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Ajanta Pharma zooms 8% to fresh 52-week high on strong Q3 results

Ajanta Pharma zooms 8% to fresh 52-week high on strong Q3 results

Shares of Ajanta Pharma rallied 8 per cent to a fresh 52-week high of Rs 1,879.45 on the BSE on Wednesday after reporting a 64 per cent rise in its consolidated net profit to Rs 177 crore for the quarter ended December 2021, mainly on account of robust sales.

Consolidated revenue from operations of the company stood at Rs 749 crore for the quarter under consideration. It was Rs 651 crore for the same period a year ago, the company said in a BSE filing.

Bharti Airtel gains 3%, hits record high ahead of December quarter results

Bharti Airtel gains 3%, hits record high ahead of December quarter results

Shares of Bharti Airtel hit a fresh record high of Rs 616.45, up 3 per cent on the BSE on Wednesday ahead of its October-December quarter (Q3FY21) results, scheduled to be relessed later today. The stock of the telecom services provider surpassed its previous high of Rs 611.70, touched on May 20, 2020.

On January 31, the company announced that the board of directors, in its meeting scheduled on Wednesday, February 03, 2021

LIC employees protest against Centre's disinvestment proposal, oppose move

LIC employees protest against Centre's disinvestment proposal, oppose move

Life Insurance Corporation (LIC) employees on Tuesday opposed the government's proposal of disinvestment of the corporation and protested against the decision in Coimbatore.

During the Union Budget on Monday, Finance Minister Nirmala Sitharaman said that the initial public offering of LIC will be brought in through requisite amendments in the session itself.

Centre says CAA rules under preparation, no decision on nationwide NRC yet

Centre says CAA rules under preparation, no decision on nationwide NRC yet

The rules for Citizenship (Amendment) Act, that was notified in December 2019 and came into force with effect from January 10, 2020 are under preparation, Union Minister of State for Home Affairs told Lok Sabha on Tuesday.

In a written reply, the minister said that the committees have granted an extension till April 9 and July 9 to frame the rules.

World's richest man Jeff Bezos to step down as Amazon CEO

World's richest man Jeff Bezos to step down as Amazon CEO

Jeff Bezos, the billionaire founder of Amazon, will step down as the Chief Executive of the eCommerce major, the company announced on Tuesday (local time).

Bezos, who founded Amazon 27 years ago, will transition to the role of executive chairman in the third quarter of 2021, as per a report in The New York Times. Andy Jassy, CEO of Amazon Web Services, the company’s cloud computing business, would take over as CEO of Amazon.

Weather update: Temperature to fall again, heavy rain likely in these states including Delhi-UP

Weather update: Temperature to fall again, heavy rain likely in these states including Delhi-UP

People in northern India will once again face lower temperatures as the Meteorological Department has forecast cold weather for the next few days in the northern and central part of India. The India Meteorological Department (IMD) has said that the minimum temperature is likely to increase in most areas of Northwest and Central India during the next three to four days.

According to the IMD, it is expected to rain between February 3 to 5. Due to the Western disturbance, a cyclone is forming over Afghanistan.

Bajaj Auto logs 8% rise in sales in Jan, two-wheeler export up by 30%

Bajaj Auto logs 8% rise in sales in Jan, two-wheeler export up by 30%

Bajaj Auto Ltd on Tuesday reported an 8 per cent increase in total sales at 4,25,199 units in January.

The company had sold 3,94,473 units in the same month last year, Bajaj Auto said in a statement.

Total two-wheeler sales were at 3,84,936 units as against 3,32,342 units in the year-ago month, a growth of 16 per cent.

Gold price rises to Rs 49,450 per 10 gm, silver trending at Rs 73,000 a kg

Gold price rises to Rs 49,450 per 10 gm, silver trending at Rs 73,000 a kg

Gold price on Tuesday jumped to Rs 49,450 from Rs 48,960, while the silver price was trending at Rs 73,000 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.

Tata Motors rallies 11% as domestic PV sales nearly double in Jan

Tata Motors rallies 11% as domestic PV sales nearly double in Jan

Shares of Tata Motors rallied 11 per cent to Rs 311 on the BSE in Tuesday's intra-day trade after the company retained positive momentum and reported a 15 per cent month-on-month (MoM) and 94 per cent year-on-year (YoY) growth in domestic passenger vehicles (PV) sales at 26,978 units during the month January 2021.

The stock of Tata group commercial vehicles (CVs) company was trading at its highest level since June 2018.

Air Force set to get this lethal combat aircraft as US govt approves sale to India

Air Force set to get this lethal combat aircraft as US govt approves sale to India

Weeks after assuming office as the 46th President of the US, Joe Biden has extended a hand of friendship towards India. Biden has approved to give state-of-the-art combat aircraft F-15EX to the Indian Air Force and soon, the IAF will be flying America's most advanced combat aircraft.

Maria Laine, vice president of International Strategic Partnerships for Boeing Defense, confirmed the development.

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