US investors reduced the value of their holding in Byju’s and Swiggy last year. US-based asset manager BlackRock has reportedly reduced the valuation of the edtech giant Byju’s by about 50 per cent to $11.5 billion. This is a sharp decrease from the $22 billion at which the Bengaluru-based edtech decacorn was last valued in 2022, according to the filings accessed by tech-focused media platform The Arc. BlackRock has been marking down the valuation of Byju’s since June last year.

India’s benchmark indices witnessed their best day in more than four months on Friday with heavyweights such as Reliance Industries, ICICI Bank, and Infosys leading the charge.

The Sensex rose 1,031 points, or 1.8 per cent, to end at 58,991, while the Nifty50 index settled at 17,360 after gaining 279 points, or 1.6 per cent —the biggest gains for the two indices since November 11. Domestic institutional investors were buyers to the tune of Rs 2,480 crore, while foreign investors poured in Rs 358 crore.

The death toll in the Indore temple stepwell roof collapse incident rose to 35 on Friday and a search operation is currently underway to trace one missing person, an official said.

The slab constructed on top of an ancient 'bawdi' or stepwell collapsed during a 'havan' programme held on the occasion of Ram Navami at the Beleshwar Mahadev Jhulelal temple in the city on Thursday, plunging several devotees into the water reservoir below.

India witnessed a single-day rise of 3,095 fresh COVID-19 cases with the active caseload increasing to 15,208, according to Union Health ministry data updated on Friday.

The toll has risen to 5,30,867 with five deaths -- one each reported by Goa and Gujarat and three reconciled by Kerala -- in a span of 24 hours, the data updated at 8 am said.

With stock exchanges freezing shares of its promoters, Patanjali Foods on Friday clarified that it is not considering Follow-on Public Offer (FPO) to increase public shareholding but exploring other modes like Offer For Sale through stock exchanges and qualified institutional placement.

Stock exchanges NSE and BSE have frozen the shares of promoters of Ramdev-led Patanjali Group firm Patanjali Foods, which is a major edible oil player.

Shares of Astec Lifesciences (Astec) surged 14 per cent to Rs 1,474.20 on the BSE in Friday’s intra-day trade on the back of heavy volumes. In the past two trading days, the stock of the pesticides & agrochemicals company has zoomed 37 per cent. In comparison, the S&P BSE Sensex was up 2 per cent during the same period.

At 01:07 pm; the stock was up 10 per cent as against a 1.5 per cent rise in the benchmark index.

All India Anna Dravida Munnetra Kazhagam (AIADMK) newly appointed General Secretary Edappadi Karuppa Palaniswami on Thursday said the party would continue its alliance with the BJP.

"We never said no. We have also always said that AIADMK is in alliance with the BJP. We were in alliance during the Erode East by poll. As of now, we are still travelling together in alliance towards the 2024 Parliament elections as well," said Palaniswami.

Donald Trump was indicted in New York for directing hush money payments to a porn star during his 2016 campaign, a historic event in American law and politics that is certain to divide an already polarized society and electorate.

A grand jury returned the indictment on Thursday, according to two people with knowledge of the matter, who asked not to be identified because the charges haven’t yet been made public.

Rating agency CRISIL has revised outlook on Anil Agarwal-controlled Vedanta Ltd’s (Vedanta) term loans and debentures from “stable” to “negative”.

The change in outlook reflects the possibility of higher-than-expected financial leverage and lower financial flexibility with reducing ratio of cash surplus to one-year maturities for FY23 and FY24.

Shares of FSN E-commerce Ventures, the parent company of Nykaa, continued to reel under pressure, and were down 2 per cent at Rs 125.05 on the BSE in Wednesday’s intra-day trade. The stock of the beauty e-retailer traded lower for the eight straight day and has shed 11 per cent during this period. It now quotes close to its all-time low of Rs 120.75, touched on January 23, 2023.

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