Shares of information technology (I-T) companies surged on Friday, buoyed by a fall in Indian Rupee against the US dollar after a key Iranian and Iraqi military personnel were killed by a US airstrike that sent the oil prices soaring.

Iranian Major-General Qassem Soleimani, head of the elite Quds Force, and Iraqi militia commander Abu Mahdi al-Muhandis were killed early on Friday in an air strike on their convoy at Baghdad airport, Reuters reported.

Home Minister Amit Shah said on Thursday the protests against the Citizenship Amendment Act (CAA) are "mostly political" and insisted that no Indian will lose her nationality because of the legislation.

Shah also challenged Congress leaders Rahul Gandhi and Priyanka Gandhi to show one clause in the CAA under which anyone is going to lose Indian citizenship.

A group of Amazon.com employees who pushed the company to combat climate change say Amazon has threatened to fire some of them if they continue to speak out about their employer’s internal affairs.

Two were threatened with termination, a spokesperson for Amazon Employees for Climate Justice said, and a total of four were told in meetings that they were in violation of the company’s policies on workers speaking to the press and on social media.

Peninsula Land Ltd, a real estate company promoted by Ashok Piramal Group, has defaulted on repayment of a loan from the State Bank of India (SBI).

The default of Rs 2.35 crore happened on November 30, 2019 on term loan of Rs 177.7 crore. The default is on payment of interest and principal component of the loan. The rate of interest is 9.95 per cent, according to company's filing with exchanges.

Niche bike maker Royal Enfield on Thursday reported 13 per cent decline in total sales at 50,416 units in December.

The company had registered total sales of 58,278 units in the same month a year ago, Royal Enfield said in a statement.

Domestic sales in December were at 48,489 units as against 56,026 units in the year-ago month, down 13 per cent, it added.

Shares of Apollo Hospitals Enterprise jumped 5.2 per cent to Rs 1,501.5 per share on the BSE on Thursday after the company said Insurance Regulatory and Development Authority of India (IRDAl) has approved HDFC's bid to acquire 51.2 per cent stake in Apollo Munich Health Insurance Company (AMHI). Competition Commission of India (CCI), and Reserve Bank of India (RBI) have already approved the deal.

Bajaj Auto on Thursday reported a 3 per cent decline in total sales at 3,36,055 units in December 2019.

The firm had sold a total of 3,46,199 units in December 2018, Bajaj Auto said in a statement.

Total domestic sales were down 15 per cent at 1,53,163 units as compared to 1,80,351 units in the year-ago month, it added.

Tata Sons on Thursday moved the Supreme Court challenging the December 18 decision of the NCLAT restoring Cyrus Mistry as the executive chairman of the group.

The Tata Group sought stay of the verdict by which the National Company Law Appellate Tribunal (NCLAT) ruled as "illegal" the appointment of N Chandrasekaran as head of the holding company of over $110 billion salt-to-software conglomerate.

Maruti Suzuki India ended 2019 with a drop of 12.3 per cent in its annual sales. The fall, the steepest in almost a decade, came on the back of poor economic growth and a slowdown in overall consumption. India’s economy grew at an anaemic 4.5 per cent in the September quarter, the lowest in five years.

Entering 2020, Maruti is optimistic, even as it remains cautious of the disruptions expected in the next couple of months, ahead of the implementation of BS-VI and high cost of ownership, said a top executive of the company.

State-owned Oil and Natural Gas Corp (ONGC) has begun an exercise to shed excess cost at the Mumbai offshore oil and gas fields of Panna-Mukta, whose control it regained after two and half decades and has already saved Rs 1 crore in the shipping cost.

ONGC has changed the contract for bringing oil produced from the fields lying in the Arabian Sea to land, resulting in saving of about $5,000 per day, sources with direct knowledge of the development said.

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