Shares of Bharat Dynamics (BDL) hit a new high of Rs 507.80, on rallying 5 per cent on the BSE in Monday’s intra-day trade ahead of Budget. The stock of state-owned defence company has rallied 27 per cent in the past three weeks, as compared to 4 per cent decline in the S&P BSE Sensex.

At 09:48 am; BDL traded 3 per cent higher at Rs 501, as against a 1.4 per cent gain in the benchmark index. A combined 232,000 equity shares changed hands at the counter on the NSE and BSE.

Shares of Larsen & Toubro (L&T) slipped 2.5 per cent to Rs 1,851 on the BSE in Monday’s intra-day trade after the company reported a 17 per cent year-on-year (YoY) decline in consolidated net profit at Rs 2,055 crore for the December quarter (Q3) as high raw material costs ate into the bottom line even as net sales rose.

The stock of the country’s largest infrastructure company traded lower for the third straight day, down 4 per cent during the period. It had hit a record high of Rs 2,078 on January 18, 2022.

Rating agency ICRA has placed the rating of PTC India Financial Services Ltd (PFS) under watch with negative implications following the resignation of three independent directors of the company.

Such events (resignations) are likely to have a bearing on business operations and investor and lender confidence in the company in the short to medium term. These changes could also impact the ongoing asset quality related resolutions for the company, ICRA said in a statement.

The collapse in the shares of Paytm following India’s largest initial public offering is proving an expensive lesson for the firm’s early backers.

Paytm shares have tumbled 58% since the stock listed on Nov. 18. That’s cut the valuation of its parent One 97 Communications Ltd. to $7.8 billion from $20 billion.

Adani Ports and Special Economic Zone (APSEZ) on Sunday said the company's composite scheme to acquire Sarguja Rail Corridor Pvt Ltd (SRCPL) has been approved by the National Company Law Tribunal (NCLT) and will be effective from the appointed date of April 1, 2021.

APSEZ in a statement said the company will now consolidate all rail assets under a single business entity Adani Tracks Management Services Pvt Ltd.

Embassy Office Parks REIT will invest Rs 850 crore to develop nearly two million square feet office buildings in Bengaluru as the company remains bullish on demand for premium workspace, a senior company official said.

Embassy Office Parks REIT, the country's first public listed real estate investment trust (REIT) sponsored by Blackstone and realty firm Embassy group, is also evaluating the acquisition of a five-million-square-feet IT park in Chennai.

Prime Minister Narendra Modi will hit battleground Uttar Pradesh by holding a virtual rally on January 31, ahead of Assembly elections in the state.

This rally by the Prime Minister will cover five districts of Uttar Pradesh namely Shamli, Muzzafarnagar, Baghpat, Saharanpur, Gautambuddh Nagar (Dadri/Jewar) And it will cover 21 Vidhan Sabhas.

Even though some cities or states in India may be beginning to see plateauing of COVID-19 cases, the risk persists and focus must be on reducing transmission and implementing situation-specific measures, senior WHO official Poonam Khetrapal Singh said.

The Health Ministry said on Thursday that early indications of Covid cases plateauing have been reported in certain geographies in the country but the trend needs to be observed.

The Congress on Saturday attacked the Centre over a New York Times report which claimed that the Indian government bought the Pegasus spy tool in 2017 as part of a deal with Israel, alleging that the government indulged in illegal snooping using the spyware which amounts to "treason".

According to the report in The New York Times, the Israeli spyware Pegasus and a missile system were the "centerpieces" of a roughly USD 2-billion deal of sophisticated weapons and intelligence gear between India and Israel in 2017.

Maharashtra on Friday recorded 24,948 new coronavirus cases including 110 Omicron infections and 103 pandemic-related deaths, the health department said.

New cases declined by 477 compared to the day before. On Thursday, the state had recorded 25,425 cases besides 42 fatalities.

The caseload on Friday rose to 76,55,554 and death toll reached 1,42,461.

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