Indian Oil Corporation (IOC) on Wednesday entered into a collaboration with Phinergy, an Israeli start-up company specialising in hybrid lithium-ion and aluminium-air/zinc-air battery systems, to form IOC Phinergy Private Limited.

According to a press release, the collaboration took place in the presence of Union Minister Dharmendra Pradhan and Israel Energy Minister Yuval Steinitz.

The Central Bureau of Investigation (CBI) on Wednesday carried out searches at several locations of Cadbury India Ltd, which is now known as Mondelez Foods Pvt Ltd.

A CBI source said that multiple teams of the agency carried out searches at the locations of Cadbury India Ltd in Maharashtra, Himachal Pradesh, Punjab and Haryana.

Beauty brand MyGlamm said on Thursday that it has closed its Rs 175 crore Series C funding round with investments from Ascent Capital, Amazon and Wipro Consumer. This also marks one of the first investments made by e-commerce giant Amazon in a beauty brand in India. With the Series C round MyGlamm becomes the fastest D2C (direct to consumer) beauty brand to cross the $100 million valuation mark in just three years of launch.

Maharashtra recorded 23,179 new COVID-19 cases in the last 24 hours on Wednesday. This is the highest number of COVID-19 cases this year and nearly 30% higher than the day before.

With a steady rise in coronavirus cases, the Maharashtra government has issued a notification stating private establishments that do not follow the standard operating procedure (SOP) will be shut down till the pandemic continues to be notified as a disaster by the Centre.

Following Ghaziabad, Gautam Buddh Nagar police have also imposed section 144 of the Code of Criminal Procedure (CrPC) till April 30 as a precautionary measure in wake of rising COVID-19 cases.

The precautionary measures have been put in place keeping in mind upcoming festivals including Holi, Good Friday, Ambedkar Jayanti, Navratri and Ram Navami. The measures prohibit unauthorised protests and action will be taken against people not following COVID-19 protocols.

In a major incident in Uttarakhand, a Tanakpur bound train started running in opposite direction before reaching the destination on Wednesday.

A major accident was averted after the Purnagiri Janshatabdi Express started running in reverse direction on the railway tracks for a few kilometres. The train was going from Delhi to Tanakpur.

As per the directions of the Election Commission, the authorities have seized cash to the tune of Rs 12.17 crore and drugs, gold and silver ornaments valued at Rs 52.65 crore in a bid to ensure a free, fair and safe Assembly polls in Assam.

Election officials on Tuesday night said that the Assam Police, state excise department, income tax department, the Directorate of Revenue Intelligence, the Narcotics Control Bureau, flying squads, static surveillance teams and other regulatory agencies have been working round-the-clock to detect any suspicious movement of cash, liquor, valuables.

Aditya Birla Capital on Wednesday said its board has given in-principle approval to explore an initial public offering (IPO) of its arm Aditya Birla Sun Life AMC.

Aditya Birla Sun Life AMC Ltd, the investment manager of Aditya Birla Sun Life Mutual Fund, is a joint venture between the Aditya Birla Group and the Sun Life Financial Inc. of Canada.

Shares of Indigo Paints hit their lowest level since listing at Rs 2,377.70, down 2.7 per cent on the BSE in intra-day trade on Wednesday. The stock was trading lower for the fourth straight day, having fallen 5.5 per cent during the period. With four days of decline, the stock of Indigo Paints has corrected 29 per cent from its high of Rs 3,348 touched on February 3, 2021.

Shares of Vedanta hit a fresh 52-week high of Rs 230, up 2 per cent on the BSE, in the intra-day trade on Wednesday after the promoter, Vedanta Resources Plc, raised the open offer price for buying shares in flagship Indian firm to Rs 235 per share from Rs 160 per share earlier. At 10:38 am, the stock was trading flat at Rs 226.15, as compared to a 0.12 per cent decline in the S&P BSE Sensex.

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