China Evergrande Group said on Thursday its unit will sell its entire share stake in HengTen Network Holdings for HK$2.13 billion ($273.47 million).

Evergrande, the world's most indebted developer, has been stumbling from deadline to deadline in recent weeks as it grapples with more than $300 billion in liabilities, $19 billion of which are international market bonds.

Sapphire Foods, quick service restaurant (QSR) company, made a healthy stock market debut on the bourses on Thursday. The shares of the company that owns and operates Pizza Hut and KFC chain of stores listed at Rs 1,350, a 14 per cent premium against issue price of Rs 1,180 per share on the National Stock Exchange (NSE). On the BSE, the stock opened at Rs 1,311, an 11 per cent premium over its issue price.

Post listing, shares of Sapphire Foods moved higher to Rs 1,383.60 on the BSE and Rs 1,380 on the NSE. At 10:09 am, it was trading 14 per cent higher at Rs 1,346 on both the exchanges.

One 97 communications, the parent company of digital payments major Paytm, made a weak stock market debut as its shares got listed at Rs 1,950, a 9 per cent discount against its issue price of Rs 2,150 on the National Stock Exchange (NSE) on Thursday. On the BSE, the stock opened at Rs 1,955 per share.

At 10:01 am, Paytm was trading at Rs 1,805, 16 per cent lower against its issue price. The stock hit an intra-day low of Rs 1,777 on the BSE and NSE.

Shares of Vedanta dipped 3 per cent to Rs 326.15 on the BSE in Thursday’s intra-day trade after the company on Wednesday after market hours said it has appointed a committee of directors to evaluate and recommend a range of options and alternatives, including demergers, spin-offs or strategic partnerships of its aluminium, iron & steel, and oil & gas businesses.

With today’s fall, the market price of Vedanta was down 16 per cent from its 52-week high level of Rs 385.75 touched on October 19, 2021.

At 27, Vijay Shekhar Sharma was making 10,000 rupees ($134.30) a month, a modest salary that did not help his marriage prospects.

"In 2004-05, my father asked me to shut my company and take up a job even if it was for 30,000 rupees," Sharma, who went on to found digital payments firm Paytm in 2010, told Reuters. At the time, the trained engineer sold mobile content via a small company.

Delhi-NCR recorded its air quality in the very poor category on Wednesday morning and no major improvement is likely until Sunday, authorities said.

The minimum temperature in the capital dropped to 9.6 degrees Celsius, three notches below normal and the lowest this season so far. The maximum is likely to settle around 27 degrees Celsius, the India Meteorological Department said.

India reported 10,197 fresh Covid cases and 301 deaths in the last 24 hours, said the Ministry of Health and Family welfare on Wednesday morning.

With the addition of 301 new deaths, the total deaths toll has climbed 4,64,153.

Scaling up the preventive measures to eliminate the spread of Zika virus, the Uttar Pradesh government has intensified comprehensive surveillance and has initiated doorstep surveys throughout the state to bring down transmission levels.

Under the stringent containment mechanism implemented by the state government to check Zika spread, the health workers are carrying out the extensive exercise of mass-scale sanitisation, state-wide surveillance drives, spraying of anti-larva chemicals, fogging and cleanliness drives.

Shares of Spandana Sphoorty Financial (SSFL) hit a 52-week low of Rs 488, down 3 per cent on the BSE in Wednesday’s intra-day trade. The stock of India’s second-largest microfinance institution (MFI) was trading lower for the fifth straight day, falling 11 per cent, on delay in announcement of September 2021 quarter (Q2FY22) financial results, due to recent flux in management following resignation by managing director Padmaja Reddy and attrition in the information technology team.

Venture debt firm Trifecta Capital has raised its second fund of the year with a corpus of Rs 750 crore ($100 million). The fund, called Trifecta Venture Debt Fund -- III, has a target corpus of Rs 1,000 crore and a green shoe option of Rs 500 crore.

Earlier this year, the firm had announced the final close and oversubscription of Trifecta Venture Debt Fund – II at Rs 1,025 crore, as well as the first close of its late-stage equity offering, the Rs 1,500 crore Trifecta Leaders Fund – I.

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