Ecommerce logistics provider Xpressbees on Tuesday said it has extended its same-day delivery service for D2C (direct-to-consumer) brands to over 1,000 cities and towns, which will help companies in expanding their online presence besides keeping their costs low.

"This is a natural extension of our existing capabilities to newer markets. Our platform processes millions of orders every month. We believe this (expansion to over 1000 cities and towns) will open opportunities for established brands looking to expand their online presence and upcoming D2C brands trying to grow their customer base," said Amitava Saha, Founder, Xpressbees.

KEC International soared to a high of Rs 381.65 in intra-day trades on the BSE, up 5.5 per cent from its previous close on strong volume after the company reported multiple order wins to the exchanges.

As of 10:20 AM, the stock had pared some gains, but was still up 2.9 per cent at Rs 372.30 with trades of around 85,000 shares on the BSE as against its two-week average traded quantity of 7,500-odd shares. Meanwhile, the S&P BSE Sensex too witnssed a pull-back rally and was up 1.2 per cent at 52,226.

Shares of Eureka Forbes surged 12 per cent to Rs 316.40 on the BSE in Tuesday's intra-day trade amid heavy volumes. At 10:52 AM, the stock of the household appliances was trading 10 per cent higher at Rs 312 as compared to 1.4 per cent rise in the S&P BSE Sensex.

The trading volumes on the counter jumped over 20-fold with 1.04 million equity shares having changed hands, so far, against an average sub 50,000 shares traded on the BSE.

Maharashtra minister Eknath Shinde and some other Shiv Sena MLAs from the state are camping at a hotel in Gujarat's Surat city, sources said on Tuesday, a day after the Sena-led Maha Vikas Aghadi faced a setback in the Maharashtra Legislative Council polls.

The MLAs, who are seemingly unhappy with their leadership, arrived in Surat on Monday night and are camping at the Le Meridian Hotel here, they said.

VerSe Innovation, the local language technology platform, said it was foraying into the global markets, launching content platform Dailyhunt in West Asian countries. VerSe Innovation, raised $805 million in its most recent funding rounds from marquee global investors, which increased the firm’s valuation to $5 billion.

VerSe Innovation’s proprietary technology powers Dailyhunt. It has rolled out its offering of Dailyhunt in UAE, Saudi Arabia, Bahrain, Oman, Qatar, and Kuwait with its headquarters in Dubai.

Bihar Chief Minister Nitish Kumar on Sunday expressed grief over the death of 17 persons in lightning and thunderstorm and announced an ex-gratia of Rs 4 lakh for the family members of each of the victims.

Taking to the Twitter the Chief Minister said, "6 people died in Bhagalpur, 3 in Vaishali, 2 in Khagaria, 1 in Katihar, 1 in Saharsa, 1 in Madhepura, 2 in Banka and 1 in Munger due to thunderstorm and lightning. My deepest condolences to the affected families.

The number of active Covid cases in Lucknow have crossed the 500-mark after a gap of nearly four months.

In Uttar Pradesh the number of cases has gone past the 2500-mark.

At least 89 more persons have tested positive for the infection in the past 24 hours, while 62 patients recovered in the same period, taking the active cases to 505.

The meltdown across global equity markets is casting a spillover effect on the crypto markets as well.

With the global central bankers turning hawkish to abate inflationary pressures, lack of liquidity is resulting in fund vacuum in the crypto sphere too.

Reduced risk appetite, coupled with strengthening dollar, has also made investors exit crypto funds with outflows surging over $100 million last week.

Sequoia Capital India has asked a local court to dismiss a defamation lawsuit filed by one of its former general counsels, saying it was an attempt to curb its free speech rights and harm its interests, the venture capital firm's court filing shows.

Sequoia has been locked in a legal battle with Sandeep Kapoor, after he included the company in a defamation lawsuit against media companies that reported on a leaked Sequoia email of June 2. Kapoor was Sequoia's in-house general counsel for nearly nine years until 2019.

Saddened by the violence around the Agnipath scheme, Mahindra Group Chairman Anand Mahindra on Monday announced to recruit "trained and capable" Agniveers.

Taking to Twitter, Anand said he is saddened by the violence around the Agnipath program.

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