Shares of Tata Steel hit a new record high of Rs 1,532 as they rallied 5 per cent on the BSE in intra-day trade on Tuesday after the company reported a consolidated net profit of Rs 8,907 crore in the June quarter (Q1FY22) as against a loss of Rs 4,416 crore in the corresponding period last year on the back of increased revenue and low base on account of Covid-19’s first wave last year.

The stock of the Tata Group company was quoting higher for the fourth trading straight day, having surged 12 per cent during the same period.

The price of 10 gm of 22-carat gold increased by Rs 10 to Rs 46,160 on Monday, amid a recovery in international precious metal prices and rupee depreciation. In the previous trade, the precious metal had closed at Rs 46,150 per 10 grams. Silver was selling at Rs 63,200 per kg, according to the website Good Returns.

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

Homegrown auto major Tata Motors on Monday said it has partnered with Bank of Maharashtra to offer retail financing scheme for its passenger vehicles.

Under the partnership, Bank of Maharashtra will provide loans to Tata Motors' customers at an interest rate starting from as low as 7.15 per cent linked with Repo Linked Lending Rate (RLLR), subject to certain conditions, the company said in a statement.

Shares of Reliance Industries (RIL) were up nearly 3 per cent at Rs 2,202 on the BSE in intra-day trade on Monday on a report that Saudi Aramco is in advanced talks for an all-stock deal to acquire a stake in the company’s oil refining and chemicals (O2C) business. The stock of the Mukesh Ambani-led RIL was trading at its highest level since June 24, 2021. It had hit a record high of Rs 2,368.80 on September 19, 2020.

The Middle Eastern energy firm is discussing the purchase of roughly 20 per cent stake in the Reliance unit for about $20 billion to $25 billion in Aramco’s shares, Bloomberg reported quoting the people with knowledge of the matter. RIL could reach an agreement with Aramco as soon as the coming weeks, the report suggested.

Avenue Supermarts, the owner of D-Mart chain of retail stores, surpassed private sector lender Axis Bank and the construction and engineering giant Larsen & Toubro (L&T) in market capitalisation (market-cap) ranking as the stock of the department stores hit a new high on the BSE in intra-day trade on Monday.

At 11:41 am, with market-cap of Rs 2.36 trillion, Avenue Supermarts stood at the number 16th position in the overall market-cap ranking, ahead of L&T (Rs 2.332 trillion) and Axis Bank (Rs 2.334 trillion), the BSE data shows.

Amidst the ongoing turmoil in Afghanistan, Air India's flight scheduled to Kabul on Monday will not be able to operate as Afghanistan has closed its airspace, the national carrier informed on Monday.

Due to the closure of Afghanistan airspace, flights cannot go there, Air India said.

India's coronavirus caseload mounted to 3,22,25,513 on Monday with 32,937 fresh infections, while the active cases came down to 3,81,947, the lowest in 145 days, according to Union health ministry data.

The death toll climbed to 4,31,642 as 417 more people succumbed to COVID-19, the data updated at 8 am showed.

Cash management company CMS Info Systems has filed preliminary papers with markets regulator Sebi to mop up Rs 2,000 crore through its initial share sale offering.

The company's initial public offer (IPO) is a pure offer for sale by promoter Sion Investment Holdings Pte Limited, an affiliate of Baring Private Equity Asia, as per the draft red herring prospectus (DRHP).

Prime Minister Narendra Modi on Monday paid his tributes to former prime minister Atal Bihari Vajpayee on his death anniversary at the 'Sadaiv Atal' Samadhi in the national capital.

Union Home Minister Amit Shah, Union Defence Minister Rajnath Singh and other Bharatiya Janata Party (BJP) leaders were also present at the memorial.

While the Taliban managed to surround Kabul today, the Afghan President Ashraf Ghani left the country for Tajikistan amid the push for power from terrorists. The head of the High Council for National Reconciliation, Abdullah Abdullah, confirmed the news through a video posted on Facebook. He has further asked the people to keep calm and requested the Afghan security forces to cooperate in ensuring security.

When asked for a comment on the whereabouts of President Ghani, the office said, Cannot say anything about Ashraf Ghani's movement for security reasons.

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