Shares of private lender RBL Bank declined 3.1 per cent to Rs 212 a piece on the BSE on Thursday after banking regulator Reserve bank of India (RBI) on Wednesday barred global card player Mastercard Asia/Pacific Pte Ltd from onboarding new domestic customers on its network from July 22 over non-compliance with local data storage guidelines.

RBL Bank currently issues credit cards only on Mastercard payment network and has approximately 3 million credit card customers.

Shares of L&T Technology Services (LTTS) zoomed 15 per cent to a record high of Rs 3,345 on the BSE in intra-day trade on Thursday after the company reported better-than-expected June quarter (Q1FY22) results.

The stock of the internet software and services company surpassed its previous high of Rs 3,062.45 hit on April 9, 2021. A combined 2.1 million shares had changed hands on the counter on the NSE and BSE as of 9.45 am. At the same time, the S&P BSE Sensex was up 0.27 per cent at 53,046 points.

Shares of Infosys hit a fresh record high of Rs 1,597.25, up 1.3 per cent on the BSE in the intra-day trade on Thursday, after the country’s second-largest information technology (IT) services player on Wednesday raised its revenue growth guidance for financial year 2021-22 (FY22) buoyed by a robust deal pipeline.

The stock surpassed its previous high of Rs 1,590.85 touched on June 30, 2021. In the past one year, Infosys has outperformed the market by zooming 103 per cent, as compared to a 47 per cent rally in the S&P BSE Sensex.

Cadila Healthcare on Thursday said its wholly-owned subsidiary Zydus Animal Health and Investment has completed sale of its animal healthcare established markets undertaking to Multiples Alternate Asset Management-led consortium for Rs 2,921 crore.

The transaction of sale and disposal is completed /closed today i.e. July 14, 2021, Cadila Healthcare said in a regulatory filing.

The Supreme Court bench headed by Justice RF Nariman on Wednesday (July 14) took suo moto cognizance of the decision of Uttar Pradesh Government to allow Kanwar Yatra in the state amid the COVID-19 pandemic.

The state of Uttarakhand had issued a statement in the month of June to dismiss the Kanwar Yatra 2021 due to the COVID-19 pandemic. The country had seen a massive rise in cases earlier this year which led to the second wave owing mostly to festivities and the Kumbh Mela which was attended by lakhs.

India recorded 38,792 new coronavirus cases, taking the infection tally to 3,09,46,074, while the death toll reached 4,11,408 with 624 more fatalities, according to the Union Health Ministry's data updated on Wednesday.

The active cases have declined to 4,29,946 and comprise 1.39 per cent of the total infections, while the national COVID-19 recovery rate stands at 97.28 per cent, the data updated at 8 am showed.

JSW Energy on Wednesday said it will seek shareholders approval to raise up to Rs 5,000 crore via equity shares, bonds and other such securities in its annual general meeting on August 4, 2021.

The proposed resolution enables the board of directors to issue securities for an aggregate amount not exceeding Rs 5,000 crore or its equivalent in any foreign currency, the notice for the AGM said.

Infrastructure investment trust IndiGrid on Wednesday said it has completed the acquisition of entire stake in two solar energy assets with cumulative capacity of 100 MW from Fotowatio Renewable Ventures (FRV) at an enterprise value of Rs 660 crore.

IndiGrid's acquisition of its first solar asset is an important milestone in the Indian infrastructure sector as this marks the first renewable energy acquisition by any InvIT in the country, the company said in a statement.

Apple Inc. has asked suppliers to build as many as 90 million next-generation iPhones this year, a sharp increase from its 2020 iPhone shipments, according to people with knowledge of the matter.

The Cupertino, California-based tech giant has maintained a consistent level in recent years of roughly 75 million units for the initial run from a device’s launch through the end of the year.

HDFC Bank Ltd., India’s biggest lender by market capitalization, is considering to sell its first-ever offshore bonds that qualify as capital as it boosts buffers.

The Mumbai-based lender’s board on Saturday will mull a plan to issue perpetual Additional Tier 1 notes that comply with Basel III capital norms, according to a filing late Tuesday. It would be only the second such offshore offering from an Indian bank after the nation’s largest lender State Bank of India sold such securities in 2016.

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