Shares of Indian Overseas Bank were locked in 20 percent upper circuit at Rs 24.60 on Thursday as the Reserve Bank of India (RBI) has removed the lender from the PCA (prompt corrective action) framework.

The Supreme Court on Tuesday rejected its plea challenging the bidding process for the supply of PNG and CNG in Sanand, Bavla, and Dholka of Ahmedabad district.

The boardroom battle between Zee Entertainment and Invesco is getting more intense. Invesco has moved the National Company Law Tribunal (NCLT) against Zee Entertainment for failing to announce a date for the extraordinary general meeting (EGM) - Invesco had earlier demanded that an EGM be held to reshuffle the board. They had also sought Puneet Goenka's ouster from the board. HP Ranina, corporate lawyer, JN Gupta, former ED, SEBI and MD at Stakeholders Empowerment Services, and Shriram Subramanian, founder and MD, InGovern, discussed this further.

APM gas prices will increase from tomorrow. From tomorrow, we will see a hike of around 60 to 70 percent, that is the expectation. It happens every six months, from April 2022 it is expected to increase by another 60 percent because of the surge that we have seen in global gas prices. Of course, it is a positive for gas producers, the likes of ONGC, Oil India, however, it is negative for the ones that are using it as input, so the likes of fertiliser companies, IGL, MGL and also the power companies which use gas could see some impact as far as the input costs are concerned.