Shares of Oil India hit an over three-year high of Rs 240, up 3 per cent on the BSE in Wednesday’s intra-day trade, in an otherwise weak market. The stock has surged 10 per cent in the past two trading days amid bullish momentum in global natural gas prices. In comparison, the S&P BSE Sensex was down 0.65 per cent at 59,281 points at 10:02 am.

The stock of the state-owned exploration & production (E&P) company was trading at its highest level since May 2018. In the past one month, it has outperformed the market by soaring 38 per cent as compared to a 5.7 per cent rise in the S&P BSE Sensex.

Amid the ongoing crisis in the party's Punjab unit, Congress general secretary KC Venugopal on Wednesday said the party has nothing to worry about as everything will be all right.

Navjot Singh Sidhu's resignation as state party chief has intensified the crisis in the Punjab Congress, and triggered discussions and deliberations in the party. A series of resignations poured in after Sidhu's resignation.

Pfizer has submitted research to the U.S Food and Drug Administration on the effectiveness of its COVID-19 vaccine in children but the shots may not be available until November.

The company said Tuesday it provided health regulators with data from a recent study of its vaccine in children 5 to 11 years old. Officials had said previously they would file an application with the FDA to authorize use in the coming weeks.

The Enforcement Directorate on Tuesday provisionally attached assets worth Rs 300 Crore under the Prevention of Money Laundering Act (PMLA), 2002 in its ongoing investigation against Icore Group of companies in a chit fund scam case.

As per a press release by the ED, the properties attached by the Directorate belong to 11 Icore group companies, its directors - Late Anukul Maiti, Kanika Maiti, and their family members.

Aditya Birla Sun Life Asset Management Company (AMC) on Tuesday allotted shares worth Rs 789 crores to anchor investors. The AMC allotted nearly half of the anchor investor portion to eight domestic mutual funds. The domestic funds which were allotted shares include ICICI Prudential, HDFC Mutual Fund, SBI, Axis, Invesco India, UTI, Kotak and Edelweiss. The other prominent anchor investors include Abu Dhabi Investment Authority, HSBC, Morgan Stanley Asia, amongst others.

It appears the Hyderabad-based Bharat Biotech's indigenously manufactured Covaxin will take a little more time to get an emergency use authorisation (EUA) from the United Nations' international public health body.

The World Health Organisation (WHO) has further delayed the emergency use authorisation (EUA) for Covaxin on the pretext of more technical queries which the global body has sent to its manufacturer Bharat Biotech.

Stressing that the Covid virus may continue to transmit for a very long time, senior WHO official Poonam Khetrapal Singh says the level of immunity in a community, through vaccination and previous infection, will determine whether it will become endemic in the long run.

WHO's South-East Asia region regional director added that there is need to get to a situation where we are fully in control of the virus, and not the virus in control of us.

Food delivery firm Swiggy (Bundl Technologies) said it has decided to change its daily grocery delivery service Supr Daily’s organisational structure to a Business Unit (BU) within Bundl. This will help Supr deal with with the unfair advantages that Swiggy has access to and accelerate its journey.

Over the last 15 months, Swiggy CEO Sriharsha Majety said it has made some exciting progress on its food delivery business. We’re now comfortably surpassing our pre-covid peak, while also being on the path to overall profitability, said Majety in a blog post.

State-backed Life Insurance Corp of India (LIC) is seeking to appoint a chief financial officer, according to a notification on its website, ahead of an initial public offering slated before the end of the fiscal year.

The move to hire a CFO follows a decision to re-designate LIC's top job to chief executive officer from chairman earlier this year.

Shares of state-owned electric utilities company NTPC registered a fresh 52-week high at Rs 132.10, up 4 per cent on the BSE in Tuesday’s intra-day trade after the company confirmed the winning of 1.9 GW solar projects under Central Public Sector Undertaking (CPSU) scheme.

The stock surpassed its previous high of Rs 127 hit on September 24, 2021. In past one month, the stock has rallied 16 per cent, as compared to 7 per cent rise in the S&P BSE Sensex.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.