Shares of Housing Development Finance Corporation (HDFC) were up 4 per cent at Rs 2,649.75 on the BSE in intra-day trade on Wednesday, gaining 9 per cent in the past three trading days after the housing finance company (HFC) reported a steady performance for the quarter ended June 2021 (Q1FY22). The stock was trading higher for the fourth straight day.

India’s biggest mortgage lender HDFC on Monday reported a 1.6 per cent year-on-year (YoY) decrease in standalone net profit at Rs 3,001 crore for the April-June quarter of FY22 (Q1FY22) on the back of lower other income and higher tax and employee expenses.

With 42,625 people testing positive for the coronavirus infection in a day, India's total tally of COVID-19 cases rose to 3,17,69,132 and the active caseload increased to 4,10,353, according to data updated by the Union Health Ministry on Wednesday.

The death toll climbed to 4,25,757 with 562 fatalities.

Congress leader Rahul Gandhi on Wednesday met the family of the minor girl who was allegedly raped, murdered, and cremated without her parents' consent in Delhi's Old Nangal crematorium.

Sharing a report on the incident, Rahul Gandhi on Tuesday tweeted, The daughter of a Dalit is also the daughter of the country.

The reproduction number of coronavirus has increased beyond one in eight states across the country with the health ministry sounding cautious that the second wave of the epidemic was still raging.

The R or the reproduction number indicates the average number of new infections generated by one infected person during the entire infectious period. When this number is more than one, it indicates a spread of infection. India’s R number currently is 1.2, which is the same as the US, Canada, and Australia.

State Bank India (SBI) joined the elite club of companies with Rs 4-trillion market capitalization (m-cap) on the BSE on Wednesday after its share price hit a new high of Rs 448.45 in the intra-day trade. The stock of the country's largest state-owned lender surpassed its previous high of Rs 444.35, touched on July 30, 2021.

The bank is scheduled to announce its Q1FY22 results later today. In the past three months, the stock has rallied 27 per cent as compared to a 12.4 per cent rise in the S&P BSE Sensex.

India's COVID-19 tally climbed to 3,17,26,507 on Tuesday with 30,549 more people testing positive for the disease while the active caseload declined after six days, according to Union health ministry data.

The death toll climbed to 4,25,195 with 422 fresh fatalities, the data updated at 8 am showed.

The number of active cases came down to 4,04,958, which comprises 1.28 per cent of the total infections.

Infosys on Tuesday joined the elite club of companies with Rs 7-trillion market capitalization (m-cap) on the BSE after its share price hit a new high of Rs 1,646.40 in the intra-day deals.

The stock of the information technology (IT) consulting & services company has outperformed the market in the past two weeks, by gaining 7 per cent, after Infosys raised its revenue growth guidance for financial year 2021-22 (FY22) buoyed by a robust deal pipeline. In comparison, the S&P BSE Sensex was up 1.5 per cent during the same period.

Shares of Vodafone Idea (VIL) tanked 12 per cent to hit a 52-week low of Rs 7.26 on the BSE in intra-day trade on Tuesday after reports suggested Kumar Mangalam Birla has told the government that he is willing to give up promoter stake in the company.

The stock of the telecom services company fell below its previous low of Rs 7.60 touched on October 19, 2020. It was trading at the lowest level since July 2020. The stock had hit a record low of Rs 2.61 in November 2019.

MG Motor India on Tuesday said it has tied up with digital services provider Jio India for the Internet of Things (IOT) features in its upcoming mid-size SUV.

The automaker, which sells models like Hector and ZS EV, would have integration of IT systems enabled by Jio's IoT solution in the upcoming model.

Digital transformation solutions company UST on Tuesday said its plans to hire over 10,000 new employees globally this year, including in India.

The hiring will focus on Australia, North America (US, Mexico, Canada, Costa Rica) and South America (Chile, Peru, Argentina, Colombia) and Europe (UK, Spain, Germany, Bulgaria, Romania, Ukraine, Austria, Switzerland, Poland, Belgium, Netherlands, Luxembourg), a statement said.

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