Mondelez said its business in India returned to growth in the Sep quarter after a slump in the second quarter driven by a surge in demand for its chocolates and cookies as consumers continued to snack and trade channels opened up, the company’s top management said. India returned to growth with a high single-digit increase for the quarter driven by chocolate and significant biscuit growth.

Walmart-owned Flipkart on Tuesday said it has strengthened its gaming strategy through the acquisition of Intellectual Property from Mech Mocha for an undisclosed amount. Mech Mocha is a mobile gaming startup that runs India''s first live-social gaming platform ''Hello Play''. The game is available in seven Indian local languages and has over 10 games, and Cricket.

Humans are now returning to stocking the shelves in the stores of Walmart's stores, a little after the retail giant ditched ties with a robotics firm that supplied 500 robots to Walmart's more than 4,700 stores in the United States. Walmart US Chief Executive John Furner worried about shopper's reaction to robots, which led to the creation of a simple and cost-effective way to manage the products.

JSW Energy on November 3 said its consolidated net profit remained almost at Rs 352.12 crore in the September quarter this fiscal. The company had reported a net profit of Rs 352.98 crore in the quarter ended September 30, 2019, it said in a regulatory filing. The total income declined to Rs 1,999.52 crore in the second quarter, from Rs 2,231.85 crore in the same period last year.

Muthoot Finance on Tuesday reported a 2.5% increase in consolidated net profit at ₹930.80 crore for the second quarter ended September of the current fiscal year. The company had posted a net profit of ₹908.54 crore in the same quarter of previous fiscal year. Total income grew 17.4% to ₹2,824.19 crore during July-September period of 2020-21 from ₹2,406.39 crore in the same period of last quarter.

Transport authorities in Mumbai have issued a notice to ride-hailing app Rapido and asked it to shut its bike-taxi service immediately as the Maharashtra government has not yet given permission for it, officials said on Tuesday. Rapido last Friday announced the launch of its bike- taxi service here and said it plans to take onboard two lakh bike drivers in next two years.

Punjab National Bank (PNB) on Tuesday said it is planning to raise Rs 7,000 crore through share sale next month to shore up its capital base for meeting business plan. The country's second largest state-owned lender expects the credit growth to pick up slightly in the second half but it would be less than 5 per cent for the entire fiscal. The bank has already taken approval from the board.

Bharti Airtel  today said that its subsidiary Nxtra Data Limited has signed a Memorandum of Understanding with the Maharashtra Industrial Development Corporation for setting up two new data centre campuses in the state. The new facilities will come up at Mumbai and Pune respectively.   Nxtra by Airtel offers secure data centre services to leading Indian and global enterprises.

Sun Pharmaceutical Industries Ltd.’s quarterly profit rose 71% and beat estimates as a recovery in hospital visits and medicine prescriptions helped India’s biggest drug maker rebound from a surprise loss in the preceding quarter. Mumbai-based Sun Pharma posted a net income of ₹1,810 crore ($243.3 million) for the quarter ended Sept. 30, compared to the ₹1,131 crore profit estimate.

Crisis-ridden Punjab and Maharashtra Co-operative Bank has sought potential bidders for the reconstruction of the bank. In an expression of interest (EoI) released on its website on Tuesday, the lender has called for equity investor or group of investors willing to take control of the bank.

Kansai Nerolac reported rise of 4.35% in top line sales for the Sep-20 quarter at Rs1,383.21cr. In the Jun-20 quarter, the sales had slipped to almost half due to the lockdown and a virtual shutdown in plants, but that has been more than recouped by the end of the Sep-20 quarter. The operating profits for the quarter ended Sep-20 was 23.90% higher on a yoy basis at Rs229.27cr.

Realty firm Godrej Properties Ltd on Tuesday reported a 78% fall in its consolidated net profit at ₹7.10 crore for the quarter ended September on lower income due to the COVID-19 pandemic. Its net profit stood at ₹31.57 crore in the year-ago period. Total income for the second quarter of this fiscal also fell to ₹250.23 crore from ₹395.11 crore in the corresponding period of the previous year.

L&T has once again emerged as the lowest bidder for another bullet train contract. The National High-Speed Rail Corporation (NHSRCL) has announced L&T as the lowest bidder for the design and construction of 88 km (approx). length of the viaduct between Vadodara and Ahmedabad in Gujarat including the construction of Anand/Nadiad Station for Mumbai- Ahmedabad High-Speed Rail corridor (508 km).

Cadila Healthcare (Zydus Cadila) said it has completed enrolment and dosing of 1,000 volunteers in phase-2 clinical trials (immunogenicity evaluation) of its potential Covid-19 vaccine, ZyCoV-D, and plans to submit the data to the Drug Controller General of India (DCGI) this month. Immunogenicity refers to the ability of the vaccine to provoke an immune response in the human body.

Troubled private sector lender Yes Bank is in discussions with several asset reconstruction companies to sell off bad loans worth Rs 32,344 crore. Yes Bank has already made provisions for 76 percent of its gross non-performing assets worth Rs 24,476 crore and is looking at the sale to “regain its place” in India's banking sector, a report noted.