Entertainment Network (India) soared 14 per cent to Rs 214.75 on the BSE in Thursday's intra-day trade on the back of heavy volumes. The stock of the company, which operates India's FM radio channel Radio Mirchi, traded close to its 52-week high of Rs 226.95 hit on August 2, 2021.

For October-December quarter (Q3FY22), ENIL had reported 70 per cent year-on-year (YoY) jump in its earnings before interest, taxes, depreciation, and amortization (ebitda) to Rs 35.6 crore on tight cost control measures. The company posted profit after tax (PAT) of Rs 11 crore against loss of Rs 2.7 crore in Q3FY21. Revenue grew 17 per cent YoY to Rs. 98.9 crore, driven by 23 per cent growth in core FM radio revenues.

Former chief minister and Punjab Lok Congress president Amarinder Singh on Thursday accepted his defeat and congratulated the Aam Aadmi Party for the victory in the state Assembly polls.

Amarinder Singh, 79, was defeated by Aam Aadmi Party candidate Ajit Pal Singh Kohli from Patiala (Urban) by a margin of 19,873 votes, according to the poll results declared on Thursday.

Amazon has suspended shipment of retail products to customers based in Russia and Belarus, and will no longer provide customers with access to its streaming service Prime Video in Russia.

The company said that it will no longer be accepting new Russia and Belarus-based AWS customers and Amazon third-party sellers.

The BJP strode ahead of the SP in the key state of Uttar Pradesh while the Aam Aadmi Party appeared set for a landslide win in Punjab as votes were counted for elections to five states on Thursday, according to the Election Commission website.

The BJP was also leading in Uttarakhand, Manipur and Goa, the other three states for which elections were held last month, trends indicated.

The Aam Aadmi Party took a big lead in Punjab and was ahead in 79 seats out of 117 with several heavyweights, including Chief Minister Charanjit Singh Channi, trailing behind its nominees in many seats, according to early trends.

Channi was trailing in both Chamakur Sahib and Bhadaur seats.

As the counting of the votes began on Thursday morning, the Bharatiya Janata Party was seen leading in the early trends in the states of Uttar Pradesh, Uttarakhand and Manipur while the Aam Aadmi Party made an early headway in Punjab.

As per the early trends in Uttar Pradesh, the saffron party was leading on 155 seats while Samajwadi Party was ahead on 97. The Bahujan Samaj Party didn't seem to woo the voters, as it was leading on only 6 seats. The Congress party continued to show its dismal performance and was leading on only 4 seats.

The Andhra Pradesh government has once again bagged the top rank in the Skoch State of Governance rankings.

The second rank was bagged by West Bengal and Odisha was ranked 3, Gujarat was ranked 4 and Maharashtra was ranked 5. Neighbouring Telangana was ranked 6.

Oil prices rose on Thursday following a sharp drop in the previous session as the market contemplated whether major producers would boost supply to help plug the gap in output from Russia due to sanctions for its invasion of Ukraine.

Brent crude futures were up $3.10, or 2.8%, at $114.24 a barrel at 0419 GMT after trading in a more than $5 range. The benchmark contract slumped 13% in the previous session in its biggest one-day drop in nearly two years.

A CBI court, in Delhi, on Wednesday sent Anand Subramanian, former Group Operating Officer and advisor to former MD of National Stock Exchange (NSE) to 14-day judicial custody, in the NSE co-location case.

The court, on Monday, had sent former managing director and chief executive officer of National Stock Exchange Chitra Ramkrishna to 7-day CBI custody in the NSE co-location scam case, saying her custodial interrogation was required for fair and proper investigations.

Indian pharmaceutical major Dr. Reddy's Laboratories Ltd said on Wednesday it was focused on employee safety and business continuity in and around Russia, despite many Western companies pulling out from Russia in recent days.

No Indian company has publicly withdrawn from Russia and New Delhi has declined to condemn Moscow's invasion of Ukraine, despite pressure from the United States to do so. Western companies such as McDonald's, PepsiCo, Coca-Cola and Starbucks have stopped sales of their best-known products in Russia.

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