Shares of Bharat Dynamics soared 16 per cent to Rs 263 apiece on the BSE in an otherwise weak market after the company reported a robust net profit of Rs 188 crore in December 2018 quarter (Q3FY19). The state-owned defence company had a profit of Rs 6.18 crore in the year-ago quarter.

The company’s operational revenue during the quarter under review grew 26 per cent to Rs 1,038 crore against Rs 822 crore in the corresponding quarter of previous fiscal.

Shares of Dr Reddy’s Laboratories turned volatile falling 30 per cent to Rs 1,873 apiece, also its 52-week low on the National Stock Exchange (NSE), after media reported Jefferies, in its research note, said that the Form 483 issued by US Food and Drug Administration (US FDA) to drug firm’s Bachupally plant contains four repeat observations out of the total 11 observations.

At 11:14 am; Dr Reddy’s Laboratories was trading 7 per cent lower at Rs 2,474, recovering 32 per cent from its early morning low on the back of heavy volumes on the NSE.

India on Friday withdrew the Most Favoured Nation (MNF) status accorded to Pakistan a day after 39 CRPF personnel were killed in the deadliest terror attack on security forces in Jammu and Kashmir's Pulwama.

At a security review meeting, Prime Minister Narendra Modi said those behind the terror attack would pay a "very heavy price" for the "huge mistake". Union Minister Arun Jaitley said the government has decided to take all possible diplomatic steps to ensure Pakistan's global isolation and that India has withdrawn Most Favoured Nation status to the country.

Prime Minister Narendra Modi on Thursday said that those who have targeted India and attacked the CRPF soldiers in Jammu and Kashmir will have to pay a heavy price. Speaking at a train inauguration event in Delhi, he said the neighbour (Pakistan) thinks that terror attacks can weaken India, but they will not be successful.

My condolences to families of those martyred in Pulwama attack, those behind the terror strike will be punished, Modi said and and urged the world to come together to crush terrorism.

GMR Infrastructure Limited has said it suffered Rs 561.04 crore loss for the quarter ended December 31, 2018 against Rs 578.40 crore loss for the same quarter in FY18.

According to a regulatory notice filed Thursday night, the infra major said the total income during the quarter under discussion stood at Rs 2,119.87 crore down from Rs 2,276 crore in Q3FY18.

Facebook Inc. is in talks with US regulators over alleged privacy violations that could force the social-media giant to pay billions of dollars in a record-breaking settlement, according to two people familiar with the matter.

The US Federal Trade Commission’s consumer-protection staff and the company are in discussions that could lead to a resolution of the agency’s investigation into whether Facebook violated a 2011 settlement with the FTC, said the people, who declined to be identified because the matter is confidential.

At least 37 CRPF personnel were killed and five injured on Thursday in one of the deadliest terror attacks in Jammu and Kashmir when a Jaish suicide bomber rammed a vehicle carrying over 100 kg of explosives into their bus in Pulwama district, officials said.

The CRPF headquarters in Delhi issued a statement late night to state the figures even as CRPF officials and Jammu and Kashmir police sources had earlier put the death toll at 39.

Union Power Minister, RK Singh on Wednesday said “The power sector is witnessing an increased demand which is further expected to go up in the near future. The current consumption of 1200 units per capita is expected to grow 2-3 times at par with the international consumption after each and every individual of the country has access to electricity.”

Telecom regulator TRAI on Wednesday asserted that operators cannot charge TV viewers more than their usual monthly outgo under the ‘best fit plan’ to be offered during the transition period, and cautioned that the regulator will take action on any such complaint.

“TRAI has clearly asked distribution platform owners (DPOs) to ensure that for consumers, the monthly outgo under the best fit plan should not exceed the payout per month of existing plan of the subscriber,” TRAI Secretary SK Gupta told PTI.

New Delhi: Punjab National Bank (PNB), one of the leading public sector banks on Wednesday has stated that it has chosen to put more than 4,000 properties on e-auction all over India as portion of its loan recovery effort, reported by IANS.

As per the bank, activity under the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act (SARFAESI) will offer assistance in accomplishing recovery of Rs 26,000 crore amid current Financial Year 2018-19.

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