Brokerages are mostly positive on the Rs 3,600-crore initial public offering (IPO) of Adani Wilmar (AWL), which opened for subscription on Thursday and will close on Monday.

The IPO is available in the price band of Rs 218 to Rs 230 per share. Investors can bid for a minimum of 65 shares and in multiples thereafter.

Sun Pharmaceutical Industries on Thursday said its subsidiary has launched Cequa, a new treatment for dry eye disease, in Canada.

Sun Pharma Canada Inc, a wholly-owned subsidiary of the Mumbai-based drug major, has introduced Cequa (cyclosporine ophthalmic solution 0.09 per cent w/v), a calcineurin inhibitor immunomodulator.

Shares of Lux Industries slipped another 11 per cent to Rs 2,501 on Thursday’s intra-day trade, plunging 29 per cent in the last two straight trading sessions after the market regulator Securities and Exchange Board of India (Sebi) barred 14 entities for insider trading in its scrip. The stock of Kolkata-based hosiery maker quoted lower for the sixth straight day, and has tanked 35 per cent during the period.

Those barred included Udit Todi, company’s executive director and son of the MD. Sebi’s initial findings revealed that Todi passed price sensitive information pertaining to financial results of the company, the Business Standard reported.

Shares of Sharda Cropchem hit a new high of Rs 578.35 after they rallied 10 per cent on the BSE in Thursday's in intra-day trade, in an otherwise weak market, extending its past three days' surge. The stock has been surging after the company's December quarter (Q3FY22) net profit more-than-doubled to Rs 102 crore. The agrochemicals company had posted profit after tax of Rs 48.3 crore in a year ago quarter.

In the past four trading days, the market price of Sharda Cropchem has zoomed 58 per cent, as compared to 5 per cent decline in the S&P BSE Sensex during the same period.

SAP said on Thursday it has agreed to buy a majority stake in privately held U.S. fintech firm Taulia as the German business software group seeks to expand its presence across supply-chain financing and working capital loans.

Taulia works with financial institutions to allow suppliers that use its platform to receive early payments on their delivered goods and services, and the market has significantly increased due to the pandemic disrupting supply chains.

The government has notified the agreement between Air India and special purpose vehicle AIAHL for the transfer of non-core assets, ahead of the national airline's takeover by the Tata Group.

The government had in October last year, inked the share purchase agreement with the Tata Group for the sale of national carrier Air India for Rs 18,000 crore.

India logged 2,86,384 new COVID-19 cases and 573 deaths in the last 24 hours, stated the Ministry of Health and Family Welfare on Thursday.

With this, the country's active caseload mounted to 22,02,472, which is 5.46 per cent of the total COVID-19 cases reported so far.

Apple Inc. is planning a new service that will let small businesses accept payments directly on their iPhones without any extra hardware, according to people with knowledge of the matter.

The company has been working on the new feature since around 2020, when it paid about $100 million for a Canadian startup called Mobeewave that developed technology for smartphones to accept payments with the tap of a credit card.

Future Enterprises has agreed to sell a 25 per cent stake in its general insurance joint venture, Future Generali India Insurance Company Limited (FGIICL) to its partner, Generali Participations Netherlands N. V.(Generali) for a cash consideration of Rs 1252.96 crore, plus an additional consideration that is linked to the date of the closing of the transaction, the former said in a stock exchange filing.

Generali has also acquired an option to buy out the company’s remaining interest in FGIICL, directly or through a nominee, at an agreed valuation subject to applicable regulatory approvals.

Air India is set to enhance its in-flight service in first and business class as it comes under the Tata group ownership from Thursday.

While a PTI news report said that enhanced meal service will be available on four flights on Thursday, the airline management is also looking at upgraded service procedures. Trolley service for liquor and newspapers, which was discontinued due to Covid-19 pandemic, is being brought back.

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