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Gautam Adani- led Adani Group denies allegations of Mauritius-based offshore funding Adani Group denies new allegations of using opaque investments through Mauritius made by OCCRP. They reject the claims as recycled and without merit

Embraer taps HAL, Tata for defence aircraft mfg The company is open to any agreement that will propose the best plan and help it penetrate the Indian market

RJio spin-off or IPO expected within five years: Jefferies Some brokerage houses critiqued the absence of a roadmap for the listing of Reliance Jio and Reliance Retail entities.

UBS winds down Credit Suisse global markets business: Report Increases in positions, or maturity extensions, will now not be possible for clients at Credit Suisse, which trades a wide variety of assets from stocks to currencies. Existing positions will continue to be serviced.

Go First lessor moves NCLAT to stop its planes from flying The lessor's legal action is against the resolution professional (RP) of the airline, Shailendra Ajmera, and is scheduled for a hearing on Thursday at the NCLAT

Softbank Vision Growth Fund sells 1.17% stake in Zomato for ₹947 crore deal: Report Part of Japan's SoftBank Group, the venture capital sold 100 million shares at 94.7 rupees apiece in bulk deals.

Agrochem cos worry over rain, dam levels A weakened monsoon in August is adding to the challenges of farmers as well as agrochemical manufacturers.

Dunzo pushes pending June, July salary payments to October The cash-strapped startup has been trying to raise at least $75 million to $150 million in fresh capital from existing and new investors.

Inox India files draft papers Cryogenic tank maker Inox India has filed a draft red herring prospectus with SEBI to raise funds through an IPO. The offering will comprise an offer for sale by promoters and other shareholders and will include a total of 22.11 million shares. The company operates...

RBI allows BCCL shareholder to surrender NBFC licence RBI regulations state that financial activity will be considered the principal business of a company when financial assets constitute more than 50% of the total assets and income from financial assets constitute more than 50% of the gross income.

Titan plots wider play in premium watches More international collaborations for premium watches on cards

PME to invest ₹100 crore for Miss World event The beauty pageant is scheduled to be held in India in November, but the venue is yet to be finalized

MCA changes delayed, FY23 filing in old forms The development comes as a relief for professionals in corporate sector

Auto firms look to speed up as festive season kicks off Passenger vehicle sales may cross the 1-million unit mark this festive season for the first time

SoftBank to sell 1.17% stake in Zomato SoftBank's Svf Growth is set to sell a 1.17% stake in Zomato for around $114 million. The deal comes after other major investors, including Tiger Global and DST Global, offloaded their shares in the food aggregator.

Sharp pay cuts in small towns as more cos end remote work The resurgence of in-office policies has led to a decline in compensation by over 40% for candidates located in smaller towns and cities, according to experts

JSW may buy Ford’s shut Chennai plant The development comes at a time when the JSW Group has intensified attempts to enter the automobile sector, including acquiring a stake in MG Motor India

‘Certain NBFCs should be allowed to raise deposits’ Earlier, NBFCs used to have some advantage; there was a little more loosening in terms of RBI control compared to banks, said Piramal

‘Need coordinated data regulation in a connected world’ In an interview, Michael Miebach, the chief executive who succeeded Ajay Banga in 2021, discussed Mastercard’s Indian strategy

Maruti to invest ₹45,000 cr to double capacity by FY31 Though it lags peers in EV launches, Maruti will drive growth with hybrid and CNG vehicles