Shares of Aarti Drugs rallied 9 per cent to near five-year high of Rs 813 on the BSE on Thursday in an otherwise weak market on expectation of strong volume growth to continue and reflect in revenue and earnings.

The pharmaceutical firm's stock was trading at its highest level since April 15, 2015. In the past five days, the stock has surged 26 per cent, as compared to 4.4 per cent decline in the benchmark S&P BSE Sensex. The stock hit an all-time high of Rs 874 in April 2015.

Shares of Mahindra CIE Automotive, the automotive components supplier, declined 8.5 per cent to Rs 129 apiece on the BSE on Thursday after the company reported 91 per cent year-on-year (YoY) fall in its consolidated net profit at Rs 12.6 crore for the quarter ended December 31, 2019 (Q3FY19). The company had posted profit of Rs 142 crore in the year-ago period.

Profit before tax (PBT) for the quarter under review stood at Rs 121.5 crore, down 33 per cent against Rs 182 crore logged in the corresponding quarter of the previous fiscal.

TVS Motor Company has strengthened its operations in Central America by forming a partnership with Motomundo SA, one of the largest business groups in Honduras.

As a part of this association, Motomundo SA will facilitate the sales and service of TVS products across all Motomundo stores in the country in a phased manner. Motomundo stores will start with an exclusive outlet for TVS Motor Company and will expand it to three stores in the country within a year.

The death toll in Delhi’s worst-ever communal violence since 1984 rose to 27, with 14 more persons succumbing to injuries sustained in clashes that began over the Citizenship (Amendment) Act on Sunday evening.

After four days, both the Centre and the Delhi government swung into action, with National Security Adviser Ajit Doval and Chief Minister Arvind Kejriwal going to the disturbed parts of the city on Wednesday to rebuild confidence among people.

A special Air India flight carrying 119 Indians and five nationals from Sri Lanka, Nepal, South Africa and Peru, who were on board the coronavirus-hit quarantined cruise ship Diamond Princess, landed in New Delhi on Thursday morning.

India thanked Japanese authorities for facilitating the evacuation of people.

India added more than three dollar billionaires every month in 2019, taking the tally to 138 that has helped the country to feature at the third position globally, says a report.

China and the US occupied the first and second spot with 799 and 626 billionaires, respectively.

In total, India got 34 new billionaires to take the count to 138 on the list, topped by Mukesh Ambani of Reliance Industries with $67 billion in networth, minting Rs 7 crore every hour, and the number jumps to 170 if Indian-origin billionaires outside the country are tallied.

Microsoft on Wednesday lowered its revenue estimates for the current quarter, saying it will feel the impact of the coronavirus epidemic with lower sales of Windows software and Surface devices.

The US tech giant became the latest global firm to warn of a financial hit from the global outbreak of the disease which has killed thousands worldwide.

Banks of the future would be extremely different from now, and regulating the distinct segments of these banks would be a challenging task, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday.

Therefore, an integrated framework for resolution of financial firms operating in India could be expected in the near future as that would add to the resilience of the financial system, Das said at the annual banking event of Mint.

Malaysia's Mahathir returns as interim PM amid political uncertainty

Malaysia's Mahathir Mohamad went back to work on Tuesday with the new title of interim prime minister, a day after he resigned the leadership in a shock move that plunged the country into political turmoil.

The final decision of Adani will, however, depend on the outcome of the due diligence after submission of the EoI. After the EoI process, prospective bidders will get access to data of the airline.

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