The Aam Aadmi Party took a big lead in Punjab and was ahead in 79 seats out of 117 with several heavyweights, including Chief Minister Charanjit Singh Channi, trailing behind its nominees in many seats, according to early trends.

Channi was trailing in both Chamakur Sahib and Bhadaur seats.

As the counting of the votes began on Thursday morning, the Bharatiya Janata Party was seen leading in the early trends in the states of Uttar Pradesh, Uttarakhand and Manipur while the Aam Aadmi Party made an early headway in Punjab.

As per the early trends in Uttar Pradesh, the saffron party was leading on 155 seats while Samajwadi Party was ahead on 97. The Bahujan Samaj Party didn't seem to woo the voters, as it was leading on only 6 seats. The Congress party continued to show its dismal performance and was leading on only 4 seats.

The Andhra Pradesh government has once again bagged the top rank in the Skoch State of Governance rankings.

The second rank was bagged by West Bengal and Odisha was ranked 3, Gujarat was ranked 4 and Maharashtra was ranked 5. Neighbouring Telangana was ranked 6.

Oil prices rose on Thursday following a sharp drop in the previous session as the market contemplated whether major producers would boost supply to help plug the gap in output from Russia due to sanctions for its invasion of Ukraine.

Brent crude futures were up $3.10, or 2.8%, at $114.24 a barrel at 0419 GMT after trading in a more than $5 range. The benchmark contract slumped 13% in the previous session in its biggest one-day drop in nearly two years.

A CBI court, in Delhi, on Wednesday sent Anand Subramanian, former Group Operating Officer and advisor to former MD of National Stock Exchange (NSE) to 14-day judicial custody, in the NSE co-location case.

The court, on Monday, had sent former managing director and chief executive officer of National Stock Exchange Chitra Ramkrishna to 7-day CBI custody in the NSE co-location scam case, saying her custodial interrogation was required for fair and proper investigations.

Indian pharmaceutical major Dr. Reddy's Laboratories Ltd said on Wednesday it was focused on employee safety and business continuity in and around Russia, despite many Western companies pulling out from Russia in recent days.

No Indian company has publicly withdrawn from Russia and New Delhi has declined to condemn Moscow's invasion of Ukraine, despite pressure from the United States to do so. Western companies such as McDonald's, PepsiCo, Coca-Cola and Starbucks have stopped sales of their best-known products in Russia.

The global energy crunch spurred by Russia’s invasion of Ukraine is giving the world’s biggest refining complex a much-needed boost.

Reliance Industries Ltd.’s Jamnagar facility is lifting crude processing and deferring planned maintenance to take advantage of surging demand for diesel, according to people with direct knowledge of the matter.

IPO-bound fintech firm Mobikwik became profitable in the December 2021 quarter and expects to close the current financial year with almost two times growth in revenue, a top company official has said.

Mobikwik co-founder and Chief Operating Officer Upasana Taku told PTI that the company recorded profit of around Rs 7 crore in the third quarter of 2021-22, after losing money in the first and second quarters.

IndusInd Bank has informed the stock exchanges that it will set aside Rs 13.5 crore as additional provision this financial quarter (Q4FY22), responding to an external review of on allegations by anonymous people about the lender’s subsidiary.

The private bank's board noted the potential impact of Deloitte’s review which talked of lapses in product execution and client consent recording at Bharat Financial Inclusion Limited (BFIL). It constituted a committee to assess staff accountability, if any.

The Tata group is likely to announce a new chief executive officer for Air India in the next few days after its first pick, Turkey’s Ilker Ayci, refused the job due to controversy over his relationship with that country’s president.

The name of the new CEO is being finalised. Since it is an important appointment and as a part of good corporate governance the appointment would be discussed with the board of Tata Sons. There is no decision yet but it will happen in a few days, said a person familiar with the matter.

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