Hyundai Motor India has obtained approval for its initial public offering from the Securities and Exchange Board of India, according to two sources familiar with the situation.

The South Korean automaker plans to raise $3 billion at a roughly $20 billion valuation, sources previously told Reuters.

Karnataka High Court on Tuesday dismissed Chief Minister Chief Minister Siddaramaiah's petition challenging the approval given by Governor Thaawarchand Gehlot for conducting investigation against him in the alleged illegalities in Mysuru Urban Development Authority (MUDA) allotting sites to his wife.

The Supreme Court on Tuesday refused to grant urgent hearing on a plea filed by businessman Amandeep Singh Dhall, who has challenged the Delhi High Court's verdict denying him bail in a corruption case linked to the alleged excise policy scam.

A bench of Justices Surya Kant and Ujjal Bhuyan declined the request of senior advocate Abhishek Singhvi, appearing for Dhall, who mentioned the matter for early hearing of the plea.

Reliance Power will seek shareholders' approval to raise Rs 1,524.60 crore through a preferential issue.

According to the postal ballot notice, the company will raise up to Rs 1,524.60 crore by preferential issue of up to 46.20 crore equity shares and/or warrants convertible into equivalent number of equity shares of the company at a price of Rs 33 per share/warrant.

US President Joe Biden will look to burnish his foreign policy legacy in a UN speech on Tuesday, still facing the challenges posed by Ukraine's effort to repel Russian invaders and in a Middle East mired in war.

With four months left in office, Biden steps up to the green-marbled lectern to address world leaders at the UN General Assembly with wars in both regions posing dilemmas likely to outlast his presidency.

Tirumala Tirupati Devasthanams (TTD) executive officer J Shyamala Rao on Monday said here that devotees can set aside their apprehensions regarding laddus at the temple as the sanctity of the 'prasadams' have been restored with a four-hour purification ritual.

The ritual was aimed at propitiating Lord Venkateswara Swamy from the alleged sacrilegious practices such as mixing animal fats in making Tirupati laddus and others.

Vodafone Idea (Vi) has begun a “fresh dialogue” with Centre to resolve the Adjusted Gross Revenue (AGR) dues issue, CEO of the telecom major Akshaya Moondra told analysts on Monday, asserting that the long-term business plans and revival strategy of the company remain “unaffected” from the curative petition outcome.

He also said the telco expected its ongoing efforts to raise debt funding to be completed in the next 2 months, as an independent third party has completed the techno-economic evaluation.

An Mpox patient admitted to the Lok Nayak Jai Prakash Narayan (LNJP) Hospital here earlier this month has been discharged, the hospital officials confirmed.

The 26-year-old patient, who had been admitted to the disaster ward dedicated to Mpox cases for almost 12 days, was discharged on Saturday.

Low-cost airline SpiceJet on Monday announced that it has raised Rs 3,000 crore through a Qualified Institutional Placement (QIP) from global investors and mutual funds, as the firm said it wants to restore its reputation for “efficiency and reliability”.

The airline also said it will receive an additional Rs 736 crore from a previous funding round with a view to improve its financial stability and support growth plans.

The US and India reached an agreement to work together on setting up a semiconductor fabrication plant in the South Asian nation, giving a boost to Prime Minister Narendra Modi’s efforts to bolster manufacturing in the country.

The proposed plant will make infrared, gallium nitride and silicon-carbide semiconductors, according to a White House readout that followed a meeting between the US President Joe Biden and Modi in Delaware on Saturday.

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