Shares of Mangalore Refinery & Petrochemicals (MRPL) hit over three-year high of Rs 65.45, after it rallied 13 per cent on the BSE in Wednesday’s trade, on the back of heavy volumes. The stock of state-owned refineries & marketing company surged 24 per cent in the past two trading days. Earlier, the stock quoted its highest level in March 2019.

In the past 12 trading days, the market price of MRPL has zoomed 58 per cent so far in April, as compared to 2.7 per cent decline in the S&P BSE Sensex. The trading volumes on the counter jumped nearly three-fold as around 49 million shares changed hands on the NSE and BSE.

Shares of Reliance Industries (RIL) were up 3.5 per cent at Rs 2,730 in Wednesday's intra-day trade, surging as much as 7 per cent in the last two trading sessions, on expectations of healthy earnings. The stock of the Mukesh Ambani-led refineries & marketing company is now close to its record high of Rs 2,750 touched on October 19, 2021.

RIL's consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) is estimated to grow 66.3 per cent year-on-year (YoY) to Rs 38,824 crore, mainly led by oil-to-chemical (O2C) and digital service segments. On a quarter-on-quarter (QoQ) basis, it is expected to grow 30.7 per cent led by O2C segment, ICICI Securities said in its result preview.

The first fatality after weeks of protests in Sri Lanka over food and fuel shortages intensified calls for President Gotabaya Rajapaksa to resign, with a key opposition leader saying Rajapaksa was “responsible for every death.”

Officers fired live rounds Tuesday night in the central Rambukkana area after tear gas failed to dispel a group of protesters who had blocked a train track and tried to set fire to a diesel truck, the police media unit in capital Colombo said by phone. One person was killed in the clash, according to Agence France-Presse and several local media outlets.

A public interest litigation (PIL) has been filed in the Bombay High Court seeking the initiation of contempt of court proceedings against Maharashtra Chief Minister Uddhav Thackeray, state home minister Dilip Walse Patil, Shiv Sena MP Sanjay Raut, and others for allegedly passing remarks against the judiciary.

The petition filed by the Indian Bar Association claimed that the respondents holding ministerial positions have levelled several "false, scandalous and contemptuous" allegations against the judges of the High Court and the entire judicial system.

A day after Union Home Minister Amit Shah held a meeting of the concerned department on power situation, the Congress on Wednesday attacked the Centre and alleged that only eight days of coal was left in the country.

"8 years of big talk has resulted in India having ONLY 8 DAYS of coal stocks.

Chinese state-sponsored hackers had targeted India's power grids in Ladakh possibly for information on India's critical infrastructure or to prepare for sabotage in the future, according to the American cybersecurity firm Recorded Future.

This report, released earlier this month, details a campaign conducted by a likely Chinese state-sponsored threat activity group targeting the Indian power sector.

Streaming giant Netflix saw its stock tumbling by 20 per cent after it reported a loss of 2 lakh paid subscribers in the first quarter of 2022 -- its first subscriber loss in over a decade.

Moreover, Netflix forecasts a global paid subscriber loss of 20 lakh for the second quarter (Q2) of 2022.

Shares of Coal India (CIL) hit an over two-year high of Rs 205.55, up 4 per cent on the BSE in Wednesday’s intra-day trade, surging as much as 10 per cent in the past three trading days on expectation of strong earnings.

The stock of state-owned mining company traded at its highest level since January 2020. In past three months, the stock has rallied 25 per cent, as compared to a 5.4 per cent decline in the S&P BSE Sensex.

Market regulator the Securities and Exchange Board of India (Sebi) on Tuesday imposed a penalty of Rs 24 crore on nine entities including Malvinder Mohan Singh and Shivinder Mohan Singh for irregularities at Fortis Healthcare.

The market regulator fined the Singh brothers Rs 5 crore each while their associate company RHC Holdings was fined Rs 2.5 crore. Sebi also banned Malvinder Singh and Shivinder Singh from accessing securities market for a period of three years.

Japan's health ministry on Tuesday formally approved Novavax's COVID-19 vaccine, a fourth foreign-developed tool to combat the infections as the country sees signs of a resurgence led by a subvariant of fast-spreading omicron.

The ministry approval comes the day after its experts panel endorsed use of Novavax's protein vaccine, which is designed with similar technology used to fight diseases such as the flu and hepatitis B, for the first two shots and a booster.

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