Newgen Software Technologies Limited announced revenue from operations at Rs185.5cr in the financial results for the third quarter ended December on Wednesday. The revenue saw an increase of 20% QoQ as compared to Rs155.0cr in Q2FY21 and 0.3% YoY. Profit after tax increased by 48% YoY at Rs35.4cr from Rs24cr in Q3FY20 driven by cost rationalisations.

All-India power demand on Wednesday morning touched a record high of 185.82 gigawatts (GW), said Power Secretary S N Sahai. It has crossed previous all India demand of 182.89 GW i.e. 182, 888 MW on 30th December, 2020. The rising power demand shows perk up in economic activities leading to higher commercial and industrial demand.

ICICI Bank on January 20 introduced a new mobile application ‘InstaFX’ for authorised money changers. The app will help customers of any bank get ‘ICICI Bank Forex Prepaid Card’ swiftly. It enables the authorised money changers, who are partners of the Bank, to complete the KYC verification and validation of customers digitally and on a real-time basis.

Maruti Suzuki India on Wednesday commenced the export of its compact off-roader Jimny from India. The parent company of this automobile, Suzuki Motor Corporation is planning to make India a global production hub for the model. The first shipment of 184 units left from Mundra port to Latin American countries such as Columbia and Peru.

LT Foods on Wednesday announced the acquisition of a 30% stake in the Netherlands-based organic speciality food company Leev.nu. Nature Bio Foods BV, a subsidiary of LT Foods, gained 30% stake in Leev.nu, with an option to acquire a further 21 per cent stake at the end of five years. After this deal, Leev.nu will have access to the organic products grown by Nature Bio Foods.

Punjab & Sind Bank on Wednesday announced that the government has raised its authorised capital to Rs 10,000 crore. Last year, the government had approved capital infusion of Rs 5,500 crore into the bank through preferential allotment of shares. The fund was approved from Rs 20,000 crore cleared by Parliament in September 2020 for capital infusion in PSBs.

Federal Bank on Wednesday announced an 8% decline in net profit at ₹404.10 crore for the third quarter ended December 2020, mainly due to higher provisioning for bad loans. The private sector lender had registered a profit of ₹440.64 crore in the year-ago period. Federal Bank Limited is an Indian private sector, scheduled commercial bank headquartered in Aluva, Kochi.

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Wockhardt stock jumped almost 6% in intraday trade on BSE on January 20 after the company's December-quarter shareholding pattern revealed Rakesh Jhunjhunwala bought shares of the company. Jhunjhunwala held 25,00,005 shares, or 2.26% stake, in Wockhardt at the end of December quarter. It cannot be ascertained if this was the first time when Jhunjhunwala bought a stake in the company.

Zydus Cadila initiated enrolling and dosing participants for its phase 3 trial to determine the efficacy of its covid-19 shot ZyCov-D.“We started enrolment and dosing of participants from Saturday. The enrolment and dosing happen between 9 am and 5 pm," the principal investigator said. Unlike Bharat Biotech’s Covaxin and Covishield which are two-dose vaccines, ZyCov-D requires three shots.

Hindustan Zinc on Wednesday recorded 36% increase in net profit at ₹2,200 crore the quarter ending 31 December, 2020. It was ₹1,620 crore in the year-ago period. Revenue from operations rose 28% to ₹5,915 crore as against ₹4,626 crore in December 2019. Hindustan Zinc Limited (HZL) is an Indian integrated mining and resources producer of zinc, lead, silver and cadmium.

After the strong rally since April, there is a limited upside in Indian equities and the markets will end 2021 with a low single-digit gain, an American brokerage said on Wednesday. Bofa Securities said it is “not as bullish" and gave a target of 15,000 points for the 50-share benchmark Nifty by the end of the newly started year.

SpiceJet added 2 wide-body planes to its cargo fleet, helping it transport shipment, including vaccines, to long-haul destinations in Europe and North America. The two planes are a Boeing 767 and a Airbus A330, taking its fleet to a total of 19 cargo aircraft. This includes five wide-body jets. Other than the wide-body aircraft, SpiceJet’s cargo fleet includes 5 Boeing 737 freighters and 9 Q-400s.

Meera Industries Limited (MIL), announced that it has received export Order of USD $171,000/- and a domestic Order of ₹94,00,000/- Both the are from Technical Textile Segments. Fenner Conveyor Belting Private Limited is a member of Fenor Dunlop Conveyor Belting Worldwide, a division of Fenor PLC, the world's leading manufacturer of conveyor belting for mining and industrial applications.

L&T on Wednesday announced its construction arm achieved orders worth up to Rs 5,000 crore in Bangladesh. The scope of these packages involves the design, supply, testing and commissioning of extra high voltage transmission lines. The company did not provide the exact value of the contract. However, as per its project classification, "large" orders are valued between Rs 2500 cr to Rs 5000 cr.