The CBI has registered a fresh case against former Bihar chief minister Lalu Prasad Yadav and his family members on the charge of taking land from aspirants in return for jobs in the railways when he was the Union Minister in the UPA government, officials said on Friday.

The CBI had registered a preliminary enquiry into allegations which was converted into the FIR, they said.

The Delhi High Court today will hear a Public Interest Litigation (PIL) filed by a Kolkata-based NGO challenging the doctors' strike and seeking a direction for disciplinary against doctors who were involved in the strike in November 2021.

According to the PIL, 'Doctor's Strike' disrupts regular hospital services bringing endless pain, suffering and death to the defenceless patients.

The PIL will be heard today before the division bench of Acting Chief Justice Vipin Sanghi.

Shares of Hindustan Aeronautics hit a new high of Rs 1,785.35, after rallying 6 per cent on the BSE in Friday’s intra-day trade. In the past one week, the stock has gained 18 per cent after the company reported 90 per cent year on year (YoY) jump in consolidated net profit at Rs 3,105 crore for March quarter (Q4FY22). Meanwhile, the state-owned defence company made a profit of Rs 1,628 crore in Q4FY21.

Moreover, the company’s revenue from operations grew 6 per cent YoY to Rs 11,561 crore from Rs 10,867 crore in Q4FY21.

Shares of Chennai Petroleum Corporation Limited (CPCL) hit an over four-year high of Rs 343.60, and were frozen at the 5 per cent upper circuit on the BSE in Friday’s intra-day trade. The stock has zoomed over 150 per cent in the past one-and-half month on the back of strong earnings. It trades at its highest level since April 2018, the previous record high was Rs 490 in November 2007.

Since April 1, in seven weeks, the stock of state-owned refineries & marketing company has surged 164 per cent, as compared to a 8 per cent decline in the S&P BSE Sensex.

The rupee hit a new all-time low against the dollar for the fourth straight trading session as the currency ended at 77.73/$, amid continued risk aversion among investors over the prospects of the US Fed tightening interest rate policy. Intervention from the Reserve Bank of India (RBI) helped the currency to cap its losses.

The rupee opened weaker at 77.70/$ as compared to Wednesday’s close of 77.58/$ and traded in a narrow range amid intervention from the central bank.

At Meta's (previously Facebook) inaugural business messaging conference, Conversations, founder and CEO, Mark Zuckerberg announced updates to WhatsApp Business Messaging offerings. The updates to the messaging app's business account offering are going to make it easier for businesses of any size to get started on WhatsApp. This will be made possible by offering free, secure cloud hosting services provided by Meta.

This will allow businesses and developers to get up and running on WhatsApp in a matter of minutes.

Multiple SpiceJet aircraft were stopped from operating by Air Traffic Control at the Delhi airport on Friday morning as the airline didn't make the requisite daily payment to Airport Authority of India.

Sources said that Air Traffic Control, which is an arm of AAI, was instructed not to give clearance to the airline's aircraft to take-off as the payment was not made. AAI has put SpiceJet on "cash and carry" mode since 2020, due to the airline's inability to clear airport dues.

Shares of Manappuram Finance plunged 12 per cent to hit two-year low of Rs 91.95 on the BSE in Thursday’s intra-day trade after the company reported 44 per cent year on year (YoY) decline in its consolidated net profit at Rs 261 crore for the March quarter (Q4FY22), due to higher operating expenses.

The non banking financial company (NBFC), engaged in gold loan business, had posted profit of Rs 468 crore in the year-ago quarter (Q4FY21). Its net interest income (NII), meanwhile, fell 10.2 per cent YoY to Rs 986 crore from Rs 1,098 crore and consolidated asset under management (AUM) declined sequentially to Rs 30,300 crore from Rs 30,400 crore in Q3FY22.

Shares of HDFC Bank hit a fresh 52-week low of Rs 1,282.35, down 2 per cent on the BSE in Thursday's intra-day trade. The stock has fallen 26 per cent since the announcement of its merger with housing finance company, HDFC Ltd. The stock had hit a high of Rs 1,721.85 on April 4, 2022 in the intra-day trade. Moreover, it had touched a 52-week high of Rs 1,724.30 on October 18, 2021.

On April 4, HDFC and HDFC Bank announced that their boards have approved an all-stock amalgamation of the former into the latter to create a banking behemoth, subject to regulatory approvals.

E-commerce firm Flipkart has witnessed a strong adoption of the 'Flipkart Pay Later' credit facility, which has doubled its user base to over 6 million in just seven months. 'Flipkart Pay Later' offers an affordability shopping experience to customers and is witnessing an upward trend in monthly sign-ups.

"According to research, the Buy Now Pay Later (BNPL) market will grow 10x over the next five years, surpassing $40 billion by 2026.

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