Ubs Principal Capital Asia Ltd on Tuesday sold shares of IndusInd Bank worth nearly Rs 148 crore through an open market transaction. On BSE, 23 lakh scrips of the private lender were sold at an average price of Rs 642.85 apiece. This translated into a total deal value of Rs 147.85 crore. The shares of IndusInd Bank were purchased by BofA Securities Europe SA at the same price.

Google has been granted an Indian patent for the automatic expanded language search method. An example of the algorithm: if an English-speaking user searches for a recipe of a Chinese dish, content written in Chinese could be included in the content that was being searched. An authentic recipe of the dish written in Chinese could be found, translated into English, and presented to the user

Care Ratings reported an increase of 5.93% in top line sales revenues for the Sep-20 quarter at Rs75.88cr. While the sales did dip sharply in the Jun-20 quarter to half the normal levels, the revenues in September have shown a bounce back to pre-COVID levels. The operating profits for the quarter ended Sep-20 was 15.42% higher on a yoy basis at Rs39.39cr due to better cost management.

Jagran Prakashan reported fall of 43.8% in top line sales for the Sep-20 quarter at Rs289.10cr. The net profits for the Sep-20 quarter was down 91.93% at Rs10.15cr. The lockdown had taken its toll on subscription revenues to an extent but had a substantial impact on the advertisement revenues and that is likely to take some time to pick up.

Comcast is in talks with Walmart Inc. to develop and distribute smart TVs, according to people familiar with the matter, as the cable giant looks to become a dominant hub for streaming apps. That would put Comcast up against tech companies that already are the major players in the streaming era’s living room—Apple TV maker Apple Inc. , Fire TV maker Amazon.com Inc. & Roku Inc.

Multiplex chain PVR Cinemas has reported consolidated losses of Rs. 184 crore for Q22021 as compared to profit of Rs. 48 crore during the corresponding period of last year. Consolidated revenue for the period ended 30 September fell from Rs. 979 crore to ₹111 crore during the corresponding period of last year, a drop of 88.6%, impacted by outbreak of covid-19 and consequent lockdown.

Ajanta Pharma reported increase of 11.38% in top line sales for the Sep-20 quarter at Rs715.91cr. Being in the healthcare industry; the business was not overly impacted by the lockdown during the June quarter. Hence the impact was limited. The operating profits for the quarter ended Sep-20 were 59.34% higher on a yoy basis at Rs245.92cr due to favorable working capital movements.

The Shanghai Stock Exchange suspended first-day trading in Ant Group on the Shanghai stock exchange just before its scheduled listing Thursday. The exchange cited changes in the financial technology regulatory environment after regulators held a meeting Monday with senior Ant Group executives, including founder Jack Ma.

Adani Total Gas Ltd, the joint venture between Adani Gas Ltd and French energy major Total Gas Ltd will raise $400 million selling bonds to foreign investors to meet its capital expenditure requirement, an official said today. "Over the next five years we need around ₹8,000 crore to fund our capital expenditure. This is part financing for the same," said Suresh Manglani, CEO, Adani Gas said.

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.