The IPO of Vedant Fashions, India’s leading ethnicwear maker, was subscribed 21 per cent on Monday, a day before its close.

The retail portion of the issue was subscribed 31 per cent, while institutional and wealthy investor portions were subscribed 11 per cent and 9 per cent, respectively.

Karnataka Chief Minister Basavaraj Bommai on Monday requested the Centre to extend the GST compensation for a period up to 2024-25.

Bommai presented the request when he called on Union Finance minister Nirmala Sitharaman in New Delhi on Monday.

The period of GST compensation, being paid by the Union government, is set to end in March 2022.

Budget euphoria is slowly fading away on Dalal Street as global headwinds stare in the eye.

Geo-political tensions involving Ukraine and Russia, coupled with fear of easy money drying up amid soaring inflation, are giving a rude reality check to stock market investors.

Yesterday, the BSE Sensex plunged over 1,300 points in intra-day trade while the Nifty50 slipped below the 17,150 level.

Battery maker LG Energy Solution Ltd (LGES) said on Tuesday it aims to boost sales by about 8% in 2022, seeing a pick-up in market conditions for electric vehicle (EV) batteries as a global chip shortage likely eases later in the year.

The newly listed South Korean firm, which accounts for a fifth of the global EV battery market, swung to profit in the October-December quarter, even as the chip shortage affecting automakers led to weaker than expected demand for batteries.

India's Livspace said on Tuesday it crossed the billion-dollar valuation mark after raising $180 million in a late-stage funding round led by KKR & Co, as it looks to double down on international expansion and take on local competitors.

The home renovation platform is the 86th "unicorn" from India, according to Venture Intelligence Unicorn Tracker, in a period of record funding in Indian start-ups that saw 43 firms join the club last year alone.

Telecom gear company Huawei has bagged an around Rs 150 crore order for maintenance of Bharti Airtel's transmission network, a source said on Monday.

The order is part of an existing deal between Huawei and Airtel and is in compliance with the National Security Directive on Telecommunication that allows continuation of old contracts.

PB Fintech, the parent company of recently listed online insurance aggregator Policybazaar, saw its net loss in the December quarter (Q3) jump 55 per cent to Rs 297 crore, compared to the year-ago period. Meanwhile, the company recorded a revenue growth of 73 per cent to Rs 367 crore in the same period.

While the company’s insurance premiums (through Policybazaar) grew by 68 per cent to Rs 1,796 crore in Q3, credit disbursals (through Paisabazaar) rose 94 per cent to Rs 1,926 crores. Adjusted EBITDA (non GAAP) was a loss of Rs 92 crore, reflecting investment in new initiatives and brand advertising.

Shares of Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) hit a 52-week high at Rs 523.25, on rallying 15 per cent on the National Stock Exchange (NSE) in Monday’s intra-day trade in an otherwise subdued market after the company reported best ever quarterly performance in the December quarter (Q3FY22).

The stock of fertilizer and chemical company surpassed its previous 52-week high of Rs 518.20 touched on October 6, 2021. At 09:58 am; the stock was up 12 per cent at Rs 511.30, as compared to 0.63 per cent decline in the Nifty 50 index.

The price of 10 gram of 24-carat gold remained unchanged on Monday, with the yellow metal trading at Rs 49,200.

The price of 22-carat gold also remained unchanged at Rs 45,100.

One kg of silver is selling at Rs 60,900, down Rs 100 from yesterday.

India on Monday reported 83,876 fresh COVID-19 cases that took its total tally to 4,22,72,014, according to Union health ministry data.

The death toll climbed to 5,02,874 with 895 more fatalities, the data updated at 8 am stated.

The number of active cases in the country declined further to 11,08,938, comprising 2.62 per cent of the total infections.

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