Shares of Gautam Adani-led Adani Group companies continued their upward march with Adani Enterprises and Adani Green Energy hitting respective life-time highs after these two companies along with Adani Transmission announced plans to raise funds.

The boards of directors of these three companies are scheduled to meet on Friday, April 8, 2022 to consider and approve the proposal for raising of funds by way of rights issue, preferential allotment, including a qualified institutions placement or through any other permissible mode and/or combination thereof.

Asian Development Bank on Wednesday projected a seven per cent collective growth for South Asian economies in 2022 with the subregion's largest economy India growing by 7.5 per cent in the current fiscal year before picking up to eight per cent the next year.

Releasing its flagship Asian Development Outlook (ADO) 2022, the Manila-based multi-lateral funding agency said the growth in South Asia is projected to slow to seven per cent in 2022, before picking up to 7.4 per cent in 2023.

Oil companies increased the price of petrol and diesel in Delhi by 80 paise each, marking the 14th such hike in two weeks. Petrol costs Rs 105.41 and diesel Rs 96.67 per litre after the hike.

In Mumbai, petrol and diesel prices cost Rs 120.51 and Rs 104.77, respectively.

Tata group's real estate arm Tata Housing plans to invest around Rs 1,200 crore over the next two years to acquire land outright and through joint ventures across major cities to develop group housing projects as well as for plotted development, which has gained traction amid the COVID pandemic.

In an interview with PTI, Tata Realty and Infrastructure CEO & MD Sanjay Dutt noted that the demand for plots has increased significantly during the pandemic and highlighted that the company has sold all 157 plots in Bengaluru for Rs 130 crore.

Samajwadi Party President Akhilesh Yadav on Tuesday attacked the BJP on the issue of price rise, alleging that the saffron party has become a "company", which is passing on "increased cost" to people without reducing profit.

He also tagged a news report "Cost of living rises in India as companies pass on higher prices" with his tweet.

Shares of Tata Motors gained 3 per cent to Rs 460 on the BSE in Tuesday's intra-day trade, in an otherwise subdued market, gaining 6 per cent in three trading days after the company reported a healthy volumes in the month of March.

The counter witnessed large trading volume with a combined around 12 million shares having changed hands on the NSE and BSE till 10:33 am. In comparison, the S&P BSE Sensex was down 0.39 per cent at 60,377 points.

Dell Technologies India registered a record annual business growth of 64 per cent in the financial year ended December 2021, a senior company official said on Tuesday.

The company's President and Managing Director Alok Ohrie said its demand velocity reflects how businesses continue to prioritise their digital transformation to help meet customer needs and improve productivity.

With 795 new coronavirus infections reported in a day, India's total tally of COVID-19 cases rose to 4,30,29,839, while the active cases dipped to 12,054, according to the Union Health Ministry data updated on Tuesday.

The death toll climbed to 5,21,416 with 58 fresh fatalities, the data updated at 8 am stated.

Ten gram of 24-carat gold became cheaper by Rs 320 on Tuesday to trade at 52,140. The price of silver fell by Rs 200 to Rs 66,600.

Ten gram of 22-carat gold is trading at Rs 47,800 as the price fell by Rs 150.

The price of 10 gram of 24-carat gold in Delhi and Mumbai stood at Rs 52,140.

Shares of SBI Cards and Payment Services dipped 5 per cent to Rs 836 on the National Stock Exchange (NSE) in Tuesday’s intra-day trade after over 3 per cent equity of the company changed hands at the counter via block deals.

Till 09:21 am; around 31.9 million equity shares representing 3.37 per cent equity of SBI Cards changed hands on the NSE, the exchange data shows. The names of the buyers and sellers were not ascertained immediately.

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