The primary market is gearing up for significant activity this week, with three companies -- Blackstone-backed Aadhar Housing Finance, healthcare tech firm Indegene and travel distribution firm TBO Tek -- poised to float IPOs aiming to collectively raise nearly Rs 6,400 crore.

Before that, JNK India garnered Rs 650 crore through its initial share-sale last month.

The Enforcement Directorate has filed a money laundering case against YouTuber Siddharth Yadav alias Elvish Yadav and some others under the charge of suspected use of snake venom as a recreational drug in parties he hosted, official sources said Saturday.

The central agency has pressed charges under the Prevention of Money Laundering Act (PMLA) after taking cognisance of a FIR.

A flood and a landslide hit Indonesia's Sulawesi island, killing 14 people, officials said Saturday.

Torrential rain pounding the area since Thursday triggered a landslide in Luwu district in South Sulawesi province, said local rescue chief Mexianus Bekabel.

India's largest port operator Adani Ports and Special Economic Zone Limited (APSEZ) is looking to expand its operations into the Philippines, with plans to invest in port development, according to a release issued by the office of the president of Philippines.

APSEZ Managing Director Karan Adani met with the Philippines President Ferdinand Marcos Jr at Malacañang on May 2 in a courtesy call to discuss Adani Group's plans for the port.

The Securities and Exchange Commission on Friday charged an auditing firm hired by Trump Media and Technology Group just 37 days ago with massive fraud though not for any work it performed for former President Donald Trump's media company.

The SEC charged the accounting firm BF Borgers and its owner, Benjamin F. Borgers, of deliberate and systematic failures in more than 1,500 audits.

India's markets regulator has sent notices of regulatory violations to seven companies of the Adani conglomerate, including its flagship Adani Enterprises, the group said in stock exchange filings.

The regulator began probing the Adani group, led by billionaire Gautam Adani, after Hindenburg Research in January 2023 alleged improper use of tax havens and stock manipulation by the group, accusations the group has denied.

Tata Motors has obtained requisite majority from its shareholders on the scheme of arrangement pertaining to conversion of shares with differential voting rights (DVR) (also known as A-ordinary shares) into ordinary shares. The resolution (Scheme of Arrangement of Tata Motors and its shareholders and creditors under Sections 230 to 232 of the Act) received an overwhelming 99.81 per cent ‘for’ votes, showed a stock exchange filing made by the company.

The shareholder approval will pave the way for Tata Motors to convert its shares with DVR into ordinary shares and thereby simplify its capital structure.

During Apple’s quarterly earnings call on May 2, Apple's CEO Tim Cook pointed out generative artificial intelligence as the company’s next frontier. According to a report by 9To5Mac, while talking about Apple’s annual Worldwide Developers Conference (WWDC), which is scheduled for June 10, the Apple CEO said that he is excited to reveal what the company has been working on.

Tim Cook did not point out the AI features that the company is working on for its ecosystem.

Former Delhi deputy chief minister Manish Sisodia approached the high court on Thursday seeking bail in the corruption and money-laundering cases lodged by the CBI and the ED respectively in relation to the alleged excise policy scam.

The bail pleas are scheduled for hearing before Justice Swarana Kanta Sharma on Friday.

Sisodia approached the high court after a trial court refused to grant him bail in the matter on April 30.

Six Adani Group firms have come under the Securities and Exchange Board of India (Sebi) lens and have received show-cause notices for alleged breaches in related party transactions and non-compliance with listing regulations, said the companies in their regulatory filings to the stock exchanges.

Among these, Adani Enterprises, the flagship of Gautam Adani's business empire, disclosed the receipt of two show-cause notices during the quarter ending on March 31.

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