The multi-crore Dharavi slum redevelopment project involves no land transfer to the Adani group but to the Maharashtra government's departments, and the Ahmedabad-based conglomerate, as a project developer, will build houses that will be handed over to the same departments for allotment to residents of Asia's biggest slums, sources said.

Denying allegations of land grab made by MP Varsha Gaikwad, sources close to the project said land parcels are to be transferred only to Dharavi Redevelopment Project/Slum Rehabilitation Authority (DRP/SRA) of the state government's housing department.

Five of the top-10 most valued firms together added Rs 85,582.21 crore in market valuation last week, with Life Insurance Corporation of India (LIC) emerging as the biggest gainer, in-line with positive trend in equities.

Last week, BSE benchmark Sensex climbed 299.41 points or 0.39 per cent. The 30-share barometer hit its all-time high of 77,145.46 on June 13.

In a significant step towards enhancing green energy generation in the state, Assam Chief Minister Himanta Biswa Sarma laid the foundation stone for a 25-MW solar power generation project at the premises of the Namrup Thermal Power Station in Dibrugarh district on Friday.

A joint venture between the Assam Power Generation Corporation and Oil India Limited, the project will span 108 acres and is expected to cost Rs. 115 crore.

South Korean automotive giant Hyundai Motor Co's Indian subsidiary, Hyundai Motor India Limited, has filed draft papers to the Securities and Exchange Board of India (Sebi) to raise around $3 billion through an initial public offering (IPO), aiming for a valuation between $18 billion to $20 billion, according to a report in Moneycontrol.

If the listing proceeds as planned, this transaction, which is a pure Offer For Sale (OFS) by the promoter.

Amidst the persisting water and power crises in Delhi, state minister Atishi and AAP MP Raghav Chadha said on Thursday that they met Chief Minister Arvind Kejriwal lodged in the Tihar jail and were directed to take measures to curb the problems as soon as possible.

The Aam Aadmi Party (AAP) convener is lodged in Tihar jail's number 2 in the excise policy-linked money laundering case.

Prime Minister Narendra Modi on Friday held bilateral talks with Italian Prime Minister Giorgia Meloni on the sidelines of the G7 Summit here.

Modi arrived in Italy early Friday at the invitation of Prime Minister Meloni to participate in the G7 Outreach summit. This is his first foreign trip after becoming prime minister for the third term earlier this month.

India's largest IT services exporter, Tata Consultancy Services (TCS), announced on Friday that it has received an adverse judgment from the United States District Court, Northern District of Texas, Dallas Division to pay a $194 million penalty.

In a stock exchange filing, the company said, "...we hereby inform you that the company has received an adverse judgement passed by United States District Court, Northern District of Texas, Dallas Division, details of which are provided in Annexure A.

Shares of defence companies soared up 17.6 percent on the BSE in Friday’s intraday deals. This came after the Defence Minister Rajnath Singh announced on Thursday that India aims to elevate its defence exports to surpass Rs 50,000 crore within the next five years.

This announcement boosted the momentum of defence stocks listed on Dalal Street. Shares of Paras Defence and Space Technologies hit its 52 week high, rising 17.6 per cent at Rs 1,130 per share on the BSE in intraday deals.

Chief Minister MK Stalin has expressed his condolences and announced financial aid of Rs 5 lakh each to the families of seven Tamil Nadu natives who lost their lives in the Kuwait fire tragedy.

Fourty-five Indians have lost their lives in the deadly fire that broke out in the "labour accommodation" in the Mangaf area of Kuwait in the early hours of Wednesday.

The BJP and the Ajit Pawar-led NCP on Thursday indulged in a verbal duel over an article in Organiser, a weekly known to be close to the RSS.
The article had criticised the BJP for forming an alliance with the NCP.

Speaking to reporters, NCP leader and state minister Chhagan Bhujbal said, "To some extent, it (article) may be true.

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