Spirits company Pernod Ricard India on Friday signed a Memorandum of Understanding (MoU) with the government of Maharashtra to establish a malt distillery in Nagpur.

The company said that it plans to invest up to Rs 1,800 crore (€ 200 million) for this in the decade.

Farmer leader Sarwan Singh Pandher on Saturday said that the Kisan Mazdoor Morcha and SKM (non-political) will hold a candle march on both Shambhu and Khanauri borders on Saturday evening, in memory of martyrs.

"This is the 12th day of the morchas at Shambhu and Khanauri. Yesterday, Kisan Mazdoor Morcha and SKM (non-political) decided that a candle march will be held on both borders this evening, in memory of martyrs," he said.

The Reserve Bank of India (RBI) on Friday said Paytm’s Unified Payments Interface (UPI) handle, @paytm, would be smoothly migrated from Paytm Payments Bank to a set of newly identified banks to minimise disruptions after March 15.

The RBI has barred Paytm Payments Bank from accepting fresh credits in its customer accounts or mobile wallets after March 15. It has also ordered termination of nodal accounts of One 97 Communications Ltd (OCL) and Paytm Payments Services Ltd.

The Maharashtra Food and Drug Administration (FDA) has taken stringent action against fast-food giant McDonald's, accusing it of misleading consumers by using substitutes in place of real cheese in burgers and nuggets, according to a report by the Times of India (TOI). Following the suspension of a McDonald's outlet license in Ahmednagar, the chain has removed the term "cheese" from various menu items while the FDA is pressing for wider corrective measures across the state and, potentially, the nation.

Congress leader Rahul Gandhi lashed out at the Bharatiya Janata Party (BJP) once again, accusing them of corruption.

The Congress leader took to 'X' on Friday and wrote, "Do you know about the Prime Minister's "Give Donations, Take Bail and Business" scheme? The Prime Minister is misusing ED, IT, and CBI through this 'Donation Business' in the guise of 'Vasuli Bhai.'

After introducing it in a limited pilot, Google is ready to roll out the SoundPod to merchants across India in coming months. Powered by Google Pay platform, SoundPod is an audio device that helps merchants track QR code payments with audio alerts when a payment is received. Google Pay in a press note stated that it has received positive feedback from participating merchants and thus has decided to make the product available widely.

Telecom operator Vodafone Idea (VIL) on Thursday said its board will meet on February 27 to consider fundraising proposals.

In a statutory filing, VIL said the board of directors will consider and evaluate all proposals for "raising of funds in one or more tranches by way of a rights issue, further public offer, private placement including preferential allotment, qualified institutions placement or through any other permissible mode and/or combination".

KKR & Co is planning to invest a significant portion of its new $6.4 billion Asia-focused fund in the Indian infrastructure sector, including roads, highways, and renewables. The New York-based private equity major has already invested $3 billion in the Indian infrastructure space as part of its total $10 billion investment in the country.

The Asia Pacific Infrastructure Investors II Fund, which closed on February 1, has identified India, South Korea, Southeast Asia, Japan, Australia, and New Zealand for the deployment of funds.

Edtech giant Byju’s said that its Chief Executive Officer and founder Byju Raveendran will not attend the extraordinary general meeting (EGM) called by select investors on Friday, February 23, as it is invalid.

The current board of Byju's parent, Think and Learn, including Raveendran, his wife and Byju's co-founder Divya Gokulnath, and his brother Riju Ravindran will also not attend the EGM. It is expected to be conducted virtually.

India's stock market will surge to new highs by the end of June and gain nearly 9 per cent in 2024, despite already lofty valuations, according to analysts polled by Reuters, who said a correction in the next three months was unlikely.

The BSE Sensex index, closely tracking the US S&P 500 index, climbed nearly 19 per cent last year on expectations global central banks will cut interest rates in 2024 and India's economic growth will outpace its peers.

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