IT stocks were outperforming in trades on Thursday on hopes of strong earings show for the December quarter. The BSE IT index hit a new all-time high at 37,870, and was up a per cent at 37,814, as against a 0.2 per cent rise on the BSE Sensex.

So far in trade on Thursday, CyberTech was the major gainer. The stock had zoomed over 18 per cent to Rs 236. HCL Infosys,Ramco Systems, Tanla Solutions and Suvidhaa Infoserve were the other major gainers, up 4-5 per cent each. Among frontliners, Tech Mahindra, Wipro and HCL Technologies had gained around 1.5 per cent each.

Shares of Kalpataru Power Transmission (KPTL), a leading global EPC player in the power and infrastructure contracting sector, surged 7.2 per cent in intraday trades on the BSE to a high of Rs 382 on Thursday after the company announced large order wins.

According to a release issused by the company to the BSE, the company has secured new orders worth Rs 1,560 crore. The orders are from India, Africa, CIS and South America in the power transmission business.

Delta Corp slipped over 4 per cent in early trade on the BSE to Rs 252.65 following reports that the Goa government imposed fresh restrictions on occupancy rate to entertainment parks including casinos in wake of the Omicron threat.

According to reports, the Goa government on Wednesday has ordered to run Casinos, cinema halls, auditoriums, river cruises, water parks & entertainment parks at a maximum of 50 per cent capacity. The state also restricted the entry of non-vacinated people into Goa.

The year 2021 was one of the most remarkable years for the primary markets. Nearly Rs 1.2 trillion had been mopped up till early December by 66 companies, beating the previous best of Rs 74,035 crore seen in 2017.

New-age companies including Paytm, Zomato, and Nykaa raised approximately Rs 46,800 crore of this amount, cornering approximately 40 per cent of the fund raise.

The price of 10 gram of 22-carat gold decreased by Rs 201 on Thursday, with the rate at Rs 47,010. The price of 10 gram of 24-carat gold increased by Rs 790 on Thursday with the precious metal trading at Rs 49,010.

The price of 1 kg of silver remained unchanged with the precious metal selling at Rs 62,500.

In Delhi, the price of 24-carat gold stands at Rs 51,600, while in Mumbai it is at Rs 49,010, according to the Goodreturns website.

Almost two weeks after a food-poisoning incident at Foxconn’s hostel in Sriperumbudur which led to hospitalisations, protests, and arrests, the company and its local officials were in the line of fire on Wednesday. While Apple said that it has put the Tamil Nadu unit, which manufactures iPhones, on “probation” because its hostels did not meet the American tech giant’s compliance norms, the Taiwanese multinational announced restructuring of the local management team.

State-owned NTPC Limited on Wednesday said it has received around Rs 135 crore as interim dividend from a joint venture company.

In a statement, the power giant said this is the second interim dividend paid by NTPC Tamil Nadu Energy Company Limited (NTECL) in the current fiscal.

Bajaj Auto Ltd on Wednesday said it will set up an electric vehicle manufacturing facility at Akurdi in Pune with an investment of Rs 300 crore.

The facility, for which the work has already commenced, will have the capacity to produce 5,00,000 Electric Vehicles (EVs) per annum and cater to both domestic and exports markets, the company said in a release.

The Drug Controller General of India (DCGI) has given approval to the Hyderbad-based pharmaceutical company Biological E to conduct phase 3 clinical trials of its COVID-19 vaccine Corbevax as a booster dose, said sources.

After detailed deliberation, the Subject Expert Committee recommended granting permission to conduct proposed Phase 3 clinical trials, sources told ANI.

Seven new cases of Omicron variant of COVID-19 have been reported in Hyderabad during the last 24 hours, said the state government on Tuesday.

With this, the tally of Omicron cases in Telangana has reached 62.

As per the state government, 13 of these 62 patients have recovered and have been discharged from the state-run TIMS hospital.

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