Walmart-owned online fashion retailer Myntra registered a record high of 60 million monthly active users this festive season. Driven by a growing customer base, with differentiated offerings for Gen Z, and a robust portfolio of international fashion and beauty brands, the platform solidified its position in the premium and mass premium segments, growing faster than the market.

Backed by a tech-led experience and a choice of 2,300,000 styles, the platform recorded 75 million new app users in 2023, with its loyal customer base growing by 100 per cent year-over-year in the last 18 months.

The Parliament witnessed a major security breach on Wednesday when two unidentified men jumped from the visitor's gallery of the Lok Sabha with what looked like gas canisters. The House was adjourned following this breach. The incident happened when Khagen Murmu, a BJP member of Parliament from Maldaha (West Bengal), was speaking in the Lok Sabha.

Adhir Ranjan Chowdhury, leader of Congress in Lok Sabha, said that the men hurled something like a gas canister which emitted a gas inside the House.

Electrical equipment manufacturer HPL Electric and Power Ltd on Wednesday announced that it has won smart meter orders worth Rs 545 crore from various customers.

HPL Electric and Power produces a diverse range of electric equipment, including metering solutions, switchgear, lighting equipment and wires and cables, and caters to consumer and institutional customers in the electrical equipment industry.

Union minister Sarbananda Sonowal said on Wednesday that the North East has become a "powerhouse of India's growth" under Prime Minister Narendra Modi's leadership.

Addressing a press conference, the former Assam chief minister said Modi has delivered more than his guarantees for the region during his over nine years at the helm during which "peace and security" have been restored in the region which faced decades of "neglect" under the Congress' rule.

Impact investment firm Omidyar Network India, which has a dual-chequebook investment model, is exiting India after a decade of operations, reported TechCrunch.

"Over the last decade, Omidyar Network India has played a critical role in building the impact investment sector, especially focused on the Next Half Billion. We are proud of our work in this space, which is now attracting larger pools of capital from local venture capital or impact investors and domestic philanthropists than ever before.

Aditya Birla Group’s Hindalco Industries said on Tuesday it will invest Rs 800 crore to set up a battery aluminium foil plant in Odisha as it evaluates opportunities in the electric mobility value chain.

The 25,000-tonne plant will be commissioned by July 2025. “The company is investing Rs 800 crore to build a new plant near Sambalpur in Odisha that will initially produce 25,000 tonnes of the resilient product which forms the backbone of Lithium-ion and Sodium-ion cells,” said the company in a statement.

The price of 24-carat gold fell Rs 220 during early trade on Wednesday, with ten grams of the precious metal selling at Rs 61,910, according to the GoodReturns website. The price of silver also dropped Rs 100, with one kilogram of the precious metal selling at Rs 75,700.

The price of 22-carat gold was down by Rs 200, with the yellow metal selling at Rs 56,750.

Shares of Laurus Labs slipped 4 per cent to Rs 373.15 on the BSE in Wednesday’s intra-day trade after the US Food & Drug Administration (USFDA) issued Form 483 with five observations to the company’s arm Laurus Synthesis Private Limited (LSPL) for its manufacturing facility in Parawada, Anakapalli, near Visakhapatnam.

In an exchange filing, the company said LSPL, a wholly-owned subsidiary of Laurus Labs underwent USFDA inspection for the manufacturing facility in Parawada, Anakapalli, near Visakhapatnam, Andhra Pradesh.

The Bharatiya Janata Party (BJP) on Monday named Ujjain South MLA Mohan Yadav as the new chief minister-elect.

“I am a small worker of the party. I thank all of you, the state leadership and the central leadership. With your love and support, I will try to fulfil my responsibilities,” Yadav said.

As part of a broader strategy to service large orders, food delivery major Zomato aims to venture into the catering business by employing its existing network of restaurant partners, according to a report by The Economic Times (ET).

Rakesh Ranjan, chief executive for food delivery, was quoted as saying that despite concerns about the potential impact on profitability, Zomato is also looking to add more offerings to its loyalty programme, Gold.

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