The income tax department has stepped up its operation against real estate players, conducting searches at 24 premises in multiple cities belonging to Mumbai-based Hiranandani Group.

Last week, several premises linked to Omaxe were searched by the department for allegedly indulging in “unaccounted” cash transactions with customers of around Rs 3,000 crore. Delhi-based Omaxe is a listed real estate developer.

Power distribution utilities outstanding dues stood at Rs one lakh crore at the end of February this year, Parliament was informed on Tuesday.

As per data provided by the power sector Generating companies, on the PRAAPTI Portal, at the end of February 2022, a total amount of Rs 1,00,931 crores is due from the DISCOMs, Power Minister RK Singh said in a written reply to the Rajya Sabha.

Shares of New Delhi Television (NDTV) were locked in the upper circuit band for a second straight day, up 5 per cent at Rs 238.15, also its multi-year high, on the BSE on Tuesday in an otherwise weak market.

The stock exchanges have revised circuit filter limit for NDTV's stock from 10 per cent to 5 per cent with effect from today. In the past four trading days, the stock of the broadcasting & cable TV operator has zoomed 47 per cent. It was at its highest level since October 2008.

Samajwadi Party president Akhilesh Yadav on Tuesday slammed the ruling BJP over the hike in domestic cooking gas price, terming it another gift of inflation for the people after the elections in five states.

Petrol and diesel prices were hiked by 80 paise a litre while domestic cooking gas prices were increased by Rs 50 per cylinder, ending an over four-and-a-half month election-related hiatus in rate revision.

India reported a single-day rise of 1,581 fresh COVID-19 cases, taking the infection tally to 4,30,10,971, while the active cases further declined to 23,913, the Union health ministry said on Tuesday.

The death toll has climbed to 5,16,543, with 33 daily fatalities, the ministry data updated at 8 am stated.

New Delhi has been ranked the world's most polluted capital city for s second consecutive year followed by Dhaka (Bangladesh), N'Djamena (Chad), Dushanbe (Tajikistan) and Muscat (Oman).

Of the 15 most polluted cities in Central and South Asia in 2021, 12 were in India. New Delhi saw a 14.6 per cent increase in PM2.5 concentration in 2021, 96.4 Ig/m3, up from 84 Ig/m3 in 2020.

Gold prices remained stable on Monday after posting its biggest weekly drop since June as investors weighed monetary policy tightening in the US against the impact of Russia’s war in Ukraine.

The metal fell 3.4 per cent last week as the Federal Reserve raised interest rates for the first time since 2018. Several officials urged a faster pace of policy tightening to curb the hottest inflation in 40 years.

Indian shares fell on Tuesday, dragged by heavyweight banking and consumer stocks, with a continued rise in crude oil futures denting sentiment further.

By 0410 GMT, the blue-chip NSE Nifty 50 index was down 0.34% at 17,061.15, while the benchmark S&P BSE Sensex slipped 0.38% to 57,076.89.

Shares of Ratnamani Metals & Tubes hit a record high of Rs 2,449, on rallying 7 per cent on the BSE in Tuesday’s intra-day trade after the company won an on order worth Rs 591 crore. The stock surpassed its previous high of Rs 2,329.15 touched on March 2, 2022. In comparison, at 10:27 am, the S&P BSE Sensex was down 0.51 per cent to 56,999 points.

The company has received a new domestic line pipe order for Rs 591 crore from the oil & gas sector, to be executed between August 2022 and March 2023, Ratnamani Metals said in an exchange filing.

Shares of Reliance Industries (RIL) hit an over two-month high of Rs 2,513.50 after the shares gained 2 per cent on the BSE in Tuesday’s intra-day trade. The stock was among the top gainers on the S&P BSE Sensex, which down 0.33 per cent at 57,104 points at 10:02 AM.

The stock of RIL, which hit its highest level since January 19, 2022 today, had hit a record high of Rs 2,750 on October 19, 2021. In the past two weeks, RIL has outperformed the market by surging 12 per cent as compared to a 7-per cent rise in the benchmark index.

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