Shares of food delivery firm Zomato rallied 4 per cent to Rs 68.60 on the BSE in Wednesday’s intra-day trade, thus gaining 5.5 per cent in the last two trading days, after the company said its board will meet on Friday, June 24, to consider a proposed acquisition.

The meeting of the board of directors of the company is scheduled on June 24 to consider a potential acquisition transaction by the company, the consideration for the same may be discharged through issuance of equity shares on preferential basis, Zomato said in an exchange filing on Tuesday after market hours.

Electric two-wheeler maker Okinawa Autotech on Wednesday said it will invest Rs 500 crore to set up a new manufacturing plant at Karoli in Rajasthan.

Spread across 30 acres of land, the factory will have an annual production capacity of 10 lakh units and will be fully operational from October 2023, Okinawa Autotech said in a statement.

Indian CEOs in FY22 got an average compensation of Rs 11.2 crore, with median compensation of Rs 7.4 crore, which is the highest in three years, the Economic Times reported.

According to the 2022 Deloitte India Executive Remuneration Survey, the average compensation of CEOs in FY21 was Rs 9.4 crore (Rs 6.4 crore median), while in FY20, it was Rs 9.8 crore (Rs 6.9 crore median), the report said.

The Delhi High Court on Monday granted time to Delhi Metro Rail Corporation till August 5, after noting that it has called for a proposal from banks for the loan so that it can pay the remaining Arbitral Award amount to Delhi Airport Metro Express Private Limited (DAMEPL).

Justice V Kameswar Rao granted time to DMRC after hearing the submission of the application moved by DAMEPL seeking enforcement of the arbitration award of May 11, 2017. Now the matter has been listed for August 16 for further hearing.

Edtech company Unacademy has appointed Navneet Sharma as its chief business officer – new initiatives.

Joining the Unacademy team he will be charting the growth strategy, business plan, and sales development frameworks for the new avenues that the Test Prep business is exploring, in order to achieve the larger vision and goals of the brand.

Forty Maharashtra MLAs including 33 Shiv Sena and seven independent MLAs exhorted their support to rebel Shiv Sena leader and state Cabinet Minister Eknath Shinde by signing a letter, said sources.

Sources further said the rebel legislators may write to Governor Bhagat Singh Koshyari seeking for floor test in the state Legislative Assembly.

Capital markets regulator Sebi has permitted mutual funds to again invest in foreign stocks within the aggregate mandated limit of USD 7 billion for the industry.

This came in the wake of a major correction in global markets that brought down the valuation of international stocks.

Ecommerce logistics provider Xpressbees on Tuesday said it has extended its same-day delivery service for D2C (direct-to-consumer) brands to over 1,000 cities and towns, which will help companies in expanding their online presence besides keeping their costs low.

"This is a natural extension of our existing capabilities to newer markets. Our platform processes millions of orders every month. We believe this (expansion to over 1000 cities and towns) will open opportunities for established brands looking to expand their online presence and upcoming D2C brands trying to grow their customer base," said Amitava Saha, Founder, Xpressbees.

KEC International soared to a high of Rs 381.65 in intra-day trades on the BSE, up 5.5 per cent from its previous close on strong volume after the company reported multiple order wins to the exchanges.

As of 10:20 AM, the stock had pared some gains, but was still up 2.9 per cent at Rs 372.30 with trades of around 85,000 shares on the BSE as against its two-week average traded quantity of 7,500-odd shares. Meanwhile, the S&P BSE Sensex too witnssed a pull-back rally and was up 1.2 per cent at 52,226.

Shares of Eureka Forbes surged 12 per cent to Rs 316.40 on the BSE in Tuesday's intra-day trade amid heavy volumes. At 10:52 AM, the stock of the household appliances was trading 10 per cent higher at Rs 312 as compared to 1.4 per cent rise in the S&P BSE Sensex.

The trading volumes on the counter jumped over 20-fold with 1.04 million equity shares having changed hands, so far, against an average sub 50,000 shares traded on the BSE.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.