Shares of IDBI Bank surged 15 per cent to Rs 43.50 on the BSE in the intra-day trade on Thursday after the Cabinet Committee on Economic Affairs gave its in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank.

At 09:21 am, the stock was trading 9 per cent higher at Rs 41.35 on the BSE on the back of heavy volumes. Around 2.7 million equity shares had changed hands on the BSE in the first few minutes of trade, as compared to an average 1.74 million shares traded in the past two weeks. In comparison, the S&P BSE Sensex was up 0.10 per cent at 48,728 points.

Shares of Tata Steel rose 6 per cent and hit a new high of Rs 1,128.80 on the BSE in intra-day trade on Thursday after the company reported a higher-than-expected consolidated net profit, attributable to owners of the company, at Rs 6,644 crore in the March quarter (Q4) of FY21, against a net loss of Rs 1,481 crore in the corresponding period last year.

Revenue from operations jumped 39 per cent year-on-year (YoY) to Rs 49,977 crore on the back of higher steel prices and strong volumes, leading to strong operational gains.

As the spike in the COVID-19 caseload refuses to slow down, the Jharkhand government on Wednesday (May 5) extended the lockdown-like restrictions till May 13. The restrictions, first imposed on April 22 as Health Safety Week, were scheduled to end on Thursday (May 6).

The decision to extend the restrictions was taken at a meeting of the State Disaster Management Authority, chaired by Jharkhand Chief Minister Hemant Soren.

The Ministry of Railways on Wednesday informed that a total of 70,000 isolation beds have been made available by the Railways in over 4,400 Covid Care Coaches.

In the fight against Covid, the Ministry of Railways is taking action to move Isolation coaches to places of demand (made by respective states) mobilising workforce and material for this task. The Railways has made available a fleet of more than 4,400 Isolation Coaches with around 70,000 beds to serve as Isolation Units.

Rashtriya Lok Dal (RLD) chief and former union minister Ajit Singh passed away on Thursday (May 6) morning at a hospital in Gurugram due to COVID-19. He was 86.

Ajit Singh was undergoing treatment at a private hospital in Gurugram after testing positive for coronavirus. According to reports, the RLD chief's condition deteriorated on Tuesday night due to a lung infection.

Petrol and diesel prices witnessed a minor surge in the national capital and stood at Rs 90.74 and Rs 81.12 per litre, respectively on Wednesday.

The petrol prices were increased by 19 paise per litre and diesel by 21 paise in Delhi.

Rates have been increased across the country and differ from state to state depending on the incidence of value-added tax.

BJP's national president JP Nadda was scheduled to stage a sit-in protest along with state chief Dilip Ghosh at 6, Muralidhar Sen Lane the State BJP headquarters on Wednesday (May 5) at 9.30 am. However, the Kolkata Police on Tuesday (May 4, 2021) broke the stage set for Nadda's programme, sources told Zee Media.

The BJP leaders were to stage a protest to demand justice for the alleged killings of BJP workers during the violence after the Assembly Election results were announced. However, the sources told Zee Media that the 'dharna' will now take place at the Hastings Office.

The BCCI stands to lose over Rs 2000 crore of the broadcast and sponsorship money earmarked for this year's Indian Premier League which was indefinitely postponed on Tuesday due to Covid-19 cases in its bio-bubble.

The BCCI was forced to postpone the IPL after multiple cases of Covid-19 among players and support staff emerged from Ahmedabad and New Delhi in the past couple of days.

Delhi Police has registered 113 FIRs, of which 61 cases pertain to cheating and fraud in the name of providing COVID-19 medicines or oxygen while 52 cases related to black-marketing, hoarding or overcharging.

A total of 100 arrests have been made in these cases, the police informed on Tuesday.

The overall global Covid-19 caseload has topped 153.9 million, while the deaths have surged to more than 3.22 million, according to the Johns Hopkins University.

In its latest update on Wednesday morning, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and death toll stood at 153,953,421 and 3,223,436, respectively.

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