Nuvama Wealth Management made its trading debut on Tuesday, joining industry peers such as 360 One WAM and Anand Rathi Wealth as pure-play listed wealth management firms.

Shares of Nuvama—hived off from Edelweiss Financial Services—finished at Rs 2,612.5 on the NSE, valuing the firm at Rs 9,163 crore. However, its fair value discovery could get a few more sessions as its shares hit 5 per cent down limit after only a handful of trades.

The price of 24-carat gold dipped Rs 220 during Wednesday's early trade, with ten grams of the precious metal selling at Rs 59,730, according to the GoodReturns website. The price of silver fell sharply by Rs 1,000 to Rs 74,800. per kilogramme

The price of 22-carat gold fell Rs 200 to Rs 54,750.

Drug major Cipla on Tuesday said it has launched drone-powered deliveries of critical medicines – cardiac, respiratory and other essential chronic therapies – to hospitals and pharmacies across Himachal Pradesh in partnership with Skye Air Mobility, a Gurugram-based drone delivery company.

Cipla is the first among large Indian pharmaceutical companies to adopt drone-based deliveries to facilitate expedited supply to stockists in remote areas, it claimed.

Byju’s has decided to lay off around 4,000 employees or over 11 per cent of its total workforce over the next few weeks as part of a restructuring exercise as the struggling edtech giant faces a severe funding crunch, battles lenders and has faced a markdown in its valuation, according to the sources. The Bengaluru-based firm has a total of about 35,000 employees.

The restructuring exercise will be undertaken by Arjun Mohan, who was recently elevated as chief executive officer (CEO) of its India business, replacing Mrinal Mohit, according to the sources.

The Rajasthan Chief Minister has pledged to secure a larger victory for the Congress party in the upcoming state assembly elections in Rajasthan, as compared to Madhya Pradesh and Chhattisgarh. This commitment came a day after Congress leader Rahul Gandhi suggested that the contest in Rajasthan would be "very close" in the forthcoming polls.

The chief minister noted that Rahul Gandhi had set a challenge, one that Rajasthan is prepared to meet.

The Pakistan Cricket Board (PCB) has issued a statement expressing gratitude to the Indian government for issuing last-minute visas to its players, enabling them to participate in the 2023 International Cricket Council (ICC) Cricket World Cup.

According to the statement released via PCB's official page on X (formerly Twitter), the board was the last to apply for visas on September 19 and had submitted all requisite travel documents.

The Telangana unit of the Bhartiya Janata Party (BJP) is having a tough time with senior leaders deserting the party and declaring that they would do anything to defeat Telangana Chief Minister K Chandrashekhar Rao (KCR), even if it means joining the Congress, Deccan Chronicle (DC) has reported.

Former MP Komatireddy Rajgopal Reddy was quoted in the report as saying, "We are frustrated at the lack of leadership, at the complete absence of purpose, which is to defeat KCR.

The Enforcement Directorate on Tuesday told the Supreme Court that the probe agency will not summon BRS leader K Kavitha in the Delhi excise policy case till the court hears her plea on November 20.

A bench of Justices Sanjay Kishan Kaul and Sudhanshu Dhulia told Additional Solicitor General SV Raju, appearing for the Enforcement Directorate, "Don't call her in the meantime."

The Reserve Bank on Monday said it has imposed penalties on three state-owned banks, including SBI and Indian Bank, for violation of various regulatory norms.

A penalty of Rs 1.3 crore has been imposed on the State Bank of India for non-compliance with certain directions issued by the RBI on 'Loans and Advances Statutory and Other Restrictions' and 'Guidelines on Management of Intra-Group Transactions and Exposures', it said in a statement.

Reserve Bank of India (RBI) Governor Shaktikanta Das has emphasised the need to avoid the excessive dominance of one or two directors in the functioning of bank boards. He has urged directors to engage in open and frank discussions, and to be proactive in questioning bank operations.

Addressing directors of urban cooperative banks (UCBs), Das noted that the RBI had observed such undue influence even in major commercial banks.

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