E-commerce enablement platform GoKwik on Wednesday said it has raised $35 million led by Think Investments and RTP Global, and will use the funds to work on tech solutions for large marketplaces.

The Series B round also saw participation from existing investors Sequoia Capital India and Matrix Partners India.

Retailer Marks & Spencer India on Wednesday said Ritesh Mishra has been appointed as Managing Director for Marks & Spencer Reliance India Pvt Ltd.

Mishra, previously Head of Operations and Property, takes over from James Munson who will now assume the role of M&S International Retail Director in the UK, the company said in a statement.

Logistics major Delhivery on Tuesday raised Rs 2,346 crore from 64 anchor investors. The Gurugram-based firm allotted nearly 48.2 million shares at Rs 487 apiece, the upper end of its IPO price band. Sources said the anchor book saw nearly 10 times more demand than the shares on offer.

Amansa, Goldman Sachs, Aberdeen, Tiger Global, Schroder, and Baillie Gifford were among the anchor investors who got an allotment.

Asian Paints’ net profit attributable to its share owners was largely flat at Rs 850.4 crore in the March quarter of financial year 2021-22 (Q4FY22), compared with Rs 852.1 crore in the year-ago period. The paints major saw its revenue increase 18.7 per cent to Rs 7,892.7 crore in the quarter.

“The international business managed to deliver a double-digit revenue growth for the quarter despite severe challenges in key markets.

All the flights in and out of this coastal city in Andhra Pradesh were cancelled on Tuesday in view of the severe cyclonic storm 'Asani' in Bay of Bengal.

With the cyclonic storm moving closer to Andhra Pradesh coast and likely to trigger heavy rains and gusty winds, authorities suspended air services to and from Visakhapatnam Airport as a precautionary measure.

Shares of Sun Pharmaceutical Industries slipped over 2 per cent lower at Rs 860.05 on the BSE in Tuesday's intra day trade. The decline comes after the company receieved 10 observations from the United States Food and Drug Administration (USFDA) after inspection of Sun Pharma's Halol (Gujarat, India) facility.

In the past five days, the stock has fallen over 5 per cent. In comparison, the S&P BSE Sensex declined 3.75 per cent during the same period. Earlier, the stock had hit a 52-week high of Rs 966.90 that it had touched on April 29, 2022, whereas, slipped to 52-week low of Rs 652.75 on 18 June, 2021.

Shares of Kohinoor Foods were locked in upper circuit for the 21 straight trading days, up 5 per cent at Rs 21.30 on the BSE on Tuesday’s trade. The stock of agricultural products company has zoomed 174 per cent from level of Rs 7.77 on April 6, 2022, after the stock exchanges revoked suspension of trading the security. The stock was last traded on May 3, 2021 and ended at Rs 7.55 on the BSE.

Till 12:59 pm; a combined 11,015 equity shares changed hands with pending buy orders of 2.17 million equity shares on the NSE and BSE. In comparison, the S&P BSE Sensex was up 0.55 per cent at 54,771 points.

Shares of Dixon Technologies (India) hit a 52-week low of Rs 3,548, down 5 per cent on the BSE in Tuesday’s intra-day trade. The stock has fallen below its previous low of Rs 3,760 touched on August 24, 2021.

Thus far in the month of May, in the past six trading sessions, the stock of the consumer electronics company has slipped 19 per cent despite the company clarifying that there is no adverse impact on the business of the company due to the Enforcement Directorate's (ED) seizure of assets of Chinese mobile manufacturing company Xiaomi.

State-owned power giant NTPC has invited bids to procure imported 4.53 million tonnes (MT) coal mainly for blending with the domestic dry fuel in thermal plants.

The NTPC tender for the import of coal assumes significance in view of the ongoing dry fuel shortage at power plants.

With 2,288 new coronavirus infections reported in a day, India's tally of COVID-19 cases rose to 4,31,07,689, while the active cases decreased to 19,637, according to the Union Health Ministry data updated on Tuesday.

The death toll climbed to 5,24,103 with 10 fresh fatalities, the data updated at 8 am stated.

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