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.

The Election Commission of India will announce the schedule of the General Election to the Legislative Assembly of Karnataka slated this year at 11

The EC will hold a press conference at Plenary Hall, Vigyan Bhawan in the national capital.

Karnataka, which has 224 seats in the Assembly currently has 119 MLAs of the ruling BJP, while Congress has 75 and its ally JD(S) has 28 seats.

ITC plans to invest Rs 3,000 crore per year for the next few years in India to boost its investments and accelerate growth, chairman and managing director of the cigarette-to-cookies conglomerate Sanjiv Puri said in an interview with The Economic Times (ET).
The fast-moving consumer goods (FMCG) company will use the money to build more manufacturing capabilities. ITC will also go ahead with the demerger of its hotel business in the "next couple of quarters", which has been delayed due to the Covid-19 pandemic.

Karnataka Chief Minister Basavaraj Bommai on Tuesday said that irrigation projects worth Rs 5,500 crore have been sanctioned and launched across the state.

Speaking after unveiling the statues of Kittur Rani Chennamma, Kranti Veera Sangolli Rayanna, and Dr BR Ambedkar in the premises of Suvarna Vidhana Soudha here on Tuesday, he said in this year's budget, provision has been made to establish the Kittur Karnataka Development Authority which will decide on various big projects.

Healthy children and adolescents may no longer need Covid shots, the World Health Organization said, updating its guidance on vaccines as the world adjusts to living permanently with the virus.

Older people and higher-risk groups — including those with underlying conditions — should get Covid boosters between six and 12 months after their last injections, the WHO said in a statement announcing a revised vaccine road map for the new stage of the pandemic.

Permanent Account Number (PAN card) to become inoperative if Aadhaar and PAN are not linked by the end of this financial year March 31, 2023. From April 1, 2023, you will be required to pay additional fees to the government in the instance your PAN and Aadhaar are not linked.

"Tax would be required to be deducted at a higher rate if PAN becomes inoperative," said a CBDT circular dated March 30, 2022.

As part of a $5.5 billion cost-cutting effort, Disney has begun executing the first round of employment layoffs, which are estimated to affect 7,000 jobs. CEO Bob Iger sent a memo to staff on March 27.

During the next four days, the first group of affected employees received notifications. Thousands of workers will be affected by a second round of layoffs planned for April, and the remaining staff will be informed before summer.

IRCTC Helicopter Service: The Kedarnath Dham temple, one of the most popular Hindu pilgrimage sites in India, will open its doors on April 25. To facilitate the pilgrimage, IRCTC will soon start online booking of helicopter services to the temple, which can be booked through the IRCTC HeliYatra website. According to the Times of India, the trial run of the service will be completed by March 31 and bookings will start from April 1.

Gold prices remain unchanged from last close during Monday's early trade with ten grams of 24-carat gold trading at Rs 59,840, according to the GoodReturns website. Silver prices hiked Rs 100 with 1 kg of the precious metal selling at Rs 73,400.

The price of ten grams of 22-carat gold also remained unchanged at Rs 54,850.

The price of ten grams of 24-carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 59,840.

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