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Domestic equity benchmarks ended near the day's high on Thursday. FMCG and metal shares advanced while banks and financial shares corrected. As per provisional closing data, the barometer index, the S&P BSE Sensex, rose 222.13 points or 0.43% to 51,531.52. The Nifty 50 index gained 66.80 points or 0.44% to 15,173.30. The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index rose 0.45%. The S&P BSE Small-Cap index gained 1.06%. Buyers outnumbered sellers. On the BSE, 1741 shares rose and 1246 shares fell. A total of 139 shares were unchanged. COVID-19 Update: Total COVI...

Titan Company Ltd back to growth territory in Q3 FY 2020-21

Titan Company posted a 10.85% decline in standalone net profit to Rs 419 crore on 17.64% rise in total income to Rs 7,324 crore in Q3 FY21 over Q3 FY20.The Tata Group enterprise reported a onetime exceptional loss of Rs 137 crore on account of scaling down of its subsidiary Favre Leuba AG (FLAG). Consequently, the company has performed an impairment testing of its investment in FLAG and has made a provision of Rs 137 crore towards impairment in the quarter and disclosed under exceptional items. Profit before tax fell 1.4% to Rs 628 crore in Q3 FY21 over Q3 FY20. Total tax expense spiked 25.1...