Shares of FSN E-Commerce Ventures (Nykaa) continued to reel under the selling pressure, falling another 5 per cent in to Rs 2,040.60 on the BSE in Wednesday’s early morning trades amid fears of selling by anchor investors, owing to the end of the lock-in period. The stock of fashion and cosmetics online retailer was trading lower for fifth straight day, falling 18 per cent in one week. In comparison, the S&P BSE Sensex was up 2 per cent during the same period.

A sharp decline in stock price of the company, has resulted in the market capitalisation of Nykaa fall below Rs 1-trillion mark.

The government has so far disbursed Rs 2,071 crore for 4,003 projects under the Agriculture Infrastructure Fund, Agriculture Minister Narendra Singh Tomar said on Tuesday.

Tomar, in a written reply to the Lok Sabha, said a total of 8,488 projects have been sanctioned under the scheme so far with a loan amount of Rs 6,098 crore.

The world’s biggest vaccine maker Serum Institute of India (SII) on Tuesday said it will reduce the production of the Oxford-Astra­Ze­neca vaccine — marketed as Covishield in India — by at least 50 per cent from next week as government orders have dried up.

Adar Poonawalla, chief executive officer of SII, told CNBC-TV18: “The company is in a dilemma as supply is more than demand for Covishield and it has to dial down the production. We will complete our existing orders to the government by next week. The company has written to the government for guidance on volumes needed.”

Convalescent plasma shows no improvement in survival and other important measures and is not recommended for patients with Covid-19, according to a study released on Tuesday by the World Health Organization (WHO).

Covid-19 convalescent plasma, also known as survivor's plasma, is transfusion of blood plasma from patients who have recovered from Covid-19. Last year, the US Food and Drug Administration (FDA) issued an emergency use authorisation to allow use of convalescent plasma in hospitalised patients with Covid-19.

India logged 6,822 new coronavirus infections, the lowest in 558 days, taking the country's total tally of COVID-19 cases to

3,46,48,383, while the active cases declined to 95,014, the lowest in 554 days, according to the Union Health Ministry data updated on Tuesday.

The death toll climbed to 4,73,757 with 220 fresh fatalities, according to the data updated at 8 am.

Biotechnology major Biocon on Tuesday said it has inked a pact with Saudi Arabia-based drug firm Tabuk Pharmaceutical Manufacturing Company to commercialise select speciality products in the Middle East region.

Tabuk Pharmaceutical Manufacturing Company is a fully-owned subsidiary of Astra Industrial Group, a leading pharmaceutical company in the Middle East and North Africa (MENA) region.

Shares of Talbros Automotive Components rallied 8 per cent to hit a new high of Rs 442 on Tuesday, extending Monday's 7 per cent surge on the National Stock Exchange (NSE).

In the past six trading days, the stock of the auto ancillary company has zoomed 49 per cent after ace investor Vijay Kedia bought nearly 2 per cent stake in the company via open market.

Shares of FSN E-Commerce Ventures (Nykaa) were down 2.55 per cent at Rs 2,135 on the BSE in Tuesday's intra-day deal ahead of the lock-in period of anchor investors getting over. The stock of fashion and cosmetics online retailer was trading lower for fourth straight day, falling 14 per cent during the period.

The lock-in period for anchor investors will get over on Wednesday, December 8. The company had raised Rs 2,396 crore from anchor investors ahead of its initial share-sale last month.

Shares of IFCI continued their northward movement for the second straight day on back of heavy volumes. The stock has rallied 9 per cent to Rs 16.29 on the BSE in Tuesday’s intra-day trade, and was trading closer to its 52-week high of Rs 16.40 touched on June 24, 2021.

In the past one week, the stock has zoomed 39 per cent, after the rating agency said that the rating outlook will be changed to 'Stable' if IFCI’s strategic importance to the government of India (GoI) increases significantly along with the infusion of sizeable capital.

Reliance Industries (RIL) on Monday has raised $736 million in green loan to fund the acquisition of solar panel maker, REC Solar Holdings. This will be first such financing for the Mukesh Ambani-owned company.

REC Solar is the borrower while Reliance New Energy Solar is the guarantor, as per local media reports.

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