Shares of IndusInd Bank surged 6.4 per cent to Rs 1,214.90 on the BSE in Thursday’s intra-day trade after the bank posted steady operational performance for the quarter ended September 2021 (Q2FY22), with net interest income (NII) rising by 11.6 per cent year-on-year (YoY) and 2.7 per cent quarter-on-quarter (QoQ) to Rs 3,658 crore on the back of stable margins and sequential pick up in loan growth. Net interest margins (NIMs) for the quarter were stable at 4.07 per cent against 4.06 per cent QoQ.

A surge in Microsoft Corp's shares nearly unseated Apple Inc as the world's most valuable company on Wednesday, a day before the iPhone maker reports its quarterly results.

Fueled by strong quarterly growth in its Azure cloud-computing business, Microsoft's shares jumped 4.2% to end at a record $323.17, elevating the software maker's market capitalization to $2.426 trillion, just short of Apple's $2.461 trillion valuation, according to Refinitiv data.

Facebook Inc has told its employees to preserve all internal documents and communications for legal reasons, as governments and regulators have started inquiries into its operation.

The increased scrutiny comes after former Facebook employee and whistleblower Frances Haugen leaked documents which she said showed the company chose profit over user safety.

Bharti Airtel is estimated to have garnered over Rs 5,200 crore from the first round of payment in its recently-concluded rights issue, as the telco's special committee approved allotment of 39.2 crore equity shares to eligible applicants.

The applicants paid Rs 133.75 per share on application, with the balance sum to be paid in two more additional calls as may be decided by the board, the company said in a regulatory filing.

Adani Enterprises Ltd (AEL) on Wednesday reported a 55.3 per cent decline in consolidated profit at Rs 194.54 crore for the quarter ended September, hit by higher expenses.

The company had posted a consolidated profit of Rs 435.73 crore in the year-ago period, Adani Enterprises said in a filing to BSE.

State Bank of India (SBI) surpassed Bajaj Finance in market capitalisation (m-cap) ranking as the stock of the public sector bank hit a new high on Wednesday. The scrip of the non-banking finance company (NBFC), meanwhile, declined over 4 per cent on the BSE in today's intra-day trade.

At 01:21 pm, SBI stood at number eighth position in the overall ranking with an m-cap of Rs 467,203 crore, while Bajaj Finance slipped to number ninth position with a market cap of Rs 453,674 crore, BSE data shows.

India logged 13,451 new coronavirus infections, taking the total tally of COVID-19 cases to 3,42,15,653, while the active cases declined to 1,62,661, the lowest in 242 days, according to the Union Health Ministry data updated on Wednesday.

The death toll climbed to 4,55,653 with 585 fresh fatalities, according to the data updated at 8 am.

The Delhi Cabinet on Wednesday approved the inclusion of Ayodhya in its free pilgrimage scheme for the elderly, Chief Minister Arvind Kejriwal announced.

Kejriwal had on Tuesday offered prayers at the Ram Janambhoomi site in Ayodhya.

The announcement by Kejriwal comes ahead of the Uttar Pradesh Assembly polls early next year which his AAP plans to contest.

Leading textile manufacturer Arvind Ltd on Wednesday reported a consolidated net profit of Rs 71.06 crore for the second quarter ended September 2021, helped by volume growth across segments.

The company had posted a net loss of Rs 5.86 crore during the corresponding quarter of the previous financial year, Arvind said in a regulatory filing.

Telecom operator Bharti Airtel's CEO has warned customers about rising cases of cyber-frauds, citing a recent instance of a fraudster who posed as company executive and under the guise of updating KYC form, tricked a user into revealing bank details to transfer large amount from the bank account.

In an email outreach to subscribers, Gopal Vittal, CEO of Airtel urged users to be vigilant against such cases of cyber fraud that are becoming alarmingly frequent.

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