With 1,086 new coronavirus infections reported in a single day, India's total tally of COVID-19 cases rose to 4,30,30,925 while the active cases dipped to 11,871, according to the Union Health Ministry data updated on Wednesday.

The death toll climbed to 5,21,487 with 71 fresh fatalities, the data updated at 8 am stated.

Shares of Ruchi Soya Industries continued to witness selling pressure, and fell as much as 19 per cent to Rs 706 on the BSE in Wednesday’s intra-day trade amid heavy volumes ahead of the listing of shares allotted via follow-on-public offering (FPO). The stock of edible oil company has slipped 28 per cent in the past one week, as compared to a 2.8 per cent rise in the S&P BSE Sensex.

At 11:06 am; Ruchi Soya traded 10 per cent lower at Rs 791, as compared to 0.95 per cent decline in the S&P BSE Sensex.

Fintech major Paytm is likely to be operating EBITDA breakeven in the next six quarters, the company’s founder and CEO Vijay Shekhar Sharma said in a letter to shareholders on Wednesday.

“We should be operating EBITDA breakeven in next six quarters (i.e. EBITDA before ESOP cost, and by the quarter ending September 2023), well ahead of estimates by most analysts. Importantly, we are going to achieve this without compromising any of our growth plans,” Sharma wrote.

CNG price in Delhi was hiked by Rs 2.50 to stand at Rs 66.61 per kg, keeping with state-owned companies hiking fuel cost to offset the economic impact of the Ukraine war.

According to Indraprastha Gas Ltd, CNG price in Ghaziabad, Noida, and Greater Noida has been hiked to Rs 69.18 per kg. In Gurugram, CNG per kg now costs Rs 74.94.

Shares of Vodafone Idea (Vi) moved 7 per cent higher to Rs 11.03 on the BSE in Wednesday’s intra-day trade on the back of heavy volumes, in an otherwise weak market.

At 10:40 am; the stock of Vi was trading 6 per cent higher at Rs 10.95, as compared to a 1 per cent decline in the S&P BSE Sensex. The counter saw huge trading volumes with a combined 214 million equity shares having changed hands on the NSE and BSE. The stock of the telecom services company was trading higher for the fourth straight day and has rallied 14 per cent during the same period.

Shares of Tata Power hit a fresh record high of Rs 287.90, up 5 per cent on the BSE in Wednesday’s intra-day trade in an otherwise weak on the back of heavy volume on improved business outlook. In comparison, the S&P BSE Sensex was down 0.7 per cent at 59,742.

The stock of Tata Group electric utilities company has rallied 21 per cent in the past four trading days. On Tuesday, it surpassed its previous high of Rs 269.70 touched on October 19, 2021.

Shares of Gautam Adani-led Adani Group companies continued their upward march with Adani Enterprises and Adani Green Energy hitting respective life-time highs after these two companies along with Adani Transmission announced plans to raise funds.

The boards of directors of these three companies are scheduled to meet on Friday, April 8, 2022 to consider and approve the proposal for raising of funds by way of rights issue, preferential allotment, including a qualified institutions placement or through any other permissible mode and/or combination thereof.

Asian Development Bank on Wednesday projected a seven per cent collective growth for South Asian economies in 2022 with the subregion's largest economy India growing by 7.5 per cent in the current fiscal year before picking up to eight per cent the next year.

Releasing its flagship Asian Development Outlook (ADO) 2022, the Manila-based multi-lateral funding agency said the growth in South Asia is projected to slow to seven per cent in 2022, before picking up to 7.4 per cent in 2023.

Oil companies increased the price of petrol and diesel in Delhi by 80 paise each, marking the 14th such hike in two weeks. Petrol costs Rs 105.41 and diesel Rs 96.67 per litre after the hike.

In Mumbai, petrol and diesel prices cost Rs 120.51 and Rs 104.77, respectively.

Tata group's real estate arm Tata Housing plans to invest around Rs 1,200 crore over the next two years to acquire land outright and through joint ventures across major cities to develop group housing projects as well as for plotted development, which has gained traction amid the COVID pandemic.

In an interview with PTI, Tata Realty and Infrastructure CEO & MD Sanjay Dutt noted that the demand for plots has increased significantly during the pandemic and highlighted that the company has sold all 157 plots in Bengaluru for Rs 130 crore.

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