The US government has fined Air India $1.4 million for "extreme delays" in refunding passengers $121.5 million for flights cancelled or changed significantly.

Announcing the action against the Indian flag carrier and five other airlines on Monday, Transportation Secretary Pete Buttigieg said: "A flight cancellation is frustrating enough, and you shouldn't also have to haggle or wait months to get your refund."

Piramal Capital and Housing Finance Ltd has withdrawn the insolvency proceedings against Reliance Power Ltd.

Piramal Capital and Housing Finance Ltd has withdrawn the application made against Reliance Power Ltd under section 7 of the Insolvency and Bankruptcy Code 2016, a BSE filing stated.

Paytm's pre-IPO investors, which include likes of Warren Buffet's Berkshire Hathway, SoftBank, Elevation Capital and Alibaba, do not seem to be in a hurry to exit the company as they continue to believe in its long-term prospect, analysts said.

On Tuesday, 86 per cent of Paytm's shares became free to trade after end of lock-in period but that had a minimal impact on the stock.

Meta Platform Inc.’s former policy head for India is set to take a similar role at Samsung Electronics Co.’s local unit, people with knowledge of the matter said.

Rajiv Aggarwal will take up the position, which entails liaising with and lobbying government officials on domestic policy matters, from December, one of the people said, asking not to be identified because the appointment hasn’t been made public.

As the crypto world remains surrounded by mostly negative news, there has been a global meltdown in investment in the once-bright sector. Indian investors, too, seem wary, some of them reassessing their exposure and others completely withdrawing until they could make sense of the volatile situation.

Already on shaky ground, after several digital coins began losing their value a few months ago, the collapse started earlier this month when Binance CEO Changpeng Zhao announced his exchange was liquidating all FTX tokens.

The AAP on Monday instructed its MCD poll candidates to hold padyatras and door-to-door campaigns to reach out to voters ahead of the elections, party officials said.

The directions were issued at a meeting of the party's 250 candidates that was presided over by Delhi Deputy Chief Minister Manish Sisodia. Delhi Environment Minister Gopal Rai and AAP leaders Atishi and Durgesh Pathak also attended the meeting.

Amid chaos at Twitter, Elon Musk will face two court cases in the US this week, one defending his $56 billion pay package from allegations by Tesla shareholders and the other is a manslaughter trial set to begin in Los Angeles state for a fatal crash.

Taken together, the twin trials represent a critical test for Musk's multitasking skills, reports The Verge.

Shares of Apollo Tyres hit a multi-year high of Rs 303.40 as it surged 6 per cent on the BSE in Tuesday's intra-day trade, in an otherwise subdued market, after the company reported a double digit growth in revenue, and earnings before interest, taxes, depreciation, and amortization (Ebitda) in the September quarter (Q2FY23) despite challenging environment.

At 12:11 pm, the stock was trading 4 per cent higher at Rs 297.65, as compared to 0.21 per cent decline in the S&P BSE Sensex.

The Employees' Provident Fund Organisation (EPFO) is set to induct 35 young legal professionals to assist it in managing litigation and quick resolution of disputes, a report in The Economic Times said.

These professionals, who will work as researchers, will be initially hired for 11 months. Following an assessment of their performance, their services may be extended.

India Resurgence Fund (IndiaRF), an India-focused investment platform backed by Piramal Enterprises Limited and Bain Capital, has invested Rs 550 crores in food and beverage (F&B) company Impresario Entertainment and Hospitality Private Limited. With this, IndiaRF has become the majority shareholder of Impresario.

Funds will be used by the company to fuel the further expansion of Impresario’s business.

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