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Varun Beverages rallies 5%, hits record high on strong earnings hope

Varun Beverages rallies 5%, hits record high on strong earnings hope

Shares of Varun Beverages (VBL) hit a record high of Rs 805.45, soaring 5 per cent on the BSE in Wednesday's intra-day trade. In comparison, the S&P BSE Sensex was down 0.15 per cent at 52,613 points at 09:22 AM.

The stock has surged 8 per cent in the past two days, in an otherwise a weak market, on expectations of strong earnings.

COAI names Reliance Jio's Pramod Mittal as Chairperson for 2022-23

COAI names Reliance Jio's Pramod Mittal as Chairperson for 2022-23

Industry body COAI on Tuesday named Pramod K Mittal, President of Reliance Jio Infocomm, as the new Chairperson of the association for 2022-23.

Mittal was previously the Vice Chairperson of the Cellular Operators' Association of India (COAI), whose members include Reliance Jio, Bharti Airtel and Vodafone Idea (VIL).

US reports about 88,000 weekly Covid-19 cases in children, says report

US reports about 88,000 weekly Covid-19 cases in children, says report

About 88,000 child Covid-19 cases were reported across the US in the week ending June 9, according to a latest report released by the American Academy of Pediatrics (AAP) and the Children's Hospital Association.

Over 13.5 million children have tested positive for Covid-19 since the onset of the pandemic in the country, and nearly 395,000 of these cases have been added in the past four weeks, Xinhua news agency reported, citing the report.

No plans to exit business, says Metropolis Healthcare promoters

No plans to exit business, says Metropolis Healthcare promoters

Metropolis Healthcare clarified on the stock exchanges that its promoters have no intention to exit the business after rumours were rife that the Shah family is looking to sell its controlling stake to a strategic investor.

The national diagnostic chain said that it is continuously exploring various strategic options and investment opportunities. Thus, it keeps receiving inbound interest from financial institutions and companies for a potential minority stake purchase in Metropolis Healthcare.

Adani, TotalEnergies join hands to invest $50 billion in green hydrogen

Adani, TotalEnergies join hands to invest $50 billion in green hydrogen

French energy major TotalEnergies will pick up a 25 per cent stake in the newly launched Adani New Industries Ltd (ANIL) from Adani Enterprises to jointly build a green hydrogen ecosystem. This is the fourth partnership between the two companies with earlier ones focused on LNG terminals, city gas distribution and solar power.

Adani Enterprises in a public statement said ANIL plans to invest over $50 billion (Rs 3.9 trillion) over the next 10 years in green hydrogen and the associated ecosystems.

National Herald case: Rahul Gandhi questioned by ED for over 10 hours

National Herald case: Rahul Gandhi questioned by ED for over 10 hours

Congress leader Rahul Gandhi was questioned for over 10 hours by the Enforcement Directorate in a money-laundering probe linked to the National Herald newspaper and was called to depose again on Tuesday, as his party protested across the country, alleging that the Centre was targeting the Opposition by misusing agencies.

Gandhi, who appeared before a central probe agency for the first time for questioning, arrived at the ED office at 11.10 am on Monday accompanied by a battery of leaders including sister Priyanka Gandhi Vadra and escorted by armed CRPF personnel. He was given an 80-minute break in the afternoon.

Khattar announces sports academy in Haryana for players from across India

Khattar announces sports academy in Haryana for players from across India

A sports academy will be set up in Haryana to train players from across the country, Chief Minister Manohar Lal Khattar said at the grand closing ceremony of the fourth edition of Khelo India Youth Games held in Panchkula on Monday evening.

He also said that a hostel to accommodate 200 players would be opened in Panchkula.

Reliance Jio hikes JioPhone tariffs by 20 per cent affecting 100 mn users

Reliance Jio hikes JioPhone tariffs by 20 per cent affecting 100 mn users

India's leading telecom company, Reliance Jio, has raised its JioPhone tariffs by 20 per cent, as per media reports.

As per an ET Now report, Jio, which has a subscriber base of over 400 million, has hiked the tariffs for JioPhone by 20 per cent. The company has over 100 million JioPhone users, as per the report.

NCLAT upholds CCI order, asks Amazon to pay Rs 200 cr penalty in 45 days

NCLAT upholds CCI order, asks Amazon to pay Rs 200 cr penalty in 45 days

The National Company Law Appellate Tribunal (NCLAT) on Monday rejected Amazon's plea challenging the decision of fair trade regulator CCI to suspend the approval for the e-commerce major's deal with Future Coupons.

A two-member bench comprising Justice M Venugopal and Ashok Kumar Mishra upheld the findings of the Competition Commission of India (CCI). It directed Amazon to pay the penalty of Rs 200 crore imposed by the fair trade regulator within 45 days from Monday.

Rahul Gandhi appears before ED for questioning in money laundering case

Rahul Gandhi appears before ED for questioning in money laundering case

Congress MP Rahul Gandhi on Monday appeared before the ED here for questioning in the National Herald money laundering investigation.

Gandhi, 51, entered the headquarters of the federal probe agency in central Delhi around 11 AM after he started from the Congress office on Akbar Road accompanied by a large convoy of party leaders including Priyanka Gandhi Vadra, Rajasthan Chief Minister Ashok Gehlot and Chhattisgarh CM Bhupesh Baghel.

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