Telecom major Bharti Airtel reported a sharp 158 per cent year-on-year (Y-o-Y) jump in net profit — attributable to owners — for the first quarter of financial year 2024-25. This comes amid greater focus on cost efficiencies, rising number of 4G and 5G users, and continued growth in the Wi-Fi category.

Beating industry estimates, the telco’s net profit for Q1FY25 reached Rs 4,159 crore, up from Rs 1,612 crore in the year-ago period. Sequentially, the profit more than doubled. It was Rs 2,071 crore in the previous quarter.

The Delhi High Court made clear that it will deliver its judgment on Delhi Chief Minister Arvind Kejriwal's petitions on Monday. These petitions challenged his arrest and sought bail in connection with the Central Bureau of Investigation (CBI) case concerning the Excise Policy matter.

On Monday, Arvind Kejriwal's legal team mentioned the matter before the bench of Justices Neena Bansal Krishna, urging the court to expedite the decision on his petitions. The bench stated that it scheduled the pronouncement of judgment for 2:30 p.m. on the same day.

Shares of PCBL hit a new high of Rs 390, gaining 3.5 per cent on the BSE in Monday’s intra-day trade amid heavy volumes in otherwise a weak market on healthy business outlook. The stock of RP-Sanjiv Goenka group company has surged 50 per cent in past nine trading days. In past two months, the stock zoomed 86 per cent.

At 10:29 am; PCBL was trading 2.7 per cent higher at Rs 387.25, as compared to 1.8 per cent decline in the BSE Sensex. The average trading volumes on the counter jumped nearly three-fold. A combined 16.84 million equity shares representing 4.5 per cent of total equity have changed hands on the NSE and BSE.

The Rs 1.46 trillion Bajaj Group is preparing to foray into healthcare through a chain of hospitals, according to reports.

The healthcare business venture is likely to be headed by Nirav Bajaj, who currently oversees corporate strategy at Mukand. However, the investment plans have not yet been finalised.

Equity market benchmark indices Sensex and Nifty tumbled in early trade on August 5 in line with extremely weak trends in global markets amid fears of a slowdown in the U.S .economy and foreign fund outflows.

The 30-share BSE Sensex tanked 2,401.49 points to 78,580.46 in early trade. The NSE Nifty tumbled 489.65 points to 24,228.05.

In a setback to the Aam Aadami Party (AAP), the Supreme Court on Monday upheld Delhi Lieutenant Governor's decision to nominate 10 'aldermen' to the Municipal Corporation of Delhi (MCD).

A bench of Chief Justice of India DY Chandrachud and Justices Narasimha, JB Pardiwala said that LG is expected to act as per the statutory mandate and not as per the aid and advice of the Delhi government.

Nearly 100 people, including 14 policemen, were killed and hundreds injured on Sunday in fierce clashes between protesters demanding Prime Minister Sheikh Hasina's resignation and the ruling party supporters in different parts of Bangladesh, forcing authorities to cut off mobile internet and enforce a nationwide curfew for an indefinite period.

Maharashtra Deputy Chief Minister Ajit Pawar, who heads the ruling NCP, on Friday said he would quit politics if the veracity of the reports about him visiting New Delhi in disguise to meet Union Home Minister Amit Shah before his party forged an alliance with the BJP, was proven. But if the reports are found to be wrong, those who made these allegations against him should quit politics, he challenged the leaders from the opposition parties, as he alleged that efforts were on to defame him.

The Securities and Exchange Board of India (Sebi) is considering simpler documents for filing initial public offerings (IPOs), seeking to reduce complexities in the listing process and speed up approvals.

Sebi chairperson Madhabi Puri Buch said on Friday the market regulator is considering "demystified filing" of offer documents that will have a fill-in-the-blank kind of format and a separate section for explaining complexities.

Shares of Neuland Laboratories crossed the Rs 10,000 mark for the first-ever time in intra-day deals on Friday. The stock hit a new high of Rs 11,093.15, on rallyig 18 per cent on the BSE in an otherwise weak market on the back of robust earnings for the June 2024 quarter (Q1FY25). In comparison, the BSE Sensex was down 0.80 per centat 81,196 at 01:50 pm.

In the past two days, the stock of this smallcap pharmaceutical company has surged 27 per cent. It has zoomed 83 per cent in the past two months and has skyrocketed 725 per cent in two years.

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