Shares of Amber Enterprises tanked 18 per cent to Rs 2,780 on the BSE in Monday’s intra-day trade in an otherwise firm market after the company reported a weak operational performance. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) margins were down 240 bps to 6.5 per cent, due to delay in passing of higher raw material prices along with sharp increase in employee cost.

Amber Enterprises is a market leader in domestic room air conditioner (RAC) industry and air conditioning industry for mobility applications such as railways, metros, buses etc.

Shares of Ambuja Cement and ACC rallied up to 6 per cent on the BSE in Monday’s intra-day trade after the Adani Group announced the acquisition of Swiss cement major Holcim's stake in all its Indian operating entities for $10.5 billion (around Rs 81,361 crore), including the open offers.

The Adani family, through an offshore special-purpose vehicle, said that it has entered into definitive agreements for the acquisition of Holcim Ltd’s entire stake in two of India’s leading cement companies -- Ambuja Cements and ACC.

A natural history museum is coming up in Uttar Pradesh on the Lucknow Zoo campus and is expected to be ready by March 2023.

The museum will offer information on birds and animals that existed millions of years ago and species that are extinct or endangered.

The museum will be the first-of-its-kind in Uttar Pradesh and will have nearly 6,000 specimens of animals and birds collected by experts over the past 200 years from different places across the world.

Prime Minister Narendra Modi will lay the foundation stone for the construction of a unique centre for Buddhist Culture and Heritage within the Lumbini Monastic Zone during his official visit to Nepal's Lumbini on Monday on the occasion of Vaishakha Buddha Purnima, informed the Ministry of Culture.

At Lumbini, the Prime Minister will visit the sacred Mayadevi temple to offer prayers. Prime Minister will also deliver an address at a Buddha Jayanti event organized by the Lumbini Development Trust under the aegis of the Government of Nepal, said the ministry in its press release.

Issuing a weird statement, former Prime Minister Imran Khan said that "dropping an atomic bomb would have been better than handing over the helm to the thieves".

Khan made these remarks while interacting with reporters on Friday at his Banigala residence, according to The News international.

The global coronavirus caseload has topped 520.5 million, while the deaths have surged to more than 6.26 million and vaccinations to over 11.40 billion, according to the Johns Hopkins University.

In its latest update on Saturday morning, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and the death toll stood at 520,575,578 and 6,262,140, respectively, while the total number of vaccine doses administered increased to 11,400,335,103.

Delhi Chief Minister Arvind Kejriwal on Saturday announced a compensation of Rs 10 lakh each to the kin of the deceased and Rs 50,000 for those injured in the Mundka building fire incident that claimed 27 lives.

Kejriwal and Deputy Chief Minister Manish Sisodia visited the site of the blaze to take stock of the situation.

State-owned power giant NTPC on Saturday announced the beginning of commercial operation of the first part capacity of 20 MW out of 56 MW Kawas Solar PV Project in Gujarat.

"Consequent upon successful commissioning, the first part capacity of 20 MW out of 56 MW Kawas Solar PV Project at Kawas, Gujarat, is declared on Commercial Operation from 00:00 Hrs of May 14, 2022," a BSE filing said.

A Delhi court has granted bail to Dheeraj Rajesh Wadhawan and Kapil Rajesh Wadhawan, ex-promoters of Dewan Housing Finance Corporation Ltd (DHFL) in the alleged multi crore scam case.

The Additional Sessions Judge Reetesh Singh while granting bail on Friday (May 13) said, "in the present case as well, the applicant/accused persons- Kapil Rajesh Wadhawan and Dheeraj Rajesh Wadhawan were not arrested during the investigation.

US President Joe Biden, in a call with leaders of Sweden and Finland discussed close defense cooperation between countries and underscored his support for NATO's open-door policy.

This comes as Finland and Sweden have started discussing the possibility of abandoning long-term neutrality and joining NATO amid the Russian military operation in Ukraine.

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