In respect to an on-site inspection carried out on ICICI Lombard GIC from August 3, 2015 to August 14, 2015, the Insurance Regulatory and Development Authority of India (IRDAI) issued an order to impose a penalty of Rs 1 crore on ICICI Lombard. In addition, the regulator also issued various directions and advisory to the company.

USFDA conducted an inspection of Unit VII, which is an oral solids formulation manufacturing facility of Aurobindo Pharma Limited.

Himadri Speciality Chemical Limited (HSCL) had intimated earlier about the capacity expansion of Carbon Black (CB) manufacturing at its Mahistikry (West Bengal) plant.

Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on HDFC Bank for non-compliance of norms related to Know Your Customer (KYC).

On the downside, the low of Tuesday’s session (12,024.50) is a very crucial support level for the index and sustaining below this level would open gates for further correction towards the levels of 11,929. Stocks in news: HDFC Bank, Himadri Speciality Chemical, MOIL, Meghmani Organics, InterGlobe Aviation, JSW Steel.

After yesterday’s relief rally, the market participants would be hoping for an extension of the rally as in the market parlance, a pre-budget rally as a countdown to the Budget has already started. But, throwing cold showers on expectation of the pre-budget rally is renewing concern about the impact of the coronavirus outbreak.

The last one year return analysis of the equity dedicated mutual fund of the fund house shows that the pure equity dedicated funds have remained laggard in their category.

The shares of Kudremukh Iron Ore Company Limited (KIOCL) jumped by almost 5 per cent during trading hours on Wednesday when the company announced that National Mineral Exploration Trust (NMET) under Ministry of Mines has approved the execution of its mineral exploration project at an estimated price of Rs 270 lakh.

The all-weather operation on the main land to Andaman & Nicobar route vessel is designed with modern high-quality passenger vessel with electric propulsion suitable for carrying 1,200 passengers and 1,000T cargo.

Sensex closed above 200 points at the end of Wednesday’s trading session at 41,198.66 levels, up by 0.57 per cent. While, Nifty managed to close at 12,129.50 levels, up by 0.61 per cent.