State Bank India (SBI) joined the elite club of companies with Rs 4-trillion market capitalization (m-cap) on the BSE on Wednesday after its share price hit a new high of Rs 448.45 in the intra-day trade. The stock of the country's largest state-owned lender surpassed its previous high of Rs 444.35, touched on July 30, 2021.

The bank is scheduled to announce its Q1FY22 results later today. In the past three months, the stock has rallied 27 per cent as compared to a 12.4 per cent rise in the S&P BSE Sensex.

India's COVID-19 tally climbed to 3,17,26,507 on Tuesday with 30,549 more people testing positive for the disease while the active caseload declined after six days, according to Union health ministry data.

The death toll climbed to 4,25,195 with 422 fresh fatalities, the data updated at 8 am showed.

The number of active cases came down to 4,04,958, which comprises 1.28 per cent of the total infections.

Infosys on Tuesday joined the elite club of companies with Rs 7-trillion market capitalization (m-cap) on the BSE after its share price hit a new high of Rs 1,646.40 in the intra-day deals.

The stock of the information technology (IT) consulting & services company has outperformed the market in the past two weeks, by gaining 7 per cent, after Infosys raised its revenue growth guidance for financial year 2021-22 (FY22) buoyed by a robust deal pipeline. In comparison, the S&P BSE Sensex was up 1.5 per cent during the same period.

Shares of Vodafone Idea (VIL) tanked 12 per cent to hit a 52-week low of Rs 7.26 on the BSE in intra-day trade on Tuesday after reports suggested Kumar Mangalam Birla has told the government that he is willing to give up promoter stake in the company.

The stock of the telecom services company fell below its previous low of Rs 7.60 touched on October 19, 2020. It was trading at the lowest level since July 2020. The stock had hit a record low of Rs 2.61 in November 2019.

MG Motor India on Tuesday said it has tied up with digital services provider Jio India for the Internet of Things (IOT) features in its upcoming mid-size SUV.

The automaker, which sells models like Hector and ZS EV, would have integration of IT systems enabled by Jio's IoT solution in the upcoming model.

Digital transformation solutions company UST on Tuesday said its plans to hire over 10,000 new employees globally this year, including in India.

The hiring will focus on Australia, North America (US, Mexico, Canada, Costa Rica) and South America (Chile, Peru, Argentina, Colombia) and Europe (UK, Spain, Germany, Bulgaria, Romania, Ukraine, Austria, Switzerland, Poland, Belgium, Netherlands, Luxembourg), a statement said.

Shares of Orient Cement hit an over three-year high of Rs 169.90, up 5 per cent on the BSE in intra-day trade on Tuesday after the company reported good operational performance for the quarter ended June 2021. Its Ebitda (earnings before interest, taxes, depreciation, and amortization) margins improved 250 basis points (bps) sequentially at 27.25 per cent in Q1FY22. The stock of CK Birla group company was trading at its highest level since January 2018.

By 2030, India might lead the world in every category, a former top America's diplomat has said asserting that the two largest democracies of the world can do much together.

I look out at the year 2030, for example, and I see an India that may lead the world in almost every categorythe most populous nation, the most college graduates, the largest middle-class, the most cell phone and Internet users, along with the third largest military and third largest economy, all coexisting in the world's largest democracy, with 600 million people under the age of 25, Richard Verma said on Monday.

The United Arab Emirates has approved the emergency use of Sinopharm’s coronavirus vaccine for children, joining China in authorizing shots for those as young as three.

The decision to approve the vaccine for children aged three to 17 was based on the results of clinical studies and local evaluation, state-run WAM news agency said on Monday.

Bharat Biotech's Covaxin is effective against the Delta and Delta plus variant, a study by the Indian Council of Medical Research and National Institute of Virology has said.

The study released on Monday showed that Covaxin provides 65.2 per cent protection against the Delta variant which was first detected in India. The Delta variant which has spread to 99 countries is a variant of concern and was also responsible for the second wave in India.

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