Sony Group will likely add new technology partners to its electric vehicle (EV) project to help it forge a mobility business to transform cars from transportation machines to entertainment spaces, a Sony executive told Reuters.

An ongoing shift to electric cars, which are easier to build than those with internal combustion engines, is allowing new entrants into vehicle manufacturing. At the same time, autonomous driving and 5G connectivity is expected remold the auto industry by turning cars into mobile platforms for information and entertainment services.

Reliance Retail, a subsidiary of Reliance Industries, saw its net profit jump by 23.4 per cent year-on-year (YoY) to Rs 2,259 crore in the December quarter of financial year 2021-22 (Q3FY22) with cash profit higher by 32 per cent at Rs 3,277 crore.

The company’s revenues increased 53.4 per cent YoY to Rs 50,654 crore in Q3 as gross revenue from all the consumption baskets, excluding petroleum and connectivity, grew by a whopping 90 per cent over the previous year.

Shares of Shoppers Stop hit a 52-week high of Rs 420, on surging 16 per cent on the BSE in Friday’s intra-day trade after the company reported a strong operational performance with earnings before interest, taxes, depreciation, and amortization (ebitda) margins improving by 580 bps year-on-year (YoY) to 19.2 per cent in December quarter (Q3FY22).

The company said EBITDA performance driven by robust demand recovery and tight control on costs, while E-commerce sales continue to grow rapidly, up by 39 per cent. The company is now net debt free again.

The Telangana government has urged Union Finance Minister Nirmala Sitharaman to allocate funds in the union budget 2022-23 for various works taken up under the Municipal Administration and Urban Development Department in the state.

Municipal Administration and Urban Development Minister K.T. Rama Rao wrote a letter to Sitharaman on Thursday, seeking assistance of nearly Rs 8,000 crore for various projects in Hyderabad.

Bharat Biotech on Monday informed that India has supplied another batch of humanitarian assistance consisting of 5,00,000 doses of COVID-19 vaccine, Covaxin to Afghanistan.

Taking to Twitter, Bharat Biotech said, Today, India supplied the next batch of humanitarian assistance consisting of 5,00,000 doses of COVID vaccine (COVAXIN) to Afghanistan. The same was handed over to Indira Gandhi Hospital, Kabul.

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, has reported a 21.96 per cent increase in its standalone revenue from operations at Rs 9,065.02 crore for the third quarter ended on December 31, 2021.

The company had revenue from operations of Rs 7,432.69 crore in the October-December quarter a year ago, Avenue Supermarts informed BSE in a regulatory filing.

The Special Investigation Team (SIT) probing the October 2021 Lakhimpur Kheri violence case, on Monday filed a nearly 5,000-page charge sheet.

Ashish Mishra, the son of Union Minister of State for Home Ajay Kumar Mishra Teni, has been named as an accused in the case.

Ashish Mishra, who has already been arrested, was named as the prime accused in the case, according to sources.

Delhi Health Minister Satyendar Jain on Monday said the latest genome sequencing report shows the Omicron variant of coronavirus has been found in 84 per cent of the samples tested.

He said though there is a spike in new cases, the situation is under control as not many people are developing severe disease or require hospitalisation.

More than 500 employees and ex-employees of IPO-bound OYO have exercised their stock options grants to purchase over three crore shares of the company, according to regulatory filings by the hospitality chain.

These shares have been purchased by the employees and alumni by exercising their vested Employees' Stock Option Plan (ESOPs), as per the filings.

Shares of Tata Consultancy Services hit a 13-week high of Rs 3,824.85, up 2.3 per cent in Monday’s intra-day trade, gaining 4 per cent in the past three trading days on the BSE. The stock of the information technology (IT) consulting & software major was quoting at its highest level since October 8, 2021, when it had hit a record high of Rs 3,990.

TCS on Friday, December 31, 2021, announced that the meeting of the board of directors of the company is scheduled on January 12, 2022 to consider and approve its audited financial results for the quarter and nine months ending December 31, 2021.

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