Shares of Siemens dipped 8 per cent to Rs 2,099 on the BSE in Thursday’s intra-day trade on profit booking after the company reported 250 basis points (bps) decline in earnings before interest, taxes, depreciation, and amortization (ebitda) margin of 10.4 per cent in September quarter (Q4FY21) as against 12.9 per cent in Q4FY20 impacted by higher other expenses, gross margins.

The company has recommended a dividend of Rs 8 per equity share of Rs 2 each (400 per cent) for the Financial Year ended September 30, 2021.

The Indian rupee depreciated by 15 paise to 74.55 against the US dollar in opening trade on Thursday, as a muted trend in domestic equities and a firm American currency weighed on investor sentiment.

At the interbank foreign exchange, the rupee opened on a weak note at 74.55, registering a decline of 15 paise from the last close.

Delhi’s air was polluted Thursday morning a day after the Supreme Court asked the central and state governments to continue with measures to reduce the smog that has lasted for weeks now.

The national capital's Air Quality Index (AQI) was 339 --'very poor'-- at 8 am, according to the state-run System of Air Quality and Weather Forecasting And Research (SAFAR). Readings below 50 are considered safe, while anything above 300 is considered hazardous or 'severe'.

Chhattisgarh Chief Minister Bhupesh Baghel on Wednesday wrote a letter to Prime Minister Narendra Modi demanding that the Centre give a compensation of Rs 4 lakh each to the families of people who have died due to the coronavirus infection, officials here said.

Earlier in the day, Congress leader Rahul Gandhi made a similar demand for compensation and said the central government should provide credible data on COVID-19 deaths.

Reliance Industries Ltd's Board on Wednesday decided to implement a 'Scheme of Arrangement' to transfer the 'Gasification' undertaking into a wholly-owned subsidiary (WOS).

RIL targets to have a portfolio which is fully re-cyclable, sustainable and net carbon zero. This will be achieved by transitioning to high value materials and chemicals with renewables as the source of meeting its energy requirements, the company said in a statement.

Amazon.com Inc has asked India's Supreme Court to pause an expedited review of allegations that the U.S. firm concealed information while seeking antitrust clearance for a 2019 deal with India's Future Group, legal papers seen by Reuters showed.

The Competition Commission of India (CCI) in June accused Amazon of concealing facts and making false submissions when it sought approval for the $200 million investment into a Future unit in 2019, a deal that is now at the heart of protracted legal disputes between the two sides.

Larsen & Toubro (L&T) on Wednesday said it has entered into a pact with the Tamil Nadu government to establish a data centre in the state.

L&T will establish 90 MW capacity data centres and associated units in a phased manner in Kanchipuram over the next five years. The company envisages to employ around 1,100 people -- 600 direct and 500 indirect -- in the project.

The Income Tax Department has detected an estimated undisclosed income of Rs 400 crore after it raided two real estate groups based in Delhi and the national capital region, the CBDT said on Wednesday.

The unidentified groups engaged in construction of commercial and residential projects were searched on November 17.

Shares of Zee Entertainment Enterprises were up 8 per cent at Rs 336.20 on the BSE in Wednesday's intra-day trade, gaining 13 per cent in the past two trading days, after Punit Goenka, MD and CEO of Zee said that merger talks between the company and Sony Pictures Networks India (SPNI) are in final stages of stitching up.

The stock of the broadcasting & cable TV operator inched towards its 52-week high of Rs 362.85, touched on September 23, 2021. The counter saw huge trading volumes today with a combined 21.2 million equity shares having changed hands on the NSE and BSE till the time of writing of this report.

Shares of sugar companies were in focus with most of the frontline companies trading higher by up to 11 per cent on the BSE in Wednesday’s intra-day trade on positive outlook.

Triveni Engineering & Industries, Dhampur Sugar Mills, Balrampur Chini Mills, Dwarikesh Sugar Industries, Uttam Sugar Mills, EID Parry and Avadh Sugar & Energy were up between 3 per cent and 11 per cent on the BSE. In comparison, the S&P BSE Sensex was up 0.32 per cent at 58,850 at 10:44 am.

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