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.

Shares of Mahanagar Telephone Nigam Limited (MNTL) hit an over four-year high of Rs 29.60, on rallying 17 per cent in Tuesday’s intra-day trade amid back of heavy volumes on the BSE. The stock of state-owned telecom services provider was trading at its highest level since January 2018, when it hit a high of Rs 31.25, the BSE data showed.

In the past three weeks, the stock price of MTNL has appreciated by 65 per cent from level of Rs 17.95 on November 30, 2021, as the government announced its plan to sell real estate assets of state-run telecom firm.

Amid Opposition criticism of a bill to link Aadhaar with electoral rolls, sources in the government on Tuesday said the move would solve the "major problem" of multiple enrolment of the same person at different places and help in "cleaning" the voters list to a great extent.

The assertion comes a day after the 'Election Laws (Amendment) bill 2021' to link electoral roll data with the Aadhaar ecosystem and bring other poll reforms was passed by the Lok Sabha after a brief debate and amid demand by the Opposition to refer it to a standing committee.

Two hundred cases of Omicron variant of coronavirus have been detected in India so far out of which 77 patients have recovered or migrated, the Union Health Ministry said on Tuesday.

Maharashtra and Delhi have recorded 54 cases of Omicron variant each, while Telangana registered 20 cases, Karnataka 19, Rajasthan 18, Kerala 15 and Gujarat 14 cases.

Shares of Future Retail surged 20 per cent on Monday following reports that the company was likely to approach various courts and tribunals bringing to their notice the latest order by the Competition Commission of India (CCI).

Future Retail’s scrip jumped to a high of Rs 57.50 as against the previous close of Rs 47.95 on the National Stock Exchange. On Friday, the CCI had placed in "abeyance" Amazon's investment in Future Coupons.

SoftBank-backed Snapdeal filed its Draft Red Herring Prospectus for its initial public offer (IPO), comprising a fresh issue of equity shares worth up to Rs 1,250 crore and an offer-for-sale (OFS) of up to 30,769,600 equity shares by existing shareholders.

Snapdeal’s Founders, Kunal Bahl & Rohit Bansal are not selling any of their holding in the IPO. Blackrock, Temasek, eBay, Intel Capital, Nexus Venture Partners, Tybourne, RNT Associates, Premji Invest, and others will also not sell any of their shares in the IPO.

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