PB Fintech, the parent company of recently listed online insurance aggregator Policybazaar, saw its net loss in the December quarter (Q3) jump 55 per cent to Rs 297 crore, compared to the year-ago period. Meanwhile, the company recorded a revenue growth of 73 per cent to Rs 367 crore in the same period.

While the company’s insurance premiums (through Policybazaar) grew by 68 per cent to Rs 1,796 crore in Q3, credit disbursals (through Paisabazaar) rose 94 per cent to Rs 1,926 crores. Adjusted EBITDA (non GAAP) was a loss of Rs 92 crore, reflecting investment in new initiatives and brand advertising.

Shares of Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) hit a 52-week high at Rs 523.25, on rallying 15 per cent on the National Stock Exchange (NSE) in Monday’s intra-day trade in an otherwise subdued market after the company reported best ever quarterly performance in the December quarter (Q3FY22).

The stock of fertilizer and chemical company surpassed its previous 52-week high of Rs 518.20 touched on October 6, 2021. At 09:58 am; the stock was up 12 per cent at Rs 511.30, as compared to 0.63 per cent decline in the Nifty 50 index.

The price of 10 gram of 24-carat gold remained unchanged on Monday, with the yellow metal trading at Rs 49,200.

The price of 22-carat gold also remained unchanged at Rs 45,100.

One kg of silver is selling at Rs 60,900, down Rs 100 from yesterday.

India on Monday reported 83,876 fresh COVID-19 cases that took its total tally to 4,22,72,014, according to Union health ministry data.

The death toll climbed to 5,02,874 with 895 more fatalities, the data updated at 8 am stated.

The number of active cases in the country declined further to 11,08,938, comprising 2.62 per cent of the total infections.

West Bengal Chief Minister Mamata Banerjee to begin her two-day visit to Uttar Pradesh on Monday to support Samajwadi Party chief Akhilesh Yadav for upcoming state assembly elections that are scheduled to be held in seven phases beginning from February 10.

The chief minister will reach the state today at around 5.20 pm and hold a press conference at the Samajwadi Party office on Tuesday and will appeal to people to support SP in the Uttar Pradesh assembly polls.

The global coronavirus caseload has topped 394.7 million, while the deaths have surged to more than 5.73 million and vaccinations to over 10.05 billion, according to Johns Hopkins University.

In its latest update on Monday morning, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and the death toll stood at 394,757,639 and 5,738,898, respectively, while the total number of vaccine doses administered has increased to 10,050,544,827.

Authorities in China's southwestern city of Baise ordered residents to stay at home from Monday and avoid unnecessary travel as they enforced curbs that are among the toughest in the nation's tool-box to fight rising local infections of COVID-19.

The outbreak in Baise, which has a population of about 3.6 million and borders Vietnam, is tiny by global standards, but the curbs, including a ban on non-essential trips in and out, follow a national guideline to quickly contain any flare-ups.

Veteran actor Madhuri Dixit shared a heartfelt tribute to late legendary singer Lata Mangeshkar who left for her heavenly abode on Sunday.

Taking to her Twitter handle, the actor wrote, The angelic voice that made us all swoon and fall in love has gone to the heavens to spread that love. Hearing Lata Tai's melodies over the years, remembering her image in 2 choti's & that childlike attribute has left like an imprint that will never ever leave our hearts.

Ujjivan Small Finance Bank (SFB) will in three to six months raise up to Rs 600 crore in fresh equity capital from institutional investors for increasing public holding to 25 per cent and support business growth.

The board of directors has approved the issuance of equity shares up to Rs 600 crore—that includes premium through Qualified Institutional Placement subject to the approval of the shareholders, the company told the BSE.

Eight months after its headhunter failed to find any suitable candidate for top job at ONGC, the government will deploy a sparingly used committee approach to find a new chairman and managing director of India's top oil and gas producer.

Most board level appointments at public sector companies are done on the basis of recommendations of the Public Enterprise Selection Board (PESB) but the government headhunter had in June last year did not find anyone suitable from nine candidates, including two serving IAS officers, to head Oil and Natural Gas Corporation (ONGC).

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