A Border Security Force (BSF) sub-inspector allegedly shot himself dead at a post along the India-Pakistan international border here on Monday, officials said.

Ramdev Singh was found lying in a pool of blood and his personal assault weapon was found by his side when a junior rank soldier reached his room around 6.35 am.

India's COVID-19 tally climbed to 4,38,68,476 on Saturday with 21,411 fresh cases, while the number of active cases increased to 1,50,100, according to Union health ministry data.

The death toll climbed to 5,25,997 as 67 more people succumbed to the viral disease, the data updated at 8 am stated.

It’s face-off between the Roys of Peerless General Finance & Investment Company and Parasmal Lodha after the Kolkata Bench of the National Company Law Tribunal (NCLT) termed allotment of shares to Roys in 1988 as 'void'.

Peerless Managing Director Jayanta Roy said that the order was nothing but a stage of litigation. “It is subject to challenge which we shall certainly do. We are confident that a final verdict from the higher forum will be in our favour.”

Reliance Industries Ltd. has warned that a global recession can hurt oil refining margins, flagging the possibility of more pain ahead after the owner of world’s largest refining complex posted a lower-than-expected profit.

“Recession fears are overtaking oil market fundamentals, resulting in lower prices and margins,” Reliance’s Joint Chief Financial Officer V. Srikanth said in a post-earnings call Friday.

Three listed Future group firms will file their claims before the Interim Resolution Professional (IRP) of Future Retail (FRL), against which insolvency proceedings have been initiated by NCLT earlier this week.

The three companies — Future Consumer, Future Enterprises and Future Supply Chain Solutions — in their respective regulatory filings informed that they have significant amount of receivables from FRL against the transactions undertaken in the course of the business.

Tata Motors on Friday said it has bagged an order for 1,500 electric buses from Delhi Transport Corporation (DTC) as part of a tender by Convergence Energy Services Ltd.

The auto major will supply, operate and maintain air-conditioned, low-floor, 12-metre fully-built electric buses for 12 years, as per the contract, it said in a statement.

The country’s largest steel producer JSW Steel reported a consolidated net profit after tax of Rs 839 crore in the first quarter of the fiscal year(Q1), falling 85.7 per cent from Rs 5,900 crore a year ago. The company saw its profit decline on the back of surge in raw material cost and lower sales due to export duty. JSW Steel reported a net profit of Rs 3,343 crore in the last quarter of the previous fiscal (Q4FY22).

The company’s cost of materials jumped from Rs 10,831 crore to Rs 25,597 crore in the quarter as higher cost of coking coal came into effect.

The closure of a few coal-fired power plants within 300 km radius of Delhi last year helped reduce pollution levels, the government has said.

In November last year, India had temporarily shut down six of the 11 thermal power plants (TPPs) within 300 km radius of Delhi in view of hazardous air quality in Delhi-NCR. The directions were extended till December 15 as the air quality remained in the adverse range.

Higher education platform upGrad on Friday announced it has acquired online learning institution Harappa Education for Rs 300 crore (about $38 million).

upGrad closed the transaction with present Harappa shareholders - Bodhi Tree Systems (a newly-formed platform between James Murdoch and Uday Shankar) and Co-Founders Pramath Raj Sinha and Shreyasi Singh.

New airline Akasa Air on Friday said it will launch commercial flight operations on August 7 by operating its first service on Mumbai-Ahmedabad route using Boeing 737 Max aircraft.

In a statement, the carrier said it has opened ticket sales on 28 weekly flights it will be operating on Mumbai-Ahmedabad route from August 7, as well as on 28 weekly flights it will operating on Bengaluru-Kochi route from August 13.

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