Shares of Siemens soared nearly 9 per cent to a new life-time high at 4,244.55 in Monday's intra-day deals on the BSE after the company announced its plan to consider demerger of its energy business into a separate entity.

At 1:45 PM, Siemens traded with a gain of 7.7 per cent at Rs 4,205. Around 29,000 shares had exchanged hands at the counter, as against the two-week average volume of around 13,000 shares on the BSE.

Shares of HFCL zoomed over 10 per cent to high a fresh 52-week high of Rs 82.05 on the BSE in intra-day deals on Monday. In the process, the stock has zoomed over 21 per cent in the last two trading sessions after unveiling new products for the defence market.

At 11:35 AM, the stock quoted at Rs 80.60 up 8.8 per cent backed by heavy volume of around 36.59 lakh shares as against the two-week average volume of around 11.05 lakh shares on the BSE. Meanwhile, the S&P BSE Sensex was up marginally at 71,510.

A new draft of the telecom Bill – expected to be introduced before Parliament on Monday – doesn’t mention over the top (OTT) services in its definition of telecom services and clears the way for satellite spectrum to be allocated by the government.

Reviewed by 'Business Standard', the draft defines telecommunications services as "any service for telecommunications".

A consortium of five lenders sanctioned a term loan of Rs 3,215 crore to the GMR Visakhapatnam International Airport, with the aim of helping GMR Group build its fourth airport in India.

The GMR Airports currently operates New Delhi's Indira Gandhi International Airport, the Rajiv Gandhi International Airport in Hyderabad, and the Manohar International Airport in Goa, and an airport each in the Philippines and Indonesia.

The Mumbai Police has filed a First Information Report against Sajjan Jindal, Chairman of JSW Group, after a 30-year-old woman complained of rape and sexual assault against him. The assault allegedly took place at JSW Group's head office at Bandra Kurla Complex on January 24 last year.

The FIR was filed on December 13 after an order by a Mumbai court.

India's merchandise trade deficit fell to $20.58 billion in November, according to government data released on Friday. It was primarily driven by a fall in imports, by 4.3 per cent, to $54.48 billion as compared to $56.95 billion in the same month last year.

The exports, however, fell less sharply by 2.8 per cent to $33.90 billion from $34.89 billion a year ago. Trade deficit is the difference between imports and exports of a country during a time period.

In a stirring tribute on Vijay Diwas, Prime Minister Narendra Modi saluted the brave heroes of the 1971 war, whose sacrifices led to a decisive victory for India. Their unwavering spirit and dedication, he said, are etched in the nation's history and the hearts of its people.

Today, on Vijay Diwas, we pay heartfelt tributes to all the brave heroes who dutifully served India in 1971, ensuring a decisive victory. Their valour and dedication remain a source of immense pride for the nation.

Ranjan Pai, chairman of Manipal Education and Medical Group, has pledged an investment of Rs 1,300 crore in the PharmEasy rights issue. This commitment was made through his family office, according to sources familiar with the matter.

This investment by Pai is part of a larger Rs 3,500 crore fundraising effort by the e-pharmacy company through the rights issue. The issue was oversubscribed at Rs 3,950 crore, but the company is only raising Rs 3,500 crore.

The price of 24-carat gold rose marginally by Rs 110 during early trade on Saturday, with ten grams of the precious metal selling at Rs 63,000, according to the GoodReturns website. The price of silver climbed Rs 1,000 with one kilogram of the precious metal selling at Rs 78,500.

The price of 22-carat gold rose Rs 100, with the yellow metal selling at Rs 57,750.

No-frills airline SpiceJet has seen a gradual increase in its domestic market share towards the end of the year, following a decline in the first half of 2023, DGCA data showed.

The airline, which recorded a share of 6.2 per cent in November, announced last month the addition of 44 flights on new and existing routes for the winter schedule. The carrier has recently added eight Boeing 737s, including four 737 Max planes, to its fleet.

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