The surge came after market sentiments improved as more countries are announcing the gradual lifting of lockdowns that have been imposed to contain coronavirus infection.

On Wednesday, another Indian pharmaceutical company, Strides Pharma Science Ltd, said it had developed and commercialised favipiravir antiviral tablets, and had applied to Indian drug authorities to start trials.

A committee headed by the state’s chief secretary that also includes representatives from South Korea and Japan will submit a report within one month.

In a letter to employees dated April 29, Reliance Industries' executive director Hital R. Meswani stated that Ambani will forego his entire compensation.

In its filing with the Bombay Stock Exchange (BSE), the company said that the board of directors of JustDial has given its nod to a buyback proposal worth maximum Rs 220 crore.

Industry representatives said while some hotels have chosen not to entertain new guests, some have stepped up hygiene and sanitisation measures.

The 'MSME Bank of Ideas, Innovation and Research' portal was launched via video-conference. Registered users on the portal can share ideas, innovation and research, which will be reviewed by the officer concerned.

The company said it is the first firm in India to receive such an approval from the Drug Controller General of India (DCGI).

The petitioner contended that telephone operators and ISPs ought not to charge citizens for services not used by them while following the government's directions.

Rising for the fourth straight session, the 30-share BSE Sensex settled 997.46 points, or 3.05 per cent, higher at 33,717.62.

The ministry constructed 10,855 km of national highways against the targeted 16,420 km in fiscal 2019, with an average daily construction rate of about 30 km.

The Internet and Mobile Association of India (IAMAI) has submitted a blueprint suggesting a road map for opening up e-commerce based on the current containment model of zoning.

Revenue from operations for the March quarter stood at Rs 136,000 crore, against Rs 152,939 crore in December quarter and Rs 138,659 crore in the year-ago period.

Reckitt Benckiser recorded a 13.3% rise in first quarter like-for-like sales, that was its best performance since the company was formed in 1999.

O2C undertaking of the company comprises entire oil-to-chemicals business of the company consisting of refining, petrochemicals, fuel retail and aviation fuel (majority interest only) and bulk wholesale marketing businesses together with its assets and liabilities.

Without revealing the identity of the companies, RIL in its fourth-quarter earnings statement said the investment would be announced in the coming months.

The agency affirmed the long-term issuer default ratings (IDR) of SBI and BOB at 'BBB-' and those of ICICI Bank and Axis Bank at 'BB+'.

The PF returns have details about employees' and employers' contributions towards the social security scheme run by the Employees' Provident Fund Organisation (EPFO).

Brent crude for July delivery, which started trading on Friday as the new front-month contract, was up $1.10, or 4.2%, at $27.58 a barrel by 0013 GMT.

The coronavirus has infected workers at dozens of locations, igniting small protests and prompting labour organisers to demand site closures

According to Dun & Bradstreet's latest report, changes in consumer behaviour will determine the segments that are likely to flourish after the pandemic comes under control.

The proposed acquisition involves settlement or contribution of equity shares of the company to the four trusts by Ashok Todi, Bimla Todi, Pradip Todi and Shobha Todi.

The state government has also decided to provide working capital loans to MSMEs at lower interest rates. A fund to the tune of Rs 200 crore would be created to lend loans between Rs 2-10 lakh.

The high court order of March 30 came as steelmaker ArcelorMittal looked to enforce a $1.5 billion arbitral award stemming from a soured supply agreement.

Sugar sales in March and April declined by 10 lakh tonne because of the imposition of nationwide lockdown to control the coronavirus disease, the Indian Sugar Mills Association (ISMA) said.

On the effectiveness of India's COVID-19 strategy, 73% of the respondents said it has been successful so far.

The tweets recall Musk's controversial tweets in August 2018 when he said he had "funding secured" for a quickly-aborted campaign to take the electric car maker private.

Phase one of the Tata Steel's European business project will create a plan for a series of local zero-carbon areas, create skilled jobs and enhance well-being across South Wales.

Dhawan will assume charge from Saturday in place of Ashish Agarwal, the current chief risk officer, who will transition to a new role in the bank.

In his opening remarks, the governor appreciated the efforts of banks in ensuring normal to near normal operations during the lockdown period.

The product has emerged as the fastest growing financial subscription service, reaching a subscriber base of 1,60,000 in less than a year.

Sebi has imposed a total penalty of Rs 1.05 crore on 21 entities for executing fraudulent trading in the scrip of Jolly Plastic Industries Ltd.

A recap, some gratitude and our continuing promise of quality.

Tata Consultancy Services' market valuation zoomed Rs 73,753.12 crore to Rs 7,56,049.23 crore, becoming the biggest gainer in the top-10 chart.

The government has permitted industrial estates, SEZ and industrial townships with restricted entry within urban areas of 'red zones' to commence operations.

Asked about the reluctance of lenders to extend advances to small and medium enterprises, Panda said banks are "afraid" of increasing their lending to businesses despite several policy rate cuts by the Reserve Bank of India.

In commodity markets, US crude futures sank in early trade on worries about oil oversupply, even as some US states start to ease coronavirus pandemic restrictions.

The deal comes less than two weeks after Facebook spent $5.7 billion to buy a 9.99 percent stake in Jio. The Facebook-Jio deal was the social media network’s biggest since its $22 billion buyout of WhatsApp in 2014.

The NSE Nifty 50 index was down 4.25% at 9,448.15, while the S&P BSE Sensex was 4.34% lower at 32,260.30.

India's solar and gas-fired electricity generation rose in April even as overall power demand fell at the steepest monthly rate in at least thirteen years, a Reuters analysis of provisional government data showed.

On being asked about the effect of the decline in Aramco’s profits on its plans to invest in India, Saudi Arabia's Ambassador to India reiterated that investment plans were on track.

US Secretary of State Mike Pompeo said on Sunday there was "a significant amount of evidence" that the virus emerged from a Chinese laboratory.

The rupee opened weak at 75.70 at the interbank forex market and then fell further to 75.80, down 71 paise over its last close.

ICICI Bank was the top laggard in the Sensex pack, tumbling nearly 9 per cent, followed by IndusInd Bank, Bajaj Finance, Tata Steel and HDFC.

Lower crude production due to reduced activity and OPEC+ cuts, coupled with a partial recovery in oil demand, should drive prices higher next year, Goldman Sachs Equity Research said in a note.

The state retailers' petrol and diesel sales in first half of April declined by 61% and 64%, respectively, as a nation-wide lockdown to curb the spread of the coronavirus brought economic activity to a standstill.

Antibody testing is an important step to tell if someone has been previously infected. It will provide more understanding of the virus.

Remdesivir is authorised for the treatment of hospitalised patients with severe Covid-19 disease though the optimal duration of treatment is still being studied in ongoing clinical trials.

After a highly volatile session, the 30-share BSE index settled at 31,715.35, plunging 2,002.27 points, or 5.94 per cent.

The brand, whose clothes have been worn by former first lady Michelle Obama, said online sales operations, which account for more than half its revenues, will continue as normal.