Shares of Indian Hotels Company were up 3.3 per cent to Rs 226.45 on the BSE in Friday's intra-day trade. The surge comes ahead of the company's board meeting to decide issue price of qualified institutional placement (QIP), scheduled later today. The stock traded close to its record high level of Rs 230.14 touched on October 14, 2021.

The stock of the Tata Group company traded higher for fourth day in a row. Earlier, the stock had rallied 10 per cent after its QIP committee approved the issue on March 22, 2022 and proposed to mobilize around Rs 2,000 crore through QIP and has fixed floor price at Rs 203.48 per share.

IBM India announced a collaboration with the Nagaland School Education department to introduce digital powered training in more than 250 secondary and higher secondary schools across 15 districts in the northeastern state.

The programme IBM Stem (Science, Technology, Engineering and Math) for Girls programme aims to provide 21st-century skills to more than 12,000 girls, a statement said on Thursday.

Vadodara based drug maker Alembic Pharmaceuticals is now running exhibit batches at its Karkhadi facility (F3) to keep the plant alive and humming, while it awaits a final go-ahead from the US drug regulator.

“This way, once the plant is cleared by the US Food and Drug Administration (USFDA) we will be able to file applications for double the number of products than we would have usually.

Bharti Airtel has prepaid Rs 8,815 crore of spectrum dues to cut down on interest expenses.

The dues pertained to spectrum acquired in 2015 and payments for same were due in FY2027 and FY2028, the telecom company announced on Friday.

This is the second such prepayment by the company in the last three months and comes on the back of strong cash flow generation, equity infusion and borrowing at significantly lower interest rates.

Food robotics company Mukunda Foods has raised $8 million in a funding round led by Zomato, taking the company's post-money valuation to $30 million. Zomato invested $5 million as part of the funding round.

The company had previously raised funds from Ncubate Capital, Singapore Angel Network, and Indian Angel Network. The company plans to utilise funds to expand its reach across QSRs, cloud kitchens and the fine dine segment. The company also plans to use a part of the raised capital to introduce services to help the F&B businesses scale.

Shares of Shree Pushkar Chemicals & Fertilisers hit a 52-week high of Rs 301.10, on rallying 11 per cent on the BSE in Thursday’s intra-day trade in an otherwise choppy market on expectations of strong earnings. The company is an integrated dye manufacturing solution company with a diversified product portfolio of dyestuffs, dye intermediates, acids, fertilisers and animal feed additives.

In the past one month, the stock has zoomed 51 per cent as compared to a 5 per cent gain on the S&P BSE Sensex. The stock had hit a record high of Rs 338 on January 10, 2018.

The Supreme Court on Thursday refused to accord urgent hearing on the pleas challenging the Karnataka High Court verdict which dismissed the petitions seeking permission to wear hijab inside the classroom and stated that the headscarf is not a part of the essential religious practice in Islam.

A bench comprising Chief Justice N V Ramana and Justice Krishna Murari denied the request of senior advocate Devadatt Kamat who mentioned the matter seeking urgent listing saying that examinations are going on.

With 1,938 new coronavirus infections being reported in a day, India's total tally of cases rose to 4,30,14,687, while the active cases further declined to 22,427, according to Union health ministry data updated on Thursday.

The death toll has climbed to 5,16,672 with 67 daily fatalities, the data updated at 8 am stated.

Shares of Suven Pharmaceuticals hit a record high of Rs 617 on rallying 5 per cent on the BSE in Thursday’s intra-day trade in otherwise subdued market. In comparison, at 10:41 am, the S&P BSE Sensex was down 0.13 per cent at 57,608 points. The shares of the company have surged 18 per cent in the last three days on expectations of strong earnings.

In the past three months, Suven Pharma has outperformed the market by soaring 30 per cent, as against less than a per cent rise in the Sensex benchmark index.

Shares of L&T Finance Holdings dipped 7 per cent to Rs 82.65 on the BSE in Thursday’s intra-day amid heavy volume on profit booking. At 09:52 am; the stock was down 5 per cent at Rs 84.25, as compared to a 0.09 per cent decline on the S&P BSE Sensex. A combined 33 million equity shares changed hands in the first 35 minutes of trade on the NSE and BSE.

In the past five trading sessions, the stock of L&T Group zoomed 37 per cent after its promoter Larsen & Toubro (L&T) purchased 55.75 million equity shares representing 2.3 per cent stake of L&T Finance Holding via open market purchases.

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