Shares of FSN E-Commerce Ventures, the parent company of beauty e-tailer Nykaa, hit a new low of Rs 1,458.10, down 2 per cent on the BSE in Wednesday’s intra-day trade. The stock has declined 6 per cent from its opening level of Rs 1,548. It was quoting lower for the seventh straight trading day, having fallen 23 per cent during the period.

With an over 20 per cent decline, the stock has now corrected 43 per cent from its record high level of Rs 2,574 touched on November 26, 2021. The company had issued shares at a price of Rs 1,125 per share in its initial public offer (IPO). The stock had made a market debut on November 10, 2021.

Singer-composer Bappi Lahiri, famous for his disco beats in Hindi films of the 70s and 80s and also some soulful crooning, has died following multiple health issues. He was 69.

Lahiri died on Tuesday night at the CritiCare Hospital in Juhu.

Shares of Surya Roshni surged 14 per cent to Rs 504.85 on the BSE in Wednesday’s intra-day trade, and has rallied 18 per cent in the past two trading days, after the company reported a healthy 29 per cent year-on-year (YoY) growth in consolidated revenue at Rs 2,030 crore in December quarter.

The stock has corrected 51 per cent from its record high of Rs 868.40 touched on October 4, 2021 to close at Rs 428 on Monday, February 14, 2022. At 10:51 am; it traded 11 per cent higher at Rs 494, as compared to 0.19 per cent decline in the S&P BSE Sensex.

Shares of Va Tech Wabag surged 16 per cent to Rs 342 on the National Stock Exchange (NSE) in Wednesday’s intra-day trade on back of heavy volumes on strong order book position of over Rs 10,000 crore.

At 09:46 am; the stock traded 9 per cent higher at Rs 321.20, as compared to 0.13 per cent gain on the Nifty 50 index. The trading volume at the counter jumped over three-fold with a combined 1.02 million equity shares changing hands in first half-hour of trades on the NSE and BSE.

Vedant Fashions, the owner of ethnic wear brand Manyavar, made a good stock market debut on Wednesday, with shares of the company getting listed at Rs 936, an 8 per cent premium over its issue price of Rs 866 per share on the BSE. On the National Stock Exchange (NSE), the stock opened at Rs 935 per share.

Vedant Fashion debuted on a positive note despite poor subscription figures. The company has strong brand value with good fundamentals.

Fraudsters used the permanent account numbers (PAN) of many customers to avail instant loans from an app of Dhani Loans and Services Limited, formerly known as Indiabulls Consumer Finance Limited, a non-deposit taking NBFC registered with the Reserve Bank of India and a 100 per cent subsidiary of Dhani Services Limited.

Anybody can obtain credit of upto Rs 5 lakh by applying through the app. A portion of the amount in disbursed instantly to a digital card which can be used for online transactions.

Ten gram of 24-carat gold is selling at Rs 50,620 on Tuesday, Rs 110 higher than the last trade as demand rose for safe-haven bullion.

Gold of 22 carat is selling at Rs 46,400, up Rs 100 from Tuesday, according to the Goodreturns website. One kg of silver is selling at Rs 63,000, down Rs 800 from Tuesday.

The Supreme Court has granted Future Retail the option to seek from the Delhi High Court permission to continue proceedings at the National Company Law Tribunal (NCLT) on its deal with the Reliance Industries group.

It also asked the high court to give orders uninfluenced by any observations of the Supreme Court. Chief Justice of India N V Ramana, Justice A S Bopanna and Justice Hima Kohli heard the case.

Fruit drink brand Maaza had reported total sales of Rs 2,826 crore in FY21 in the domestic market, which is higher than the sales of Coke in India, according to a top company official.

Limca, a lemon- and lime-flavoured carbonated soft drink brand, had recorded total sales of Rs 2,061 crore in FY21.

Nearly 95 per cent of swab samples examined in the latest round of genome sequencing in Mumbai were found infected with the Omicron variant of COVID-19, the city civic body has said.

The Omicron variant had triggered the third wave of the coronavirus pandemic in late December 2021 and it now ebbed in the Maharashtra state capital.

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