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Adani Wilmar breaks into Rs 50,000-cr m-cap club; stock up 68% in 3 days

Adani Wilmar breaks into Rs 50,000-cr m-cap club; stock up 68% in 3 days

Shares of Adani Wilmar were locked at upper circuit for the second straight day, up 20 per cent at Rs 386.25 on the National Stock Exchange (NSE) on Thursday, thus also hitting a new high since its market debut on Tuesday.

With today’s rally, the stock of Adani Group edible oil major has surged 68 per cent over its issue price of Rs 230 per share, and is above 70 per cent from its listing price of Rs 227 on the NSE. The stock has zoomed 75 per cent from its debut price of Rs 221 on the BSE.

Solara Active Pharma tanks 20%, hits 52-week low on weak Q3 results

Solara Active Pharma tanks 20%, hits 52-week low on weak Q3 results

Shares of Solara Active Pharma Sciences were locked at 20 per cent lower circuit limit at Rs 775.05, also its 52-week low, on the BSE on Thursday after the company reported a consolidated net loss of Rs 140 crore in December quarter (Q3FY22), due to lower revenue. The pharmaceutical company had posted a profit of Rs 65.78 crore in the year-ago quarter (Q3FY21).

The stock has corrected 58 per cent from its 52-week high level of Rs 1,859.30 touched on May 19, 2021.

Uttar Pradesh polls: Time to change government, says BSP chief Mayawati

Uttar Pradesh polls: Time to change government, says BSP chief Mayawati

With the beginning of the first phase of polling for Uttar Pradesh Assembly elections, Bahujan Samaj Party (BSP) chief Mayawati on Thursday said that it is time to make a decision whether people want a "sorrowful" state or protect their interests in the coming five years in the state.

The BSP leader also extended a warm welcome to all the voters for phase 1 voting which includes 58 assembly constituencies of 11 districts in western Uttar Pradesh.

UP polls phase 1: Polling on 58 seats in 11 districts to begin on Thursday

UP polls phase 1: Polling on 58 seats in 11 districts to begin on Thursday

Voting for the first phase of Uttar Pradesh elections on 58 assembly seats covering 11 districts of the state will begin on Thursday at 7 am.

The voting will conclude at 6 pm today.

The first phase will cover the 'Jat-dominant belt' of the western part of the state.

India records 67,084 fresh Covid-19 cases, 1,241 more fatalities

India records 67,084 fresh Covid-19 cases, 1,241 more fatalities

India logged 67,084 new coronavirus infections, taking the country's total tally of COVID-19 cases to 4,24,78,060, while the active cases declined to 7,90,789, according to the Union Health Ministry data updated on Thursday.

The death toll climbed to 5,06,520 with 1,241 fresh fatalities, the data updated at 8 am stated.

NDTV net profit up 31.6% to Rs 29.87 crore in December quarter

NDTV net profit up 31.6% to Rs 29.87 crore in December quarter

Media firm New Delhi Television Ltd (NDTV) on Wednesday reported a 31.64 per cent increase in its consolidated net profit to Rs 29.87 crore for the third quarter ended December 2021.

The company had posted a net profit of Rs 22.69 crore during the October-December quarter a year-ago, said NDTV in a BSE filing.

Amazon's cumulative product shipments from India touch $3 billion

Amazon's cumulative product shipments from India touch $3 billion

E-commerce firm Amazon has facilitated shipment of products worth USD 3 billion from India in about six years' time, a senior company official said on Wednesday.

The company has set target to enable exports worth USD 10 billion from India by 2025.

CCPA passes order for discontinuation of Sensodyne ads in India

CCPA passes order for discontinuation of Sensodyne ads in India

Consumer protection regulator CCPA has passed an order against GlaxoSmithKline (GSK) Consumer Healthcare Ltd directing it to discontinue advertisements of Sensodyne products in India for flouting norms.

The Central Consumer Protection Authority (CCPA) has also passed an order against Naaptol Online Shopping Ltd for misleading advertisements and unfair trade practice, and asked it pay a penalty of Rs 10 lakh.

Logistics start-up Xpressbees raises $300 mn to become 8th unicorn of 2022

Logistics start-up Xpressbees raises $300 mn to become 8th unicorn of 2022

Pune-based logistics start-up Xpressbees has raised $300 million in a Series F funding round, making it the 8th company in 2022 to become a unicorn. The latest fundraise values the firm at $1.2 billion. The funding round was led by private equity funds Blackstone Growth, TPG Growth and ChrysCapital, and includes a primary capital infusion of $100 million and a secondary share sale worth $200 million.

Chinese asset management company CDH Investments made a complete exit in the sale while early investors Elevation Capital and Alibaba booked partial exits.

Bosch net profit rises 27.5% to Rs 234.79 crore in December quarter

Bosch net profit rises 27.5% to Rs 234.79 crore in December quarter

Auto components major Bosch Ltd on Wednesday reported a 27.5 per cent rise in consolidated net profit to Rs 234.79 crore for the third quarter ended December 31.

The company, which had posted a consolidated net profit of Rs 184.15 crore in the same period last fiscal, said it will be investing Rs 2,000 crore in the next five years for localisation of advanced automotive technologies and expanding digital platforms like mobility marketplace and mobility cloud platform.

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