Walmart-owned digital payments firm PhonePe has approached the Bombay High Court seeking an injunction to restrain its rival Resilient Innovations (BharatPe) from misusing PhonePe's registered trademarks by using and promoting the marks 'PostPe' / 'postpe'.

During the hearing, the Hon'ble Court observed that the mark PostPe adopted by Resilient Innovations is so phonetically, structurally and visually similar to PhonePe mark that he also thought that PostPe/postpe is a natural evolution of the word PhonePe and emanated from PhonePe, said PhonePe spokesperson in response to a query on Friday.

FSN E-Commerce Ventures, operator of Nykaa beauty stores, has fixed the price band of Rs 1,085-Rs 1,125 for its maiden public share sale. The initial public offering (IPO) will remain open on October 28 and close on November 1.

At the top-end, the beauty startup will be valued at Rs 53,200 crore ($7 billion).

Congress General Secretary Priyanka Gandhi on Friday launched a scathing attack on the Centre over the issue of inflation, saying the income of 97 per cent household has declined.

Taking to Twitter, she said: "When you buy petrol and diesel, remember that Modi government has earned 23 lakh crore through tax.

Shares of TVS Motor Company soared 10 per cent to Rs 632.85 on the BSE in Friday’s intra-day trade on back of heavy volume after the company reported highest ever revenue, earnings before interest, tax, depreciation and amortization (ebitda) for the quarter ended September 2021 (Q2FY22).

The stock of two and three-wheeler manufacture had hit 52-week high of Rs 665.70 on May 27, 2021. At 10:35 am, it was trading at Rs 617.50, up 7 per cent on the BSE, as compared to 0.65 per cent rise in the S&P BSE Sensex. The trading volume at the counter more than doubled with a combined 11.2 million equity shares changing hands on the NSE and BSE.

Multiplex chain operator Inox Leisure on Friday reported widening of consolidated net loss at Rs 87.66 crore for September quarter 2021-22 as its film exhibition business was impacted due to restrictions imposed after the second wave of COVID-19.

The company posted a net loss of Rs 67.83 crore for July-September period a year ago, Inox Leisure said in a BSE filing.

Shares of IRB Infrastructure Developers (IRB Infra) surged 16 per cent to scale a fresh 3-year high in intra-day trade on Friday. The stock has zoomed as much as 39 per cent in the last three days on the back of company's fund raising plans. The stock of roads & highways construction company was trading at its highest level since May 2018.

At 09:52 AM, IRB Infra was trading 12 per cent higher at Rs 273.15 on the BSE, as compared to 0.58 per cent rise in the S&P BSE Sensex.

Shares of the Indian Energy Exchange (IEX) rallied 10 per cent to Rs 832.85 on the BSE in Friday’s intra-day trade, after the company posted strong earnings for the second quarter ended September 2021 (Q2FY21) and also announced bonus shares in the ratio of 2:1.

At 09:30 am; the stock, however, had pared some of its opening gains and was trading 4 per cent higher at Rs 789.15 on the BSE. In comparison, the S&P BSE Sensex was up 0.60 per cent at 61,286.

Ten gram of 24-carat gold was on Friday selling at Rs 47,460, down Rs 10 from yesterday’s trading price. Silver was at Rs 65,300 per kg, down Rs 200 from yesterday’s trading price, according to the Good Returns website.

Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

The government is currently finalising guidelines to export refurbished weapons and equipment to friendly foreign countries, Defence Minister Rajnath Singh told a parliamentary committee meeting on Thursday.

The old weapons and equipment of the Indian armed forces will be first refurbished by the defence industry and then exported to friendly foreign countries, the minister said in Bengaluru during a meeting of Parliamentary Consultative Committee on Defence, according to officials.

In a meeting with World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala, the country's top vaccine manufacturers on Thursday raised concerns regarding excess capacity of Covid-19 jabs created during the pandemic.

With the outbreak of the pandemic, vaccine manufacturers have rapidly created capacities to meet demand. Going ahead, manufacturers are concerned about excess capacity and how it can be utilised, said a person in the know, adding that similar concerns have been raised by manufacturers of other countries as well.

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