Amid the continuing economic crisis in the country, Sri Lanka is in talks with India for another credit line of USD 500 million for fuel imports.

This issue was discussed when Sri Lankan High Commissioner to India Milinda Moragoda met with Indian Finance Minister Nirmala Sitharaman last week, Daily Mirror newspaper reported.

Shares of J Kumar Infraprojects (JKIL) hit a 52-week high of Rs 254, up 3 per cent on the BSE in Tuesday’s trade in an otherwise weak market. The surge comes after the company’s profit after tax (PAT) more than doubled to Rs 74 crore in March quarter (Q4FY22), on back of healthy operational performance. The civil construction company had posted profit of Rs 33 crore in a year ago quarter.

The stock surpassed its previous high of Rs 250.75 that it had touched on May 4, 2022.

Nearly 80 per cent production of the mangoes in Uttar Pradesh has been severly hit this year due to abnormal weather conditions and unprecedented heat wave, say mango growers.

The All India Mango Growers Association has said the direct impact will be on the price of different varieties of mango, with each of them selling not less than Rs 70-80 per kilogram.

A petrol pump dealers' association will on Tuesday resort to 'no purchase of petrol and diesel' in protest against no increase in their commission by the oil marketing companies, but the protest is unlikely to disrupt supplies as fuel bunks have enough stocks to last couple of days.

Petrol Pump Dealers Association said its members in 22 states will join the protest.

At least two people were killed and several injured as heavy rains, accompanied by strong winds and thunderstorm, lashed parts of Delhi-NCR on Monday evening.

Kamal, 50, died in the Jama Masjid area in central Delhi after a portion of a balcony of his neighbour's house fell on him during the strong winds. He was taken to the Sanjeevan Hospital where he was declared brought dead.

Indian Revenue Service officer Sameer Wankhede, who headed the Narcotics Control Bureau in Mumbai when the NCB arrested several persons, including superstar Shah Rukh Khan's son Aryan in the controversial drugs-on-cruise case last year, was on Monday transferred to the DG Taxpayer Service Directorate in Chennai, an official said.

The NCB, which recently filed a charge-sheet in the drugs-on-cruise case, gave a clean chit to Aryan Khan, while an SIT set up by the anti-drug agency claimed the probe led by Wankhede had lapses.

The BJP and Congress on Monday welcomed the arrest of Delhi government minister Satyendar Jain and asked Chief Minister Arvind Kejriwal to remove him from his cabinet.

Jain was taken into custody under criminal sections of the Prevention of Money Laundering Act (PMLA) after a few hours of questioning on Monday, Enforcement Directorate (ED) officials said.

Shares of Raymond hit a new 52-week high of Rs 986 after they rallied 6 per cent on the BSE in Monday’s intra-day trade, extending their rally on strong earnings. The stock of the garments & apparels firm surpassed its previous high of Rs 964.15 touched on April 13, 2022. It had hit a record high of Rs 1,152 on May 2, 2018.

In the past one month, the stock has outperformed the market by gaining 18 per cent as compared to 2 per cent decline in the S&P BSE Sensex.

Automaker Nissan Motor India on Monday said it has inaugurated its new corporate headquarters in Gurugram.

The facility will house key functions, including sales, marketing, aftersales, finance, human resources and corporate communications, among others.

Infrastructure major Larsen and Toubro (L&T) on Monday said it has received another significant contract order for Chennai Metro Rail Project.

According to the company's project classification, the value of a significant order ranges between Rs 1,000 crore to Rs 2,500 crore.

L&T Construction awarded another Significant contract for Chennai Metro Rail Project (CMRL), L&T said in a statement.

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