Shares of IndusInd Bank rallied 4 per cent to hit the highest level in over three-and-a half years at Rs 1,443 on the BSE in Wednesday’s intra-day trade after the lender reported healthy performance for the April-June quarter (Q1FY24).

The bank reported a 32.5 per cent year-on-year (YoY) growth in its net profit at Rs 2,124 crore, backed by a 22 per cent YoY growth in advances and steady margins. The bank’s provisions for the quarter ending Q1FY24 stood at Rs 992 crore compared to Rs 1,251 crore during the same period last year.

Nationalist Congress Party (NCP) leader Praful Patel who had earlier attended the opposition meeting in Patna last month, was present at the NDA meeting in Delhi on Tuesday along with Maharashtra Deputy Chief Minister Ajit Pawar.

Soon after attending the meeting Praful Patel said that NCP is an integral part of the national Democratic Alliance and his party will work with the NDA in future.

The report released by US-based short seller Hindenburg in January was a "combination of targeted misinformation and discredited allegations" and a "deliberate and malicious attempt" at damaging the Adani Group's reputation, Gautam Adani said on Tuesday.

Speaking at the group's annual general meeting (AGM), its chief Adani said the report aimed to generate profits from a short-term drive down of the stock prices.

Shares of Panasonic Energy India Company hit a near eight-year high at Rs 427, as they rallied 20 per cent on the BSE in Tuesday’s intra-day trade amid heavy volumes.

In past three trading days, the stock of the company engaged in business of manufacturing dry cell batteries has zoomed 72 per cent from level of Rs 247.55. It now quotes at its highest level since August 2015. The stock had touched a record high of Rs 450 on August 5, 2015.

An eight-fold surge in tomato prices is making some Indian farmers rich, although their windfall gains may be short-lived due to a likely rise in supplies in the coming weeks.

Retail prices of tomatoes were at Rs 178 ($2.20) a kilogram in Delhi on Sunday, a jump of more than 700% from Jan. 1, according to data compiled by the food ministry. The national average was almost Rs120 that day.

Shares of Amara Raja Batteries slipped 6 per cent to Rs 643.40 on the National Stock Exchange (NSE) in Tuesday’s intra-day trade after nearly 18 per cent of the total equity of India’s leading industrial and automotive battery major changed hands.

Till 09:47 AM; around 30.46 million equity shares representing 17.83 per cent of total equity of Amara Raja Batteries changed hands on the NSE, the exchange data shows.

The country’s biggest lender HDFC Bank on Monday reported a 30 per cent jump in its net profit for the quarter that ended on June 30 to Rs 11,952 crore.

The bank’s net revenue grew 26.9 per cent to Rs 32,829 crore in the quarter as compared to Rs 25,870 crore in the same quarter last year. The net interest income during the quarter jumped 21.1 per cent to Rs 23,599 crore from Rs 19,481 crore last year.

India's second-largest software services exporter Infosys said on Monday it has signed a deal with an existing client to provide artificial intelligence (AI) and automation services that will span over five years, with a target spend estimated at $2 billion.

AI and automation-related development, modernization and maintenance services are included in the agreement, the company said in an exchange filing.

Foxconn, a major iPhone assembler for Apple, has proposed to set up a Rs 8,800 crore supplementary plant to that of the unit at Devanahalli Information Technology Investment Region (ITIR) in Karnataka, the state's Large and Medium Industries Minister M B Patil said on Monday.

The Chief Minister Siddaramaiah chaired a high-level meeting with the delegates of Foxconn Industrial Internet (Fii), headed by its CEO, Brand Cheng, in this regard, he said.

The corporate affairs ministry has ordered an inspection of the books of BYJU'S, a senior government official said on Monday amid the edtech major facing multiple headwinds, including delay in submitting financial statements and concerns over corporate governance issues.

The inspection of Bengaluru-based Think & Learn Pvt Ltd, which operates under the brand BYJU'S, will be carried out by the ministry, which is implementing the companies law.

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