The price of a commercial LPG cylinder (19 kilograms) has been hiked by Rs 100 a piece to take it to Rs 2,101 from December 1. This is the highest price at which a commercial LPG cylinder is being sold in the national capital, toppling the previous high of Rs 2,013.50 a piece in January 2014.

Prices have been hiked acr­oss the country in a similar proportion. On a per kg-basis, commercial LPG is now being sold at Rs 111 a kg in Delhi.

Pfizer Inc said on Wednesday it had started the real-time submission of its application seeking Health Canada's approval of its oral COVID-19 antiviral drug candidate.

The pill, PF-07321332, is designed to block a key enzyme needed for the coronavirus to multiply.

The move comes after the Canadian government announced on Tuesday that it was in advanced talks with Pfizer and Merck & Co Inc regarding a purchase agreement for their COVID-19 antiviral drugs.

Reliance Power (RPower) has defaulted on payment of interest worth Rs 1.17 crore to DBS Bank India and Rs 44 lakh to IDBI Bank. It failed to pay up interest on October 30, 2021. The firm, part of the Anil Ambani-promoted Reliance group, in filing with BSE, said it has term loans and working capital arrangements with three lenders — YES Bank, IDBI Bank and DBS. Its stock closed 1.41 per cent lower at Rs 12.6 per share on the BSE.

About exposure of YES Bank, there is a ‘standstill’ applicable till December 26, 2021. IDBI Bank extended working capital facility and total principal amount is Rs 42 crore.

Farm machinery and construction equipment major Escorts Ltd on Wednesday reported a 30 per cent decline in total tractor sales at 7,116 units in November 2021.

The company had sold 10,165 units in the same month last year, Escorts said in a regulatory filing.

The Life Insurance Corporation (LIC) in the run up to its initial public offering, has asked its policyholders to update their PAN, so that they can participate in the proposed public offer.

As per the proposed plan, up to 10 per cent of the LIC IPO issue size would be reserved for policyholders.

"In order to participate in any such public offering, policyholders will need to ensure that their PAN details are updated in the Corporation's records.

Shares of Go Fashion (India) have moved higher by 4 per cent to Rs 1,310, bouncing back 8 per cent from intra-day low of Rs 1,211 on the National Stock Exchange (NSE) on Wednesday after the foreign portfolio investors (FPIs) bought 1 million shares of the company via open market on Tuesday.

On November 30, 2021, Nomura India Investment Fund Mother Fund - The Mtbj Ac Nomura India Inves FD (725,000 shares) and Nomura Funds Ireland Public Limited Company - Nomura Funds Ireland - India Equity (275,000 shares) have collectively purchased 1 million equity shares of Go Fashion at price of Rs 1,277.97 per share on the NSE via bulk deals, the exchange data shows. The names of the sellers not ascertained immediately.

Shares of IndusInd Bank moved higher by 5 per cent to Rs 929 on the BSE in Wednesday’s intra-day trade after a straight 8-day fall. In past eight trading days, the stock of private sector lender had declined 15 per cent.

At 10:52 am, IndusInd Bank was the top gainer among the S&P BSE Sensex and Nifty50 index. In comparison, the benchmark indices were up 1 per cent.

Shares of KEI Industries rallied 6 per cent to hit a record high of Rs 1,172.60 on the BSE in Wednesday’s intra-day trade, had have surged as much as 25 per cent in past one month on the back of strong outlook. The stock surpassed its previous high of Rs 1,159 hit on November 26, 2021.

In the past three months, the stock of KEI Industries has surged nearly 50 per cent, as compared to a 0.32 per cent rise in the Sensex.

In the Delhi Cabinet meeting on Wednesday, the government is likely to decrease VAT on petrol and diesel, informed government sources.

"The Delhi government may take the decision of decrease VAT which will reduce the petrol or diesel prices in the national capital," sources said.

The current generation of Covid-19 vaccines probably will still protect against severe disease in people infected by the omicron variant, BioNTech SE Chief Executive Officer Ugur Sahin said.

The new, highly mutated variant could result in more vaccinated people becoming infected, Sahin told Dow Jones in an interview. But even if the variant is able to elude antibodies in vaccinated people, it will probably still be targeted by immune cells, he said.

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