At the Ghazipur border, the epicentre of the farmers’ protests, smiles have replaced angry faces and there are jalebis instead of banners in the hands of the people gathered there. It’s sweet victory for the farmers — and it has come after more than a year of agitation against the three controversial farm laws.

“Jalebi batt rahi hai; aaj Gurpurab hai,” says a beaming 63-year-old Gurpal Singh. “They (the central government) called us Khalistani, Pakistani, and Afghanistani, but today, by agreeing to repeal these draconian farm laws, the Prime Minister Narendra Modi has accepted that the laws which he used to call ‘white as milk’ were indeed black,” says Singh.

ABB Power Products & Systems India on Friday announced its rebranding as Hitachi Energy India Ltd.

"Following the recent rebranding of its parent company to Hitachi Energy, its operations in India today announced their evolution to Hitachi Energy India Limited', reaffirming their commitment to accelerating the clean energy transition in India," a company statement said.

Sundaram Asset Management Company Ltd, the 100 per cent subsidiary of Sundaram Finance Ltd on Friday said it received the regulatory approval for the purchase of asset management businesses of Principal Asset Management Pvt Ltd.

Sundaram Asset Management Company would acquire the schemes managed by Principal India and acquire 100 per cent of the share capital of Principal Asset Management Pvt Ltd, a company statement said here.

Calling the Centre's decision to repeal the farm laws as a "great victory for the farmers and the Congress", senior party leader P Chidambaram on Friday took a dig at the government, saying that the move was not inspired by a change of heart but impelled by "fear of elections".

His remarks came after Prime Minister Narendra Modi, in an address to the nation this morning, announced that the government has decided to repeal the three farm laws, which were at the centre of protests by farmers for the past year.

Standard and Poor’s (S&P) has upgraded long-term issuer rating on Glenmark Pharmaceuticals from “BB-” to “BB” on the expectation of conservative debt levels given limited upcoming capital investments and healthy free operating cash flow.

Its debt is likely to decline by about 25 per cent in FY22 (year ending March 31, 2022) given management's commitment to maintaining lower leverage following a recent equity raising at its subsidiary. This is expected to boost the company's ratio of funds from operations (FFO) to debt is expected at 35-40 per cent in FY22.

From real-time monitoring of over 220,000 vehicles on ground that helps customers in predicting problems along with quick support in case of breakdowns to AI-based customer solutions, Chennai-based Ashok Leyland is on the fast track to embrace new-age digital solutions. The company is now carving out a new and future revenue stream through data monetisation.

The commercial vehicle major's Chief Digital Officer Venkatesh Natrajan said the company is not just looking at indirect monetisation of data through platforms like Uptime Solution Center (real-time monitoring) that helps the servicing community.

Equity benchmarks buckled under selling pressure for the third session on the trot on Thursday as bearish global cues and a disappointing market debut for Paytm unnerved investors.

The 30-share BSE Sensex tumbled 372.32 points or 0.62 per cent to finish at 59,636.01. Similarly, the NSE Nifty dived 133.85 points or 0.75 per cent to 17,764.80.

The price of ten gram of 24-carat gold on Friday decreased by Rs 370 to Rs 49,100 from Thursday's trading price. The price of silver decreased by Rs 100 per kg to Rs 66,300, according to goodreturns.in.

In Delhi, the rate of 24-carat gold stands at Rs 52,420 and in Mumbai it is Rs 49,100. The prices of ten gram of 22-carat gold in Delhi and Mumbai are Rs 48,050 and Rs 48,100.

Even though Vijay Shekhar Sharma-owned Paytm is India’s biggest digital payments platform, the feat wasn’t enough to please Street investors. Shares of One97 Communications, parent firm of Paytm, listed at a nine per cent discount on the bourses on Thursday, debuting at Rs 1,955 per share. Soon after, the shares crashed 27 per cent against the issue price of Rs 2,150 and hit an intra-day low of Rs 1,564 apiece. It must be remembered that the company’s Rs 18,300-crore offering, the biggest-ever in the domestic capital markets, had managed to sail through only on the last day of the offer.

Delhi-NCR's air quality is likely to improve on Saturday and Sunday owing to relatively strong winds and will settle down at the lower end of the 'very poor' and 'poor' categories, authorities said on Friday.

In a statement, the air quality early warning system for Delhi of the Ministry of Earth Sciences said: "The air quality over Delhi-NCT is likely to remain in 'very poor' category today (Friday), but is likely to improve and reach in the lower end of 'Very Poor' category on Saturday.

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