Aditya Birla Capital on Tuesday said its material subsidiary Aditya Birla Sun Life AMC (ABSLAMC) has filed preliminary papers for an initial public offer (IPO) with market regulator Securities and Exchange Board of India (Sebi).

Aditya Birla Sun Life AMC filed a draft red herring prospectus (DRHP), dated April 19, 2021, with Sebi for an IPO by way of an offer for sale (OFS) of the shares of the company.

Shares of Gland Pharma hit a new high of Rs 2,879 on the BSE, up 4 per cent, in intra-day trade on Tuesday, taking its winning run to the fourth straight day. During this period, the shares have rallied 16 per cent. The stock is quoting at the highest level since its listing on the bourses on November 20, 2020.

With the past four days' surge, Gland Pharma is now trading 92 per cent higher over its initial public offer (IPO) issue price of Rs 1,500 per share.

Flipkart said on Tuesday it has expanded its hyperlocal service to six new cities, seeking customers for doorstep delivery of daily essentials during the coronavirus pandemic.

Flipkart Quick is now available in Delhi, Gurgaon, Ghaziabad, Noida, Hyderabad and Pune and will go to other cities this year gradually, said the company.

A day after lenders to Future Retail approved a debt recast plan extending repayment of its loans by up to two years, the Supreme Court (SC) on Monday stayed all proceedings pending before the Delhi High Court (HC) in the Amazon versus Future case.

The matter will be next heard on May 4 in the SC, by when the two sides have been asked to complete their pleadings.

A high-level committee, chaired by Kerala Chief Secretary VP Joy, on Monday decided to impose a night curfew from 9 pm to 5 am starting Tuesday, for the next two weeks in order to curb the rising spike in Covid cases in the state.

Restriction on non-essential activities and movement at night between 9 PM and 5 AM shall come into force from 9 PM of April 20, 2021, the government order said.

US' Centers for Disease Control and Prevention (CDC) had advised its citizens to avoid travelling to India amid a massive surge in COVID-19 cases in the country. In a statement, the CDC said: Because of the current situation in India even fully vaccinated travellers may be at risk for getting and spreading COVID-19 variants and should avoid all travel to India. If you must travel to India, get fully vaccinated before travel. All travellers should wear a mask, stay 6 feet from others, avoid crowds, and wash their hands.

Congress leader P. Chidambaram on Monday alleged that Covid-caused deaths are being under-reported in Gujarat.

Citing media reports, Chidambaram said Covid-caused deaths are being mis-reported as caused by cardiac arrest, chronic diabetes.

The overall global Covid-19 caseload has topped 141.1 million, while the deaths have surged to more than 3.01 million, according to the Johns Hopkins University.

In its latest update on Monday morning, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and death toll stood at 141,113,721 and 3,017,412, respectively.

The Shiv Sena on Monday slammed BJP leaders Devendra Fadnavis and Pravin Darekar for objecting to Mumbai police's grilling of a pharma firm's top executive over alleged stocking of Remdesivir vials, and wondered if there was a conspiracy to disturb the law and health order.

An editorial in the Sena mouthpiece 'Saamana' accused the BJP of having a clear agenda that the Maharashtra government should fail in handling the COVID-19 situation, and charged it with making persistent efforts in that direction with the help of the Centre.

The Rajasthan government on Sunday imposed 15-day lockdown-like curbs in the state from April 19, 5 am to May 3, 5 am owing to the surge in COVID-19 cases. The lockdown will be called 'Jan Anushasan Pakhwara' or 'self-discipline fortnight'. During this period, all markets, restaurants, non-essential shops and offices will remain shut. Essential services to remain open.

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