The price of 10 gram of gold decreased by Rs 230 on Wednesday, with 24 carat gold trading at Rs 48,410 and 22 carat at Rs 47,410.

The price of 1 kg of silver decreased by Rs 500 and the precious metal is selling at Rs 61,400.

The Reliance General Insurance Company said on Tuesday that it will soon come out with nine sandbox products to meet evolving consumer needs.

The company has already received approval for the same from the Insurance Regulatory and Development Authority of India (IRDAI).

This announcement is in line with the company's long-term goal of re-innovating and redefining the insurance sector to cater to the fast-transforming customer expectations in the digital age.

Online recruitment firm Monster.com, a Quess company, announced that it has raised Rs 137.5 crore in a funding round led by prominent industry leaders – Akash Bhanshali (Volrado Venture Partners) and Mohandas Pai (Meridian Investments) with participation from Quess.

Post the funding round, the company is valued at close to $100 million. The current close has been done at Rs 112.5 crore with an option built-in to expand the round to Rs 137.5 crore.

Swega Swaminathan from Kasipalayam village in Erode district, who is the daughter of a farmer has received a full scholarship of Rs 3 crore to pursue a bachelor's degree in Chicago University in the United States of America.

Chicago University stands among the first ten ranked universities globally.

Shares of India Cements surged 9 per cent to Rs 192.35 on the BSE in Wednesday’s intra-day trade after billionaire investor Radhakishan S Damani (RK Damani), Gopikishan Shivkishan Damani & family increased their stake in the company to 22.76 per cent at the end of December 20, 2021, according to disclosure made by the company to the stock exchanges.

Since March 30, 2020, they have acquired an additional 6.30 million equity shares or 2.03 per cent stake in India Cements via open market purchases, the company said.

Rakesh Jhunjhunwala-backed Metro Brands has made a weak market debut, with its shares listed at Rs 436, a 13 per cent below its issue price of Rs 500 per share on the BSE. On the National Stock Exchange (NSE), the stock has opened at Rs 437 per share.

At 10:01 am, Metro Brands traded at Rs 445.50, 11 per cent lower versus the issue price on the BSE. The stock had hit a high of Rs 449 and a low of Rs 426 in intra-day trade so far on the BSE and NSE. A combined 3.7 million equity shares changed hands at the counter on both the exchanges.

India has recorded 213 cases of the Omicron variant of coronavirus across 15 states and UTs so far out of which 90 have recovered or migrated, according to the Union Health Ministry data updated on Wednesday.

Delhi has recorded the maximum 57 cases of Omicron variant followed by Maharashtra at 54, Telangana 24, Karnataka 19, Rajasthan 18, Kerala 15 and Gujarat 14 cases.

In order to ensure the development of village areas, the Delhi government on Tuesday approved a series of projects amounting to Rs 399 crore.

Development Minister Gopal Rai chaired a meeting of Delhi Village Development Board on Tuesday. The Board approved 291 projects to ensure development in Delhi's villages. Roads, drains, water bodies, community centres, parks, crematoriums, sports grounds, chaupals, gymnasiums and other development projects will be developed under this programme.

Sony Pictures Networks India Private Limited (SPNI) and Zee Entertainment Enterprises Ltd (ZEEL) on Wednesday announced that they have signed definitive agreements to merge ZEEL with and into SPNI and combine their linear networks, digital assets, production operations and program libraries. The agreements follow the conclusion of an exclusive negotiation period during which ZEEL and SPNI conducted mutual due diligence. After closing, the new combined company will be publicly listed in India. The closing of the transaction is subject to certain customary closing conditions, including regulatory, shareholder, and third party approvals.

The Enforcement Directorate (ED) has arrested promoters of Unitech Ajay Chandra and Sanjay Chandra in a money laundering case.

The arrests were made after the federal probe obtained the Supreme Court's permission.

The brothers were earlier lodged in Mumbai's jail.

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