Top headlines: Bitcoin plunges to $30,066; IOC returns to profit in Q4FY21

Business Standard brings you the top headlines this evening

Crypto market cap losses nearly $1 trn
 

Bitcoin and ethereum posted their largest one-day drop since March last year on Wednesday, with losses in the market capitalisation for the entire cryptocurrency sector approaching $1 trillion.
 

The sharp declines came after China banned financial and payment institutions from providing cryptocurrency services. Read more
 

IOC net rises to Rs 8,781 cr in Jan-Mar quarter
 

Indian Oil Corporation (IOC), the nation's biggest oil firm, on Wednesday reported a better-than-expected net profit of Rs 8,781.30 crore in the March quarter, helped by a surge in refining margins as higher crude prices boosted the inventory value.
 

Standalone net profit in January-March was at Rs 8,781.30 crore, or Rs 9.56 a share, compared with a loss of Rs 5,185.32 crore in the same period a year back, IOC Chairman S M Vaidya said. Read more
 

NCLT asks DHFL creditors to consider ex-promoter Wadhawan's settlement offer
 

The National Company Law Tribunal (NCLT) on Wednesday directed the administrator of DHFL to present the settlement offer of the non-banking financial company's ousted promoter Kapil Wadhawan before the creditors for their consideration.
 

The tribunal, in an oral order, has asked the RBI-appointed administrator of Dewan Housing Finance Ltd (DHFL) to present the settlement plan to the Committee of Creditors (CoC).
 

The CoC has been given 10 days' time to consider the offer. Read more
 

Vaccination should be taken 3 months after recovery from COVID-19: Health ministry
 

Those suffering from COVID-19 as well as those who have contracted it after taking the first vaccine dose should go for the jabs three months after fully recovering from the disease, the Union health ministry said on Wednesday.
 

Also, COVID-19 vaccination is recommended for all lactating women and an individual can donate blood after 14 days of either receiving anti-coronavirus shot or testing RT-PCR negative, if suffering from the disease. Read more