Adani Enterprises Ltd (AEL) plans to raise up to Rs 1,000 crore through public issue of non-convertible debentures to support business operations.

AEL is the flagship company of the Adani group with promoter group holding a 72.28 per cent stake in the company as on June 30, 2022.

Amazon said its ongoing month-long sale ‘Great Indian Festival (AGIF) this year is turning out to be the biggest-ever event for the e-commerce firm. The event witnessed the largest-ever participation from sellers and brand partners bringing services to millions of customers across the country.

“The Great Indian Festival is turning out very clearly to be our biggest-ever event in terms of value and units sold,” said Manish Tiwary, vice president and country manager, Amazon India.

The Chief Executive Officers (CEOs) of Indian companies got an average hike of 4 per cent on their compensation in FY22, reported The Economic Times. This is a moderate increase from the pre-pandemic period.

According to members of nomination and pay committees of several blue-chip corporations, there is a growing trend of linking CEO salaries to results and performance.

The Indian Army is celebrating the diamond jubilee of the battle of Walong, a shining example of unparalleled bravery, guts and sacrifice by the soldiers who fought the Chinese onslaught in 1962.

The month-long celebration was inaugurated by General Officer Commanding (GOC), Spear Corps, in the easternmost location of India at Walong in Arunachal Pradesh's Anjaw district.

Delhi Chief Minister Arvind Kejriwal on Tuesday inaugurated 11 high-tech low-cost electric charging stations in different parts of the city as part of a larger project to set up 100 charging stations across the national capital in the next two months.

"Through these 11 electric charging stations, Delhi has given the world the most affordable model of its kind. Driving an EV after charging them here would be extremely cheap it would barely cost 7 paise/km for two-wheelers, 8 paise/km for three-wheelers and 33 paise/km for four-wheelers," he said.

Six days after the inauguration by Prime Minister Narendra Modi, New Delhi to Amb Andaura Vande Bharat Express commenced its regular service on Wednesday.

The Vande Bharat Express, also known as Train 18, is a semi-high-speed, intercity, electric multiple-unit train operated by the Indian Railways.

Navratna defence PSU Bharat Electronics Ltd has signed an MoU with US-based Triton Electric Vehicle for manufacturing Hydrogen fuel cells with technology transfer from the latter to meet the requirements of the Indian market and mutually agreed export markets.

The Memorandum of Understanding (MoU) aims at tapping the demand for clean energy solutions for various applications.

Invesco-owned entities on Tuesday sold its 5.51 per cent stake Zee Entertainment Enterprises (Zee). It sold nearly 53 million shares at Rs 263.7 apiece to mop up Rs 1,396 crore, data showed.

Morgan Stanley, Citigroup, Bank of America, Abvendus, ICICI Prudential MF were some of the buyers.

Congress leader and MP Rahul Gandhi's Bharat Jodo Yatra entered Andhra Pradesh on Tuesday as he reached Halaharvi under Aluru constituency from neighbouring Karnataka.

Rahul continued his foot march from the Hanuman temple in Chatragudi.

State Congress president Sake Sailajanath and other senior leaders received Rahul as he crossed into AP.

Shares of Zee Entertainment Enterprises (ZEE) surged 6 per cent to Rs 280.05 in Tuesdays intra-day trade, after nearly 53 million shares of the company changed hands via block deals on the National Stock Exchange (NSE).

About 52.93 million shares, representing 5.51 per cent stake of ZEE, worth Rs 1,396 crore changed hands on the exchange at a price of Rs 263.7 per share, data shows. The names of the buyers and sellers, however, could not be ascertained immediately.

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