Four people sleeping on a road divider were killed and two others injured in the early hours of Wednesday after they were run over by a speeding truck in northeast Delhi's Seemapuri area, police said.

Two of the victims died on the spot, they said.

Shares of Central Bank of India (CBI) soared 15 per cent to Rs 23.50 on the BSE in Wednesday's intra-day trade, amid heavy volumes, after the Reserve Bank of India (RBI) removed the public sector lender from its Prompt Corrective Action (PCA) framework on complying with parameters like net non-performing assets (NNPAs) and capital ratios.

At 09:41 AM, the stock of Central Bank of India traded 9 per cent higher at Rs 22.15, as compared to 0.05 per cent decline in the S&P BSE Sensex.

Adani Group is reportedly planning to bid for the state-owned Rashtriya Ispat Nigam which is expected to go under the hammer in January 2023. With this, the group would foray into a new business after making entering the cement sector with the Adani-Holcim deal, according to BusinessLine (BL).

The report quoted sources as saying that the group is expected to take a more aggressive stance than legacy players in the steel sector like JSW Steel, and Tata Steel.

Indian Renewable Energy Development Agency, or IREDA, plans to raise at least Rs 400 crore ($50 million) through the sale of bonds maturing in October 2025 and 2032, three merchant bankers said on Wednesday.

The state-run company has invited coupon and commitment bids from bankers and investors on Friday, they said.

Hero MotoCorp on Tuesday said it has joined hands with Hindustan Petroleum Corporation Ltd to set up charging infrastructure for electric two-wheelers in the country.

As a part of the initiative, the two companies will first establish charging infrastructure at Hindustan Petroleum Corporation's (HPCL) existing network of stations, with the likelihood of subsequently broadening the collaboration for supplementary business opportunities.

Aam Aadmi Party's national convener and Delhi Chief Minister Arvind Kejriwal will be on a day-long visit to Gujarat on Tuesday and will address a town hall meeting in Vadodara.

The Assembly elections in BJP-ruled Gujarat are due later this year and the AAP leader has visited the state multiple times in the recent past to interact with people.

The Nationalist Congress Party (NCP) on Monday attacked the Centre and the Maharashtra government over the suicide of a farmer in Pune, with party chief Sharad Pawar saying those in power in the state should decide their priorities, an apparent swipe at Chief Minister Eknath Shinde and Deputy CM Devendra Fadnavis.

Addressing reporters, NCP spokesperson Mahesh Tapase claimed the farmer had blamed the Modi government for agrarian distress.

Out of total donations worth Rs 23,700 crore given by Indians between October 2020 and September 2021, the maximum went to religious organisations. A recent study showed that 64 per cent of all the donations went to religious organisations and the highest number of donations were made by lower-income and middle-class households.

The study, "How India Gives 2020-21", was released by the Centre for Social Impact and Philanthropy (CSIP) to find out the pattern of donating money in India.

After Amazon.com Inc., it’s the turn of Apollo Global Management Inc. to wade into the jungle that’s corporate governance in India. It has sued a Mumbai-based warehousing firm in which it owns a large stake. The cause of the dispute vanished on Monday when the company dropped a controversial plan to sell its business. But the US shareholder, whose rejection of the deal was given short shrift by the board, must still worry about its rights. After all, when the world’s largest retailer couldn’t enforce contracts in the country, why should a buyout firm fare any better?

Amazon and Apollo had made separate investments in private ventures of Kishore Biyani, a pioneer of modern-format stores in a country still dominated by neighborhood mom-and-pop shops.

The Numaligarh Refinery Ltd (NRL) has planned to invest Rs 35,000 crore for completion of its five major ongoing projects, including the India-Bangladesh Friendship Pipeline (IBFPL), in the next five years, a top company official said on Monday.

The company is determined to execute the major ongoing initiatives, namely, Numaligarh Refinery expansion.

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