Housing Development Corporation Limited (HDFC) and HDFC Bank rallied up to 10 per cent on the BSE in Monday’s intra-day trade after their respective boards approved the merger of HDFC into HDFC Bank.

As part of the deal, shareholders of HDFC Ltd will receive 42 shares of the bank for 25 shares held. Existing shareholders of HDFC Ltd will own 41 per cent of HDFC Bank. Shares held by the housing finance company in the lender will be extinguished, making HDFC Bank a full-fledged public company, reports suggest.

The global coronavirus caseload has topped 491.3 million, while the deaths have surged to more than 6.15 million and vaccinations to over 10.98 billion, according to the Johns Hopkins University.

In its latest update on Monday morning, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and the death toll stood at 491,395,201 and 6,152,813, respectively, while the total number of vaccine doses administered has increased to 10,981,351,918.

As many as 12 Indian fishermen from Tamil Nadu have been arrested by the Sri Lankan navy for allegedly fishing in its waters, a Fisheries official here said on Sunday.

One boat was also impounded.

They fishers were engaged in fishing near Katchatheevu late on Saturday when they were apprehended by the Lankan navy, the official said.

Zydus Lifesciences on Friday announced that the safety and efficacy analysis data from phase III clinical trial of its Plasmid DNA Covid-19 vaccine ZyCoV-D has been peer reviewed and published in The Lancet, a reputed and well known medical journal.

The double blind, placebo controlled, randomised Phase III clinical trial of the world’s first plasmid DNA vaccine, ZyCoV-D was one of the largest trials for a Covid-19 vaccine in India and was conducted on over 28,000 healthy adult volunteers at over 50 sites across the country.

The price of 10 gram of 24-carat gold remained unchanged on Friday at Rs 51,980, while silver became cheaper by Rs 5,300 per kg to Rs 66,800.

Ten gram of 22-carat gold is trading at Rs 47,650.

The price of 10 gram of 24-carat gold in Delhi and Mumbai stood at Rs 51,980.

With 1,335 new coronavirus infections being reported in a day, India's total tally of COVID-19 cases rose to 4,30,25,775, while the active cases dipped to 13,672, according to the Union Health Ministry data updated on Friday.

The death toll climbed to 5,21,181 with 52 fresh fatalities, the data updated at 8 am stated.

For the first time the BJP tally in the Rajya Sabha has crossed the 100-mark. The BJP also became the first party to achieve the feat after 1988.

After the recent round of election for the Upper House of Parliament held on Thursday, the saffron party tally now stands at 101.

Shares of Hero MotoCorp skidded 6 per cent to Rs 2,151.60 on the BSE in Friday's intra-day trade on reports that income tax (I-T) department has found Rs 800 crore siphoned off via shell firms. The stock of the two-wheeler major was trading close to its 52-week low of Rs 2,148 touched on March 8, 2022.

"An expenditure of more than Rs 800 crore on the books of Hero MotoCorp was not for purposes of business but made for a service from an event management company, which allegedly siphoned off the amount, according to an income-tax department probe.

Shares of Adani Wilmar (AWL) hit a new lifetime high of Rs 543.35 as they were locked at 5 per cent upper circuit for a second straight day on the BSE on Friday. Till 10:08 am, a combined 13.32 million equity shares had changed hands and there are pending buy orders for around 7 lakh shares on the NSE and BSE.

In the past one week, the stock of Adani Group edibles oil company has surged 30 per cent as compared to 2.3 per cent rise in the S&P BSE Sensex.

Standard and Poor’s (S&P) on Friday said Axis Bank’s acquisition of Citigroup Inc's consumer banking portfolio in India will bring in significant profitability improvements only from FY2025 onwards.

It will take time to complete the acquisition and integrate the assets. The acquisition is likely to be completed over the next 9 to 12 months, while full integration will take another 18 months, S&P said in a statement.

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