Shares of Bajaj Finance gained 2 per cent to hit an intra-day high of Rs 5,059 on the BSE on Tuesday after the consumer financier said its asset under management (AUM) grew 4 per cent in the March quarter of FY21 to Rs 1.53 trillion. It's AUM was Rs 1.47 trillion at the end of Q4FY20.

The company's customer franchise as of 31 March 2021 stood at 48.6 million, up by 14.08 per cent from 42.6 million as of 31 March 2020.

Gold price on Tuesday rose to Rs 48,450 for 10 gm from Rs 47,180 and silver price trending at Rs 65,000 per kg, according to the Good Returns website.

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

Shares of Panacea Biotec were locked in the upper circuit of 20 per cent at Rs 220.85 on the BSE in Tuesday's session after the company and the Russian Direct Investment Fund (RDIF) agreed to produce 100 million doses of Sputnik V vaccine in India per year.

Till 09:19 am, a combined 384,000 equity shares had changed hands on the counter and there were pending buy orders for around 180,000 shares on the NSE and BSE. In comparison, the S&P BSE Sensex was down 0.29 per cent at 49,017.

Global rating agency Standard and Poor’s has raised the credit rating of Tata Steel and its subsidiary ABJA Investment Co from ‘B+’ to ‘BB-‘ on deleveraging and strong operating momentum. Tata Steel Ltd's debt level is expected to decline materially in the next two years due to a strong cash flow and the company's stated intention to reduce debt.

In the base-case scenario, Tata Steel's adjusted debt could decline by about 30 per cent by March 2023 from the March 2020 level of about Rs 1 trillion, leading to steady improvement in credit metrics.

Walmart-owned Flipkart has partnered with Mahindra Logistics to accelerate use of electric vehicles in last mile delivery and will deploy over 25,000 EVs in the fleet by 2030, according to a regulatory filing.

The Mahindra Group's logistics arm has already launched an electric last mile delivery service - EDEL - in six cities and has partnered with companies in consumer and e-commerce space to provide such services.

In a significant development, President Ram Nath Kovind on Tuesday (April 6) appointed Justice NV Ramana as the next Chief Justice of India, with effect from April 24, 2021.

Justice Ramana is scheduled to retire on August 26, 2022. It may be recalled that in March incumbent Chief Justice of India Justice SA Bobde had recommended Justice Ramana as his successor. CJI Bobde is due to retire on April 23.

Kolkata: After Assam, another case has been revealed in West Bengal regarding the Electronic Voting Machine (EVM). Just a day before the Assembly polls in the state, EVMs were found outside the TMC Leader's house on Uluberia North Assembly seat in Howrah district late Monday night. When the local people informed the police, the election officials swung into action.

Several sealed EVMs were found kept outside the house of TMC leader Gautam Ghosh.

Polling in the Assembly Elections for four states and one union territory began on Tuesday amid tight security and COVID-19 guidelines. At 7 am, voting for the final phase in Assam and the third phase in West Bengal, began. Voting also started for the single-phase polling in Kerala, Puducherry and Tamil Nadu.

The Supreme Court Monday stayed the Karnataka High Court order which directed a trial court to proceed against Karnataka Chief Minister B S Yediyurappa in a corruption case of allegedly denotifying some land to benefit private parties.

A bench headed by Chief Justice S A Bobde, hearing the Chief Minister's appeal against the high court order rejecting his plea seeking quashing of the criminal case, issued the notice and stayed the proceedings against him.

Shares of Infosys hit a fresh record high of Rs 1,425 after rising nearly 3 per cent on the BSE in intra-day trade on Monday, which propelled the company's market capitalisation (market-cap) beyond Rs 6 trillion mark. The stock surpassed its previous high of Rs 1,406.25, touched on March 16, 2021.

At 10:01 am, Infosys was trading 2 per cent higher at Rs 1,411.80, with a market-cap of Rs 6.01 trillion, the BSE data shows. In comparison, the S&P BSE Sensex was down 2 per cent or 1,030 points at 48,999. In the past two months, Infosys has outperformed the market by surging 12 per cent, against 3 per cent decline in the benchmark index.

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