Shares of Tata Communications were locked in the 5 per cent upper circuit for the second straight day on the BSE at Rs 700.55 on Tuesday, hitting an over two-year high in an otherwise weak market.

The stock of the Tata group company was trading at its highest level since December 15, 2017. In the past three months, it had rallied 112 per cent after the company delivered strong operating performance during the January-March quarter (Q4FY20). In comparison, the S&P BSE Sensex was up 18 per cent during the period.

The Income Tax Department is conducting searches in four cities, including Delhi and Jaipur, in connection with a tax evasion case against a Rajasthan-based hydropower infrastructure company and some other business groups, officials said on Monday.

The raids come at a time when Rajasthan is witnessing an intense power tussle between Chief Minister Ashok Gehlot and his deputy Sachin Pilot.

In a fresh twist to the controversy over premium telecom plans, Vodafone Idea on Monday moved the Telecom Disputes Settlement and Appellate Tribunal (TDSAT), seeking a stay on the regulator’s diktat to block such schemes. The Telecom Regulatory Authority of India (Trai) had in a written communication on July 11 asked Bharti Airtel and Vodafone Idea to hold their tariff plans prioritizing premium customers. The TDSAT is expected to hear the Vodafone Idea case on Tuesday.

In what comes as more headache for the Congress amid the intensifying Rajasthan Political Crisis, the camp belonging to the state's Deputy Chief Minister, Sachin Pilot, on late Monday night released a video of around 15 loyalist MLAs sitting together at a hotel in Haryana's Manesar.

The 10-second video clip presumably sends a direct and strong message to the Congress leadership that Sachin Pilot is not in a mood to relent and that Rajasthan Chief Minister Ashok Gehlot will have to face some harsh days ahead in order to safeguard his government.

The total number of recovered COVID-19 patients in the country has risen to 5,53,470 with the recovery rate further improving to 63%, the government data showed on Monday.

Nineteen states and Union Territories have a recovery rate higher than the national average with Ladakh and Delhi occupying the top spots.

Amid ongoing diplomatic tussle with India, Nepal Prime Minister KP Sharma Oli on Monday claimed that that Hindu deity Lord Ram was actually born in Ayodhya village of Nepal and not in India as claimed.

Speaking during a programme at his official residence, Oli said Lord Ram is Nepali, not Indian.

The Income Tax Department is conducting searches in four cities, including Delhi and Jaipur, in connection with a tax evasion case against a Rajasthan-based jewellery group, officials said on Monday.

They said the raids have been launched early morning in Delhi, Jaipur, Mumbai and Kota.

Shares of YES Bank extended their decline itnto second straight day, down 17 per cent to Rs 21.20 in the intra-day trade, on the BSE on Monday on the back of heavy volumes after the bank on Friday fixed floor price for its proposed follow-on public offer (FPO) at Rs 12 per share and a cap of Rs 13 per unit. In the past two trading days, the stock has tanked 20 per cent from a level of Rs 26.65 on the BSE.

With the political logjam in Rajasthan continuously intensifying, the ruling Congress in the state has made it clear that it will not tolerate any indiscipline in the party.

The statement comes as the crucial Congress Legislature Party meeting is underway.

With the political developments in Rajasthan intensifying after Deputy Chief Minister Sachin Pilot revolted against the Ashok Gehlot led government, the Congres party is likely to sack the former as the president of Rajasthan Congress.

Raghuveer Meena likely to be appointed as new Congress state president in place of Sachin Pilot, sources quoted by Zee News claimed.

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