Shares of TRF were locked in the 20 per cent upper circuit at Rs 328.40 on BSE in Wednesday's early trade after the company withdrew its merger with Tata Steel.

The plan was called off as TRF said it has seen its business performance improve in the last few quarters.

In the past two trading days, the stock of the Tata Group firm has zoomed 29 per cent. Currently, it is trading at its highest level since September 2022.

Congress MP Manish Tewari has moved an adjournment motion in the Lok Sabha seeking a discussion on the border situation with China in the Lower House on Wednesday.

The MP from Sri Anandpur Sahib constituency sought suspension of Zero Hour, Question Hour, and other businesses of the day.

Shares of State Bank of India (SBI) hit a record high of Rs 670, gaining 3 per cent on the BSE in Wednesday's intraday trade, amid heavy volumes. In the past two trading days, the stock of the largest state-owned lender has rallied 4 per cent on the back of strong growth outlook over the medium-term. The stock price of SBI surpassed its previous high of Rs 660.40 touched on December 20, 2023.

As many as 10.26 million equity shares of SBI changed hands cumulatively on the NSE and BSE in the first 32 minutes of trade.

Congress MP Rahul Gandhi on Tuesday reaffirmed the cohesion within the INDIA bloc, addressing Janata Dal (United) chief Nitish Kumar's political manoeuvre.

Addressing a press conference in Jharkhand's Gumla, Rahul Gandhi emphasised the continued involvement of key members, including Mamata Banerjee, within the alliance framework.

A group of start-up founders has written to the PM, the FM, and the Reserve Bank of India (RBI), urging a review of the regulator's directive that ordered Paytm Payments Bank (PPBL) to cease major banking services after February 29.

The letter, endorsed by a dozen entrepreneurs, features names such as Yashish Dahiya of Policy Bazaar, Deepak Shenoy of Capital Mind, Murugavel Janakiraman of Bharat Matrimony, Rajesh Magow of MakeMyTrip, and Ritesh Malik of Innov 8, among others.

National Company Law Tribunal (NCLT) on Tuesday issued notice in a plea filed by Zee Entertainment Enterprises Ltd (ZEEL), which sought directions to enforce its merger with Sony, according to a report by Moneycontrol.

It said that the tribunal had granted Sony two weeks to file its reply and listed the case for hearing on March 12. On January 30, NCLT had issued a similar notice on a plea filed by Mad Men Films seeking the implementation of the merger with Sony. Mad Men Films is a shareholder of ZEEL.

Shares of One 97 Communications (OCL), parent of fintech giant Paytm, bounced back 8 per cent to Rs 472.50 from its record low of Rs 395.50 on the BSE in Tuesday’s intra-day trade amid heavy volumes.

The stock fell below its previous low of Rs 438.35 touched on November 23, 2022. In the past four trading sessions, the stock tanked 48 per cent from level of Rs 761 on January 31, after the Reserve Bank of India (RBI) ordered Paytm Payments Bank (PPBL), associate company of OCL, to cease major banking services after February 29.

BLS E-Services has made a robust market debut with the share price of the company more-than-doubled and zooming 129 per cent to Rs 309, as against its issue price of Rs 135 per share on BSE on Tuesday. On the National Stock Exchange (NSE), the stock of the IT-enabled services company opened at Rs 305, up 126 per cent over its issue price.

Post listing, BLS E-Services has moved higher by 140 per cent to Rs 323.90 on the BSE at 10:05 am. A combined nearly 14 million equity shares changed hands on the NSE and BSE.

Jio Financial Services Ltd (JFSL) late on Monday denied reports saying that it was in talks with Paytm to acquire its wallet business.

In a regulatory filing, the company said, "We clarify that the news item is speculative, and we have not been in any negotiations in this regard."

In a letter dated February 5, 2024, the Reserve Bank of India (RBI) has approved the application of HDFC Bank Limited to acquire an "aggregate holding" of up to 9.5 per cent of the paid-up share capital or voting rights in IndusInd Bank Limited, according to a regulatory filing by IndusInd Bank with the BSE. The approval has been granted following the application submitted by HDFC Bank to the RBI.

The filing said that RBI's approval is subject to compliance with the relevant provisions of the Banking Regulations Act, 1949.

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