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Tata Motors in focus, surges nearly 8%; Nifty Auto index trades lower

Tata Motors in focus, surges nearly 8%; Nifty Auto index trades lower

Tata Motors surged nearly 8 per cent in the intra-day session on Wednesday. The auto major unveiled a series of cars and commercial vehicles at the Auto Expo 2020. The company launched the much-anticipated Harrier 2020 at an introductory price of Rs 13.69 lakh for Manual and Rs 16.25 lakh for Automatic.

At 01:20 pm, the stock was trading 7.5 per cent higher at Rs 178 apiece on the NSE. It hit a high of Rs 178.8, up around 8 per cent.

BPCL extends rally on reports of Rosneft's interest; surges 13% in 3 days

BPCL extends rally on reports of Rosneft's interest; surges 13% in 3 days

Shares of Bharat Petroleum Corporation (BPCL) were trading higher for the third straight day, up 4 per cent to Rs 500 on the BSE on Wednesday after reports said that Russia's largest oil producer Rosneft was keen to bid for the state-owned oil marketing company.

BPCL has rallied 13 per cent in the past three trading days to hit its highest level since December 17, 2019. It hit an all-time high of Rs 550 in intra-day trade on November 21.

Zee Entertainment slips 7% amid reports govt to probe company's books

Zee Entertainment slips 7% amid reports govt to probe company's books

Shares of Zee Entertainment Enterprises (ZEEL) were under pressure for the second straight day on Wednesday. The stock fell 7 per cent to Rs 229 on the BSE amid media report that the corporate affairs ministry has ordered an inspection of the financials of the company. The stock of broadcasting & cable TV operator has fallen 11 per cent in the past two trading days.

According to a Moneycontrol report, the ministry has ordered an inspection of financials of ZEEL following allegations of corporate governance lapses and after some independent directors quit recently.

Bharti Airtel hits record high as ARPU improves in December quarter

Bharti Airtel hits record high as ARPU improves in December quarter

Shares of Bharti Airtel hit an all-time high of Rs 529, up 2 per cent on the BSE on Wednesday after the telecom operator posted an 8.5 per cent year-on-year (YoY) increase in revenue for the quarter ended December 31, 2019 (Q3FY20), lifted by an improvement in average revenue per user (ARPU). The stock surpassed its previous high of Rs 527.39, touched on October 10, 2007.

The company’s revenue increased by 8.5 per cent YoY to Rs 21,947 crore in Q3FY20, compared to Rs 20,231 crore in the year-ago period. On the operational front, the company posted an improvement in ARPU from Rs 128 to Rs 135, sequentially.

Malaysia says palm oil dispute with India is 'temporary', will be resolved

Malaysia says palm oil dispute with India is 'temporary', will be resolved

Malaysia said on Tuesday that India's move to cut back on palm oil purchases from the Southeast Asian nation is temporary and will be resolved amicably between the two nations.

Last month, India restricted imports of refined palm oil and asked importers to avoid purchases from Malaysia after its criticism of India's actions in Kashmir and a new citizenship law.

Bajaj Auto reports 3% decline in sales at 394,473 units in January

Bajaj Auto reports 3% decline in sales at 394,473 units in January

Bajaj Auto on Tuesday reported 3.1 cent decline in total sales at 3,94,473 units in January.

The firm had sold a total of 4,07,150 units in January 2019, Bajaj Auto said in a statement.

Total domestic sales were down 16.6 per cent at 1,92,872 units as compared to 2,31,461 units in the year-ago month, it added.

Thyrocare Technologies hits 52-week high, surges 28% in two days

Thyrocare Technologies hits 52-week high, surges 28% in two days

Shares of Thyrocare Technologies surged 14 per cent to Rs 689 on the BSE on Tuesday after the company reported a strong operational performance with consolidated earnings before interest, tax, depreciation and amortisation (Ebitda) expanding by 300 basis points in the December quarter (Q3FY20).

The stock of the healthcare services company was quoting at its 52-week high level. Besides, it has zoomed 28 per cent in the past two trading days, as compared to a 2 per cent rise in the S&P BSE Sensex.

Coronavirus declared 'state disaster' in Kerala, hours after third confirmed infection

Coronavirus declared 'state disaster' in Kerala, hours after third confirmed infection

The Pinarayi Vijayan-led Kerala government on Monday declared the Novel Coronavirus (nCoV) epidemic as a state calamity, hours after India reported its third confirmed case of coronavirus infection on this day, once again from Kerala.

Kerala's Health Minister KK Shailaja told news agencies that the decision to declare the epidemic as a state calamity was taken under the directions of Chief Minister Pinarayi Vijayan, who has instructed that all necessary steps be taken to ensure that the outbreak is effectively controlled.

Delhi election is a battle between two ideologies, says Amit Shah

Delhi election is a battle between two ideologies, says Amit Shah

Home Minister Amit Shah on Monday said that the coming Delhi Assembly elections will be a battle between two ideologies.

Your vote to the BJP will ensure security and development for Delhi as well as the country. This election is between two ideologies. At one side there is Rahul Gandhi and Kejriwal who say we are with Shaheen Bagh, he said at a rally in Chirag Delhi.

PNB rises 3% ahead of Q3 results, nod to raise Rs 1,000 crore via bonds

PNB rises 3% ahead of Q3 results, nod to raise Rs 1,000 crore via bonds

Shares of Punjab National Bank rose up to 2.7 per cent to Rs 58.9 on the BSE on Tuesday ahead of its December quarter (Q3FY20) results due later today. Besides, the bank’s Board yesterday approved raising funds through issuance of bonds.

Board of the Bank in its meeting held on February 3, 2020 has granted permission for raising funds through issuance of Basel-III compliant Tier-II Bonds amounting up to Rs 1,000 crore in one or more tranches, the bank said in a regulatory filing.

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