Shares of Prestige Estates Projects surged 6 per cent to Rs 347 on the BSE on Wednesday, extending its previous day’s 4 per cent gain, after the company announced fund raising plan via preferential issue. In comparison, the S&P BSE Sensex was up 0.23 per cent at 41,446 level at 09:53 am.

The board of directors of the real estate developer is scheduled to meet on Friday, December 20, 2019 to consider and approve raising of funds through preferential issue to an identified allottee, Prestige Estates said in a regulatory filing on Monday after market hours.

Shares of PC Jeweller slumped 7.14 per cent to Rs 24.05 per share on the BSE on Wednesday after market regulator Securities and Exchange Board of India (Sebi) demanded a show-cause from those whom it identified to have benefitted, in the insider-trading case, from price-sensitive information pertaining to the company’s buyback announcement and its subsequent withdrawal. It also ordered impounding Rs 8 crore from the alleged insiders.

Wednesday marks a bitterly cold day for Delhi. In fact, the coldest day yet of the season, according to the Met Department projections. With the minimum temperature at 7.2-degree Celsius and the maximum temperature at 14-degree Celsius, Delhiites are probably going to need an extra layer of insulation than other days, to keep themselves out of the clutches of the biting winter.

Winter intensified in the national capital since Monday, when the intensifying political atmosphere in the country marked a race against the falling temperature.

Infosys, India's top IT major, has agreed to pay $800,000 to settle allegations of misclassification of foreign workers and tax fraud, officials announced Tuesday.

Infosys will pay California $800,000 (nearly Rs 56 crore) to resolve allegations that between 2006 and 2017, approximately 500 Infosys employees were working in the State on Infosys-sponsored B-1 visas rather than H-1B visas, California Attorney General Xavier Becerra said.

Former Pakistani President Pervez Musharraf was sentenced to death on Tuesday by a special court in Pakistan over a high treason case.

The special court in Peshawar convicted the 76-year-old Musharraf of high treason and sentenced him to a death penalty.

The Delhi High Court on Tuesday reserved decision on Chief Minister Arvind Kejriwal's plea to quash summons in a defamation complaint against him by BJP leader Vijender Gupta.

Justice Rajnish Bhatnagar reserved decision on Kejriwal and deputy Chief Minister Manish Sisodia's joint plea to quash summons against them in the complaint by Gupta.

No bullet was fired by police during violent protests against the amended Citizenship Act at Jamia Milia Islamia University on Sunday, Home Ministry officials said.

There have been allegations that police fired bullets on protesters during the agitation at Jamia.

Brokerages are awaiting operational clarity on the use of Aadhaar for know your client (KYC) purposes, to help sign up clients faster.

They earlier used the Aadhaar database to complete the KYC process online. Industry officials said that the on-boarding process became considerably longer after the 2018 Supreme Court judgement which stopped Aadhaar use by companies and private entities.

Incidents of stone-throwing on state-run KSRTC buses have been reported from various parts of Kerala as the dawn-to-dusk hartal called against the Citizenship Amendment Act and police action on students of Jamia university in Delhi, began on Tuesday. A group of 30 Islamic and political outfits have called the hartal from which major political parties, including the ruling CPI(M) and the opposition Congress and IUML, are keeping away.

There is scope for cutting interest rates further and the central bank will use it when required after studying the growth and inflation data, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday.

The monetary policy committee (MPC) surprised markets and analysts this month by holding rates steady after trimming the key interest rate by 135 basis points since the beginning of the current rate reduction cycle in February.

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