Telecommunication (telecom) companies are expected to see strong quarter-on-quarter (QoQ) growth in average revenue per user (ARPU) in the fourth quarter (Q4) of 2021-22 on the back of recent hike in prepaid plans. While subscriber additions will be modest, telecom companies will see overall growth in their revenue, according to Q4 earnings estimates.

According to brokerages, Bharti Airtel could report 8-13.5 per cent QoQ rise in its ARPU to Rs 176-185.

Fintech firm Bharatpe CEO Suhail Sameer on Thursday apologised for his remarks in a social media post allegedly indicating that former company chief Ashneer Grover has stolen money from the company and little is left to pay the salaries of employees.

A Bharatpe employee in a Linkedin post had raised the matter of termination of administrative staff and non-payment of salaries, which attracted responses from Grover and CEO Sameer.

Shares of YES Bank surged 10.6 per cent to Rs 16.25 per share, hitting 52-week high in an otherwise weak market, after ratings agency CARE Ratings upgraded infrastructure, lower tier-2, and upper tier-2 bonds to positive. In comparison, S&P BSE Sensex was down 0.78 per cent at 59, 146 points as of 11:00 am.

YES Bank's stock price has zoomed over 22 per cent in the past five trading sessions. With today’s gains, the shares have climbed over 49 per cent so far this April as against 1 per cent gain in BSE S&P Sensex.

Realty firm Godrej Properties Ltd will develop a new housing project at Kandivali East in Mumbai with an estimated sales revenue of Rs 1,000 crore.

In a regulatory filing, Godrej Properties on Thursday said it has extended an existing arrangements with Shivam Realty to develop a residential group housing project, off Akurli crossroad at Hanuman Nagar, Kandivali East.

Shares of Uma Exports made a robust debut on the bourses on Thursday, listing at Rs 80 apiece on the BSE -- a 17.6 per cent premium against its issue price of Rs 68. On the National Stock Exchange (NSE) the company debuted at Rs 76 per share.

So after the listing, the shares extended their rally and hit a high of Rs 83 on the BSE, as against a 0.6 per cent dip in the BSE Sensex at 10:10 AM.

The Centre is likely to table 'The Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Amendment Bill, 2022' in the Rajya Sabha on Thursday.

The Bill was passed by the Lok Sabha on Wednesday.

MTNL shares zoomed 9 per cent to Rs 26.8 per share on the BSE on Thursday after the government deferred the merger of state-run telecom firms BSNL and MTNL due to financial reasons.

At 10:20 AM, shares of the state-run telco was up 8 per cent at Rs 28.2 apiece on the BSE as against a 0.6 per cent fall in the benchmark Sensex index. About 4.9 million shares had changed hands on the NSE and BSE till the time of writing of this report. With today's gains, the shares have climbed 26 per cent so far in April as against a 1.4 per cent gain in the Sensex index.

Shares of state-run power companies have been on a roll off late on the back of rising electricity consumption in the country owing to early onset of summer coupled with heat waves.

In the last five trading sessions, NTPC has soared 17 per cent. The stock hit a record high of Rs 158 on Thrusday, and was up 2.6 per cent at Rs 157 on volume of around 90 lakh shares on the NSE as of 10.21 AM, while the NSE Nifty was down 0.5 per cent at 17,711.

In a first, billionaire Mukesh Ambani's Reliance Industries Ltd has set up electric vehicle (EV) charging infrastructure at its Mumbai campus to allow employees to charge their EVs free of cost.

The company's HR on Wednesday sent mailers to employees informing about the Jio-bp pulse EV charging zone at its Navi Mumbai campus, Reliance Corporate Park (RCP).

The Supreme Court (SC) on Wednesday lifted the stay on arbitral proceedings before Singapore International Arbitration Centre (SIAC) between Future Group and Amazon. The Bench also said that Future Retail’s plea for termination of proceedings before SIAC will also be heard on priority.

The SC said in its order that the interim application will be transmitted to the Delhi High Court as agreed by both parties and as proceedings have already begun there.

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