Jindal Steel and Power Ltd (JSPL) said on Thursday it has received official communication from the Odisha state government for grant of mining lease of the Kasia iron and dolomite mine.

The company has been declared as the preferred bidder for the mine at a premium of 118.1 per cent. The Kasia Mine has a large resource of 278 million tonnes of iron ore and consists of an average Fe grade of 62.5 per cent.

Shares of Coal India hit a 52-week high of Rs 170, up 5 per cent on the BSE in Thursday’s intra-day trade on improved outlook. The stock of the country’s largest coal producer surpassed its previous high of Rs 164.90 touched on June 11, 2021. In the past one month, the stock has rallied 27 per cent, as compared to a 7 per cent rise in the S&P BSE Sensex.

India's coal mining sector is dominated by Coal India and the scenario is unlikely to change in the immediate future. Even after the opening up of the coal sector to private commercial mining by the government of India, the proportion of coal supply from Coal India is likely to dominate the Indian market.

Indian Prime Minister Narendra Modi is on his way to the United States of America to attend the United Nations General Assembly.

En route to Washington, US, PM Modi has shared an image of himself sitting inside the plane mid-flight to the other side of the world. PM Modi is seen going through some papers, with three files on top of luggage on the seat next to him.

A cab driver, who allegedly raped a woman passenger in the vehicle between 3 am to 4 am, was arrested early on Wednesday, the police said.

The complainant, who belongs to Jharkhand, had booked the cab from HSR Layout to Murugesh Palya. According to the police, the woman alleged that the driver allegedly locked the car door on reaching the destination and raped her before pushing her out of the vehicle.

Prime Minister Narendra Modi has said he would highlight economic opportunities in India during his meetings with CEOs here.

On Thursday, the prime minister is scheduled to hold one-o-one meetings with top five American CEOs.

SoftBank Group-backed Indian hospitality startup Oyo Hotels and Rooms is expected to file for an initial public offering (IPO) next week to raise around $1 billion, a source told Reuters on Thursday.

The hotel aggregator is looking to list in India's financial capital of Mumbai and its IPO is tentatively pegged at between $1 billion and $1.2 billion, the source said, adding it will consist of a fresh issue of shares and an offer for sale from existing shareholders.

The Delta Covid variant is the current dominant strain of the infectious virus, with its presence reported in 185 countries, as of September 21, the World Health organisation has said.

The Delta variant now accounted for 90 per cent of the sequences submitted to GISAID with a sample collection date (between 15 June-15 September, 2021), the global health agency said in its weekly epidemiological update on Tuesday. GISAID, which stands for Global Initiative on Sharing Avian Influenza Data, is an open-access database.

ITC's market capitalisation returned to Rs 3 trillion-mark on Wednesday after the stock of the biggest cigarette and second largest fast moving consumer goods (FMCG) company hit a 21-month high on the bourses. The stock hit an intra-day high of Rs 244.70, up 1 per cent on the BSE today, and was trading at its highest level since December 2019.

In the past one week, ITC has outperformed the market by surging 13 per cent on expectations of an improvement in the company’s businesses.

World Health Organisation (WHO) chief Tedros Adhanom Ghebreyesus on Wednesday thanked Union Health Minister Mansukh Mandaviya for announcing resumption of COVID-19 vaccine shipments to the COVAX global pool in October.

COVAX is an initiative for equitable global access to COVID-19 vaccines.

India has recorded 26,964 new COVID-19 cases in the last 24 hours, the Union Health Ministry informed on Wednesday.

The number of active cases in the country now stands at 3,01,989, which is the lowest in 186 days. According to the ministry, active cases currently account for 0.90 per cent of total cases, which is the lowest since March 2020.

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