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.

Residents of Madhya Pradesh are likely to get a respite from the severe hot weather this week as the temperature has started going down and the mercury is expected to dip further over the next few days, a MeT official said on Monday.

On Saturday, Nowgaon and Khajuraho in Chhatarpur district sizzled at 48 degrees Celsius and the maximum temperature at both the places slightly dipped to 47 degrees Celsius on Sunday.

North Korean leader Kim Jong-un rebuked officials for failing to deliver medicine to its people in time amid the ongoing Covid-19 outbreak and ordered the mobilisation of military personnel to stabilise the supply of medicine in Pyongyang, state media said on Monday.

The political bureau of the ruling Workers' Party of Korea convened an emergency consultative meeting again to discuss measures for Covid control on Sunday, according to the North's official Korean Central News Agency (KCNA).

With 2,202 new coronavirus infections being reported in a day, India's tally of COVID-19 cases rose to 4,31,23,801 while the active cases dipped to 17,317, according to the Union Health Ministry data updated on Monday.

The death toll climbed to 5,24,241 with 27 fresh fatalities, the data updated at 8 am stated.

Shares of Amber Enterprises tanked 18 per cent to Rs 2,780 on the BSE in Monday’s intra-day trade in an otherwise firm market after the company reported a weak operational performance. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) margins were down 240 bps to 6.5 per cent, due to delay in passing of higher raw material prices along with sharp increase in employee cost.

Amber Enterprises is a market leader in domestic room air conditioner (RAC) industry and air conditioning industry for mobility applications such as railways, metros, buses etc.

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