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The Supreme Court today said it was “extremely unfortunate” that several states have not responded to two communications sent by the Centre on the issue of elephant corridors to curb human-animal conflict and reduce animal fatalities. The apex court pulled up these states and noted that only three — Kerala, West Bengal and Meghalaya — have so far responded to the letters sent by the Centre in August and November last year. “It is extremely unfortunate,” a bench comprising Justices Madan B Lokur and Deepak Gupta said. It asked the…

Benchmark Nifty rose 20.65 points to end at 10,584.70 today, driven by buying in realty, pharma, IT, media, PSU bank and auto sectors. Metal, FMCG, infrastructure and finance service counters witnessed hectic profit-booking. The rupee falling to its weakest level since March, continued FII outflows and April derivative expiry day this week influenced trading sentiment, brokers said. Overseas, European shares fell early today as results from Switzerland’s biggest bank, UBS, disappointed investors. Asian stocks closed lower as investors kept an eye on rising US Treasury yields. The Nifty 50 index…

Mobile gaming company Nazara Technologies has received markets regulator Sebi’s go-ahead to float an initial public offering. The company is popularly known for its games on World Cricket Championship, Chhota Bheem and Motu Patlu series. Nazara, which filed draft papers with Sebi to launch an IPO on February 1, obtained its “observations” on April 20, as per the latest update with the markets watchdog. Sebi’s observations are necessary for any company to launch public issue like initial public offer (IPO), follow-on public offer (FPO) and rights issue. Going by the…