US-based electric vehicle maker Tesla is looking to source components worth around $1.9 billion this year against $1 billion in the last year, Commerce and Industry Minister Piyush Goyal said on Wednesday.

The minister said that going forward, demand for electric vehicles will increase and it will help in pushing the growth of the sector.

Japan’s Sumitomo Realty & Development Company will buy a 22-acre land parcel in central Mumbai from Bombay Dyeing for Rs 5,200 crore, the Wadias-run company said on Wednesday.

The sale of the land parcel in Worli is one of the biggest land sale transactions in the history of the financial capital.

Ajay Kumar Agarwal, a former Adani Group contractor, has filed an application in the Supreme Court (SC) stating that he has worked with the conglomerate and has witnessed money transfers from one subsidiary to the other, The Economic Times (ET) reported on Wednesday. Agarwal has sought permission from the apex court to intervene in the investigations by the Securities and Exchange Board of India (Sebi).

Agarwal, a director of EBPL Ventures, was the electrical contractor for Adani's Sarguja Rail Corridor Project. He said he would like to help the court and Sebi protect investors' larger interest.

Logistics firm Blue Dart has rebranded its premium service in India from Dart Plus to Bharat Plus, it said in a BSE filing on Wednesday. The company said that the move underlines its "unwavering commitment to serve the diverse needs of Bharat".

Blue Dart stated in the release that the decision to rebrand this service stems from an extensive discovery and research process aimed at aligning itself to the evolving needs of its customers. "Bharat Dart is poised to refine express logistics services in Bharat, offering unmatched speed, coverage, and business of all sizes, " the logistics firm said.

Shares of GMR Power and Urban Infra were locked in the 10 per cent upper circuit at Rs 36.59 on the BSE in Wednesday's intra-day trades as of 11:39 AM; after the GMR Group received Letter of Intent (LOA) for a smart metering project worth of Rs 2,470 crore from Dakshinanchal Vidyut Vitran Nigam Limited.

A combined 15.67 million equity shares changed hands and there were pending buy orders for 1.5 million shares on the NSE and BSE.

Two Adani group stocks were among the top five large-cap stocks bought by mutual funds in August 2023.

A total of 61 lakh shares of Adani Power were bought in August as opposed to 17 lakh shares in July 2023, according to ICICI Securities.

Twenty-two lakh shares of Adani Energy were bought in August, up from 16 lakh in July 2023.

Eleven people from Gujarat were killed and at least 15 injured when a trailer rammed into their bus from behind in Rajasthan's Bharatpur district early on Wednesday, police said.

The bus was on its way from Gujarat to Mathura in Uttar Pradesh when the accident occurred around 4.30 am, they said.

For the first time, the new iPhone model you buy on the launch day could be made in India.

Apple Inc. plans to make the India-built iPhone 15 available in the South Asian country and some other regions on the global sales debut day, people familiar with the matter said. While the vast majority of iPhone 15s will come from China, that would be the first time a latest generation, India-assembled device is available on the first day of sale, they said, asking not to be identified as the matter is private.

IDFC First Bank on Monday said GQG Partners acquired its 50.7 million shares from Managing Director (MD) and Chief Executive Officer (CEO) V Vaidyanathan via a block deal.

Vaidyanathan will use part of the deal’s proceeds to subscribe to the bank’s fresh shares by exercising stock options. His stake in the bank, which was 0.54 per cent at the end of June, will now go up to 1.23 per cent.

The American government’s development finance institution has approved investing up to $425 million in TP Solar, a subsidiary of Tata Power Renewable Energy (TPREL), for the Indian firm’s greenfield solar cell plant in Tirunelveli district of Tamil Nadu.

The 4.3 gigawatt (GW) plant’s first module production is expected by this year’s end. TPREL is a subsidiary of Tata Power, one of India’s largest integrated power companies.

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