Mumbai's air quality has further deteriorated for the second consecutive day on Wednesday. Mumbai's air quality index (AQI) stood at 119 (moderate) in comparison to Delhi's 83 (Satisfactory), making it worse than the air quality in the capital city, according to the System of Air Quality and Weather Forecasting And Research (Safar). This has also impacted local trains, delaying them by 15 minutes beyond Kalyan in Mumbai suburban network due to foggy weather.

Shares of Biocon slipped over 4 per cent to a low of Rs 243.50 in Wednesday's intra-day trades after the company informed that the US Food and Drug Administration (USFDA) had asked for corrective measures at its Malaysia-based subsidiary post inspection.

At 10:20 AM, Biocon was down 3.5 per cent at Rs 245.50. The counter had seen trades of around 1.1 lakh shares as against the two-week average volume of around 71,000 shares on the BSE. Meanwhile, the S&P BSE Sensex quoted flat around 66,440 level.

Life Insurance Corporation (LIC) on Tuesday said that the Income Tax Authority has filed an appeal with the Bombay High Court against the Income Tax Appellate Tribunal's decision to give the insurer relief in two tax disputes amounting to Rs 4,993 crore.

Pursuant to the proviso to Regulation 30(4)(i)(d) read with Para B of Part A of Schedule III of the Listing Regulations, we wish to submit the details of litigation(s) with Income Tax Authority for which the Income Tax department has filed an appeal before the Bombay High Court against the decision of the Income Tax Appellate Tribunal.

The board of Maruti Suzuki India (MSIL) on Tuesday approved a proposal to issue shares worth Rs 12,841 crore to parent company Suzuki Motor Corporation (SMC) for acquiring Suzuki Motor Gujarat (SMG).

A Gujarat manufacturing plant – with an annual capacity of 750,000 units – is owned by SMG, a wholly-owned subsidiary of SMC. The shares issued to SMC will raise its ownership in MSIL from 56.48 per cent to 58.19 per cent, India's largest carmaker stated in a notice to BSE.

Leading political parties collected Rs 2,077.81 crore as funds during the Himachal Pradesh and Gujarat Assembly elections held in November-December 2022 and spent Rs 288.35 crore on election-related activities, according to an analysis by the Association of Democratic Reforms (ADR).

The ADR analysis is based on the election expenditure statements that political parties are required to submit to the Election Commission within 75 days of the completion of Assembly elections.

The top US general overseeing American forces in the Middle East made an unannounced trip to Israel on Tuesday, saying he hoped to ensure its military has what it needs as it fights a deepening war against Palestinian militant group Hamas.

The trip by Army General Michael "Erik" Kurilla, head of US Central Command, is the latest by a senior US official to Israel ahead of an expected ground assault by Israel's military in Gaza. It comes a day before a planned visit by US President Joe Biden to the country.

India's Aditya Birla Group-owned Grasim Industries said, on Monday, it will raise up to Rs 4,000 crore through a rights issue of shares at face value of Rs 2 each.

The fund raise comes a month after of the textile-to-chemicals maker announced plans to enter the paint business under the brand name 'Birla Opus' in the fourth-quarter of fiscal 2024.

The price of 24-carat gold declined Rs 340 in early trade on Tuesday, with ten grams of the precious metal selling for Rs 60,110, according the GoodReturns website. The price of silver remained unchanged, with one kilogram of the precious metal selling at Rs 74,100.

The price of 22-carat gold fell Rs 310, with the yellow metal selling at Rs 55,100.

Bajaj Hindusthan Sugar, one of the largest sugar producers in the country, on Sunday informed the BSE the National Company Law Tribunal (NCLT) had considered submissions by State Bank of India (SBI), the biggest lender in the country, for withdrawing its insolvency petition.

It said the next date for hearing was October 25.

The petition was moved because the outstanding has been paid by the company.

As Telangana approaches elections, the Congress' state unit is planning to add the plan offering 10 grams of gold to eligible women at the time of their marriage, according to party leaders, an ANI report said.

To this end, senior party officials are conducting discussions to work on the specifics of the scheme. "In addition to the existing commitment of providing Rs 1 lakh to the bride's family through the "Mahalakshmi" guarantee, the party is contemplating adding the provision of gold," Sridhar Babu, the Telangana Congress manifesto committee chairman said.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.