Saregama announced its financial results for the 3rd Quarter of the Financial year 2020-21. Saregama ended at Rs 945 apiece up by 5.38% on BSE.  Company profit after tax (PAT) stood at Rs316 Mn registered a 201% growth compared to the same quarter last year. Even on the QoQ basis, the Q3FY21’s consolidated turnover at Rs1,339 Mn and PBT at Rs414 Mn grew by 24% and 8% respectively.

IRFC is looking forward to finalise the basis of IPO allotment on January 25, as per the tentative schedule available in the prospectus. The unblocking of funds from ASBA account will take place on January 27 and the shares will get credited to Demat accounts of eligible investors on January 28, followed by listing of shares on January 29.

Tata Motors partners with the country’s leading private banks, including HDFC Bank, ICICI Bank, and Yes Bank, among others to offer its commercial vehicle customers a wide array of beneficial financial offerings. These strategic tie-ups aim to enhance value offerings for customers of both, new as well as pre-owned vehicles, throughout the customer lifecycle.

Jindal Steel and Power registered a robust 39.96% growth in YoY in Dec-20 quarter consolidated revenues at Rs10,533.51cr. The company reported good traction in both its principal business segments- iron & steel and power. Consolidated PAT for the Q3 was a turnaround. In the Dec-19 quarter, the company had reported net loss of Rs257cr but turned around to report Rs2432cr profit in this quarter.

India is optimistic that global oil majors will team up with investment to win the race for the nation’s biggest asset sale of the state-owned refiner Bharat Petroleum Corp. “When the price bidding comes up, I am hopeful some of the major players will come through this fund route," Oil Minister Dharmendra Pradhan said in an interview with Bloomberg Television on Thursday.

Hero MotoCorp on Thursday reported that it has crossed the 100-million (10 crore) mark in cumulative manufactured units with the launch of Xtreme160R. The launch took place from the company's Haridwar facility, it added. Hero Motocorp is the largest two-wheeler manufacturer in the world, with five manufacturing facilities based at Dharuhera, Gurugram, Neemrana, Haridwar, and Halol.

The Kagal (Kolhapur), Nasik, and Bhare (Pune) plants of Kirloskar Oil Engines and the plant of the subsidiary, La-Gajjar Machineries have become fully operational with effect from January 18, 2021. The management announced that the requisite safety measures have been put in place for the individuals operating at these places of business as per the guidelines issued by the government.

Bajaj Auto registered a highest-ever standalone profit at Rs 1,556.3 crore for the quarter ended December 2020, rising 23.4 percent compared to corresponding period, driven by volume growth and operating performance. The standalone revenue increased by 16.6 percent year-on-year to Rs 8,910 crore in Q3FY21, which was also the highest ever in a single quarter.

Asian Paints on Thursday registered a 62% YoY jump in net profit to Rs 1,238.34 crore for the December quarter. The paints manufacturer had reported a net profit of Rs 764.43 crore for the corresponding quarter last year. Profit before tax (PBT) rose 60.5 per cent to Rs 1,696.76 crore in the third quarter of the current financial year, from Rs 1,057.28 crore in the year-ago period.

Textiles major Raymond Ltd on Thursday said its board has approved raising up to Rs 200 crore through non-convertible debentures (NCDs) on a private placement basis. A meeting of the committee of the board of directors of the company for the approval of the NCDs was held today i.e. on January 21, 2021. Raymond Ltd is the largest integrated manufacturer of fabric in the world based in Mumbai.

BMW plans to introduce 25 new products in India this year as it looks to accelerate sales growth, leaving behind the worst of the pandemic. Recently, the automaker launched BMW 3 Series Gran Limousine priced between Rs 51.5 lakh and Rs 53.9 lakh (ex-showroom Delhi). the company expects growth in India to be in double digits this year on the back of an increasing demand for personal mobility.

The Indigo Paints IPO has been subscribed 3.8 times so far on January 21, the second day of bidding. Investors including employees have put in bids for 2.1 crore equity shares against offer size of over 55.18 lakh equity shares. Over the past years, Indigo Paints has listed an organic CAGR of 27 percent versus the top-4 players' aggregate of 10%.

The centre might revamp the Information Technology (IT) Act, which was promulgated in 2000 and last amended in 2008, to cover areas such as video streaming, online gaming, artificial intelligence and machine learning.  The modification is necessary, given the ubiquitous nature of smartphones and social media today. Changes to India’s IT Act would be watched keenly the world over.

The Centre is planning to sell its 26.12% stake in Tata Communications (TCL) through the OFS to raise Rs 8,000 cr. The Centre will sell a big part of its stock to majority stockholder– the Tatas and a smaller part through OFS to the stock market. The Department of Investment and Public Asset Management has invited bids for the OFS from merchant bankers-cum-selling brokers till February 3.

India’s Hydrocarbon trade with the United States climbed from negligible in 2016 to $9.2 billion in 2020, increasing the share of energy in overall bilateral trade from less than 1-10% in recent years. However, with the Joe Biden administration taking charge, the energy association between the two countries is going to take a fresh turn moving more in favour of renewable energy.