In the last 24 hours, India registered 11,451 new Covid-19 cases and 266 deaths, the Union Health Ministry said on Monday.

The new fatalities increased the nationwide death toll to 4,61,057.

The recovery of 13,204 patients in the same time period has increased the cumulative tally to 3,37,63,104. Consequently, India's recovery rate stands at 98.24 per cent, the highest since March 2020.

The global coronavirus caseload has topped 250 million, while the deaths have surged to more than 5.04 million and vaccinations soared to over 7.24 billion, according to the Johns Hopkins University.

In its latest update on Sunday morning, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload, death toll and the total number number of vaccine doses administered stood at 250,610,452, 5,048,865 and 7,246,604,164, respectively.

Shares of Divi's Laboratories slipped 9 per cent to Rs 4,751 on the BSE in Monday's intra-day trade as the company's earnings before interest, tax, depreciation and amortization (ebitda) margin contracted by 180 basis points year-on-year (YoY) to 41.5 per cent in September quarter (Q2FY22) due to higher other expenses/employee costs.

The stock of the pharmaceutical company had hit a 52-week high of Rs 5,425 on October 18, 2021. In comparison, the S&P BSE Sensex was down 0.11 per cent at 60,002 points at 09:39 am.

The price of gold on Monday remained unchanged with 10 grams of the yellow metal selling at Rs 47,220 (24-carat). The price of 10 grams of 22-carat gold is Rs 46,220. The price of silver on Monday was also unchanged and 1 kg of the precious metal was selling at Rs 64,400.

In Delhi, the rate of 24-carat gold stands at Rs 51,560, while in Mumbai the yellow metal is trading at Rs 47,220. The price of 10 grams of 22-carat gold in Delhi and Mumbai today is Rs 47,260 and Rs 46,220, respectively.

Shares of IndusInd Bank slumped 10 per cent to Rs 1,069.90 on the BSE in Monday's opening trade despite the bank management strongly refuting allegations around the evergreening of loans, citing media reports as inaccurate and baseless.

With today's decline, the stock has slipped nearly 14 per cent from its 52-week high of Rs 1,242 on October 28, 2021. In comparison, the S&P BSE Sensex was down 0.22 per cent at 59,935 points at 09:30 am.

Ola Financial Services (OFS) -- a subsidiary of Ola -- is looking to expand its insurance business internationally to support the company's mobility service through products designed for the UK and Australia and New Zealand (ANZ) markets.

Ola's parent company ANI Technologies said OFS had a turbulent year (FY21) with the impact of external factors on the lending environment in general and the double impact on mobility business and its spillover to the OlaMoney brand.

Express logistics company TCI Express is looking to begin deliveries using drones by the end of the ongoing fiscal, a top company official said.

Recently, the company concluded its initial trials, TCI Express Managing Director (MD) Chander Agarwal told PTI.

The country's largest carmaker Maruti Suzuki India is keeping a close watch on the price movement of commodities, which had touched an 'unprecedented' high in the second quarter, to fix its vehicle prices in the future as it has not fully passed on the impact to consumers, according to a senior company official.

The company is hoping for a softening of commodity prices, which also move cycles, having sort of reached the peak.

Responding to the World Health Organization's (WHO) warning of a new COVID-19 wave, AIIMS Doctor and Epidemiologist Dr Sanjay K Rai on Friday said that it is unlikely if a large population has already been already infected by the virus.

The WHO had earlier warned of a massive COVID-19 wave in Europe and Central Asia. It also said that over 5,00,000 deaths (combined) are likely in this region by February 2022.

The Income Tax Department has frozen deposits worth over Rs 53 crore of an urban credit cooperative bank in Maharashtra after it found "glaring irregularities" in the opening of accounts in a recent raid, the CBDT said on Saturday.

The department raided the headquarters of the bank and the residence of its chairman and a director on October 27, it said.

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