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.

Shares of Bayer CropScience hit a 52-week low of Rs 4,677.85, down 7 per cent on the BSE in Tuesday’s intra-day trade after the company reported 31 per cent year-on-year (YoY) decline in net profit at Rs 154.10 crore for the September quarter (Q2FY22). The agrochemicals company had posted net profit of Rs 224.6 crore in Q1FY21.

The previous 52-week low of the stock was of Rs 4,928.25 touched on March 25, 2021. At 01:16 pm; the stock was trading 6 per cent lower at Rs 4,705, as compared to 0.05 per cent decline in the S&P BSE Sensex.

Shares of Tata Motors were up 5 per cent at Rs 509.95 on the BSE in Tuesday’s intra-day trade after the company’s wholly owned subsidiary - Jaguar Land Rover UK reported good operational performance in July-September quarter (Q2FY22). The management said JLR expects to see gradual recovery starting in the second half (October-March) of FY22.

JLR expects the earnings before interest tax (EBIT) margin and free cash flow (before restructuring costs) to turn positive in the second half of Fiscal 2022.

India will always strengthen any effort for sustainable development, Prime Minister Narendra Modi said on Tuesday after Ursula von der Leyen, the President of the European Commission described India as a key partner in combating climate change.

Prime Minister Modi again met Leyen during the COP26 Climate Summit here on Monday. President of the European Council Charles Michel and Leyen had met Modi in Rome on Friday on the sidelines of the G20 Summit.

India added 10,423 new coronavirus cases, the lowest in 259 days, while the active cases declined to 1,53,776, the lowest in 250 days, according to the Union Health Ministry data updated on Tuesday.

With the fresh cases, India's COVID-19 tally climbed to 3,42,96,237.

Sam D'Souza, whose name had cropped up in connection with the pay-off allegations surrounding the drugs-on-cruise case, on Monday claimed that he was told by NCB witness K P Gosavi that no drugs were found in possession of Aryan Khan, son of Bollywood superstar Shah Rukh Khan, during the raid last month.

He also claimed that NCB officials were not corrupt as Gosavi and Prabhakar Sail, an independent witness, were calling each other over the phone by saving NCB Mumbai chief Sameer Wankhade's name in their mobile phones to pretend as if he was in touch with them.

Vice President Venkaiah Naidu on Monday emphasised the need to address the problem of manpower shortage in the medical profession.

He said that the COVID-19 pandemic has highlighted the need for expansion of India's health infrastructure at the primary, secondary and tertiary levels.

Former Maharashtra home minister Anil Deshmukh was arrested by the Enforcement Directorate (ED) late Monday night after over 12 hours of questioning in a money-laundering case linked to an alleged extortion racket in the state police establishment, officials said.

They said Deshmukh, 71, has been arrested as per the provisions of the Prevention of Money Laundering Act (PMLA).

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