A French hacker, with the pseudonym Elliot Alderson, stated micro-blogging platform Koo is leaking the personal data of its users. Alderson said the app is leaking users' information such as email, date of birth, name, marital status, and gender. On February 10, Alderson said several Twitter users had asked him to test Koo. Several Union ministers recently shifted to the app.

Passenger vehicle sales in India rose by 11.14% to 2,76,554 units in January, auto industry body SIAM says. The figure stood at 2,48,840 units a year back. According to the SIAM, two-wheeler dispatches to dealers rose 6.63% to 14,29,928 units from 13,41,005 units in the last one year. Motorcycle sales increased 5.1% to 9,16,365 units as against 8,71,886 in January 2020.

Hindalco Industries touched a new 52-week high of Rs 294.50 on February 11, a day after the Aditya Birla group company announced a 76.2% YoY jump in December quarter standalone net profit to Rs 340 crore. In the corresponding quarter of the previous financial year, the profit was Rs 193 crore. Standalone revenue in Q3 FY21 stood at Rs 11,351 crore, up 11% YoY from Rs 10,230 crore.

Suven Pharma announced 53.84% growth in total revenues for the Q3FY21 on a consolidated basis at Rs274.93cr. The company’s core operation of contract development and manufacturing operations or CDMO saw good traction during the Dec-20 quarter as the global demand for CDMO was up sharply benefiting Suven in top-line growth. The consolidated PAT for the Q3FY21 was up 96.22% at Rs113.63cr.

Raymond Limited on Wednesday allotted 2000, 9% secured, listed, rated, Redeemable Non-Convertible Debentures (Series P) of face value Rs10 lakhs each at par, aggregating to Rs200cr on Private Placement basis. “The debentures are proposed to be listed on the Wholesale Debt Market segment of the National Stock Exchange of India Limited,” the company stated in a regulatory filing on Wednesday.

Glenmark Pharma on Thursday confirmed the receiving of final approval from the USFDA for Clindamycin Phosphate Gel, used to treat acne. The approved product is a generic version of Cleocin T Gel, 1 per cent, of Pharmacia & Upjohn. Glenmark said its current portfolio consists of 169 products authorised for US marketplace distribution and 42 abbreviated new drug applications are pending approval.

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Suprajit Engineering announced 23.04% growth in total revenues for the Q3FY21 on consolidated basis at Rs507.27cr. Suprajit, being in the business of auto components has seen the demand grow robustly with the growth in auto sales, which had a strong quarter in the December quarter with festive demand picking up sharply. The consolidated PAT for the Q3FY21 was up 65.53% at Rs51.63cr.

Singapore Airlines (SIA) commenced operating flights on Thursday with full sets of crew members vaccinated against COVID-19 as the city-state seeks to rejuvenate its status as an international travel hub. The reputed airline stated pilots and cabin crew on three international flights from Singapore had received both of the required doses of the Pfizer-BioNTech vaccine.

Procter & Gamble Health announced a flat 1.46% growth in total revenues for the Q3FY21 on a consolidated basis at Rs240.22cr. P&G Healthcare was formerly called Merck India and has been delivering consistent growth via affordable vitamins, minerals, and health supplements. The consolidated profit after tax (PAT) for the Dec-20 quarter was up 77.65% at Rs67.88cr.

India Gold MCX April Futures trade lower below Rs 48,000 on February 11 tracking muted trend seen in the international spot prices. On the Multi-Commodity Exchange (MCX), April the yellow metal contracts were trading lower by 0.3% at Rs 47,864 for 10 grams at 0920 hours. March silver futures were trading 0.95% lower at Rs 68,271 a kilogram.

Anand Mahindra confirmed his investment in IIT Madras-incubated space technology start-up Agnikul Cosmos. "AGNIKUL is a startup that will build launch vehicles to carry micro/nanosatellites to low earth orbit on demand. They recently test-fired a fully 3D printed semi cryo rocket engine at IIT Madras. Terrific champions of the future. I've personally invested in the company," Mahindra tweeted.

Magma Fincorp touched a 52-week high of Rs 93.40 in the morning session on February 11 on news that Adar Poonawalla-backed Rising Sun Holdings will acquire a majority stake in the company. Rising Sun Holdings is controlled in personal capacity by Serum Institute of India CEO Adar Poonawalla. The deal will be carried out via a preferential issue of Magma Fincorp's equity shares worth Rs 3,456 cr.

Yes Bank was rallying high on the stock market during Thursday's session after the lender's CEO Prashant Kumar stated that he expects the bank's asset reconstruction company (ARC) business to operationalize within 6 six months. Kumar further expressed that many foreign firms have shown interest in the bank's ARC business. In September last year, Yes Bank had applied to the RBI for ARC launch.

Delhivery is planning to raise up to $800 million through an initial public offering (IPO) that might value the company at $3.2-4 billion. The supply chain services company is in talks with several banks, such as Kotak Mahindra Capital Company, Morgan Stanley, Citi, ICICI Securities, JP Morgan, and Bank of America. Earlier, in 2019, Delhivery raised $415 million in a Series F funding.