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ITC gains 2% on better than expected December quarter results

ITC gains 2% on better than expected December quarter results

Shares of ITC gained another 2 per cent at Rs 238.50 on the BSE in Friday’s intra-day trade, extending its past seven-day rally to 11 per cent as the company reported a better-than-expected December quarter results (Q3FY22). The stock had hit a 52-week high of Rs 265.30 on October 18, 2021.

At 09:39 am; ITC erases its intra-day day gain and was down 0.50 per cent at Rs 233.15, as compared to 0.06 per cent rise in the S&P BSE Sensex. The counter has seen huge trading volumes, with a combined 26.4 million equity shares changing hands on the NSE and BSE.

Global Covid-19 caseload at 387.5 million, fatalities at 5.71 million

Global Covid-19 caseload at 387.5 million, fatalities at 5.71 million

The global coronavirus caseload has topped 387.5 million, while the deaths have surged to more than 5.71 million and vaccinations to over 10 billion, according to Johns Hopkins University.

In its latest update on Friday morning, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and the death toll stood at 387,549,471 and 5,710,191, respectively, while the total number of vaccine doses administered has increased to 10,009,952,737.

No relief for Delhi as air quality remains 'very poor' despite light rain

No relief for Delhi as air quality remains 'very poor' despite light rain

Delhi's air was 'very poor' on Friday morning: a level of pollution regarded to have widespread effects among the general population and more serious effects in members of sensitive groups.

The overall Air Quality Index (AQI) was at 313, according to the state-run System of Air Quality and Weather Forecasting And Research (SAFAR).

PM Modi waiting for 'achhe din' as China abducts Indian citizens: Rahul

PM Modi waiting for 'achhe din' as China abducts Indian citizens: Rahul

Congress leader Rahul Gandhi targeted Prime Minister Narendra Modi on Thursday, alleging that he is silently waiting for "achhe din" as China is abducting and torturing Indian citizens.

"China first captured our land and is now abducting our citizens and torturing them. Modiji is silently waiting for achhe din. Shameful," he said in a tweet In Hindi.

Godrej Properties slumps 10% as board approves investment in DB Realty

Godrej Properties slumps 10% as board approves investment in DB Realty

Shares of Godrej Properties slumped 10 per cent to Rs 1,502.35 in Friday’s intra-day trade after its board approved an investment of Rs 400 crore in DB Realty (DBR), to acquire around 10 per cent stake through the issue of warrants. The stock of the Mumbai-based real estate firm has tanked 16 per cent in the past two trading sessions. The company had after reported a subdued December quarter results as its pre-sales volumes declined 7 per cent year-on-year/ 39 per cent on a sequential basis.

At 09:27 am; Godrej Properties traded 7 per cent lower at Rs 1,556, as compared to 0.10 per cent gain in the S&P BSE Sensex.

Amazon unveils advertising business larger than Google's YouTube

Amazon unveils advertising business larger than Google's YouTube

Amazon pulled the veil off its sprawling advertising business for the first time on Thursday, revealing a business larger than that of Google's YouTube.

Amazon reported ad revenue of $9.7 billion for the fourth quarter, up 32% from last year, and $31 billion for the year.

YouTube posted $28.8 billion in ad revenue for 2021.

Rakesh Jhunjhunwala's Akasa airline to lure staff with stock options

Rakesh Jhunjhunwala's Akasa airline to lure staff with stock options

Akasa, a new Indian airline backed by billionaire Rakesh Jhunjhunwala, plans to offer stock options to attract staff, using a lure more often deployed by technology startups in its bid to gain a foothold in one of the world’s most competitive air-travel markets.

The carrier, which is preparing to start flying in late May, is taking the unusual approach of granting company shares to a bigger pool of top employees, rather than a select group of senior executives, as the aviation industry globally suffers from a talent shortfall.

Bosch to invest over Rs 1,000 cr in localisation of advanced auto tech

Bosch to invest over Rs 1,000 cr in localisation of advanced auto tech

Technology and services supplier Bosch, which has completed 100 years of its presence in the Indian market, has said it will invest more than Rs 1,000 crore in the localisation of advanced automotive technologies over the next five years.

Besides, the company also launched its mobility marketplace to provide its mobility-related assets under one platform.

Dr Reddy's Laboratories inks agreement to acquire Nimbus Health GmbH

Dr Reddy's Laboratories inks agreement to acquire Nimbus Health GmbH

Dr Reddy's Laboratories on Thursday said it has inked a pact to acquire Germany-based Nimbus Health GmbH.

The drug major said it has entered into a definitive agreement to acquire the company which is a privately owned, licensed pharmaceutical wholesaler focusing on medical cannabis in Germany.

Nokia India sales fall 15% to 250 million euro in December quarter

Nokia India sales fall 15% to 250 million euro in December quarter

Telecom gear maker Nokia on Thursday reported a 15 per cent decline in India sales to 250 million euro (about Rs 2,113 crore) in the December 2021 quarter.

The company had recorded net sales of 294 million euro a year ago.

For the full year ended December 2021, the company's sales in India grew by 9 per cent to 1,039 million euro from 954 million euro at the end of 2020.

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