Zensar Technologies on Monday said its net profit declined 7.8 per cent to Rs 91 crore for the December 2021 quarter.

It had posted a net profit of Rs 98.7 crore in the year-ago period, Zensar Technologies said in a statement.

Its revenue, however, rose 21.6 per cent to Rs 1,102.5 crore in the reported quarter from Rs 906.5 crore in the year-ago period, it added.

Komaki Electric Vehicles on Monday announced the launch of its first battery-powered cruiser motorcycle Ranger and e-scooter Venice in the domestic market priced at Rs 1.68 lakh and Rs 1.15 lakh (ex-showroom), respectively.

The two new vehicle models, which have been launched on the company's website, will be available at all Komaki dealerships from January 26, it said in a release.

India logged 3,06,064 new coronavirus infections taking the total tally of COVID-19 cases to 3,95,43,328, while the active cases climbed to 22,49,335, the highest in 241 days, according to the Union Health Ministry data updated on Monday.

The death toll has climbed to 4,89,848 with 439 fresh fatalities, the data updated at 8 am stated.

Shares of Vodafone Idea dipped 5 per cent to Rs 11.03 on the BSE in Monday's intra-day trade after the company's losses widened 59.5 per cent to Rs 7,230 crore in Q3FY22 on a year-on-year (YoY) basis amid fall in revenue and subscribers. In the same period last year, the company had posted a loss of Rs 4,532 crore.

With today's decline, the stock of the telecom services provider has corrected 33 per cent from its 52-week high of Rs 16.79 touched on December 10, 2021.

Shares of PTC India Financial Services Ltd fell as much as 8.3% on Monday after India's market regulator directed the non-banking financial company over the weekend to address corporate governance issues before holding any board meeting.

The Securities and Exchange Board of India (SEBI) also asked PTC India Financial to file an action-taken report in four weeks, the company said.

Shares of HDFC Life Insurance hit a 52-week low of Rs 623, down 3 per cent on the BSE in Monday’s intra-day trade after the company reported a lower-than-expected 3.3 per cent year-on-year (YoY) rise in net profit at Rs 273.7 crore for the quarter ended December due to a decline in income from investment.

The stock of the private insurance firm fell below its previous low of Rs 627 hit on December 20, 2021. At 12:54 pm, it was down 2.2 per cent at Rs 627, as compared to a 2.12 per cent decline in the S&P BSE Sensex at 57,785 points.

The Supreme Court Monday asked the Delhi Metro Rail Corporation (DMRC) and the Reliance Infrastructure's subsidiary, Delhi Airport Metro Express Pvt Ltd (DAMEPL) to appear before the Delhi High Court on January 31 and request it to hear the dispute relating to execution of the over Rs 4,600 crore arbitral award to DAMEPL at the earliest.

A bench of Justices L Nageswara Rao and B R Gavai said the hearing on the execution application does not brook any further delay as it is detrimental to the interest of both the parties.

Global engineering and product development digital services firm Tata Technologies on Monday said it will hire over 3,000 innovators over the next 12 months under its expanded talent acquisition programme.

The company plans to ramp up its workforce in all major markets globally and India, which includes Maharashtra, Karnataka, Tamil Nadu, among others, Tata Technologies said in a statement.

Cyient Limited, an Indian engineering and technology solution provider for more than two dozen Fortune 500-companies, plans to sell stakes in units that are underperforming.

“We are aggressively considering what makes sense in our portfolio,” Cyient Managing Director Krishna Bodanapu said in an interview to Bloomberg TV on Monday. “We are a bit complex and one of the objectives for this calendar year is to simplify things and divest out of businesses that do not make sense for us.”

Ola Electric on Monday said it has raised over USD 200 million (about Rs 1,490.5 crore) from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others, valuing the electric vehicle maker at USD 5 billion.

In September last year, Ola Electric had announced raising a similar amount in funding from Falcon Edge, Softbank and others that had valued the company at USD 3 billion (about Rs 22,272 crore).

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