US-based short seller Hindenburg Research has said that it received a "show cause" notice from the Securities and Exchange Board of India (Sebi) on June 27 "outlining suspected violations of Indian regulations" and alleged that the regulator came to Adani Group's aid after the January 2023 report was released.

"Our understanding from discussions with sources in the Indian market is that Sebi's surreptitious aid of Adani commenced almost immediately post-publication of our January 2023 report," it said in a blog post on Tuesday.

Niva Bupa Health Insurance has filed a draft red herring prospectus (DRHP) with the capital market regulator Sebi to raise Rs 3,000 crore via Initial Public Offering (IPO).

The IPO with a face value of Rs 10 each is a mix of fresh issuance of Rs 800 crore and an offer for sale (OFS) of up to Rs 2,200 crore by promoter and investor selling shareholders. Out of total OFS, Bupa Singapore Holdings Pte. Ltd will raise Rs 320 crore and up to Rs 1880 crore by Fettle Tone LLP.

BJP leader Anurag Thakur on Monday listed out various economic achievements of the NDA government in the last 10 years and took a swipe at Rahul Gandhi, saying he was enjoying power without responsibility till he became the Leader of Opposition in the Lok Sabha.

Initiating the discussion on the Motion of Thanks on President's Address, Thakur said the Lok Sabha elections have kept those against the Constitution in the Opposition benches for the third time.

The ruling DMK on Monday said Tamil Nadu was the first state to oppose NEET and with irregularities becoming apparent now, major parties at the national level are raising their voices against the test.

With Leader of Opposition Rahul Gandhi raising the NEET issue in Lok Sabha, the DMK dubbed the medical entrance test as a kind of business/industry, created for the 'welfare' of coaching centres that rake in 'several lakh crores.'

Realty firm Godrej Properties on Monday said it has acquired a 7-acre land in Bengaluru to develop a luxury housing project with an estimated revenue of Rs 1,200 crore.

In a regulatory filing, the company informed about the acquisition of around 7 acres of land in Thanisandra, North Bengaluru on an outright basis.

The Reserve Bank of India (RBI) on Monday said 97.87 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,581 crore worth of the withdrawn notes are still with the public.

On May 19, 2023, the RBI announced the withdrawal of Rs 2000 denomination banknotes from circulation.

Beginning July 1, credit card users will be unable to make repayments on third party fintech applications for banks that have not come on board Bharat Bill Payments System (BBPS).

Many players that Business Standard spoke to said they will pause credit card payment for banks that have not gone live.

Some of the fintechs that will get impacted include Cred, Paytm, Phonepe and Amazon Pay, among others.

Maharashtra Deputy Chief Minister Ajit Pawar on Friday announced a financial assistance scheme entailing a monthly allowance of Rs 1,500 to eligible women in the age group of 21 to 60 years in the state Budget for 2024-25.

Pawar, who holds the finance portfolio, said in his budget speech in the assembly that the scheme, "Mukhyamantri Majhi Ladki Bahin Yojana", will be implemented from July, four months ahead of the state polls which are due in October.

ITC Ltd has achieved a significant milestone, surpassing Britannia Industries to claim the title of India's second-largest listed packaged foods company by sales, trailing only behind Nestle, reported The Economic Times (ET).

According to its latest annual report, ITC's foods business recorded consolidated sales of Rs 17,194.5 crore for the fiscal year ending March 31, 2024.

Consumer spending on telecom services, including taxes, is set to surge by around Rs 47,500 crore annually, spurred by substantial tariff hikes from India's leading telcos and elevated rates for users embracing 5G services, reported The Economic Times (ET).

Reliance Jio and Bharti Airtel have taken decisive measures to effectively monetise 5G, significantly raising costs for consumers seeking premium next-generation mobile broadband.

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