Siddaramaiah will be the next chief minister of Karnataka with DK Shivakumar as his deputy, ending days of uncertainty, sources said.

Congress President Mallikarjun Kharge worked till late night Wednesday to break the political deadlock over the next CM in Karnataka and arrived at a consensus for government formation.

The Supreme Court granted on Wednesday three months' extension till August 14 to the Securities and Exchange Board of India (Sebi) to complete its probe into allegations made by US short seller Hindenburg Research against the Adani Group.

The top court had asked for a report by May 2 and the market regulator later sought a six-month extension.

IKEA India and HDFC Bank have entered a partnership to provide a seamless and cost-effective method for consumers to finance the purchasing of home furnishing goods.

Under this collaboration, IKEA will offer customers an equated monthly instalment (EMI)-based financing option.

Gaming and e-sports platform Nazara Technologies on Wednesday announced joining the All India Gaming Federation (AIGF) as a principal member. Nitish Mittersain, founder and chief executive officer (CEO) of the company will join the Executive Committee of AIGF. Nazara will lead the All-India Game Developers Forum (AIGDF) which is affiliated with AIGF.

Nazara Tech is India's only listed gaming company.

Larsen & Toubro (L&T) Construction's buildings & factories business has recently been awarded engineering, procurement and construction (EPC) contracts, the company said in a BSE filing.

The company has secured an order from a developer to construct residential towers in Thane, Mumbai.

Apparel exporters in Tiruppur and Noida have opted to close their manufacturing operations for 10-15 days every month to save operational costs amid a shortage of overseas orders, a report by The Economic Times (ET) said.

However, the apparel exporting units have not yet decided to lay off any employees, executives told ET.

Gold price rose Rs 110 in Wednesday's early trade with 10 grams of the yellow metal (24-carat) trading at Rs 61,910, according to the GoodReturns website. Silver price witnessed an increase of Rs 300 per kilogram, with 1 kg of the precious metal selling at Rs 75,100.

The price of ten grams of 22-carat gold rose Rs 100 to Rs 56,750.

The appointments committee of cabinet has named Ravneet Kaur, an IAS officer of 1988 batch, as the chairperson of the Competition Commission of India (CCI).

Kaur will hold the post for a period of 5 years from the date of assumption of charge or till attaining 65 years in age.

The International Cricket Council (ICC) on Monday made helmets mandatory for high-risk positions. This, among several other changes, was approved by the Chief Executives' Committee (CEC) on recommendations from the men's cricket committee led by Sourav Ganguly and the women's cricket committee.

"We also discussed player safety, which is very important for us," Ganguly said. "The committee decided that it was best to make the use of helmets mandatory in certain positions to ensure the safety of players."

Shares of Engineers India (EIL) hit an over three-year high at Rs 103.30, as they rallied 6 per cent on the BSE in Tuesday’s intra-day trade in an otherwise subdued market amid heavy volumes. In comparison, the S&P BSE Sensex was down 0.25 per cent at 62,187.60 at 12:08 PM. A combined around 15 million shares of the company had changed hands on the NSE and BSE.

The stock of state-owned civil construction company quoted at its highest level since January 2020. In past seven weeks, it has zoomed 45 per cent from a level of Rs 71 on March 28, 2023.

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