Shares of TCI Express hit a new high of Rs 925, up 6 per cent on the BSE on Monday in an otherwise subdued market after Finance Minister Nirmala Sitharaman on Saturday proposed to set up Kisan Rail in public-private-partnership (PPP) mode for cold supply chain to transport perishable goods.

TCI Express is a prominent player in the express logistics industry providing Door-to-Door express distribution services.

In a major bureaucratic reshuffle in Telangana, as many as 50 IAS officers, including Collectors, have been transferred.

Chief Electoral Officer Rajat Kumar has been posted as Principal Secretary to Irrigation and Command Area Development Department, a government order (GO) issued on Sunday.

India's electricity supply rose 3.25 per cent during the month of January after five straight months of decline, provisional government data showed, in a relief for power producers.

Power supply rose to 106.36 billion units in January, up from 103.01 billion units last year, an analysis of daily load despatch data from state-run Power System Operation Corp Ltd (POSOCO) showed.

Hinduja group flagship firm Ashok Leyland on Monday reported 39.9 per cent decline in total vehicles sales at 11,850 units in January.

The company had sold 19,741 units in the same month last year, Ashok Leyland said in a regulatory filing.

Total domestic vehicles sales stood at 10,850 units in January against 18,533 units in the year-ago period, registering a decline of 41.4 per cent.

BJP's Kapil Mishra, who was pulled up by the Election Commission recently, has given another controversial statement saying the Aam Aadmi Party should rename itself to Muslim League.

Taking to Twitter, Mishra said that the party considering Umar Khalid, Afzal Guru, Burhan Wani, terrorists as its father is afraid of Yogi Adityanath and should rename itself to Muslim League.

Prime Minister Narendra Modi on Monday will address his first rally for the Delhi elections in Karkardooma. The rally will be held at the CBD ground at around 2 PM today.

The PM, who is BJP's star campaigner for the Delhi Assembly polls, will address another rally in southwest Delhi's Dwarka on Tuesday. "One rally of the Prime Minister will be held in East Delhi at Karkardooma on February 3. The other rally will be held in Dwarka on February 4," a senior party leader had said.

ITC continued to bleed for the second consecutive day on Monday, after the Finance Minister, while presenting Union Budget 2020-21 on Saturday, proposed to increase the National Calamity Contingency Duty (NCCD) on cigarettes, hookah, chewing tobacco, snuff and tobacco extracts and essence. The stock slipped over 5 per cent and hit a fresh 52-week low of Rs 207.20 apiece on the BSE.

Stocks of other cigarette and tobacco manufacturers shares also declined in trade. While Godfrey Phillips India slipped over 4 per cent to Rs 1086.50, VST Industries fell over 2 per cent to Rs 4,128 levels.

The death toll in China's coronavirus epidemic soared to 361 with 57 deaths on Sunday alone while the number of confirmed cases climbed to 17,205, Chinese health officials announced on Monday.

China's National Health Commission in its daily report on Monday said that 2,829 new cases of coronavirus were reported nationwide on February 2, taking the total number of infection to 17,205.

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) were trading higher for the seventh straight day, up 10 per cent to Rs 1,328 on the BSE on Saturday. The stock has rallied 17 per cent in the past two trading days.

IRCTC, the government-owned travel support services company, was trading at its highest level since market debut on October 10, 2019.

Indian shares got off to a choppy start in a special trading session on Saturday ahead of the annual budget when Finance Minister Nirmala Sitharaman is expected to unveil a raft of measures to revive a sagging economy.

In early trade shares slipped in reaction to an overnight shakeout in global markets on growing concerns about the economic impact of the coronavirus outbreak in China, but focus is set to shift to the domestic budget.

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