Drug firm Ajanta Pharma on Tuesday said its board has approved a share buyback plan of up to Rs 286-crore, wherein the drug maker will buy back shares at a maximum price of Rs 2,550 apiece.

The company's board has approved buyback of up to 11,20,000 fully paid-up shares of face value of Rs 2 each at a price of Rs 2,550 per share payable in cash, Ajanta Pharma said in a regulatory filing.

Tata Consultancy Services (TCS) and Bharti Airtel Limited (Airtel) on Tuesday announced the successful testing of TCS’ neural manufacturing solutions suite on Airtel’s ultra-fast 5G network.

Following the allocation of 5G trial spectrum by the Department of Telecommunications, TCS and Airtel partnered to test use cases from TCS’ neural manufacturing suite of solutions.

Telecom operator Bharti Airtel and IT major Tata Consultancy Services (TCS) have joined hands to build a 5G-based remote working technology using robotics, according to sources.

Both the companies are currently running the trials in Airtel's 5G lab at Manesar, Haryana.

BOC Aviation Limited has delivered the last of eight Airbus A320NEO aircraft to InterGlobe Aviation Ltd (IndiGo) under a purchase-and-leaseback agreement signed earlier this year.

The aircraft is powered by CFM Leap engines, according to a statement.

The price of 10 gram of gold decreased by Rs 70 on Tuesday, with 24-carat gold trading at Rs 48,240 and 22-carat at Rs 47,240.

The price of 1 kg of silver remained unchanged on Tuesday with the precious metal selling at Rs 62,300.

In Delhi, the price of 24-carat gold stands at Rs 51,900, while in Mumbai it is at Rs 48,240, according to the Goodreturns website.

The global coronavirus caseload has topped 281.3 million, while the deaths have surged to more than 5.40 million and vaccinations to over 8.97 billion, according to Johns Hopkins University.

In its latest update on Tuesday morning, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and the death toll stood at 281,368,071 and 5,406,197, respectively, while the total number of vaccine doses administered has increased to 8,972,162,735.

HDFC Bank has tied up with India Post Payments Bank (IPPB) to offer its banking services to the unbanked and underserved segments in semi-urban and rural areas.

A memorandum of understanding was signed between HDFC Bank and IPPB to cater to the majority of over 4.7 crore customer base of IPPB.

About 90 per cent of IPPB customers reside in rural areas, which may benefit from this tie-up.

Vedanta Ltd on Monday said a committee of directors has approved raising up to Rs 1,000 crore through non-convertible debentures (NCDs) on private placement basis.

The meeting was held on Monday, Vedanta said in a filing to BSE.

Britain's early deployment of the Oxford/AstraZeneca vaccine to protect against COVID-19 may be responsible for the country's lower death rates compared to other European countries, a UK vaccines expert has said.

Dr Clive Dix, former chairman of the UK's Vaccine Task Force, told the Daily Telegraph' that the Oxford/AstraZeneca vaccine manufactured and administered in India as Covidshield may offer stronger long-term protection against severe COVID-19 and death.

Shares of Tech Mahindra hit a new high of Rs 1,789.05, up 4 per cent on Monday on the BSE, on expectation of strong December 2021 quarter earnings. In the past one week, the stock of information technology (IT) consulting & software company has rallied 12 per cent, when compared with a 2.8 per cent rise in the S&P BSE Sensex. Thus far in the calendar year 2021 (CY21), Tech Mahindra has zoomed 84 per cent, as against a 20 per cent gain in the benchmark index.

Earlier this month, Accenture had reported strong results for the quarter ended November (Q1FY22) and upgraded its annual guidance by a massive 700bp as it continues to gain from demand for Cloud transformation.

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