India's palm oil imports in 2022/23 could jump 9% from a year earlier on a rise in domestic consumption and as competitive prices allow the tropical oil to regain its share in the world's biggest market, a Reuters survey showed on Wednesday.

The higher buying could help top producer Indonesia in bringing down ballooning inventories and support benchmark Malaysian palm oil prices, which have nearly halved from record highs earlier this year.

Shares of Infosys hit a 52-week low at Rs 1,360.15, down 1 per cent on the National Stock Exchange (NSE) in Thursday’s intra-day trade. The stock has dropped 14 per cent so far in the last one month amid growth concerns. In comparison, the S&P BSE Sensex was down less than one per cent during the same period.

The stock of information technology (IT) major fgell below its previous 52-week low of Rs 1,367.20 touched on June 17, 2022.

Surging share prices of Gautam Adani’s companies have helped make him the world’s second-richest person. The bond market isn’t quite as enthusiastic.

Stocks of firms in his Indian business empire--spanning ports to gas distribution and coal mining--have jumped in part on soaring energy prices. Adani Ports & Special Economic Zone Ltd. has climbed 29% in 2022 and hit a record this week, while shares in some of his other companies have surged more than 1,000% in the past two years.

RJD president Lalu Prasad on Wednesday said that he along with Bihar Chief Minister Nitish Kumar would soon meet Congress' interim president Sonia Gandhi in Delhi in an effort to unite all major non-BJP parties ahead of the 2024 Lok Sabha polls.

He claimed that the BJP wants to disturb communal harmony in society to hide the real issues that are plaguing the people.

In a meeting of the Congress Legislature Party, Rajasthan Chief MInister Ashok Gehlot has indicated that he will file his nomination for the post of national president of the party.

Addressing the meeting, Rajasthan CM said, "I will try to convince Rahul Gandhi for the last time, if he does not agree, then I will trouble you and follow the order of the high command."

Reiterating that the amount being spent on education is an investment for a better future, Andhra Pradesh Chief Minister YS Jagan Mohan Reddy said that education works in shaping the generation next into a confident and competent youth to start their careers.

Concluding the short discussion on Vidya Vaidyam Nadu Nedu in the State Assembly here on Tuesday, the Chief Minister said the State Government has been striving not just for the right to education but for the right to English medium and right to higher education.

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.

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