Shares of the Indian Energy Exchange (IEX) rallied 10 per cent to Rs 832.85 on the BSE in Friday’s intra-day trade, after the company posted strong earnings for the second quarter ended September 2021 (Q2FY21) and also announced bonus shares in the ratio of 2:1.

At 09:30 am; the stock, however, had pared some of its opening gains and was trading 4 per cent higher at Rs 789.15 on the BSE. In comparison, the S&P BSE Sensex was up 0.60 per cent at 61,286.

Ten gram of 24-carat gold was on Friday selling at Rs 47,460, down Rs 10 from yesterday’s trading price. Silver was at Rs 65,300 per kg, down Rs 200 from yesterday’s trading price, according to the Good Returns website.

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

The government is currently finalising guidelines to export refurbished weapons and equipment to friendly foreign countries, Defence Minister Rajnath Singh told a parliamentary committee meeting on Thursday.

The old weapons and equipment of the Indian armed forces will be first refurbished by the defence industry and then exported to friendly foreign countries, the minister said in Bengaluru during a meeting of Parliamentary Consultative Committee on Defence, according to officials.

In a meeting with World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala, the country's top vaccine manufacturers on Thursday raised concerns regarding excess capacity of Covid-19 jabs created during the pandemic.

With the outbreak of the pandemic, vaccine manufacturers have rapidly created capacities to meet demand. Going ahead, manufacturers are concerned about excess capacity and how it can be utilised, said a person in the know, adding that similar concerns have been raised by manufacturers of other countries as well.

The Cabinet Committee on Economic Affairs (CCEA) on Thursday approved Gati Shakti, or the national master plan for multimodal connectivity, which includes the institutional framework as well as the implementation.

There will be a three-tier system for monitoring: empowered group of secretaries (EGoS), network planning group (NPG) as well as a technical support unit (TSU). The approval comes a week after Prime Minister Narendra Modi launched the master plan in the national capital.

Shares of Asian Paint dipped 7 per cent, hitting an over two-month low of Rs 2,961 on the BSE in Thursday’s intra-day trade, after the company reported 28.2 per cent year on year (YoY) decline in consolidated net profit at Rs 595.96 crore in July-September quarter (Q2FY22), due to higher raw material cost. The company had posted a profit of Rs 830.37 crore in the year-ago quarter.

The stock of India's leading paint company was trading at its lowest level since August 12, 2021.

Rakesh Jhunjhunwala pruned exposure to Tata Motors ordinary share, while increasing holdings in shares with differential voting rights (DVR).

The billionaire investor’s holding in Tata Motors DVR has risen to 3.93 per cent during the September 2021 quarter from 1.97 per cent in the preceding quarter. On the other hand, his holding has declined slightly in Tata Motors ordinary shares to 1.11 per cent to 1.14 per cent for the period under consideration.

Union Home Minister Amit Shah on Thursday conducted an aerial survey of rain-ravaged areas of Uttarakhand to asses the damage which the state government has pegged at Rs 7,000 crore.

Talking to reporters at the Jollygrant airport here after returning from the survey of affected areas in Kumaon region, Shah said that alertness of the central and state government agencies had helped contain the damage.

The Supreme Court on Wednesday agreed for disbursal of over Rs 25 crore deposited with it five years ago by the Maharashtra government in the apex court registry towards educational expenses of children who have lost either or both parents during the COVID-19 pandemic in the state

Maharashtra, one of the worst affected states during the second wave of pandemic earlier this year, had deposited the money in the apex court registry in an old matter related to medical college admissions.

WHO Director-General Tedros Adhanom Ghebreyesus congratulated Prime Minister Narendra Modi, the scientists, health workers and citizens of India for equitable vaccine distribution as the total Covid vaccine doses administered in the country surpassed the 100-crore mark on Thursday.

India took 279 days to administer 100 crore COVID-19 vaccine doses.

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