The Board of Directors of ZEE Entertainment Enterprises Limited (ZEEL) unanimously provided an in-principle approval for the merger between Sony Pictures Networks India (SPNI) & ZEEL.

SPNI will also infuse growth capital into SPNI as part of the merger such that SPNI has approximately $1.575 billion at closing, for pursuing other growth opportunities.

The Airports Authority of India (AAI) will soon start exiting joint venture (JV) airports in Delhi, Mumbai Hyderabad and Bengaluru after the government decided to divest its stake in them, Times of India reported Wednesday.

State-owned AAI has a 26 per cent stake each in Delhi and Mumbai airports and 13 per cent each in Hyderabad and Bengaluru airports.

Vaccination against Covid-19 is effective in patients with cancer, whose immune systems get weakened by various anti-cancer medicines, according to studies presented at the annual congress of the European Society for Medical Oncology.

The findings revealed that individuals with cancer have an appropriate, protective immune response to vaccination without experiencing any more side-effects than the general population. Indirect evidence also suggests that a third booster shot could further increase the level of protection among this patient population.

India on Tuesday reported 26,115 new COVID-19 cases in the last 24 hours, informed the Ministry of Health and Family Welfare.

The nationwide tally has now reached 3,35,04,534, while with 252 new fatalities the death toll stands at 4,45,385.

Gold (24 carat) is selling at Rs 46,130 per ten gram on Tuesday in India, down Rs 260 from the previous trade.

Silver is selling at Rs 60,000 per kg, unchanged from yesterday's trading price, according to Good Returns website.

The price of gold jewellery varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

Shares of RPG Life Sciences continued at their northward movement, hitting a fresh record high of Rs 751.80, up 8 per cent on the BSE in intra-day trade on Tuesday. So far in the month of September, the stock of the pharmaceutical company has zoomed 51 per cent on expectation of a promising outlook for the domestic formulation industry.

RPG Life Science is exclusively engaged in the pharmaceutical business and operates across domestic formulations, international formulations and active pharmaceutical ingredients (API).

Shares of HCL Technologies hit a new high of Rs 1,315.10, up 3 per cent on the BSE in intra-day trade on Tuesday after the company announced a five-year digital transformation deal with US-based MKS Instruments, a global provider of instruments, systems, subsystems and solutions for advanced manufacturing processes.

In the past one month, the stock of information technology (IT) consulting and software firm has rallied 18 per cent, as compared to a 6 per cent rise in the S&P BSE Sensex.

Pfizer and partner BioNTech SE said their Covid-19 vaccine was safe and produced strong antibody responses in children ages 5 to 11 in a large-scale trial, findings that could pave the way to begin vaccinating grade-school kids within months.

The long-awaited results offer one of the first looks at how well a Covid vaccine could work for younger children.

Shares of New Delhi Television Limited (NDTV) were locked in the 10 per cent upper circuit band for the second straight day, at Rs 87.60 on the BSE on Tuesday, amid rumours of buyout by Adani Group.

The stock is trading at its 52-week high level, surpassing its previous high of Rs 85.85 touched on May 25, 2021. In the past two trading days, it has rallied 21 per cent, as compared to a 0.61 per cent decline in the S&P BSE Sensex.

Shares of SBI Cards and Payment Services (SBI Cards) plunged 6 per cent to Rs 1,012 on the National Stock Exchange (NSE) and BSE in intra-day trade on Tuesday as private equity (PE) firm Carlyle Group’s proposed to divest 3.4 per cent stake in the company through a block trade.

As of 10:07 am; a combined 37.18 million equity shares representing 4 per cent equity of SBI Cards changed hands on the NSE (36.84 million shares) and BSE (1.31 million shares), the data shows. The names of the buyers were not ascertained immediately.

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