business news

The ongoing Adani-Hindenburg controversy has taken a new twist as a petitioner involved in the case has alleged that the Securities and Exchange Board of India (SEBI) withheld crucial information from the Supreme Court and failed to act promptly on Directorate of Revenue Intelligence (DRI) alerts related to alleged stock manipulation by Adani companies.

A job applicant's Reddit post about receiving an Amazon gift card along with a rejection letter from a company called Secret Sushi has garnered attention and positive reactions. Reddit users appreciate the company's thoughtful gesture, and the post has received over 2,000 upvotes and numerous comments, with many expressing admiration for the company's considerate approach to rejection.

An Air China flight from Chengdu to Singapore had to make an emergency landing after its engine caught fire, injuring nine passengers. The incident prompted a brief closure of Changi Airport's runway, and investigations are underway to determine the cause.

Adani Group, with diversified interests, has seen its total market capitalization cross ₹11 trillion, driven by investor confidence and strategic initiatives in infrastructure and power amid India's growing energy demand.

Avenue Supermarts Ltd, the parent company of the popular D’Mart supermarket chain, has made a significant real estate acquisition in Mumbai. The company purchased three floors of retail space in a 31-storey residential building located in Kandivali West for a total of ₹88.74 crore. This transaction, finalized on August 24, includes 45,876.92 square feet of space on the ground, first, and second floors of Gauri Residency in Kandivali’s Babrekar Nagar.

Foreign delegates attending India's G20 summit have praised the Unified Payments Interface (UPI) technology, highlighting its convenience and inclusion. The Indian government offered practical UPI demonstrations to approximately 1,000 delegates as part of its Digital India initiative, emphasizing the country's digital public goods.

ITC Limited has been directed to compensate a customer with Rs 1 lakh after a packet of Sunfeast Marie Light biscuits contained one less biscuit than advertised. The consumer filed a complaint, highlighting the discrepancy and alleging unfair trade practices.

Tata Group's consumer unit is in discussions to purchase over 51% of Indian snack maker Haldiram's, a move that would put it in direct competition with Pepsi and Mukesh Ambani's Reliance Retail. However, Tata is reportedly hesitant about the $10 billion valuation sought by Haldiram's.

InterGlobe Aviation Ltd, the parent company of IndiGo, has received board approval to establish a financial services subsidiary at Gujarat International Finance Tec-City (GIFT City), with an initial investment of INR 30 crore. This move follows Air India's recent establishment of a leasing unit at IFSC Gift City, aligning with India's efforts to become a global aircraft leasing hub.

Hero MotoCorp's board has approved a substantial INR 550 crore investment in Ather Energy, an electric two-wheeler manufacturer. Ather Energy is gearing up for a pre-IPO funding round, with industry sources suggesting plans for an IPO by 2024, contingent on profitability and market conditions.