The country’s largest pharma player, Sun Pharmaceutical Industries, which has an 8.2 per cent share of the Rs 1.67 trillion Indian market, posted an 11 per cent year-on-year (YoY) rise in consolidated revenues to Rs 9,814.2 crore in Q3FY22, riding on strong growth in its key markets – India and the US.

The net profit for the quarter was Rs 2,058.8 crore. The Ebitda came in at Rs 2,557.4 crore, with a resulting Ebitda margin of 26.1 per cent.

A meeting of the Union Cabinet will be held on Tuesday at 10

After getting the nod from the cabinet, Finance Minister Nirmala Sitharaman will present the Union Budget 2022-23 in a paperless form for the second time on February 1. Earlier, the Union Budget of 2021-22 was delivered in paperless form last year for the first time.

The price of 10 gram of 24-carat gold increased by Rs 90 on Monday with the precious metal trading at Rs 49,090.

The price of 22-carat gold remained unchanged at Rs 45,000.

One kg of silver is selling at Rs 61,200, up Rs 100 from yesterday.

The Election Commission will hold a review meeting on Monday to discuss the existing ban on physical rallies in view of declining Covid cases.

The Union Health Secretary is likely to meet the poll body virtually at around 11 a.m. on Monday. The Health Secretaries of five poll-bound states - UP, Punjab, Uttarakhand, Goa, and Manipur - are also likely to join the virtual meeting.

Prime Minister Narendra Modi on Sunday said India is fighting the new wave of Covid with "great success" and asserted that the people's trust on indigenous vaccines was our strength.

In his monthly 'Mann Ki Baat' radio broadcast, Modi said, Now the cases of corona infection have also started decreasing, this is a very positive sign.

Shares of Bharat Dynamics (BDL) hit a new high of Rs 507.80, on rallying 5 per cent on the BSE in Monday’s intra-day trade ahead of Budget. The stock of state-owned defence company has rallied 27 per cent in the past three weeks, as compared to 4 per cent decline in the S&P BSE Sensex.

At 09:48 am; BDL traded 3 per cent higher at Rs 501, as against a 1.4 per cent gain in the benchmark index. A combined 232,000 equity shares changed hands at the counter on the NSE and BSE.

Shares of Larsen & Toubro (L&T) slipped 2.5 per cent to Rs 1,851 on the BSE in Monday’s intra-day trade after the company reported a 17 per cent year-on-year (YoY) decline in consolidated net profit at Rs 2,055 crore for the December quarter (Q3) as high raw material costs ate into the bottom line even as net sales rose.

The stock of the country’s largest infrastructure company traded lower for the third straight day, down 4 per cent during the period. It had hit a record high of Rs 2,078 on January 18, 2022.

Rating agency ICRA has placed the rating of PTC India Financial Services Ltd (PFS) under watch with negative implications following the resignation of three independent directors of the company.

Such events (resignations) are likely to have a bearing on business operations and investor and lender confidence in the company in the short to medium term. These changes could also impact the ongoing asset quality related resolutions for the company, ICRA said in a statement.

The collapse in the shares of Paytm following India’s largest initial public offering is proving an expensive lesson for the firm’s early backers.

Paytm shares have tumbled 58% since the stock listed on Nov. 18. That’s cut the valuation of its parent One 97 Communications Ltd. to $7.8 billion from $20 billion.

Adani Ports and Special Economic Zone (APSEZ) on Sunday said the company's composite scheme to acquire Sarguja Rail Corridor Pvt Ltd (SRCPL) has been approved by the National Company Law Tribunal (NCLT) and will be effective from the appointed date of April 1, 2021.

APSEZ in a statement said the company will now consolidate all rail assets under a single business entity Adani Tracks Management Services Pvt Ltd.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.