The Supreme Court on Thursday dismissed review petitions filed by Cyrus Investments and Sterling Investments against the apex court's final order and judgment of March last year which had allowed Tata Sons to remove Cyrus Mistry as group chairman.

The genesis of the dispute can be traced to the removal of Mistry as executive chairman of Tata Sons in 2016. Thereafter, the investment companies of Mistry, Cyrus Investments Pvt and Sterling Investments Pvt, which own 18.4 per cent stake in Tata Sons filed a petition before the National Company Law Tribunal (NCLT), Mumbai Bench, alleging oppression and mismanagement of Tata Sons by Tata Trusts and Ratan N Tata.

Private sector rocket maker Skyroot Aerospace Private Ltd successfully tested its Vikram-1 rocket's third stage/engine.

The company on Thursday announced the completion of the milestone of full duration test-firing of its Vikram-1 rocket stage.

Shares of Lupin hit two-year low of Rs 622 after they fell 9 per cent on the BSE in Thursday's intra-day on the back of a disappointing set of numbers for March quarter (Q4FY22). The pharmaceutical company reported a consolidated loss of Rs 512 crore, on higher manufacturing cost as against a consolidated profit of Rs 464 crore in the year-ago quarter (Q4FY21) and Rs 549 crore in the previous quarter (Q3FY22).

In a move that will greatly boost Karnataka's Health and Medical Education sector, Union Minister for Health and Family Welfare Dr Mansukh Mandaviya gave a green signal for establishing an All India Institute Of Medical Science (AIIMS) in Karnataka.

The assurance was given during a meeting between Karnataka Health Minister Dr K Sudhakar and Union Minister Dr Mansukh Mandaviya in New Delhi on Wednesday.

The number of confirmed Covid-19 cases in Africa reached 11,570,885, the Africa Centers for Disease Control and Prevention (Africa CDC) said.

Over 11.57 crore Covid cases were confirmed as of Wednesday evening, Xinhua news agency reported.

The specialised healthcare agency of the African Union said the death toll across the continent stands at 252,771 and nearly 10,892,454 patients have recovered from the disease so far.

The Pakistani rupee touched a critical threshold of 200 in the open market against the US dollar during intraday trading after shedding Rs 2 on Wednesday, Geo News reported.

Meanwhile, in the interbank market, the local currency continues to be on slippery ground, and with a fresh decline of Rs 2.1, it plunged to yet another historic low of Rs 199 against the greenback during intraday trading, despite suspected intervention by the Central bank.

Telecom gear makers, who are in talks with telcos, say that if all goes well, they are ready to roll out the first phase of 5G services from October this year and cover the country’s top 30-50 cities (in limited areas) by March 2023.

The gear makers expect the telecom companies to give them a heads-up about their plans as well as the equipment required by July, and have promised deployment in three to four months after that. India’s main telecom gear suppliers are Nokia, Ericsson and Samsung.

Ruchi Soya Industries has announced the acquisition of the entire food business of Patanjali Ayurved for Rs 690 crore in order to accelerate its transition to a leading FMCG company.

The acquired food business consists of 21 products, including ghee, honey, spices, juices and atta, among other things.

Shares of Bharti Airtel were down 3 per cent to Rs 689.05 on the BSE in Wednesday’s intra-day trade. The stock erased opening gains despite the company reported nearly three-fold increase in net profit to Rs 2,008 crore in the March quarter results (Q4FY220, led by gains from tariff hike and exceptional income. In the same quarter last year, India's second biggest telecom operator had posted net profit of Rs 759 crore.

The stock of Bharti Airtel slipped 5 per cent from its intra-day high of Rs 727.55.

In a big relief to Indrani Mukerjea in the murder case of her daughter Sheena Bora, the Supreme Court granted her bail saying that Indrani has been under custody for six-and-a-half years and that the trial is unlikely to be completed anytime soon.

The bench comprising Justices L Nageswara Rao and BR Gavai noted that the case is based on circumstantial evidence and that even if 50 per cent of the witnesses are given up by the prosecution, the trial is not likely to be over soon.

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