Realty firm Macrotech Developers saw a "minor" impact on housing demand in the first two weeks of January this year due to surge in COVID cases and remains confident of meeting the Rs 9,000-crore sales bookings target for this fiscal, its MD & CEO Abhishek Lodha said.

Macrotech Developers markets its properties under the Lodha brand. It is developing projects in the Mumbai region and Pune.

Indian IT services firms may have outpaced their US counterparts and emerged as the most valued brands globally according to Brand Finance Global 500, 2022, but Indian conglomerates’ ranking appears to be slipping.

Though the Tata Group continues to be the only Indian representative among the top 100 most valued brands globally, its ranking has slipped by one position to 78 this year, from 77 last year.

Despite low absolute risk, there is an increased relative risk of carditis -- a type of heart inflammation -- associated with Covid vaccine developed by US drugmaker Pfizer and China's CoronaVac, researchers have found.

The findings, published in Annals of Internal Medicine, show a significant increased risk in adolescents after the second dose.

Delhi Chief Minister Arvind Kejriwal on Tuesday said that the COVID-19 positivity rate in the national capital has reduced by 20 per cent in the last 10 days and added that the restrictions will soon be lifted.

COVID positivity rate has reduced by 20 per cent in the span of last 10 days. Today it's about 10 per cent, opposed to 30 per cent positivity rate on January 15. All of this is because of the consistent pace of vaccination, Kejriwal said while addressing a program in Delhi.

After being over three lakh for five consecutive days, the single day rise in COVID-19 infections was recorded at 2,55,874, taking India's total tally of cases to 3,97,99,202, according to Union health ministry data updated on Tuesday.

The death toll has climbed to 4,90,462 with 614 daily fatalities, the data updated at 8 am stated.

Shares of Deepak Nitrite dipped 9 per cent to Rs 2,150 on the BSE in Tuesday’s intra-day trade after the company reported a 500 basis points (bps) contraction in its consolidated earnings before interest tax and depreciation and amortisation (EBITDA) margins at 22 per cent in the December quarter (Q3FY22).

The company said that the operating environment was challenging, characterized by rising costs and constraints in supply of inputs.

Shares of Reliance Industries (RIL) were down 3 per cent at Rs 2,305 on the BSE in Tuesday’s intra-day, falling 7 per cent in the past two trading sessions, despite the company’s clarification on loan of Rs 750 crore granted to Shapoorji Pallonji Company by its arm Reliance Ventures Limited (RVL).

A sharp decline in stock price has seen, RIL’s market capitalisation decline by Rs 1.17 trillion in past two trading days.

The price of 10 gram of gold increased by Rs 130 on Tuesday, with 24 carat trading at Rs 49,650 and 22 carat at Rs 47,520.

One kg of silver is selling at Rs 64,700, down Rs 200 from yesterday.

In Delhi, the price of 24-carat gold stands at Rs 51,980, while in Mumbai it is at Rs 49,650, according to the Goodreturns website.

Capital markets regulator Sebi on Monday barred 14 entities for indulging in insider trading and ordered impounding ill-gotten gains of Rs 2.94 crore in the matter of Lux Industries Ltd.

Those banned by Sebi include Udit Todi, the son of the managing director of Lux, and is currently holding the post of executive director in the company, according to an interim order.

Plastic products maker Supreme Industries Ltd on Monday reported a 21.31 per cent decline in consolidated profit to Rs 245.72 crore for the quarter ended in December 2021.

The company had posted a net profit of Rs 312.28 crore during the October-December quarter of the previous fiscal, Supreme Industries Ltd said in a regulatory filing.

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