Private sector lender Ind­usInd Bank’s consolidated net profit almost doubled year-on-year (YoY) to Rs 1,016 crore in the June quarter compared to Rs 510 crore. Its standalone profit more than doubled to Rs 974.95 crore, aided by lower provisions and higher other income.

Net interest income was up 8 per cent YoY to Rs 3,564 crore, from Rs 3,309 crore in Q1FY21.

Airport De Paris (ADP) and GMR Airports are likely to jointly bid for future airport projects, that is, greenfield, brownfield or management of airports.

Last year, the GMR Group concluded a deal to complete a 49 per cent stake sale in its airport arm to Paris-based Groupe ADP — the operator of Paris airport and one of the largest airport companies in the world — for Rs 10,780 crore.

Walmart-owned Flipkart is working on expanding its 'Pay Later' credit offering and aims to clock 2X growth over the next six months.

Currently, there are over 2.8 million customers who have adopted Flipkart Pay Later and have made more than 42 million transactions on the platform to date.

COVID-19 vaccine for children is likely to be available by next month i.e. August, Health Minister Mansukh Mandaviya is said to have told PM Narendra Modi at a meeting on July 27.

Mandaviya said at the meeting that the government would likely start vaccinating children next month, according to a report by leading portal citing sources.

Shares of pharmaceutical companies were under pressure, with the Nifty Pharma index falling 5 per cent on the National Stock Exchange (NSE) in intra-day trade on Tuesday after Dr Reddy’s Laboratories and Alembic Pharmaceuticals reported a disappointing set of numbers for the quarter ended June 2021 (Q1FY22).

At 02:27 pm, Nifty Pharma, the top loser among sectoral indices, was down 5.1 per cent as compared to a 0.69 per cent decline in the Nifty50 index.

Shares of Inox Leisure soared 15 per cent to Rs 347.50 on the BSE in the intra-day trade on Tuesday on reports that Amazon is potentially looking to buy stake in the Indian film and media business. The stock price of Inox Leisure hit its highest level since January 2021.

At 12:56 pm, the stock was trading 6 per cent higher at Rs 320 on the back of an over 10-fold jump in trading volumes.

The overall global Covid-19 caseload has topped 195 million, while the deaths have surged to more than 4.18 million and vaccinations soared to over 3.84 billion, according to the Johns Hopkins University.

In its latest update on Tuesday morning, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload, death toll and the total number of vaccine doses administered stood at 195,346,146, and 4,182,831, respectively.

Total antibody levels start to wane six weeks after complete immunisation with Pfizer and AstraZeneca vaccines, and can reduce by more than 50 per cent over 10 weeks, according to study published in The Lancet journal.

The researchers from University College London (UCL) in the UK noted that if the antibody levels carry on dropping at this rate, there are concerns that the protective effects of the vaccines may also begin to wear off, particularly against new variants.

A Mumbai court on Tuesday remanded businessman Raj Kundra in 14-day judicial custody in a case related to alleged creation of pornographic films and publishing them through some apps.

Kundra, husband of Bollywood actor Shilpa Shetty, was arrested July 19 by the Mumbai police crime branch under sections of the Indian Penal Code and the Information Technology Act.

India recorded less than 30,000 fresh COVID-19 cases after 132 days while its active caseload fell below 4,00,000 after 124 days on Tuesday, according to Union health ministry data.

India recorded 29,689 new coronavirus infections that pushed its tally of COVID-19 cases to 3,14,40,951 while the death toll climbed to 4,21,382 with 415 daily fatalities, the data updated at 8 am showed.

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