Voltas Ltd on Friday announced a 46.26% increase in consolidated net profit at Rs 128.64 crore for Q3FY21. It posted a net profit of Rs 87.95 crore in the Q3FY20. Total income during the period under review stood at Rs 2,046.26 crore, up 32.29%, as against Rs 1,546.76 crore in the year-ago quarter. The company is a leading air-conditioner manufacturer, which made good recovery post lockdown.

State Bank of India (SBI) is offering its Jan Dhan account holders accident insurance cover up to Rs 2 lakh if they apply for 'SBI RuPay Jan Dhan Card'. The largest lender from its official Twitter handle stated, "It's time to put yourself on the road to success. Apply for SBI RuPay Jandhan card today". Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a national mission for financial inclusion.

Infosys plans to make an additional investment of $1 million in ideaForge Technology, a leading Unmanned Arial Vehicles (UAV) systems manufacturer reputed for rugged and high-precision UAV systems. Earlier to this, in 2016, the IT giant had already invested about $1.5M in the latter. Infosys stated, "ideaForge’s UAV systems are increasingly being used across a wide spectrum of organizations".

Puravankara Limited has announced its financial results for the Q3FY21. Consolidated Financial Performance for the Q3 FY21. Consolidated Revenues stood at Rs304cr, EBITDA stood at Rs116cr with margins of 38%, whereas Profit before Tax (PBT) stood at Rs21cr and Profit After Tax (PAT) stood at Rs13cr. Continuous improvement in economic activities, demand conditions improved real estate sales.

Meesho is planning to raise $250 Mn in a funding round led by Japan’s Softbank Vision Fund, which would see the company enter the unicorn club.  The six-year-old Bengaluru-based startup will be valued at around $2 Bn for the funding round and thus, will likely become a unicorn soon. It registered an encouraging 4x growth in its revenue in FY20, from INR 84.8 Cr in FY19 to INR 341.6 Cr.

Even as SpiceJet’s losses have been narrowing, it is difficult to say how soon the airline will return to the black, stated Chairman and Managing Director Ajay Singh. He further added that the company was working towards reducing costs and increasing revenues, but many factors were beyond its control. Though leisure travel is picking up, the same is not true for corporate travel.

HDFC Ltd. hit Rs5 trillion in market capitalisation on Friday, after its shares surged to touch a record high of Rs2,808 apiece on the BSE. The stock has jumped nearly 90% from its March lows. The mortgage lender is the sixth Indian company to have achieved this milestone, after Reliance Industries Ltd, Tata Consultancy Services Ltd, HDFC Bank Ltd, Hindustan Unilever Ltd, and Infosys Ltd.

The Supreme Court on February 12 issued a notice to Twitter and the Centre, in response to a petition to check fake news and incendiary messages on social media. Bharatiya Janata Party (BJP) leader Vinit Goenka filed the Public Interest Litigation (PIL) in May 2020. It is seeking a direction to the Centre to devise a mechanism to check fake news and instigative messages on social media.

Former ICICI Bank CEO and MD Chanda Kochhar appeared before a special PMLA court on Friday in connection with the ICICI Bank-Videocon money laundering case. She appeared before the special Judge A A Nandgoankarand filed a bail application through her lawyer Vijay Agarwal. The court asked the ED to file its reply on her bail application.

Bengaluru based startup Niki announced that with the increase in its user base, its revenue has increased by 1000% in the current fiscal. The company provides a voice-based artificial intelligence platform supported with local languages driving commerce technology. Niki CEO Sachin Jaiswal revealed that the application's user base has increased by 220% in 2020 with 1.5 million users in last year.

Hinduja Group-backed Ashok Leyland a net loss of Rs19cr for the quarter ending December 2020 (Q3FY21) period. The company reported a 70% increase in sequential-quarter revenues in Q3 FY21. In early deals of 12th February, the company stocks plunged by as much as 8% after clocking an intraday low of Rs124.10 per piece on Sensex.

OIL India Limited on Thursday announced 122.37% gain in Profit After Tax (PAT) for Q3FY21 to Rs903.69cr against PAT of Rs406.39cr during Q3FY20. The higher profit is despite a fall in operational performance with total income falling 19% to 2,497.24 in Q3FY21 from Rs3,087.37cr in Q3FY20. The higher profit in the quarter was reportedly on account of a significant tax reversal.

Strides Pharma on Friday announced that its subsidiary, Strides Pharma Global Pte Ltd, has received approval from the USFDA for Prednisone tablets, prescribed for a variety of conditions, including allergies, respiratory illness and arthritis. Strides Pharma Global Pte Limited, Singapore, bagged this approval for Prednisone tablets USP in the strengths of 10 mg and 20 mg.

NTPC on Friday confirmed that its fourth 150 MW unit of Kameng Hydro-Electric Project of its subsidiary North Eastern Electric Power Corporation has become commercially operational with effect from 00:00 hours of February 12. With this, the commissioned and commercial capacity of the state-run power producer group has become 64,075 MW.

The Centre is planning to commence seaplane services on several routes post the launch of the country's maiden seaplane service between the Statue of Unity near Kevadiya and Sabarmati Riverfront in Ahmedabad, according to Union Minister for Ports, Shipping and Waterways, Mansukh Mandaviya. Proposed routes include Delhi-Jaipur, Delhi-Udaipur, Delhi-Jodhpur and Delhi-Badrinath among others.