Analysts are rushing to recommend investors buy shares of Hyundai Motor India Ltd., a much-needed show of support after the stock’s disappointing trading debut Tuesday.

The local unit of the Korean automaker now has a total of six positive recommendations, from Nomura Holdings Inc. and Macquarie Group Ltd. along with local brokers including Motilal Oswal Securities Ltd.

Jio Financial Services Ltd., controlled by billionaire Mukesh Ambani, has held talks with Allianz SE to set up an insurance partnership in India as the German firm seeks to scrap two existing joint ventures in the country, according to people familiar with the matter.

Allianz and Jio Financial are looking to establish a general insurance and a life insurance company in the South Asian nation, the people said, asking not to be identified as the information isn’t public.

Reliance Infrastructure on Tuesday said it will set up the largest integrated project for manufacturing of explosives, ammunition and small arms in Ratnagiri, Maharashtra and will invest over Rs 10,000 crore in the project over the next 10 years.

Reliance Infrastructure through its subsidiaries has exported defence equipment worth more than Rs 1,000 crore over a period of time, it added.

Congress general secretary Priyanka Gandhi Vadra will mark her electoral debut by filing her nomination papers on Wednesday for the upcoming Lok Sabha bypoll in Wayanad.

Priyanka arrived in the hill district on Tuesday night along with her mother, Congress Parliamentary party chairperson Sonia Gandhi.

Adani family-owned Ambuja Cements has signed a binding agreement to acquire a 46.8 per cent stake in Orient Cement Ltd (OCL) with an investment of Rs 8,100 crore.

The acquisition of the CK Birla-owned company helps move towards the target capacity of 140 MTPA (Million Tonnes Per Annum) by 2030. With this, Ambuja has overtaken Ultratech, an Aditya Birla Group company, which was also in the race to buy the company.

The Kshatriya Karni Sena has announced a reward for the encounter of jailed gangster Lawrence Bishnoi, whose gang recently claimed responsibility for the murder of NCP leader Baba Siddique in Mumbai. Raj Shekhawat, the national president of Kshatriya Karni Sena, reportedly made a video statement offering Rs 1,11,11,111 to any police officer who kills Bishnoi.

Shares of Hyundai Motor India, the country’s second-largest automobile player, made a negative debut on the stock exchanges. The stock was listed at Rs 1,931 on the BSE, dicount of 1.47 per cent over its issue price of Rs 1,960 per share.

On the National Stock Exchange (NSE), Hyundai Motor India listed at Rs1,934, reflecting a 1.32 per cent discount over its IPO price.

As a thick layer of smog enveloped the National Capital Region on Tuesday, the air quality index (AQI) in Delhi has been reported at an "unhealthy" level of 214, according to data from aqi.in. In the Anand Vihar area, conditions are even worse, with a "very poor" AQI of 382, as noted by the Central Pollution Control Board (CPCB).

The PM2.5 concentration in the city is currently over ten times higher than the World Health Organization's recommended limits for 24-hour air quality exposure.

Agitating junior doctors on Monday evening withdrew their weeks-long hunger strike over the RG Kar incident, hours after a meeting with West Bengal Chief Minister Mamata Banerjee.

The medics also called off their proposed shutdown in the state's health sector from Tuesday till an indefinite period.

Shares of Hyundai Motor India Ltd. are set to start trading in Mumbai on Tuesday after a $3.3 billion initial public offering that was the South Asian nation’s largest ever.

The debut may set the tone for a string of other billion-dollar-plus deals coming to the market in India, one of the world’s most vibrant venues for new share sales this year.

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