A Mumbai court on Tuesday remanded businessman Raj Kundra in 14-day judicial custody in a case related to alleged creation of pornographic films and publishing them through some apps.

Kundra, husband of Bollywood actor Shilpa Shetty, was arrested July 19 by the Mumbai police crime branch under sections of the Indian Penal Code and the Information Technology Act.

India recorded less than 30,000 fresh COVID-19 cases after 132 days while its active caseload fell below 4,00,000 after 124 days on Tuesday, according to Union health ministry data.

India recorded 29,689 new coronavirus infections that pushed its tally of COVID-19 cases to 3,14,40,951 while the death toll climbed to 4,21,382 with 415 daily fatalities, the data updated at 8 am showed.

The prices of 22-carat gold in India remained unchanged on Tuesday at Rs 46,870 per 10 gm. Silver made a gain of Rs 400 comparared to yesterday's prices to stand at Rs 67,500 per kg, according to the website Good Returns.

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

Shares of Dr Reddy’s Laboratories (DRL) hit over three-month low as they fell 8 per cent to Rs 4,982 on the BSE in intra-day trade on Tuesday after the company reported a 1 per cent year-on-year (YoY) decline in its consolidated net profit at Rs 570.8 crore in the June quarter (Q1FY22). The drugmaker had posted a profit of Rs 579.3 crore in the year-ago quarter. The stock was trading at its lowest level since April 19, 2021.

Axis Bank on Tuesday said it has bought 5.55 per cent stake in financial technology firm IBBIC.

The bank has subscribed to 50,000 equity shares of face value of Rs 10 each fully paid up of IBBIC Private Ltd (IBBIC) for a consideration of Rs 10 per equity share constituting 5.55 per cent of the issued and paid up capital of IBBIC, Axis Bank said in a regulatory filing.

Karnataka Chief Minister B S Yediyurappa said he would resign today—the second anniversary of his government—as he spoke in the state assembly about his tenure

I will resign after lunch, he said in a tearful speech in which he talked about the trial by fire he had faced as chief minister.

India on Monday recorded 39,361 cases of Covid-19 and 416 deaths, the Ministry of Health and Family Welfare data showed.

The country now has 4,11,189 active cases and has witnessed a total of 4,20,967 deaths so far.

India’s digital learning pioneer Byju’s is buying professional training and higher education platform Great Learning for $600 million, accelerating an acquisition spree to expand globally.

The cash-and-stock purchase marks an entry to the higher education segment for Byju’s, the company said Monday in a statement.

The prices of 22-carat gold in India remained unchanged on Monday at Rs 46,870 per 10 gm. Silver made a gain of Rs 50 compared to yesterday's prices to stand at Rs 67,100 per kg, according to the website Good Returns.

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

Shares of SBI Cards and Payment Services (SBI Card) rose 4 per cent to Rs 991.95 on the BSE in Monday's intra-day trade on asset quality improvement in the June 2021 quarter (Q1FY22), with gross non-performing assets (GNPA) at 3.91 per cent as against 4.99 per cent in the March 2021 quarter (Q4FY21). Net NPA was down to 0.88 per cent from 1.15 per cent in Q4FY21. As of June 2020 (Q1FY21), GNPA and NNPA stood at 1.35 per cent and 0.43 per cent, respectively.

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