Abu Dhabi Investment Authority (ADIA) and investment management company KKR have made investments in Reliance Retail Ventures Limited (RRVL) warehousing assets, in a transaction valued at Rs 12,864 crore ($1.5 billion), according to a report in The Economic Times (ET).

This investment is separate from the infrastructure investment trust (InvIT) established by RRVL last year, which was intended to accommodate approximately half of its retail warehousing assets.

The Reserve Bank of India's decision to lift curbs on Bajaj Finance's two products, earlier than expected, sent the stock on a tear. Bajaj Finance stock soared 7.5 per cent to Rs 7,400 in Friday's intraday trade as against 0.6 per cent rise in the benchmark S&P BSE Sensex. This was the stock's biggest single-day rally in three years.

Bajaj Finance stock had hit a record high of Rs 8,190 on October 6, 2023.

In a significant development, the Reserve Bank of India (RBI) has announced that 97.76% of the Rs 2,000 currency notes in circulation have returned to the banking system. Only Rs 7,961 crore worth of the withdrawn notes are still with the public.

According to the RBI's statement, the total value of Rs 2,000 banknotes in circulation has declined from Rs 3.56 lakh crore on 19 May 2023 to just Rs 7,961 crore as of 30 April 2024.

Nationalist Congress Party (Sharadchandra Pawar) chief Sharad Pawar on Thursday criticised Prime Minister Narendra Modi, saying his speeches were not based on facts and reality.
Talking to reporters here, Pawar also alleged that PM Modi doesn't talk about the basic issues that people face and diverts their attention.

"I have never seen a prime minister earlier whose speeches were not based on facts and reality. He is satisfied with targeting me and Uddhav Thackeray," Pawar said.

Donald Trump returned briefly to the campaign trail Wednesday and called the judge presiding over his hush money trial crooked a day after he was held in contempt of court and threatened with jail time for violating a gag order.

Trump's remarks at events in the battleground states of Wisconsin and Michigan were being closely watched after he received a $9,000 fine for making public statements about people connected to the criminal case.

The Adi/Nadir Godrej family, along with other family members/trusts, has made an open offer to the shareholders of Astec Lifesciences to acquire an additional 26 per cent stake from the public as part of the family settlement agreement (FSA), according to an announcement to the stock exchanges on Wednesday.

The offer, made at the price of Rs 1,069.75 per share, was triggered by the Adi/Nadir family's plan to acquire a 20.84 per cent stake in Godrej Industries (GIL) from the Jamshyd Godrej/Smita Crishna Godrej family, according to the FSA announced on Tuesday.

Andhra Pradesh Chief Electoral Officer Mukesh Kumar Meena on Tuesday said 49 Lok Sabha candidates and 318 Assembly candidates have withdrawn their nominations for the May 13 simultaneous elections in the state.

Consequently, the number of candidates contesting the 25 Lok Sabha seats got pruned to 454 and the 175-member Assembly to 2,387 candidates, the CEO said.

The Delhi High Court, on Wednesday, granted SpiceJet a final chance to settle a payment of Rs 50 crore to its engine lessors, Team France and Sunbird France. If the airline fails to meet this obligation, it risks having two of its engines grounded, according to a report in The Economic Times (ET).

Justice Pratibha Singh instructed the counsel representing SpiceJet to obtain guidance by May 3 regarding the feasible time period for the low-cost carrier to pay Rs 50 crore to its lessors.

Gautam Adani-led Adani Power on Wednesday reported a 47.8 per cent decline in consolidated net profit to Rs 2,737 crore for the quarter ended March 2024 (Q4FY24). The power company had reported a net profit of Rs 5,242 crore in the year-ago period (Q4FY23), according to its stock exchange filing.

At Rs 2,737 crore, the company's net profit remained unchanged from the previous quarter (October-December).

The Supreme Court on Tuesday pulled up the Uttarakhand State Licensing Authority for inaction in the misleading advertisements case involving Patanjali Ayurved Limited.

Expressing dissatisfaction over the explanation offered by the body, a bench of Justice Hima Kohli and Justice Ahsanuddin Amanullah observed it appeared that the licensing authority got activated to take action in accordance with the law only after the apex court's April 10 order.

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