Shiv Sena leader Sanjay Raut will appear before the Enforcement Directorate (ED) office today after the investigating agency declined his request to provide some extra time for his appearance in connection with a money laundering case.

The ED had sent him a second summons to appear before July 1, after he failed to appear in his first summon on Monday due to the then political crisis in Maharashtra.

Debt-ridden Future Enterprises Ltd (FEL) has announced another default, this time on payment of interest of Rs 6.15 crore for its non-convertible debentures.

The due date for payment was June 29, 2022, FEL said in a regulatory filing on Thursday.

"The Company is unable to service its obligations in respect of the interest on Non-Convertible Debentures...," it said.

McDonald's India on Thursday announced the launch of its first all-women drive-thru restaurant in Ekta Nagar, Gujarat.

This new restaurant, operated by Westlife Development, McDonald's India's franchise partner, is located in the vicinity of the Statue of Unity.

To run this drive-thru restaurant, Westlife Development employed 28 women from nearby villages, said a statement issued by the franchise partner.

Maruti Suzuki aims to increase its share in the SUV segment, the fastest growing in India’s car market, by launching four new brands in the next couple of years, said sources.

The company, which has around 43 per cent share of India’s passenger vehicle market, launched on Thursday a refurbished version of its popular compact SUV model Brezza. The price starts at Rs 7.99 lakh for the base variant and goes up to Rs 13.96 lakh for the top variant.

Bosch, the leading supplier of technology and services, is expanding its AIoT (artificial intelligence of things) activities in India. It is doing this by transforming its headquarters in Adugodi, Bengaluru, into a new smart campus called Spark.NXT. AIoT is the combination of artificial intelligence (AI) technologies and the Internet of Things (IoT) infrastructure, where devices communicate with each other intelligently.

The Securities and Exchange Board of India (Sebi) imposed a penalty of Rs 11 crore on eight entities for violation of corporate governance and wrongful sharing of data by the National Stock Exchange (NSE) for development of software on algorithm trading.

The case dates back to a period between 2009 and 2016 when the exchange engaged with academician Ajay Shah and Infotech Financial Services (where Sunita Thomas and Krishna Dagli were directors).

Daily coronavirus cases in India were recorded over 18,000 after a gap of 130 days, taking the COVID-19 tally to 4,34,52,164, according to the Union Health Ministry data updated on Thursday.

The active cases crossed the one-lakh mark again after 122 days.

The stage is set for the return of a BJP-led government in Maharasthra with Uddhav Thackeray resigning as chief minister shortly after the Supreme Court declined to stay the floor test called by Governor Bhagat Singh Koshyari in a special Assembly session on Thursday.

The BJP which is the single-largest party in the 288-member Maharashtra Assembly with 106 MLAs, is likely to stake claim to form the government.

Maharashtra Chief Minister Uddhav Thackeray resigned late on Wednesday evening after the Supreme Court refused to stay Thursday's floor test in the Assembly.

Earlier in the day, the top court said the floor of the House is the only way to settle these issues of democracy, observed the Supreme Court on Wednesday while hearing Shiv Sena chief whip Sunil Prabhu’s plea against Maharashtra Governor's direction to the Uddhav Thackeray-led Maha Vikas Aghadi (MVA) government to take a floor test in the Assembly on Thursday.

Around this time 13 years ago, billionaire Mukesh Ambani and his younger brother, Anil, were living in the same Mumbai house with their mother while they were busy fighting each other in Indian courts over their father’s empire. Dhirubhai Ambani had died in 2002 without leaving a will — and, thus, the seeds of a fraternal feud.

As part of a 2005 family settlement, Mukesh had won control of deep-sea fields in the Bay of Bengal that had just started producing gas. But the agreement also required him to supply cheap feedstock at a fixed price for 17 years to Anil’s proposed power plant.

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