India's COVID-19 tally reached 3,43,08,140 with a single-day rise of 11,903 cases, while the number of active cases declined to 1,51,209, the lowest in 252 days, according to the Union Health Ministry data updated on Wednesday.

The death toll has climbed to 4,59,191 with 311 daily fatalities, the data updated at 8 am showed.

Shares of Larsen & Toubro (L&T) rallied 4.3 per cent, hitting a record high of Rs 1,895 on the BSE in Wednesday’s intra-day trade on expectation of strong orders inflows as the management indicated tender pipeline remains strong at Rs 6.83 trillion, largely from infra and Hydrocarbon.

The stock of construction & engineering giant surpassed its previous high of Rs 1,884.90 touched on October 19, 2021. In past one week, the stock has gained 6 per cent, after the company posted a healthy operational performance for the quarter ended September 2021 (Q2FY22).

The price of ten grams of 24-carat gold on Wednesday increased by Rs 110 to Rs 47,850 from Tuesday's trading price. The price of silver increased by Rs 300 per kg from Tuesday's price to Rs 64,700.

In Delhi, the rate of 24-carat gold stands at Rs 51,200 and in Mumbai it is Rs 47,850. Ten grams of 22-carat gold in Delhi and Mumbai costs Rs 46,950 and Rs 46,850.

Bank of India’s net profit zoomed 99.89 per cent year-on-year (YoY) to Rs 1,051 crore for the second quarter of Q2FY22 on improvement in non-interest income and fall in the provisions for bad loans.

The public sector bank had posted a net profit of Rs 526 crore in the year-ago quarter. Sequentially, net profit was 45.97 per cent from Rs 720 crore a year ago.

Country's largest public lender, State Bank of India (SBI), on Wednesday reported a 67% rise in net profit at Rs 7,627 crore for the July-September quarter of fiscal year 2021-22 as against Rs 4,574 crore in the corresponding period of last year. This, as provisions for bad loans more than halved.

Total income increased 3% at Rs 77,689 crore as against Rs 75,342 crore in year-ago period. Provisions for bad loans slid 52% to Rs 2,699 crore, while the bank's gross bad loan ratio, a measure of asset quality, slipped to 4.90% from 5.32% a quarter earlier.

Zee Entertainment on Wednesday announced November 11 as board meeting date to announce earnings.

The company, which has been immersed in a legal battle with its largest shareholder, had cancelled October 27 board meet citing lack of quorum.

Adani Power on Wednesday said that it has got National Company Law Tribunal (NCLT) approval to acquire Essar Power's 1,200 MW thermal power project in Mahan, Madhya Pradesh.

NCLT, Principal Bench at New Delhi, in its order dated November 01, 2021, approved the resolution plan submitted by Adani Power Ltd for acquisition of EPMPL (Essar Power M P Ltd), a company undergoing insolvency resolution under the Insolvency and Bankruptcy Code, Adani Power stated in a BSE filing.

Naveen Jindal-led Jindal Ste­el & Power (JSPL) on Tuesday reported a consolidated net profit of Rs 2,584 crore for Sept­ember quarter as against Rs 837 crore in the corresponding period last year at a low base.

The company’s bottom line in June quarter stood at Rs 2,543 crore.

Bharti Airtel on Tuesday rang up a consolidated net profit of Rs 1,134 crore for the quarter ended September 30, beating estimates, aided by improved operational performance and exceptional income.

Brokerages had expected Bharti Airtel to show impressive sequential growth in net profit for the July-September quarter (Q2FY22) on the back of a steady subscriber base and tariff hikes in select pre- and post-paid plans.

State-run Bank of India on Tuesday reported nearly 100 per cent jump in its net profit at Rs 1,051 crore in quarter ended September 2021.

The bank had posted net profit of Rs 526 crore in the same period a year ago.

Net profit for Q2FY22 stood at Rs 1,051 crore, up by 99.89 per cent year-on-year, the bank said in a regulatory filing.

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