The Delta variant was primarily responsible for the second wave of COVID-19 in the country, accounting for over 80 per cent of new cases, Dr N K Arora, co-chair of Indian SARS-CoV-2 Genomics Consortium said, underlining that the cases may go up if a new, more infectious variant comes.

The variant is also around 40-60 percent more transmissible than its predecessor, Alpha variant, and has already spread to more than 80 countries, including the UK, the US and Singapore.

Shares of Larsen & Toubro (L&T) hit a new high of Rs 1,638.65, up 1 per cent on the BSE in the intra-day trade on Monday, in an otherwise weak market, after the construction & engineering major said, L&T Construction, the construction arm of the company, has won a slew of orders in India and abroad for its various businesses. According to L&T, the order value ranges between Rs 1,000 crore and Rs 2,500 crore.

The stock was trading higher for the sixth trading session. It surpassed its previous high of Rs 1,624.90, touched on July 15, 2021.

The lenders of the Reliance Commercial Finance (RCF) have approved the resolution plan for the company and have selected Authum Investment and Infrastructure Ltd as the successful bidder, Reliance Capital said on Monday.

Authum is expected to take over RCF for about Rs 1,600 crore.

India saw a single day rise of 38,164 new coronavirus infections, while the death toll climbed to 4,14,108 with 499 fresh fatalities, the lowest in over three months, according to the Union Health Ministry data updated on Monday.

The COVID-19 case tally has climbed to 3,11,44,229.

The active cases have declined to 4,21,665 and comprise 1.35 per cent of the total infections.

The price for 10 gm of 22-carat gold on Monday came to Rs 47,190 from Rs 47,200 in the last trading. Silver was at Rs 68,400 per kg, 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.

GR Infraprojects made a stellar debut on the bourses as the market value of its equity shares more-than-doubled or rose 103 per cent to list at Rs 1,700 on the BSE in Monday's session against its issue price of Rs 837 per share.

At 10:01 am, the stock was trading at Rs 1,636 after hitting a high of Rs 1,725 post its listing. Around 167,000 equity shares had changed hands on the counter, the exchange data shows.

Shares of HDFC Bank declined 3 per cent to Rs 1,475 on the BSE in intra-day trade on Monday after the lender reported lower than expected performance for the quarter ended June (Q1FY22). The bank posted a 16.1 per cent jump in Q1 net profit to Rs 7,729.6 crore as the bank’s asset quality deteriorated and provisions increased. The country’s largest private-sector lender's profit stood at Rs 6,659 crore in the same period last year (Q1FY21).

The net interest income (NII) of the lender rose 8.57 per cent year-on-year (YoY) in Q1FY21 to Rs 17,009 crore, driven by growth in advances at 14.4 per cent and a net interest margin of 4.1 per cent.

Zoom Video Communications Inc announced a $14.7 billion all-stock deal to buy cloud-based call center operator Five9 Inc in its largest-ever acquisition, as competition intensifies in its core videoconferencing sector.

The teleconferencing services provider has become a household name and investor favorite in the year since the coronavirus pandemic, as businesses and schools adopted its services to hold virtual classes, office meets and socialise.

With fresh Covid cases in India remaining below 40,000 over consecutive days, the Union Health Ministry on Saturday said the country's recovery rate has now climbed to 97.31 per cent.

In the past 24 hours, India reported 38,079 new coronavirus cases, which was even lower than Friday's when it was also below the 40,000-mark and lesser than discharged Covid patients from hospital in the same time-span.

Karnataka Chief Minister B S Yediyurappa on Saturday dismissed rumours about his resignation, saying it is not at all true.

He also said that he will meet Union Home Minister Amit Shah, Defence Minister Rajnath Singh and BJP chief J P Nadda before returning to Bengaluru.

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