With the shortage of coal leading to power cuts in various states, the Makkal Needhi Maiam (MNM) leader and Superstar, Kamal Haasan has urged the Central and the state government to ensure that there is no power cut in Tamil Nadu.

In a statement on Sunday, the actor-turned-politician said both Central and the state government must work together to make sure that there was no shortage of coal in Tamil Nadu.

The Delhi government has to depend on costly gas- based power as well as spot purchase at high market rate as the NTPC has halved power supply to the city from the usual 4000 MW, Delhi Power Minister Satyendar Jain said on Monday.

Most of the National Thermal Power Corporation(NTPC) plants are running at 55 percent capacity as their coal stocks are enough for one-two days, he claimed.

Shares of State Bank of India (SBI) rallied 4 per cent to hit a record high of Rs 475 on the BSE in Monday’s intra-day trade on the back of heavy volumes. The stock of the state-owned banking giant surpassed its previous high of Rs 471.85 touched on September 17, 2021.

The trading volumes on the counter more-than-doubled with a combined 18.19 million equity shares having changed hands on the NSE and BSE till 02:46 pm. In comparison, the S&P BSE Sensex was up 0.40 per cent at 60,297 points.

KPMG expects digital companies in India to raise about $10 billion through initial public offerings in the next six months, as investors continue to pump money into the country’s technology sector.

India is unveiling an absolutely new area of growth with these digital companies for hungry global asset managers, Srinivas Balasubramanian, senior partner and head of corporate finance at KPMG India, told Bloomberg Television’s Rishaad Salamat and Haslinda Amin in an interview.

Shares of Tata Motors hit an over three-year high of Rs 415.30 as they rallied 8.5 per cent on the BSE in Monday’s intra-day trade, continuing their journey northward on the back of a strong growth outlook. The stock of the Tata Group commercial vehicles maker was trading at its highest level since January 2018. In the past one month, the market price of Tata Motors has soared 39 per cent, as compared to a 3.5 per cent rise in the S&P BSE Sensex.

At 10:52 am, Tata Motors was trading 7.7 per cent higher at Rs 412.50, against a 0.42 per cent gain in the benchmark index.

Shares of Aditya Birla Sun Life AMC Ltd made a muted market debut on Monday, listing at par with its issue price of Rs 712.

The stock listed at Rs 712 on BSE. Later, it touched a high of Rs 721 and low of Rs 700.

On NSE, it debuted at Rs 715, a marginal gain of 0.42 per cent from the issue price.

Shares of Tata Consultancy Services (TCS) plunged 7 per cent to Rs 3,674.55 on the BSE in Monday's intra-day trade after the company's September quarter net profit missed Street expectations.

The IT company posted a slightly lower-than-expected, 14.1 per cent year-on-year growth in net profit and 16.8 per cent YoY rise in revenue, in the second quarter (Q2) of financial year 2021-22 (FY22). The stock of India's largest information technology (IT) services player had hit a record high of Rs 3,990 on October 8, 2021.

Gold (24 carat) is selling at Rs 46,940 per ten gram on Monday in India, unchanged from the previous trade.

Silver is selling at Rs 65,900 per kg, up Rs 4,100 from yesterday's trading price, according to Good Returns website.

The price of gold jewellery varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

Two militants were killed and a policeman was injured during encounters in Jammu and Kashmir's Anantnag and Bandipora districts on Monday, police said.

Security forces had launched a cordon and search operation at Khagund in Anantnag district's Verinag area following information about the presence of militants there, an official said.

Mukesh Ambani, Asia’s richest person, joined Jeff Bezos and Elon Musk in the world’s most exclusive wealth club with a fortune of at least $100 billion.

The chairman of Reliance Industries Ltd. entered the rarefied group of 11 men as his conglomerate’s stock climbed to a record on Friday.

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