Shares of Devyani International continued their northward journey for the third straight trading day, and were up 8 per cent at Rs 190.20 on the BSE in Thursday’s intra-day trade.

The stock of the quick service restaurant (QSR) firm was trading at its new high, and has rallied 29 per cent in the last three trading days. With the current surge in market price of the company, the stock has zoomed 111 per cent from its issue price of Rs 90 per share.

The price of 10 gram of gold increased by Rs 20 on Thursday, with 24-carat of it trading at Rs 47,840 and 22-carat at Rs 46,840.

The price of 1 kg of silver increased by Rs 700, with the precious metal trading at Rs 61,900.

In Delhi, the price of 24-carat gold stands at Rs 51,390, while in Mumbai it is at Rs 47,840, according to the Goodreturns website.

Electric two-wheeler maker Simple Energy on Wednesday said it will invest up to ~2,500 crore over the next five years to set up an electric vehicle manufacturing facility in Tamil Nadu. The proposed facility, spread across 600 acres, will be the company's second such production unit and is expected to be functional by 2023, the Bengaluru-based company said in a release.

Tamil Nadu gave us the confidence in creating the EV ecosystem, which can be sustainable in achieving our long-term goals.

Defence Minister Rajnath Singh is likely to brief the Lok Sabha about the chopper crash in Tamil Nadu in which Chief of Defence Staff (CDS) Bipin Rawat, his wife and 11 other defence personnel died. Singh is also likely to brief the Rajya Sabha.

Sources said that the Defence Minister will brief the Lok Sabha at 11:15 a.m. and Rajya Sabha later on. The CDS was going to the Defence Services Staff College in Wellington to deliver a lecture when the crash happened.

The country’s most senior serving soldier, Chief of Defence Staff (CDS) General Bipin Rawat, was killed in a helicopter crash in the Nilgiris district of Tamil Nadu on Wednesday, when he was flying to give a lecture at the Defence Services Staff College (DSSC) in Wellington.

With him in an Indian Air Force (IAF) Mi-17V-5 helicopter were his wife, Madhulika Rawat, and 11 other armed forces personnel. The only survivor was the pilot, Group Captain Varun Singh, who is battling for his life in Military Hospital Wellington.

With 8,439 more people testing positive for COVID-19 in a day, India's infection tally rose to 3,46,56,822 on Wednesday, while the count of active cases declined to 93,733, the lowest in 555 days, according to the Union Health Ministry data.

The death toll due to the disease has climbed to 4,73,952, with 195 daily fatalities being recorded, according to the data updated at 8 am.

India's largest private health insurer Star Health has cut the size of its initial public offering (IPO) to 64 billion rupees ($848.02 million) from 72.49 billion rupees earlier after a subdued response to the IPO last week, its prospectus showed.

Star Health's IPO failed to get fully subscribed last week, signalling weak investor demand for India's third-biggest listing this year.

Shares of Devyani International hit a new high of Rs 181.80, having rallied 13 per cent on the BSE in Wednesday’s intra-day trade on the back of huge volumes. The stock of the quick service restaurant (QSR) firm surpassed its previous high of Rs 171 touched on November 18, 2021.

Brokerage firm Motilal Oswal Institutional Equities has initiated coverage on Devyani with a Buy rating and target price of Rs 190, driven by KFC’s strong brand equity and operating metrics, increasing focus on delivery by Pizza Hut driving its turnaround, and robust growth in both these brands led by rapid network expansion.

Spice Jet has announced that it would file an appeal in the Madras High Court against an order of the single bench of the high court directing the airline to wind up its operation.

Justice Subramaniam of the Madras High Court had on Monday ordered the airline company to wind up its operation over its failure to make payments to a Swiss Maintenance, Repair, and Overhaul (MRO) service provider.

India’s Simple Energy plans to invest as much as 25 billion rupees ($330 million) in new capacity to make electric scooters, with support from the government in the southern state of Tamil Nadu.

The Bangalore-based company is constructing an initial facility an hour outside the city with the goal of starting operations in 2022 and the capacity to produce a million electric two-wheelers a year. It aims to open a second, larger plant in Dharmapuri in 2023, with capacity to make 12.5 million of such scooters annually.

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