Shares of Reliance Industries (RIL) were up nearly 3 per cent at Rs 2,202 on the BSE in intra-day trade on Monday on a report that Saudi Aramco is in advanced talks for an all-stock deal to acquire a stake in the company’s oil refining and chemicals (O2C) business. The stock of the Mukesh Ambani-led RIL was trading at its highest level since June 24, 2021. It had hit a record high of Rs 2,368.80 on September 19, 2020.

The Middle Eastern energy firm is discussing the purchase of roughly 20 per cent stake in the Reliance unit for about $20 billion to $25 billion in Aramco’s shares, Bloomberg reported quoting the people with knowledge of the matter. RIL could reach an agreement with Aramco as soon as the coming weeks, the report suggested.

Avenue Supermarts, the owner of D-Mart chain of retail stores, surpassed private sector lender Axis Bank and the construction and engineering giant Larsen & Toubro (L&T) in market capitalisation (market-cap) ranking as the stock of the department stores hit a new high on the BSE in intra-day trade on Monday.

At 11:41 am, with market-cap of Rs 2.36 trillion, Avenue Supermarts stood at the number 16th position in the overall market-cap ranking, ahead of L&T (Rs 2.332 trillion) and Axis Bank (Rs 2.334 trillion), the BSE data shows.

Amidst the ongoing turmoil in Afghanistan, Air India's flight scheduled to Kabul on Monday will not be able to operate as Afghanistan has closed its airspace, the national carrier informed on Monday.

Due to the closure of Afghanistan airspace, flights cannot go there, Air India said.

India's coronavirus caseload mounted to 3,22,25,513 on Monday with 32,937 fresh infections, while the active cases came down to 3,81,947, the lowest in 145 days, according to Union health ministry data.

The death toll climbed to 4,31,642 as 417 more people succumbed to COVID-19, the data updated at 8 am showed.

Cash management company CMS Info Systems has filed preliminary papers with markets regulator Sebi to mop up Rs 2,000 crore through its initial share sale offering.

The company's initial public offer (IPO) is a pure offer for sale by promoter Sion Investment Holdings Pte Limited, an affiliate of Baring Private Equity Asia, as per the draft red herring prospectus (DRHP).

Prime Minister Narendra Modi on Monday paid his tributes to former prime minister Atal Bihari Vajpayee on his death anniversary at the 'Sadaiv Atal' Samadhi in the national capital.

Union Home Minister Amit Shah, Union Defence Minister Rajnath Singh and other Bharatiya Janata Party (BJP) leaders were also present at the memorial.

While the Taliban managed to surround Kabul today, the Afghan President Ashraf Ghani left the country for Tajikistan amid the push for power from terrorists. The head of the High Council for National Reconciliation, Abdullah Abdullah, confirmed the news through a video posted on Facebook. He has further asked the people to keep calm and requested the Afghan security forces to cooperate in ensuring security.

When asked for a comment on the whereabouts of President Ghani, the office said, Cannot say anything about Ashraf Ghani's movement for security reasons.

India saw a single-day rise of 38,667 new coronavirus infections, taking the total tally of cases to 3,21,56,493, while the death toll rose to 4,30,732 with 478 fresh fatalities, according to the Union Health Ministry data updated Saturday.

The ministry said the country has now reported less than 50,000 daily new cases for 48 consecutive days.

The Punjab government Saturday announced that from Monday the state will allow entry to only those who are either fully vaccinated against coronavirus or have a negative RT-PCR report.

The directions, issued after Chief Minister Amarinder Singh held a Covid review meeting here, also said there will be strict monitoring of people coming from Himachal Pradesh and Jammu.

Tata Power Solar Systems has received a notice of award to build 50MWp solar PV plant with 50MWh battery energy storage system project at Phyang village in Leh, Ladakh.

The order value is Rs 386 crore and the commercial operation date is set for March 2023.

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