For the first time the BJP tally in the Rajya Sabha has crossed the 100-mark. The BJP also became the first party to achieve the feat after 1988.

After the recent round of election for the Upper House of Parliament held on Thursday, the saffron party tally now stands at 101.

Shares of Hero MotoCorp skidded 6 per cent to Rs 2,151.60 on the BSE in Friday's intra-day trade on reports that income tax (I-T) department has found Rs 800 crore siphoned off via shell firms. The stock of the two-wheeler major was trading close to its 52-week low of Rs 2,148 touched on March 8, 2022.

"An expenditure of more than Rs 800 crore on the books of Hero MotoCorp was not for purposes of business but made for a service from an event management company, which allegedly siphoned off the amount, according to an income-tax department probe.

Shares of Adani Wilmar (AWL) hit a new lifetime high of Rs 543.35 as they were locked at 5 per cent upper circuit for a second straight day on the BSE on Friday. Till 10:08 am, a combined 13.32 million equity shares had changed hands and there are pending buy orders for around 7 lakh shares on the NSE and BSE.

In the past one week, the stock of Adani Group edibles oil company has surged 30 per cent as compared to 2.3 per cent rise in the S&P BSE Sensex.

Standard and Poor’s (S&P) on Friday said Axis Bank’s acquisition of Citigroup Inc's consumer banking portfolio in India will bring in significant profitability improvements only from FY2025 onwards.

It will take time to complete the acquisition and integrate the assets. The acquisition is likely to be completed over the next 9 to 12 months, while full integration will take another 18 months, S&P said in a statement.

As the new financial year brings new tax rules, taxpayers should bear in mind that the deadline for filing late income tax returns for Assessment Year 2021-22 was March 31.

If an assessee missed this deadline, he or she will have to pay a penalty and interest, and may even face imprisonment for violation.

Edtech startup Vedantu on Thursday said it is on track to be "IPO-ready" in 18-24 months, and is upbeat about the India market prospects that offer ample headroom for growth.

With Covid-19 cases receding and offline learning modes opening up, the blazing pace of growth in online learning has sobered a bit, but the market is still yielding robust growth numbers, it said.

Bharti Airtel and Tech Mahindra on Thursday announced a strategic partnership to jointly develop and market enterprise-grade digital solutions across 5G, private networks and cloud.

Telecom operator Airtel has been undertaking 5G demonstrations and testing in India, while IT services major Tech Mahindra has developed 5G applications and platforms.

With 1,225 new coronavirus infections reported in a day, India's infection tally rose to 4,30,24,440, while the active cases dipped to 14,307, according to the Union Health Ministry data updated on Thursday.

The death toll climbed to 5,21,129 with 28 fresh fatalities, the data updated at 8 am stated.

The rates of petrol and diesel in Delhi increased by 80 paise a litre, while in Mumbai, fuel became costlier by 84 paise on Thursday. This is the ninth increase in fuel rates in 10 days, the total hike now amounts to Rs 6.40.

Petrol is now selling at Rs 101.81 per litre in Delhi and diesel is trading at Rs 93.07 per litre.

Shares of Saregama India were locked at the 5 per cent upper circuit at Rs 4,828.45 on the BSE in Thursday’s intra-day trade after the board approved demerger of entire distribution business of the company. The demerger relates to sale of all its physical products including Carvaan on digital marketplaces along with identified non-core assets (i.e. investment in publication business). The stock had hit a record high of Rs 5,487 on December 28, 2021.

Online marketplace has considerable potential, and skills acquired by the demerged company in the recent past can be utilized to manage end-to-end distribution activity, and with a potential to add many more products.

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