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The company also released its annual report for the financial year 2023-24 on Wednesday.

Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year, driven by price cuts that attracted more shoppers to its stores.

One 97 Communications is selling its movie and events ticketing businesses to Zomato. This will be done by first transferring these businesses to its subsidiaries OTPL and WEPL, and then Zomato will acquire these subsidiaries, making them its own.

The IPO consists of two parts: a fresh issue of equity shares aiming to raise up to Rs 1,291 crore, and an offer for sale (OFS) where existing shareholders will offload up to 3.42 crore shares. Under the OFS, South Asia Growth Fund II Holdings LLC will sell the majority of shares, with South Asia EBT Trust and promoter Chiranjeev Singh Saluja also contributing to the sale.

IIFL Securities has been imposed with a Rs 11 lakh penalty by Sebi for breaching stock broker regulations. An inspection in August 2022 uncovered lapses such as faulty fund settlement and inaccurate retention statements.

The Indian Renewable Energy Development Agency Ltd (IREDA) on Wednesday said its board will consider a proposal to raise up to Rs 4,500 crore through issuance of shares in its meeting on August 29.

Indian markets ended higher after a volatile session on Wednesday. Sector-wise, gains were noted in metal, healthcare, FMCG, and consumer durables, while banks, power, and realty stocks saw declines.

Gold prices remained flat at Rs 74,150 per 10 grams in the national capital on Wednesday, according to the All India Sarafa Association. The yellow metal of 99.9 per cent purity had jumped Rs 1,400 to settle at Rs 74,150 per 10 grams in the previous session on Tuesday.

The Indian rupee depreciated against the US dollar and closed at 83.92/$1 on Wednesday to record its worst single day performance since 26th June, due to dollar demand from domestic banks and corporates and FPI outflows from equities, traders said.