A day after Union Home Minister Amit Shah held a meeting of the concerned department on power situation, the Congress on Wednesday attacked the Centre and alleged that only eight days of coal was left in the country.

"8 years of big talk has resulted in India having ONLY 8 DAYS of coal stocks.

Chinese state-sponsored hackers had targeted India's power grids in Ladakh possibly for information on India's critical infrastructure or to prepare for sabotage in the future, according to the American cybersecurity firm Recorded Future.

This report, released earlier this month, details a campaign conducted by a likely Chinese state-sponsored threat activity group targeting the Indian power sector.

Streaming giant Netflix saw its stock tumbling by 20 per cent after it reported a loss of 2 lakh paid subscribers in the first quarter of 2022 -- its first subscriber loss in over a decade.

Moreover, Netflix forecasts a global paid subscriber loss of 20 lakh for the second quarter (Q2) of 2022.

Shares of Coal India (CIL) hit an over two-year high of Rs 205.55, up 4 per cent on the BSE in Wednesday’s intra-day trade, surging as much as 10 per cent in the past three trading days on expectation of strong earnings.

The stock of state-owned mining company traded at its highest level since January 2020. In past three months, the stock has rallied 25 per cent, as compared to a 5.4 per cent decline in the S&P BSE Sensex.

Market regulator the Securities and Exchange Board of India (Sebi) on Tuesday imposed a penalty of Rs 24 crore on nine entities including Malvinder Mohan Singh and Shivinder Mohan Singh for irregularities at Fortis Healthcare.

The market regulator fined the Singh brothers Rs 5 crore each while their associate company RHC Holdings was fined Rs 2.5 crore. Sebi also banned Malvinder Singh and Shivinder Singh from accessing securities market for a period of three years.

Japan's health ministry on Tuesday formally approved Novavax's COVID-19 vaccine, a fourth foreign-developed tool to combat the infections as the country sees signs of a resurgence led by a subvariant of fast-spreading omicron.

The ministry approval comes the day after its experts panel endorsed use of Novavax's protein vaccine, which is designed with similar technology used to fight diseases such as the flu and hepatitis B, for the first two shots and a booster.

With 1,247 coronavirus infections being reported in a day, India's total tally of COVID-19 cases rose to 4,30,45,527, while the active cases increased to 11,860, according to the Union Health Ministry data updated on Tuesday.

The death toll climbed to 5,21,966 with one fresh fatality being reported from Uttar Pradesh, the data updated at 8 am stated.

Shares of INEOS Styrolution India tanked 16 per cent to hit a 52-week low of Rs 907 on the BSE in Tuesday’s intra-day trade as the promoter today launched an offer for sale (OFS) to offload up to a 14.4 per cent stake in the company. The company fixed the offer price at Rs 800 per share.

At 10:51 am; the stock was down 15 per cent at Rs 918, as compared to 0.03 per cent decline in the S&P BSE Sensex. It had hit a 52-week high of Rs 1,887 on October 18, 2021.

Shares of sugar companies rallied up to 9 per cent on the BSE in Tuesday’s intra-day trade in an otherwise subdued market. The sweet rally is backed by expectation of strong operational performance, favourable mix of ethanol towards B-heavy/juice (feedstock), and higher sugar realizations.

Shares of Mawana Sugars, Dhampur Sugar Mills, Triveni Engineering & Industries, Balrampur Chini Mills, Dalmia Bharat Sugar and Industries and Dwarikesh Sugar Industries were up between 3 per cent and 9 per cent on the BSE.

The White House has announced that the United States will co-host the second global COVID-19 summit virtually on May 12 to continue the international effort in the fight against pandemic and to advance global preparedness.

"The summit will redouble our collective efforts to end the acute phase of the COVID-19 pandemic and prepare for future health threats," said the White House in its press release on Monday.

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