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.

Biocon Biologics announced that Kixelle, a biosimilar insulin aspart, co-developed with NASDAQ-listed Viatris Inc., has received marketing authorisation approval from the European Commission. The drug is used in the treatment of diabetes mellitus in adults, adolescents and children aged one year and above. The centralised marketing authorisation granted by the EC is valid in all EU Member States.

Bumble raised $2.15 billion by selling shares, its first move in the stock market after listing. The dating app raised its IPO price to $43/share to sell 50 million shares. The move now values the company at $8.2 billion - up from the $3 billion valuations in 2019. Notably, this is the second time the app has raised its IPO pricing after it targetted 34.5 million shares at $30/share.

Karur Vysya Bank (KVB) announced a 133% increase in its profit for the Q3FY21 to Rs 35 crore from Rs 15 crore during the same period last year. Net interest margin stood at 3.29% and was almost flat compared to 3.33% a year ago. Non-interest income for the quarter, excluding treasury profit of Rs 54 crore, was at Rs 197 crore during the latest quarter, compared with Rs 215 crore a year ago.

Tasty Bite Eatables announced 4.06% growth in total revenues for the Q3FY21 on a consolidated basis at Rs118.81cr. The company is into the manufacture and sale of packaged foods and snack items in order to cater to the fast-growing market. Revenues have been rather stable except for a minor hiccup during the pandemic. The consolidated PAT for Q3FY21 was down -1.4% at Rs13.49cr.

Venture debt fund Innoven Capital infused Rs 35 crore into Pepperfry. This is its third investment in the online furniture retail platform. “The funds will be used to increase our footprint across the country and capitalise us even beyond achieving profitability,” Neelesh Talathi, CFO, Pepperfry. The firm registered a “strong growth” through the COVID-19 pandemic and is on track to profitability.

The Indian rupee opened higher at 72.81 per dollar on Friday against the previous close of 72.86, amid volatile trade seen in the domestic equity market. On February 11, the Indian currency ended flat at 72.86 per dollar against the previous close of 72.84. At 10:03 IST, the Sensex was up 42.67 points or 0.08% at 51,574.19, and the Nifty up 8.90 points or 0.06% at 15,182.20.