Benchmark indices settled lower on Wednesday, with NIFTY50 down 0.34% and SENSEX shedding 318 points. In the NIFTY50 space, 34 stocks declined. Trent, Mahindra & Mahindra and Infosys were among the top losers.

Billionaire Gautam Adani's conglomerate deferred a USD 1.2 billion bond offering to post US elections due to weak market conditions, sources said.

Units of Adani Green Energy Ltd, the conglomerate's clean-energy business, were to offer a 20-year green note on Tuesday but deferred it at the last minute.

Benchmark indices traded lower on Wednesday, with NIFTY50 down 0.17% and SENSEX shedding 150 points. In the NIFTY50 space, 32 stocks declined. Trent, Mahindra & Mahindra and Hero MotoCorp were among the top losers.

Akums Drugs and Pharmaceuticals on Wednesday said it has inked a licensing pact with Canada-based Triple Hair Inc.

As per the terms of the agreement, the company has been granted exclusive rights to further develop and market the products recently innovated by Triple Hair Inc, in India, Akums Drugs and Pharmaceuticals said in a regulatory filing.

South Indian Bank on Wednesday posted an 18% increase in profit at ₹325 crore in the second quarter ended September 2024.

The private sector lender had posted a net profit of ₹275 crore in the same quarter a year ago.