India reported 9,119 fresh Covid cases in the last 24 hours, as per Ministry of Health and Family Welfare on Thursday.

Also, as many as 396 fatalities were registered pushing the toll to 4,66,980, it said.

The recovery of 10,264 patients during the same period has increased the cumulative tally to 3,39,67,962. Consequently, the recovery rate stands at 98.33 per cent, highest since March 2020.

Shares of Reliance Industries (RIL) were up 3.4 per cent at Rs 2,431.80 on the BSE in Thursday’s intra-day trade after the company’s board decided to implement a scheme of arrangement to transfer gasification undertaking into a wholly-owned subsidiary (WOS). RIL made the announcements on Wednesday after market hours.

The board has approved a scheme as a going concern on slump sale basis for a lump sum consideration equal to the carrying value as on the appointed date i.e. March 31, 2022.

Shares of IndusInd Bank continued trading lower for the fifth straight day, hitting a six-month low of Rs 956.10, down nearly 2 per cent on the BSE in Thursday’s intra-day trade. In the past three weeks, the stock of private sector lender has fallen 20 per cent despite the bank management strongly refuting allegations around the evergreening of loans, citing media reports as "inaccurate and baseless".

The stock was trading at its lowest level since May 17, 2021. It had hit a 52-week high of Rs 1,241.85 on October 28, 2021.

Shares of Siemens dipped 8 per cent to Rs 2,099 on the BSE in Thursday’s intra-day trade on profit booking after the company reported 250 basis points (bps) decline in earnings before interest, taxes, depreciation, and amortization (ebitda) margin of 10.4 per cent in September quarter (Q4FY21) as against 12.9 per cent in Q4FY20 impacted by higher other expenses, gross margins.

The company has recommended a dividend of Rs 8 per equity share of Rs 2 each (400 per cent) for the Financial Year ended September 30, 2021.

The Indian rupee depreciated by 15 paise to 74.55 against the US dollar in opening trade on Thursday, as a muted trend in domestic equities and a firm American currency weighed on investor sentiment.

At the interbank foreign exchange, the rupee opened on a weak note at 74.55, registering a decline of 15 paise from the last close.

Delhi’s air was polluted Thursday morning a day after the Supreme Court asked the central and state governments to continue with measures to reduce the smog that has lasted for weeks now.

The national capital's Air Quality Index (AQI) was 339 --'very poor'-- at 8 am, according to the state-run System of Air Quality and Weather Forecasting And Research (SAFAR). Readings below 50 are considered safe, while anything above 300 is considered hazardous or 'severe'.

Chhattisgarh Chief Minister Bhupesh Baghel on Wednesday wrote a letter to Prime Minister Narendra Modi demanding that the Centre give a compensation of Rs 4 lakh each to the families of people who have died due to the coronavirus infection, officials here said.

Earlier in the day, Congress leader Rahul Gandhi made a similar demand for compensation and said the central government should provide credible data on COVID-19 deaths.

Reliance Industries Ltd's Board on Wednesday decided to implement a 'Scheme of Arrangement' to transfer the 'Gasification' undertaking into a wholly-owned subsidiary (WOS).

RIL targets to have a portfolio which is fully re-cyclable, sustainable and net carbon zero. This will be achieved by transitioning to high value materials and chemicals with renewables as the source of meeting its energy requirements, the company said in a statement.

Amazon.com Inc has asked India's Supreme Court to pause an expedited review of allegations that the U.S. firm concealed information while seeking antitrust clearance for a 2019 deal with India's Future Group, legal papers seen by Reuters showed.

The Competition Commission of India (CCI) in June accused Amazon of concealing facts and making false submissions when it sought approval for the $200 million investment into a Future unit in 2019, a deal that is now at the heart of protracted legal disputes between the two sides.

Larsen & Toubro (L&T) on Wednesday said it has entered into a pact with the Tamil Nadu government to establish a data centre in the state.

L&T will establish 90 MW capacity data centres and associated units in a phased manner in Kanchipuram over the next five years. The company envisages to employ around 1,100 people -- 600 direct and 500 indirect -- in the project.

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