The Enforcement Directorate on Tuesday provisionally attached assets worth Rs 300 Crore under the Prevention of Money Laundering Act (PMLA), 2002 in its ongoing investigation against Icore Group of companies in a chit fund scam case.

As per a press release by the ED, the properties attached by the Directorate belong to 11 Icore group companies, its directors - Late Anukul Maiti, Kanika Maiti, and their family members.

Aditya Birla Sun Life Asset Management Company (AMC) on Tuesday allotted shares worth Rs 789 crores to anchor investors. The AMC allotted nearly half of the anchor investor portion to eight domestic mutual funds. The domestic funds which were allotted shares include ICICI Prudential, HDFC Mutual Fund, SBI, Axis, Invesco India, UTI, Kotak and Edelweiss. The other prominent anchor investors include Abu Dhabi Investment Authority, HSBC, Morgan Stanley Asia, amongst others.

It appears the Hyderabad-based Bharat Biotech's indigenously manufactured Covaxin will take a little more time to get an emergency use authorisation (EUA) from the United Nations' international public health body.

The World Health Organisation (WHO) has further delayed the emergency use authorisation (EUA) for Covaxin on the pretext of more technical queries which the global body has sent to its manufacturer Bharat Biotech.

Stressing that the Covid virus may continue to transmit for a very long time, senior WHO official Poonam Khetrapal Singh says the level of immunity in a community, through vaccination and previous infection, will determine whether it will become endemic in the long run.

WHO's South-East Asia region regional director added that there is need to get to a situation where we are fully in control of the virus, and not the virus in control of us.

Food delivery firm Swiggy (Bundl Technologies) said it has decided to change its daily grocery delivery service Supr Daily’s organisational structure to a Business Unit (BU) within Bundl. This will help Supr deal with with the unfair advantages that Swiggy has access to and accelerate its journey.

Over the last 15 months, Swiggy CEO Sriharsha Majety said it has made some exciting progress on its food delivery business. We’re now comfortably surpassing our pre-covid peak, while also being on the path to overall profitability, said Majety in a blog post.

State-backed Life Insurance Corp of India (LIC) is seeking to appoint a chief financial officer, according to a notification on its website, ahead of an initial public offering slated before the end of the fiscal year.

The move to hire a CFO follows a decision to re-designate LIC's top job to chief executive officer from chairman earlier this year.

Shares of state-owned electric utilities company NTPC registered a fresh 52-week high at Rs 132.10, up 4 per cent on the BSE in Tuesday’s intra-day trade after the company confirmed the winning of 1.9 GW solar projects under Central Public Sector Undertaking (CPSU) scheme.

The stock surpassed its previous high of Rs 127 hit on September 24, 2021. In past one month, the stock has rallied 16 per cent, as compared to 7 per cent rise in the S&P BSE Sensex.

Shares of Tejas Networks were locked in the upper circuit of 5 per cent for the fourth straight session on Tuesday at Rs 480.10 on BSE after Bharti Airtel selected the company for optical network expansion.

The stock the telecom services company was trading at its all-time high level and has rallied 22 per cent during the period. Till 09:49 am, a combined 330,000 shares had changed hands on the counter and there were pending buy orders for 340,000 shares on the NSE and BSE combined. In comparison, the S&P BSE Sensex was down 0.05 per cent at 60,048 points.

Shares of Paisalo Digital hit a record high at Rs 930.50, up 5 per cent on the BSE in Tuesday’s intra-day trade after the company said it entered into a business correspondent agreement with state-owned banking giant State Bank of India (SBI) to provide services of business correspondent. The stock of the non-banking finance company surpassed its previous high of Rs 877 touched on March 1, 2021.

At 09:45 am; the stock was up 2.6 per cent at Rs 907.60 on the BSE, as compared to 0.1 per cent decline on the S&P BSE Sensex.

The number of fresh coronavirus cases in India was recorded at below 20,000 (18,795) after 201 days on Tuesday, taking the country's COVID-19 tally to 3,36,97,581, while the number of active cases declined to 2,92,206, the lowest in 192 days, according to the Union health ministry.

A total 18,795 fresh Covid cases were registered in a span of 24 hours, while the death toll due to the viral disease climbed to 4,47,373 with 179 more fatalities, the lowest in 193 days, according to the ministry's data updated at 8 am.

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