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With these wins, ATGL now has city gas distribution licences for 52 GAs, including 19 that it operates in a joint venture with Indian Oil. This is the largest number of licences for any private player. These 52 GAs cover 124 districts across 18 states and three union territories.

Shares of omnichannel payment solutions provider AGS Transact Technologies ended below its IPO price on its listing day on Monday after a flat debut on the bourses.

Shyamal Kumar, co-founder & CEO, Lavelle Networks, said the company is “excited that its product and early market success will now be massively accelerated by this transformational partnership with Airtel”.

Its revenue fell to Rs 1,887.3 crore from Rs 2,191.3 crore a year ago but did not offer any reason for the decline in both topline and bottomline.

AGS Transact Tech, which debuted today, also saw many transactions, involving some trading firms and individuals, data on NSE showed.

Indian Oil’s quarterly profit rose to Rs 5,861 crore from Rs 4,917 crore in the same period a year earlier due to higher refining margins, the company said in a statement.

The unexpected bond switch involving Rs 1.2 lakh crore of debt helped benchmark yields soften nine basis points. Ten-year papers Monday yielded 6.68 per cent versus 6.77 per cent Friday.

Its net interest income was at Rs 194 crore compared with Rs 164 crore over the same period. The operating profit was Rs 59 crore while it was Rs 52 crore in the corresponding period in 2020.

“Corporate tax rates were lowered three years ago or so and we have seen a sharp increase in the level of corporate tax collection but individual tax rates actually have gone up over that period of time. So some rationalisation of rates would help.”

The Dow Jones Industrial Average fell 34.30 points, or 0.10 per cent, at the open to 34,691.17.