Shares of Sonata Software rallied 9 per cent to Rs 884.05, also its new high on the BSE in intra-day trade on Thursday after the company reported a strong 74 per cent year-on-year (YoY) jump in consolidated net profit at Rs 86.7 crore for the first quarter of the financial year 2021-22 (Q1FY22). On a sequential basis, the profit grew by 4 per cent from Rs 83.1 crore in Q4FY21.

The company’s consolidated revenues grew 33 per cent YoY and 18 per cent quarter-on-quarter (QoQ) to Rs 1,268 crore.

State Bank of India (SBI), on Wednesday, reported 55.24 per cent year-on-year increase in standalone net profit at Rs 6,504 crore for April-June quarter (Q1FY22), meeting Street expectations. The net profit in the year-ago period was Rs 4,189.4 crore.

Analysts, on average, projected profit after tax (PAT) to rise anywhere between 33-63 per cent, up to Rs 6,841 crore.

The price of 10 gm of 22-carat gold slipped by Rs 420 on Wednesday to trade at Rs 46,960. Silver was selling at Rs 67,600 per kg, down Rs 250 compared to yesterday, according to the website Good Returns.

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

Congress leader Priyanka Gandhi Vadra on Wednesday attacked the Yogi Adityanath dispensation over the killing of an Ayurvedic doctor in Sitapur, saying the security system for the common people is in a poor state and the Uttar Pradesh government is not doing anything except indulging in false propaganda.

In Sitapur, UP, a doctor was hacked to death by criminals who stormed his clinic, she said.

Mohalla Tech, the parent of short video app Moj and Indic language social media platform ShareChat, announced a multi- year agreement with India's largest music label T-Series.

The partnership allows ShareChat and Moj to access an extensive catalog of Indian music and provide an enhanced experience to its creator communities.

Chief Justice of India (CJI) N V Ramana on Wednesday recused himself from hearing the plea of Andhra Pradesh which alleged that Telangana has deprived it of its legitimate share of drinking and irrigation water from River Krishna.

The bench, which also comprised Justice Surya Kant, took note of the submissions of the counsel appearing for Andhra Pradesh that the state wanted adjudication of the case by the apex court bench instead of opting for mediation.

Shares of Housing Development Finance Corporation (HDFC) were up 4 per cent at Rs 2,649.75 on the BSE in intra-day trade on Wednesday, gaining 9 per cent in the past three trading days after the housing finance company (HFC) reported a steady performance for the quarter ended June 2021 (Q1FY22). The stock was trading higher for the fourth straight day.

India’s biggest mortgage lender HDFC on Monday reported a 1.6 per cent year-on-year (YoY) decrease in standalone net profit at Rs 3,001 crore for the April-June quarter of FY22 (Q1FY22) on the back of lower other income and higher tax and employee expenses.

With 42,625 people testing positive for the coronavirus infection in a day, India's total tally of COVID-19 cases rose to 3,17,69,132 and the active caseload increased to 4,10,353, according to data updated by the Union Health Ministry on Wednesday.

The death toll climbed to 4,25,757 with 562 fatalities.

Congress leader Rahul Gandhi on Wednesday met the family of the minor girl who was allegedly raped, murdered, and cremated without her parents' consent in Delhi's Old Nangal crematorium.

Sharing a report on the incident, Rahul Gandhi on Tuesday tweeted, The daughter of a Dalit is also the daughter of the country.

The reproduction number of coronavirus has increased beyond one in eight states across the country with the health ministry sounding cautious that the second wave of the epidemic was still raging.

The R or the reproduction number indicates the average number of new infections generated by one infected person during the entire infectious period. When this number is more than one, it indicates a spread of infection. India’s R number currently is 1.2, which is the same as the US, Canada, and Australia.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.