Gold prices dropped considerably by Rs 519 to Rs 49,140 per 10 gram in the Mumbai retail market on rupee appreciation and weak global cues. The yellow metal declined primarily due to the rise in US treasury yields and a decrease in US weekly jobless claims. The precious metal prices had declined Rs 187, or 0.38 per cent, for the week in the domestic market.

Vivo unveiled X60 Pro+ under its X60 series which is powered by the recently introduced Qualcomm Snapdragon 888 SoC. The smartphone introduced in China features a quad rear camera setup and has a single selfie shooter placed inside a hole-punch cutout. The mobile company rolled out a teaser for this latest edition last year in December when it launched Vivo X60 and Vivo X60 Pro smartphones.

Oil-to-telecom conglomerate Reliance Industries on Friday reported 12.5% rise in consolidated net profit at ₹13,101 crore for the quarter ending 31 December, 2020. It was ₹11,640 crore in the year-ago period. Consolidated revenue from operations declined 22% to ₹1.23 lakh crore as against ₹1.57 lakh crore in year-ago period.

39 IPOs were listed in 2020. Many of these IPOs have “doubled the wealth of investors,” 5paisa notes. However, some of these offerings have led to investors' loss. "Going forward, 2021 could be a strong year for IPOs again. The spectacular performance of recent IPOs in the year 2020 in the secondary market augurs well for the pipeline in the coming months..", a 5Paisa blog notes.

Oberoi Realty reported 57.1% growth YoY in Dec-20 quarter consolidated revenues at Rs828.41cr. There was a sharp surge in demand for higher-end apartments in Mumbai, which is where Oberoi Realty predominantly deals in. Consolidated Profit after tax (PAT) for the Dec-20 quarter was up 93.37% at Rs286.65cr on better operational performance.

Gland Pharma registered 33.05% growth YoY in Dec-20 quarter consolidated revenues at Rs859.42cr. The sharp business growth was driven through product launches, geographical expansion of business and an expansion in volumes of the existing portfolio. During the quarter, Gland Pharma filed for 12 ANDAs and 6 ANDAs were approved. Consolidated PAT for the Dec-20 quarter was up 32.45% at Rs204.11cr.

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Lava’s vision for 2021, is to reach 5% market share by going ahead with the transition from 4G to 5G-ready phones in 2021 itself. “We are already working on the roadmap to add 5G smartphones to our portfolio in 2021 itself. Rest assured, we will be part of the transition as it happens this time,” said Sunil Raina, president and business head at Lava International.

Infrastructure investment trust IndiGrid on Friday posted a 28% decline in consolidated net profit at Rs 94.58 crore for the December quarter. The poor performance was primarily due to higher depreciation and finance cost on account of acquisitions. However, the total income rose to Rs 439.03 crore in the quarter from Rs 344.91 crore in the same period a year ago.

Alphabet Inc is putting an end to its internet connectivity balloon business Loon, which was launched to offer a cost-effective alternative to cell towers for cellular connectivity in rural or remote areas. Google brought an end to the business saying that the road to commercial viability for the service has been proven to be riskier and longer than they had hoped.

To maintain safety and bolster trust among Edge users, Microsoft is introducing a new feature called Password Monitor. The software company revealed that the unique security feature has been developed using cryptography research and technology incubation and the feature is a culmination of the company's research on homomorphic encryption along with its practical applications.

The Aditya Birla group’s flagship company Grasim on Friday announced their decision of entering paint's business with an initial investment of ₹5,000 crore over the next three years. The foray into paints is a strategic portfolio choice for Grasim as it looks to identify new growth engines. Grasim’s strong balance sheet will facilitate this entry smoothly.

Crompton Greaves registered a 25.85% increased YoY in Dec-20 quarter consolidated revenues at Rs1,348.17cr. The company saw growth across both product lines with the electrical consumer products growing by 28% yoy and the lighting products growing 10%. For the Dec-20 quarter, the consolidated operating profits were up 48.3% at Rs193.17cr.

Indigo Paints' fresh issuance saw an oversubscription of over 117 times on the final day. Even though the company's shares are being offered at a higher range, at a price band of Rs1,488-1,490, the investors went all out on bidding for the IPO. The company's IPO comprises of fresh issuance of shares aggregating to Rs300cr, and an offer for sale (OFS) of 58,40,00 equity shares.

Century Textiles announced -9.03% decline yoy in Dec-20 quarter consolidated revenues at Rs803.23cr. While the textiles revenues were higher and the real estate revenues were flat, it was the Century pulp and paper business that actually took a hit during the quarter. Consolidated Profit after tax (PAT) from continuing operations for the Dec-20 quarter was down -12% at Rs36.53cr.