Top headlines: WHO clears Covaxin; Cairn cements end of tax dispute

Business Standard brings you the top headlines on Wednesday

SBI's Q2 net profit surges 67% YoY to record Rs 7,627 crore

Country’s largest lender State Bank of India (SBI) on Wednesday reported a 67 per cent year-on-year (YoY) jump in net profit at Rs 7,627 crore in the July-September quarter (Q2FY22), aided by lower provisions. This is the highest ever quarterly net profit for the bank.

Net profit for the quarter beat street expectations as analysts had estimated a profit of Rs 7,450 crore. In the year-ago period, the bank had posted a net profit of Rs 4,574 crore. Read more

Tax dispute: Cairn gives undertakings