Shares of Brigade Enterprises (BEL) rallied 13 per cent to hit a new high of Rs 983.65 on the BSE in Thursday’s intra-day trade on a healthy business outlook.

Since November, the stock of the real estate company has zoomed 60 per cent as it had reported a strong operational performance for the September quarter (Q2FY24).

Glenmark Pharmaceuticals on Wednesday launched the first biosimilar of popular anti-diabetic drug Liraglutide in India to lower the cost of therapy by about 70 per cent. The drug, marketed under the brand name Lirafit, has received approval from the Drug Controller General of India (DCGI). It is priced at approximately Rs 100 for a standard daily dose of 1.2 mg. This pricing strategy aims to make the drug accessible to patients with type 2 diabetes mellitus in the country, Glenmark said.

Shares of Torrent Power surged 13.5 per cent on the BSE to a fresh high of Rs 1,071.6 in Thursday’s intra-day trade after the company signed Memorandum of Understandings (MoUs) for projects worth Rs 47,350 crore with the Gujarat government.

In the past two months, the stock has outperformed the market by surging 38 per cent. Its previous record high of Rs 1,045.35 was touched on December 7, 2023.

YS Sharmila, the founder of YSR Telangana party (YSRTP), is set to join the Congress party soon. She will travel to Delhi on Wednesday where she is expected to meet All India Congress Committee (AICC) President Mallikarjun Kharge and party leader Rahul Gandhi to make the key announcement.

The younger sister of Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy, Sharmila had been in close talks with the Congress over the merger. According to the reports, she is likely to be made in-charge of elections for Southern states after the merger of the YSRTP with Congress.

The Polit Bureau of the Communist Party of India (Marxist) demanded the withdrawal of mandatory linkages to an Aadhar-based payment system from the Central Government.

CPI(M) in a statement said that the latest expression of the Modi government's active hostility towards the demand-based rural work guarantee law--the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) is the imposition of an Aadhar-based payment system (ABPS) the deadline of which expired on December 31, snatching away the right to crores of workers.

The Supreme Court, on Wednesday, said that there were no grounds for taking away the investigation of the Adani group of companies in the Hindenburg report from the markets regulator. It granted the Securities and Exchange Board of India (Sebi) three months to complete the investigation of two pending matters.

The Supreme Court also refused to interfere in the Sebi's probe.

Shares of Adani group companies have rallied up to 12 per cent on the BSE in Wednesday's intra-day trade as the Supreme Court is expected to announce its verdict in the Adani-Hindenburg case later today.

According to Business Standard report, the Supreme Court on Wednesday will pronounce its judgement on a batch of petitions seeking a court-monitored investigation into the allegations made by US-based firm Hindenburg Research against the Adani group of companies regarding violations of the stock market.

Prime Minister Narendra Modi on Tuesday laid the foundation stone for development projects worth more than Rs 20,000 crore in Tiruchirappalli, Tamil Nadu, marking the start of work in rail connectivity, roads, oil and gas, and shipping.

The projects will strengthen Tamil Nadu’s progress, create employment for thousands and boost travel, he said as he congratulated the people of the state. Modi praised Vijayakanth, the movie actor and leader of Desiya Murpokku Dravida Kazhagam (DMDK) party who died on December 28, as a "Captain" in cinema and politics.

The Reserve Bank of India (RBI) on Tuesday proposed to tighten norms for dividend declaration by banks as it lowered the net non-performing asset (NPA) ratio for a lender to be eligible for paying dividends.

In a draft circular released on Tuesday, the RBI said it would not entertain any ad hoc dispensation on the declaration of dividends. Feedback on the draft circular can be submitted by January 31. The RBI proposed the new norms for declaration of dividend for FY25 and onwards.

All India Majlis-E-Ittehadul Muslimeen (AIMIM) chief Asaduddin Owaisi has appealed to the Muslim youth to be watchful of the activities done by the Centre and said that mosques across the country should remain inhabited.

Days before the 'Pran Pratishtha' (consecration) of the Ram temple in Uttar Pradesh's Ayodhya on January 22, Asaduddin Owaisi, with reference to Babri Masjid, said the place where the holy Quran was recited for the past 500 years is not in their hands anymore, news agency ANI reported.

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