The National Investigation Agency (NIA) on Wednesday conducted searches at multiple locations in Jammu and Kashmir linked to a terror funding case, sources said.

The places raided by the Central anti-terror agency are in the Baramulla district of Jammu and Kashmir.

The Economic Offences Wing (EOW) of Mumbai police on Tuesday registered a fresh case against builder Sanjay Chhabria and Dewan Housing Finance Corporation Limited (DHFL) promoter Kapil Wadhwan for allegedly cheating a real estate firm to the tune of Rs 150 crore.

Chhabria's firm Indo Global Soft Solutions Private Limited in connivance with Wadhwan's DHFL allegedly misused Rs 150 crore for wrong gains.

B2B manufacturing and supply chain enablement company Groyyo has raised $40 million in a combination of equity and debt in its Series A round in less than a year of its inception. The round of funding was led by Tiger Global with strong participation from early investor Alpha Wave Global.

This round also saw participation from existing investors Sparrow Capital, Stride Ventures, and angel investors like Bahram Vakil (Founder & Senior Partner at AZB & Partners) and Vineet Gautam (CEO, Bestseller India) with debt partners like Blacksoil & Capsave Finance also participating.

Shares of GR Infraprojects hit a new low at Rs 1,111, down 4 per cent on the BSE in Wednesday’s trade. The stock has tumbled 18 per cent in the last three trading sessions after the Central Bureau of Investigation (CBI) conducted searches at several locations of the company premises.

GR Infraprojects on Monday, June 13, 2022 informed that a team of CBI conducted a search at the residence of Vinod Kumar Agarwal, Chairman and the corporate office of the company situated at Gurugram, Haryana and various other sites.

Shares of Varun Beverages (VBL) hit a record high of Rs 805.45, soaring 5 per cent on the BSE in Wednesday's intra-day trade. In comparison, the S&P BSE Sensex was down 0.15 per cent at 52,613 points at 09:22 AM.

The stock has surged 8 per cent in the past two days, in an otherwise a weak market, on expectations of strong earnings.

Industry body COAI on Tuesday named Pramod K Mittal, President of Reliance Jio Infocomm, as the new Chairperson of the association for 2022-23.

Mittal was previously the Vice Chairperson of the Cellular Operators' Association of India (COAI), whose members include Reliance Jio, Bharti Airtel and Vodafone Idea (VIL).

About 88,000 child Covid-19 cases were reported across the US in the week ending June 9, according to a latest report released by the American Academy of Pediatrics (AAP) and the Children's Hospital Association.

Over 13.5 million children have tested positive for Covid-19 since the onset of the pandemic in the country, and nearly 395,000 of these cases have been added in the past four weeks, Xinhua news agency reported, citing the report.

Metropolis Healthcare clarified on the stock exchanges that its promoters have no intention to exit the business after rumours were rife that the Shah family is looking to sell its controlling stake to a strategic investor.

The national diagnostic chain said that it is continuously exploring various strategic options and investment opportunities. Thus, it keeps receiving inbound interest from financial institutions and companies for a potential minority stake purchase in Metropolis Healthcare.

French energy major TotalEnergies will pick up a 25 per cent stake in the newly launched Adani New Industries Ltd (ANIL) from Adani Enterprises to jointly build a green hydrogen ecosystem. This is the fourth partnership between the two companies with earlier ones focused on LNG terminals, city gas distribution and solar power.

Adani Enterprises in a public statement said ANIL plans to invest over $50 billion (Rs 3.9 trillion) over the next 10 years in green hydrogen and the associated ecosystems.

Congress leader Rahul Gandhi was questioned for over 10 hours by the Enforcement Directorate in a money-laundering probe linked to the National Herald newspaper and was called to depose again on Tuesday, as his party protested across the country, alleging that the Centre was targeting the Opposition by misusing agencies.

Gandhi, who appeared before a central probe agency for the first time for questioning, arrived at the ED office at 11.10 am on Monday accompanied by a battery of leaders including sister Priyanka Gandhi Vadra and escorted by armed CRPF personnel. He was given an 80-minute break in the afternoon.

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