Shares of cement companies were under pressure as it fell up to 6 per cent on the BSE on Friday in an otherwise firm market. The fall comes after the sector major approved a new capital expenditure (capex) plan of Rs 12,886 crore to tide increased competition in the sector.

The capex is aimed to increase capacity by 22.6 million tonnes per annum (MTPA) through brownfield and greenfield projects.

The Biden administration said Thursday that children under 5 may be able to get their first COVID-19 vaccination doses as soon as June 21, if federal regulators authorise shots for the age group, as expected.

White House COVID-19 coordinator Aashish Jha outlined the administration's planning for the last remaining ineligible age group to get shots.

Mukesh Ambani's Reliance Industries and US-based Apollo Global Management are teaming to bid for Boots — the international chemist and drugstore unit of Walsgreen Boots Alliance Inc — according to a report in the Economic Times. The combined bid from Reliance and Apollo for Boots could come in as early as Friday, June 3.

With Tata Motors subsidiary taking over Ford’s passenger vehicle (PV) manufacturing unit at Sanand in Gujarat, uncertainty over the future of Ford’s Maraimalai Nagar unit in Tamil Nadu continues, with workers protesting on Thursday demanding a better severance package.

There are over 2,000 employees working at the unit. On Thursday, there was a meeting between agitating employees and the state labour department.

The National Company Law Appellate Tribunal (NCLAT) has directed the new board of Infrastructure Leasing & Financial Services (IL&FS) to pay lenders on a pro-rata basis first as opposed to the normal course of payment prescribed under Section 53 (distribution of assets) of the Insolvency and Bankruptcy Code (IBC). This will be done as part of the interim distribution.

India Meteorological Department (IMD) on Thursday predicted heavy rain in Sub-Himalayan West Bengal and the northeastern states over the next four days owing to a cyclonic circulation over southern Bangladesh and adjoining northern Bay of Bengal.

Conditions have become favourable for the advance of southwest monsoon in the region by Friday, it said.

The rising Covid cases in neighbouring states of Kerala and Maharashtra have raised concerns in the Karnataka health department.

Maharashtra recorded 1,081 Covid cases on Wednesday and the state health department has called it the highest spike after February 24.

Kerala has recorded 1,370 new Covid cases. Though 630 people have recovered, the death of six people succumbed to the infection.

A day after Congress President Sonia Gandhi and senior leader Rahul Gandhi were asked to appear before the Enforcement Directorate (ED) for questioning in a money laundering case linked to the National Herald newspaper, sources have now learned that Rahul Gandhi is currently on a foreign tour and is likely to arrive in the country on June 5.

Congress party sources, said, on the condition of anonymity, "Rahul Gandhi left the country on May 19 to participate in various public programs in London that were held from May 20 to May 23. Since then, he has not returned to India."

The World Health Organisation has expressed concern over the rising cases of monkeypox virus in many countries including Europe. Although the WHO said that at present this virus is under the radar, it has appealed to the affected countries to increase surveillance.

World Health Organisation Chief Tedros Adhanom Ghebreyesus told reporters, "The investigation is ongoing, but the sudden appearance of monkeypox in several countries at the same time suggests that there may be unscheduled transmission of the virus for some time."

Sahil Barua, chief executive officer of logistics startup Delhivery Ltd., minces no words about the process of going public in what’s shaping up to be an historic meltdown in the technology industry.

“It was nerve-wracking,” said the 37-year-old, who is also a co-founder.

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