Realty firm Ramky Estates & Farms Ltd has tied up with Genpact to develop a 14-acre project in Hyderabad. Property consultant JLL India said in a statement that it facilitated the deal.

Genpact and Ramky Estates & Farms Limited (REFL) will develop 14.37 acres of land situated at Uppal, Hyderabad. The land parcel owned by IT major Genpact is situated next to their campus in Uppal. Hyderabad-based REFL will develop Grade A offices for Genpact.

IL&FS group would resolve debt of Rs 55,000 crore by March 2022, the board of the crisis-hit company has stated in its affidavit filed before the National Company Law Appellate Tribunal (NCLAT).

While updating the progress of the resolution progress, the IL&FS board, led by Uday Kotak, said Rs 55,000 crore debt would be resolved through asset monetisation, restructuring and insolvency proceeding initiatives.

The government will sell 5 per cent of its stake in Life Insurance Corporation (LIC), through an initial public offering (IPO), of which 100 per cent is offer for sale. LIC filed its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (Sebi) on Sunday, thus setting the wheels in motion for the country’s largest-ever IPO.

The market regulator, according to sources, is expected to give its nod for the LIC IPO in three weeks. The Union government has often reiterated that the public issue of LIC will happen within the current financial year (FY22).

The last rites of former Bajaj Group chairman, Rahul Bajaj, were performed in Pune on Sunday with full state honours with representatives of India Inc, politicians and common people bidding a final adieu to the veteran industrialist.

The last rites were performed by Rahul Bajaj's sons Rajeev and Sanjiv at the electric crematorium at Vaikunth Smashanbhoomi in Pune city.

Shares of Nuvoco Vistas Corporation hit a record low of Rs 398, down 7 per cent on the BSE in Friday's intra-day trade, after the company reported consolidated loss of Rs 86 crore in December quarter (Q3FY22) due to lower revenue. The cement and cement products company had posted consolidated profit of Rs 44 crore in Q3FY21.

Revenue from operations declined 3 per cent year-on-year (YoY) to Rs 2,165 crore as against Rs 2,231 crore in the corresponding quarter of the previous fiscal.

Chennai-based cement major India Cements saw a 76 per cent dip in consolidated net profit during the third quarter of the financial year 2021-22 to Rs 16 crore, as compared to Rs 68 crore during the same period last fiscal due to the impact of Covid and the heavy rains in South India on the sector.

The company revenue from operations too saw a marginal dip of 2 per cent during the quarter to Rs 1,160 crore, as compared to Rs 1,185 crore during the Q3 of 2020-21.

JSW Steel on Friday reported 15 per cent rise in crude steel production at 16.46 lakh tonne for the month of January.

The company's crude steel production was at 14.32 lakh tonne (LT) in January 2021, JSW Steel said in a filing to BSE.

JSW Steel reported the crude steel production for the month of January 2022 at 16.46 lakh tonne, that grew by 15 per cent Y-o-Y on standalone basis, the filing said.

Shares of food delivery company Zomato dropped 9 per cent to Rs 85.85 on the BSE in Friday's intra-day trade after the company reported sequentially flat revenue growth at Rs 1,112 crore for October-December quarter (Q3FY22). On year-on-year (YoY) basis, the revenue growth was 78 per cent.

At 09:44 am, Zomato was trading 6 per cent lower at Rs 89.20, as compared to 1.2 per cent decline in the S&P BSE Sensex. The stock quoting close to its record low price of Rs 84.10 touched on January 25, 2021.

As per the National Crime Record Bureau (NCRB) data, India reported an 11 per cent jump in cyber crime in 2020.

The Ministry of Home Affairs (MHA) informed the Home Committee that as per the report Crime in India, 2019, of NCRB, the data of cyber crimes in the States/UTs was 21,796 in 2017, 27,248 cases in 2018, 44735 in 2019 and stood at 50035 in 2020.

The number of confirmed Covid-19 cases worldwide has surpassed 400 million, according to the latest data from the World Health Organisation (WHO).

Globally, as of 5:13 pm CET (1613 GMT) on Thursday, there have been 402,044,502 confirmed cases of Covid-19, including 5,770,023 deaths, reported to WHO, showed the data.

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