Shares of Honda India Power Products hit over four-year high of Rs 1,585.95, after rallying 13 per cent on the BSE in Tuesday’s intra-day trade on expectation of strong earnings. The stock of industrial equipments company traded at its highest level since February 2018. Earlier, it had hit a record high of Rs 1,750 on November 7, 2016.

In the past one month, the stock rallied 25 per cent after its fellow subsidiary Honda Cars India Ltd (HCIL) started production of the upcoming electric hybrid version of its popular sedan, 'City.' In comparison, the S&P BSE Sensex was down 7 per cent during the same period.

The country's largest carmaker Maruti Suzuki India (MSI) on Tuesday said its shareholders have approved the appointment of Hisashi Takeuchi as Managing Director and CEO.

In a regulatory filing, the auto major said 99.89 per cent of votes polled through a postal ballot were in favour of the appointment of Takeuchi as MD and CEO.

Bajaj Electricals on Tuesday reported a 28.73 per cent decline in consolidated net profit at Rs 38.67 crore for the fourth quarter ended March 2022.

The company had posted a net profit of Rs 54.26 crore for March quarter of the previous fiscal year, Bajaj Electricals said in a regulatory filing.

Odisha Mining Corporation (OMC) announced that it will set up five model schools and a skill academy in its operation area.

OMC signed an agreement with Odisha Adarsha Vidyalaya Sangathan to set up five 'Mining Adarsha Vidyalayas'. Besides, it signed a MoU with the Department of Technical Education and Training to establish the Skill Academy at ITI, Koira.

Hyundai Motor India on Tuesday said it has joined hands with Tata Power to set up fast charging electric vehicle infrastructure across its select dealerships in the country.

Under the collaboration, 60 kW DC charging stations will be installed at the company's 34 EV dealerships in 29 cities to cater to all kinds of electric vehicles through Hyundai and Tata Power EZ Charge Mobile App.

International Holding Company PJSC (IHC) of Abu Dhabi on Tuesday completed its Rs 15,400 crore investment transaction in three Adani companies -- Adani Green Energy (AGEL), Adani Transmission (ATL) and flagship, Adani Enterprises (AEL), a statement from Adani said.

IHC has made the Investment via the preferential allotment route. Syed Basar Shueb, CEO and MD of IHC, said, This strategic expansion of our business aligns with IHC's commitment to broadening and diversifying our investment portfolio.

Shares of Life Insurance Corporation of India (LIC) listed at Rs 867.20 on the BSE, a 8.6 per cent discount when compared with its issue price of Rs 949 per share offered to qualified institutions and non-institutional buyers. On the National Stock Exchange (NSE), the stock opened at Rs 872, i.e. 8 per cent lower against its issue price.

The stock of India’s largest insurance provider company also listed 4 per cent below the shares issued at price of Rs 904 to retail individuals and employees and 2 per cent lower against the shares allotted to eligible policyholders at price of Rs 889 per share.

Paytm Insuretech -- an associate company of One97 Communications -- and Prism Johnson Ltd, who had entered into an agreement, wherein the former would have bought 51 per cent stake of the latter in Raheja QBE General Insurance, have decided to terminate the agreement as the share sale and purchase transaction was not consummated within the time period envisaged by the parties under the agreement.

Shares of Bandhan Bank surged 8 per cent to Rs 342.70 on the BSE in Monday’s intra-day trade, on improvement in asset quality in the March quarter (Q4FY22), with gross non-performing asset (NPA) and net NPA ratios declining 435 bps and 135 bps to 6.46 per cent and 3.01 per cent, respectively, on a quarter on quarter (QoQ) basis.

At 11:29 am; the stock of the private sector lender was trading 6 per cent higher at Rs 336.90, as compared to a 0.72 per cent rise in the S&P BSE Sensex. It had hit a 52-week high of Rs 354.10 on June 28, 2021.

Shares of Avenue Supermarts, which runs the D-Mart chain of stores, gained 8 per cent to Rs 3,499 on the BSE in Monday’s intra-day trade. The surge comes after the company reported 18.5 per cent year on year (YoY) jumped in its standalone revenue at Rs 8,606 crore in March quarter (Q4FY22). The revenue growth was is in-line with the management's guidance in its prequarterly update.

Besides that, the company's profit after tax (PAT) grew 7.2 per cent YoY at Rs 466 crore, whereas, earnings before interest, taxes, depreciation, and amortization (EBITDA) margins remained flattish YoY at 8.4 per cent.

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