Telecom major Bharti Airtel’s net profit dipped 2.8 per cent year on year to Rs 830 crore in the October-December quarter (Q3) of 2021-22. In the same period last year, the company had posted a net profit of Rs 854 crore. Its operational performance was better than Street estimates, but the net profit fell short of expectations, mainly because of higher tax outgo.

The company’s revenue for the quarter grew 12.6 per cent to Rs 29,867 crore on a year-on-year (YoY) basis. The average revenue per user (Arpu) rose 6.5 per cent sequentially and 11.6 per cent YoY to Rs 163 due to an increase in mobile tariffs in late November.

The global coronavirus caseload has topped 397 million, while the deaths have surged to more than 5.74 million and vaccinations to over 10.07 billion, according to Johns Hopkins University.

In its latest update on Tuesday morning, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and the death toll stood at 397,053,590 and 5,749,136, respectively, while the total number of vaccine doses administered has increased to 10,071,840,408.

The price of 10 gram of 24-carat gold increased by Rs 50 on Tuesday, with the yellow metal trading at Rs 49,250.

The price of 22-carat gold is selling at Rs 45,200, up Rs 100.

One kg of silver is selling at Rs 61,600, up Rs 700 from yesterday.

Just days ahead of the Punjab Assembly polls, Dev D fame Mahie Gill and Punjabi movie actor Hobby Dhaliwal on Monday joined the BJP here.

Apart from Dev D, Gill has worked in the movie, Saheb, Biwi Aur Gangster.

Gill said she wanted to do something for girls in Punjab and felt confident that she could do it with the BJP only.

The IPO of Vedant Fashions, India’s leading ethnicwear maker, was subscribed 21 per cent on Monday, a day before its close.

The retail portion of the issue was subscribed 31 per cent, while institutional and wealthy investor portions were subscribed 11 per cent and 9 per cent, respectively.

Karnataka Chief Minister Basavaraj Bommai on Monday requested the Centre to extend the GST compensation for a period up to 2024-25.

Bommai presented the request when he called on Union Finance minister Nirmala Sitharaman in New Delhi on Monday.

The period of GST compensation, being paid by the Union government, is set to end in March 2022.

Budget euphoria is slowly fading away on Dalal Street as global headwinds stare in the eye.

Geo-political tensions involving Ukraine and Russia, coupled with fear of easy money drying up amid soaring inflation, are giving a rude reality check to stock market investors.

Yesterday, the BSE Sensex plunged over 1,300 points in intra-day trade while the Nifty50 slipped below the 17,150 level.

Battery maker LG Energy Solution Ltd (LGES) said on Tuesday it aims to boost sales by about 8% in 2022, seeing a pick-up in market conditions for electric vehicle (EV) batteries as a global chip shortage likely eases later in the year.

The newly listed South Korean firm, which accounts for a fifth of the global EV battery market, swung to profit in the October-December quarter, even as the chip shortage affecting automakers led to weaker than expected demand for batteries.

India's Livspace said on Tuesday it crossed the billion-dollar valuation mark after raising $180 million in a late-stage funding round led by KKR & Co, as it looks to double down on international expansion and take on local competitors.

The home renovation platform is the 86th "unicorn" from India, according to Venture Intelligence Unicorn Tracker, in a period of record funding in Indian start-ups that saw 43 firms join the club last year alone.

Telecom gear company Huawei has bagged an around Rs 150 crore order for maintenance of Bharti Airtel's transmission network, a source said on Monday.

The order is part of an existing deal between Huawei and Airtel and is in compliance with the National Security Directive on Telecommunication that allows continuation of old contracts.

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