The Life Insurance Corporation (LIC) in the run up to its initial public offering, has asked its policyholders to update their PAN, so that they can participate in the proposed public offer.

As per the proposed plan, up to 10 per cent of the LIC IPO issue size would be reserved for policyholders.

"In order to participate in any such public offering, policyholders will need to ensure that their PAN details are updated in the Corporation's records.

Shares of Go Fashion (India) have moved higher by 4 per cent to Rs 1,310, bouncing back 8 per cent from intra-day low of Rs 1,211 on the National Stock Exchange (NSE) on Wednesday after the foreign portfolio investors (FPIs) bought 1 million shares of the company via open market on Tuesday.

On November 30, 2021, Nomura India Investment Fund Mother Fund - The Mtbj Ac Nomura India Inves FD (725,000 shares) and Nomura Funds Ireland Public Limited Company - Nomura Funds Ireland - India Equity (275,000 shares) have collectively purchased 1 million equity shares of Go Fashion at price of Rs 1,277.97 per share on the NSE via bulk deals, the exchange data shows. The names of the sellers not ascertained immediately.

Shares of IndusInd Bank moved higher by 5 per cent to Rs 929 on the BSE in Wednesday’s intra-day trade after a straight 8-day fall. In past eight trading days, the stock of private sector lender had declined 15 per cent.

At 10:52 am, IndusInd Bank was the top gainer among the S&P BSE Sensex and Nifty50 index. In comparison, the benchmark indices were up 1 per cent.

Shares of KEI Industries rallied 6 per cent to hit a record high of Rs 1,172.60 on the BSE in Wednesday’s intra-day trade, had have surged as much as 25 per cent in past one month on the back of strong outlook. The stock surpassed its previous high of Rs 1,159 hit on November 26, 2021.

In the past three months, the stock of KEI Industries has surged nearly 50 per cent, as compared to a 0.32 per cent rise in the Sensex.

In the Delhi Cabinet meeting on Wednesday, the government is likely to decrease VAT on petrol and diesel, informed government sources.

"The Delhi government may take the decision of decrease VAT which will reduce the petrol or diesel prices in the national capital," sources said.

The current generation of Covid-19 vaccines probably will still protect against severe disease in people infected by the omicron variant, BioNTech SE Chief Executive Officer Ugur Sahin said.

The new, highly mutated variant could result in more vaccinated people becoming infected, Sahin told Dow Jones in an interview. But even if the variant is able to elude antibodies in vaccinated people, it will probably still be targeted by immune cells, he said.

West Bengal Chief Minister Mamata Banerjee is likely to meet Nationalist Congress Party (NCP) chief Sharad Pawar on Wednesday afternoon in Mumbai.

Banerjee, who is on a three-day visit to Maharashtra, met Shiv Sena leaders Aaditya Thackeray and Sanjay Raut in Mumbai on Tuesday.

Indian Railway Catering and Tourism Corporation (IRCTC) will run the 'Rampath Yatra' train on December 25 which will start from Gujarat connecting Madhya Pradesh to reach Ayodhya, informed Krishna Kumar Singh, Regional Manager of IRCTC on Tuesday.

Addressing a press conference in Indore on Tuesday, Singh said, The 640-seater train will start from Sabarmati station in Gujarat and reach Ayodhya the next day via Ratlam, Ujjain.

Shares of Talbros Automotive Components hit a record high of Rs 372.80 after they rallied 11 per cent on the National Stock Exchange (NSE) in Wednesday's intra-day trade after investor Vijay Kedia bought nearly 2 per cent stake in the company via open market on Tuesday.

The stock of the auto parts & equipment company has zoomed 32 per cent in the past two trading days. It surpassed its previous high of Rs 356.75 touched on August 3, 2021.

The Supreme Court on Monday asked Richa Dubey, wife of slain gangster Vikas Dubey of Bikru, Kanpur, to surrender before the trial court in seven days to seek regular bail.

A Bench of Justice Sanjiv Khanna and Justice Bela M Trivedi dismissed the plea of Richa Dubey seeking direction to quash proceedings registered against her for allegedly using her house help's SIM card without his will.

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