Shares of Asian Paints slipped around a per cent in the early trade on Wednesday ahead of its December quarter results due later in the day. Most analysts expect the paint major to report double-digit growth in its net profit on yearly basis while softer crude prices are expected to aid gross margin expansion of the company.

Analysts at KR Choksey see sales (revenue) growing 8.31 per cent year-on-year (YoY) to Rs 5,734 crore. Sequentially, the numbers are expected to rise 13.5 per cent.

Shares of Zee Entertainment Enterprises skid 4 per cent to Rs 272.45 on the BSE on Wednesday after the broadcasting company put up a weak December quarter (Q3FY20) show. It's profit before tax (PBT) declined 37 per cent to Rs 510.8 crore, coupled with a cut of 16 per cent in advertising revenue at Rs 1,230.8 crore.

For the quarter under review, the company posted a consolidated net profit of Rs 349.4 crore, as against profit of Rs 562.4 crore in the corresponding quarter of the previous fiscal.

Shares of Bharti Airtel were up 2 per cent to Rs 524 on the BSE on Wednesday after the Department of Telecom (DoT) approved raising foreign direct investment (FDI) in the company to 100 per cent from 49 per cent allowed earlier.

The telecom services provider's stock was trading at its highest level since October 15, 2007. It touched its all-time high of Rs 527 on October 10, 2007.

The Shiv Sena on Tuesday said Maharashtra Chief Minister Uddhav Thackeray should not be blamed for the uncalled for controversy over the birthplace of Saibaba as nobody can tell whether the 19th century saint was actually born in Shirdi.

Noting that the Saibaba Sansthan's assets are worth over Rs 2,600 crore out of which social works are done, an editorial in Sena mouthpiece Saamana said Shirdi became rich because of the saint, and none can snatch away the richness of the town where he died.

Shares of Info Edge (India) climbed as much as 3.36 per cent to hit a high of Rs 2,676 apiece on the BSE in the intra-day trade on Tuesday after food aggregator Zomato signed a definitive agreement to acquire Uber Eats, Uber's food delivery business in India, in an all-stock transaction.

Info Edge has a stake in Zomato, which upon closing of the said acquisition, will reduce to about 22.71 per cent on fully converted and diluted basis, it said in a regulatory filing.

The Supreme Court on Tuesday agreed to list next week the fresh pleas of telecom firms, including Bharti Airtel, Vodafone Idea and Tata Teleservices, seeking a fresh schedule of payment of statutory dues to the tune of Rs 1.47 lakh crore to the Department of Telecommunications.

A bench headed by Chief Justice S A Bobde took note of submissions by a battery of senior lawyers including A M Singhvi and C A Sundaram and said it will list the fresh pleas "sometime in next week" before the same bench which had heard the earlier petition in the high-stake matter.

Shares of Century Textiles & Industries gained 3 per cent to hit a fresh 52-week high of Rs 553 on the BSE on Tuesday amid expectations of improved financial performance in the second half of the current financial year (H2FY20). The company is scheduled to announce Q3FY20 results on January 28, 2020.

The stock of the BK Birla Group company has zoomed 40 per cent in the past three months, after it turned ex-date on October 11, 2019 for the demerger of cement division and its merger into UltraTech Cement.

Gold prices jumped in the future markets on MCX as a new strain of pneumonia in China could hamper economic growth. Also, theInternational Monetary Fund (IMF) has trimmed its 2019 growth forecast for India to 4.8 per cent from its October projection of 6.1 per cent.

MCX gold rose Tuesday morning due to flight to safe-haven by the international trade community.

The BJP on Tuesday released the second list of candidates for the Delhi Assembly polls, fielding state Yuva Morcha President Sunil Yadav from the New Delhi constituency against Chief Minister Arvind Kejriwal.

The list was announced after midnight following the announcement of Siromani Akali Dal (SAD) to not contest the Delhi polls in alliance with the BJP due to its stand on the Citizenship Amendment Act.

Startups from India with innovative technologies in the aerospace, civil aviation and air services are expected to pitch for support to industry heavyweights such as Airbus and Boeing at the Singapore Air Show 2020 next month, the organisers said.

The Singapore Air Show would be organised from February 11-16 and will witness the participation of some 65 top aerospace and defence companies.

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