US President Joe Biden will visit New Mexico on Saturday to talk about his administration's efforts to tackle wildfires as residents smolder with anger over how federal officials allowed planned burns to spread out of control, leading to the largest blaze in recorded state history.

The fire has been contained on several fronts, but is still burning amid dangerously hot and dry conditions. It's destroyed more than 430 homes across 1,300 square kilometres since early April, according to federal officials.

Gold opened lower on Saturday, Rs 210 down from the previous day's rate, with 10 gram of 24-carat gold trading at Rs 52,100. Meanwhile, 10 gram of 22-carat gold is trading at Rs 47,750, after a decrease of Rs 200.

The precious metal is used as a hedge against inflation, but higher interest rates increase the opportunity cost of holding the non-yielding asset.

The family of dismissed BJP leader Naveen Jindal has left Delhi following a death threat.

Jindal was dismissed from the BJP after controversy erupted over his remark against Prophet Muhammad which was in support of suspended party BJP spokesperson Nupur Sharma's statement also against the Prophet.

After Shiv Sena's Sanjay Pawar lost the Rajya Sabha polls from Maharashtra to BJP's Dhananjay Mahadik, party leader Sanjay Raut on Saturday alleged that the BJP put pressure on the Election Commission to get his party's one vote disqualified.

Talking to reporters, Raut, who himself managed to win a seat, said the BJP's victory was not as huge as it was being made out to be, and added that the Sena's second candidate secured more first preference votes.

SoftBank and Meta-backed e-commerce startup Meesho recorded 5.35 million orders during its one-day sale event, registering a five-fold jump on a year-on-year basis.

Meesho had registered 1 million orders during the Maha Indian Savings Sale it hosted on June 6, last year.

The National Company Law Appellate Tribunal (NCLAT) on Friday ordered starting of insolvency proceedings in only one of the housing projects of realty firm Supertech Ltd and not the entire company, and directed constitution of the Committee of Creditors for the said project only.

A two-member NCLAT bench limited the Corporate Insolvency Resolution Process (CIRP) to only "Eco Village II Project" located at Greater Noida (West).

Wipro CEO Thierry Delaporte has become Indian IT sector's highest paid executive as papers filed with the US Securities and Exchange Commission showed that his annual pay package in the fiscal year ending March 31, 2022, was Rs 79.8 crore ($10.51 million).

In FY21, Delaporte’s annual salary was Rs 64.3 crore ($8.7 million). His compensation figure was for nine months in that year as the 55-year-old joined the company in July 2020.

Shares of Medplus Health Services (MHSL) hit a new low of Rs 737.15, down 4 per cent on the BSE in Friday’s intra-day trade. The stock of pharmacy retail company, which has fallen below its issue price of Rs 796 per share, was trading lower for the sixth straight day, down 16 per cent during the period.

With the recent decline in the stock price of the company, MHSL was trading 7 per cent lower from its issue price. It has tanked 45 per cent from its 52-week high level of Rs 1,343 touched on January 20, 2022.

Jeff Bezos and Mukesh Ambani, two of the world’s richest men, are set for another clash. This time the fight is over media rights to the Super Bowl of cricket, one of the world’s fastest-growing sporting events that draws 600 million viewers and has a brand value of almost $6 billion.

The billionaires’ companies are expected to be the top two contenders at a June 12 Indian Premier League auction, which is likely to lure several bidders for separate, five-year telecasting and online streaming contracts in different geographies.

Akasa Air has signed a contract with Irish leasing company Griffin Global Asset Management for sale and leaseback of five Boeing 737 Max aircraft, a statement said on Thursday.

Under sale and leaseback model, the airline sells its planes to a leasing company and then leases them back. This frees up the cash that the airline has spent in buying the aircraft.

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