Shares of Zee Entertainment Enterprises (ZEE) surged 6 per cent to Rs 280.05 in Tuesdays intra-day trade, after nearly 53 million shares of the company changed hands via block deals on the National Stock Exchange (NSE).

About 52.93 million shares, representing 5.51 per cent stake of ZEE, worth Rs 1,396 crore changed hands on the exchange at a price of Rs 263.7 per share, data shows. The names of the buyers and sellers, however, could not be ascertained immediately.

Opposition parties in Punjab Monday slammed the ruling AAP's national convener Arvind Kejriwal for comparing party leaders Manish Sisodia and Satyendar Jain with freedom fighter Bhagat Singh and demanded an unconditional apology from him.

Punjab Congress chief Amrinder Singh Raja Warring lashed out at Kejriwal for his Sunday comments and said it was for the first time in history that someone had invoked the great martyr's name for corruption.

India's largest biscuits company Parle Products is reportedly in talks with private equity (PE) firm Bridgepoint to buy Polish cookies and biscuits company, dr Gerard. The Polish company is currently valued at Rs 1,000-Rs 1,200 crore, according to the Economic Times (ET).

dr Gerard was bought by Bridgepoint from France's Groupe Poult in 2013 for an undisclosed amount. The company, in 2022, appointed Houlihan Lokey to oversee the sale of dr Gerard.

The central government will reportedly infuse Rs 5,000 crore as equity support into state-run general insurers. This comes days after the centre approved the wage revision plan for employees of general insurers. According to a report in Economic Times (ET), the wage revision is likely to cost Rs 8,000 crore to the companies.

"A fresh assessment may be done by the end of the December quarter and, accordingly, a capital allocation may be made," an official aware of the matter told ET.

Amitabh Banerjee, the chairman and managing director of Indian Railway Finance Corporation (IRFC), was divested of his duties after allegations of corruption surfaced last week. There are also concerns of vigilance oversight in his appointment.

During Banerjee’s tenure, IRFC’s revenue from operations rose by 51 per cent between 2019-20 and 2020-22, jumping to Rs 20,302 crore. The profit of the company nearly doubled to Rs 6,090 crore.

Just a week ahead of Diwali, the Air Quality Index (AQI) of the national capital has dipped to the 'poor' category, and in some areas it was recorded as 'severe'.

According to a forecast issued by the Air Quality Early Warning System (AQEWS) on Sunday, the AQI in Delhi will remain in the 'poor' category till Wednesday and the subsequent six days.

Shares of state-owned oil marketing companies (OMCs) were under pressure as Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) hit their respective 52-week lows on concerns of large losses in the July-September quarter (Q2FY23).

At 02:08 PM; these stocks were down 1 per cent, as compared to 0.72 per cent rise in the S&P BSE Sensex. Shares of Indian Oil Corporation (IOC) quoted flat at Rs 66.35 per share, after it hit an intra-day low of Rs 65.55 apiece. Earlier, the stock had hit a 52-week low of Rs 65.20 on September 29.

Finnish company Nokia on Monday said it has won a multi-year deal from Indian telecom operator Reliance Jio to build one of the largest 5G networks in the world.

Under the contract, Nokia will supply equipment from its AirScale portfolio, including base stations, high-capacity 5G Massive MIMO (multiple input multiple output) antennas, and Remote Radio Heads (RRH) to support different spectrum bands, and self-organising network software.

Zydus Lifesciences on Monday said it has got tentative approval from the US health regulator to market its generic versions of Valbenazine capsules and Roflumilast tablets.

Valbenazine capsules are indicated for the treatment of tardive dyskinesia (uncontrolled movement of body parts such as face and tongue) while Roflumilast tablets are used for reducing risk of chronic obstructive pulmonary disease in severely affected patients associated with chronic bronchitis and a history of exacerbations.

Road developer IRB Infrastructure Developers surged nearly 10 per cent—most among ‘A’ group stocks—after domestic brokerage Ventura said its stock could jump more than 3x in 30 months. The stock traded at Rs 237, up 9.6 per cent over its previous day’s close.

Debt reduction, renewed government focus on BOT (build–operate–transfer) projects, attractive valuations and strong revenue growth forecasts could lead to a re-rating in the stock, Ventura Securities has said.

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