Mortgage lender HDFC on Tuesday launched a spot offer on WhatsApp to provide an in-principle home loan approval for buyers within 2 minutes.

HDFC's Spot Offer on WhatsApp' is a platform that will enable prospective borrowers to get an in-principle home loan approval instantly, the lender said in a statement.

Shares of Aurobindo Pharma were under pressure as it hit new 52-week low of Rs 536.40, down 2.6 per cent on the BSE in Tuesday’s intra-day trade in an otherwise upbeat market. In comparison, the S&P BSE Sensex was up 1.8 per cent or 930 points at 53,904 at 12:23 pm.

The stock of pharmaceutical company slipped 11 per cent in the past one week after the company received six observations from the United States Food and Drug Administration (USFDA) for its Unit VII.

Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey on Tuesday said the weak debut of the country's largest insurer LIC on the bourses was due to unpredictable market conditions and suggested investors to hold on to the stock for long-term value.

LIC on Tuesday listed its shares at a discount of 8.11 per cent at Rs 872 per share on NSE.

Shares of Honda India Power Products hit over four-year high of Rs 1,585.95, after rallying 13 per cent on the BSE in Tuesday’s intra-day trade on expectation of strong earnings. The stock of industrial equipments company traded at its highest level since February 2018. Earlier, it had hit a record high of Rs 1,750 on November 7, 2016.

In the past one month, the stock rallied 25 per cent after its fellow subsidiary Honda Cars India Ltd (HCIL) started production of the upcoming electric hybrid version of its popular sedan, 'City.' In comparison, the S&P BSE Sensex was down 7 per cent during the same period.

The country's largest carmaker Maruti Suzuki India (MSI) on Tuesday said its shareholders have approved the appointment of Hisashi Takeuchi as Managing Director and CEO.

In a regulatory filing, the auto major said 99.89 per cent of votes polled through a postal ballot were in favour of the appointment of Takeuchi as MD and CEO.

Bajaj Electricals on Tuesday reported a 28.73 per cent decline in consolidated net profit at Rs 38.67 crore for the fourth quarter ended March 2022.

The company had posted a net profit of Rs 54.26 crore for March quarter of the previous fiscal year, Bajaj Electricals said in a regulatory filing.

Odisha Mining Corporation (OMC) announced that it will set up five model schools and a skill academy in its operation area.

OMC signed an agreement with Odisha Adarsha Vidyalaya Sangathan to set up five 'Mining Adarsha Vidyalayas'. Besides, it signed a MoU with the Department of Technical Education and Training to establish the Skill Academy at ITI, Koira.

Hyundai Motor India on Tuesday said it has joined hands with Tata Power to set up fast charging electric vehicle infrastructure across its select dealerships in the country.

Under the collaboration, 60 kW DC charging stations will be installed at the company's 34 EV dealerships in 29 cities to cater to all kinds of electric vehicles through Hyundai and Tata Power EZ Charge Mobile App.

International Holding Company PJSC (IHC) of Abu Dhabi on Tuesday completed its Rs 15,400 crore investment transaction in three Adani companies -- Adani Green Energy (AGEL), Adani Transmission (ATL) and flagship, Adani Enterprises (AEL), a statement from Adani said.

IHC has made the Investment via the preferential allotment route. Syed Basar Shueb, CEO and MD of IHC, said, This strategic expansion of our business aligns with IHC's commitment to broadening and diversifying our investment portfolio.

Shares of Life Insurance Corporation of India (LIC) listed at Rs 867.20 on the BSE, a 8.6 per cent discount when compared with its issue price of Rs 949 per share offered to qualified institutions and non-institutional buyers. On the National Stock Exchange (NSE), the stock opened at Rs 872, i.e. 8 per cent lower against its issue price.

The stock of India’s largest insurance provider company also listed 4 per cent below the shares issued at price of Rs 904 to retail individuals and employees and 2 per cent lower against the shares allotted to eligible policyholders at price of Rs 889 per share.

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