MSCI ESG Research said on Friday it recently changed some of its environmental, social and governance assessments of Adani Group entities, after the Indian conglomerate was caught up in a short-selling storm in recent weeks.

Seven listed Adani Group companies lost over $100 billion in market value combined after a Jan. 24 report by Hindenburg Research alleged stock manipulation and improper use of tax havens, and flagged concerns over debt levels.

Congress President Mallikarjun Kharge on Friday accused the Narendra Modi government of making "sinister attempts to kill democracy" by misusing probe agencies against Opposition leaders, as he slammed the Centre over the ED searches on the premises of former Bihar Chief Minister Lalu Prasad Yadav's family.

The Enforcement Directorate on Friday conducted searches in multiple cities of Bihar and other locations, including premises of Yadav's family and other RJD leaders, in connection with a money laundering investigation into the land for jobs 'scam' case.

Tata Technologies Ltd. has sought approval from India’s markets regulator for an initial public offering in which its parent carmaker Tata Motors Ltd. and other investors will sell as many as 95.7 million shares.

The initial sale in the engineering unit of luxury carmaker Jaguar Land Rover’s owner will comprise a 23.6% stake, according to a filing. Tata Motors is selling as many as 81.1 million shares, or a 20% stake. Alpha TC Holdings Pte.

A Delhi court is to hear on Friday the bail application of Aam Aadmi Party (AAP) leader and former deputy Chief Minister Manish Sisodia in connection with the now-scrapped excise policy case.

He was arrested by the Central Bureau of Investigation (CBI) on February 26 after quizzing him for several hours.

Binny Bansal, the co-founder of Flipkart, is considering investing $100–150 million in the online payment platform PhonePe. The development has come to light as the digital payments company is conducting a financing round, according to a report in The Economic Times (ET). If successful, the investment will be among the largest individual investments in a new-age company.

Quoting a person familiar with the matter, the report said, "The amount that he (Binny Bansal) is investing is yet to be finalised. The talks have been on and are likely to close soon."

India's fuel demand hit its highest level in at least 24 years in February, data showed on Thursday, with industrial activity in Asia's third biggest economy boosted by cheap Russian oil.

Consumption of fuel, a proxy for oil demand, rose by more than 5% to 4.82 million barrels per day (18.5 million tonnes) in February, its 15th consecutive year-on-year rise, data showed.

Vodafone Group Plc and Three UK are putting the final touches on a deal to create Britain’s largest mobile operator and may announce details of the tie-up as soon as this month, people with knowledge of the matter said.

London-listed Vodafone and Three UK’s owner, CK Hutchison Holdings Ltd., are working through the last details of the structure of the deal, and ways to address potential antitrust issues surrounding it, the people said.

Reacting to Y+ category security cover given by the Centre to Upendra Kushwaha, who parted his ways with the JD-U and formed his new party RLJD, JD-U state president Umesh Kushwaha claimed that every leader "who is sitting in the lap of BJP and is abusing Bihar Chief Minister Nitish Kumar are getting higher positions".

"Upendra Kushwaha is a part of NDA and he is continuously giving statements against Nitish Kumar. When he joined the JD-U, he was saying that he would make the JD-U a number one party in the state... Now, the people of Bihar know where he is sitting. He is not faithful to anyone," Umesh Kushwaha said.

After the Indian Army recently cleared women officers for command roles, Colonel Geeta Rana of the Corps of Electronics and Mechanical Engineers has become the first woman officer to take over command of an independent field workshop in the Eastern Ladakh sector with China.

"Colonel Geeta Rana of Corps of Electronics and Mechanical Engineers has become the first woman officer to take over command of an Independent Field Workshop in a forward and remote location in Eastern Ladakh", Indian Army officials from Fire and Fury Corps tweeted.

Capital markets regulator Sebi on Wednesday imposed restrictions on the placement of bids, price and volume for the companies undertaking share buyback through the stock exchange route.

Under the restrictions, a company will not be able to purchase more than 25 per cent of the average daily trading volume (in value) of its shares in the 10 trading days preceding the day in which such purchases are made, Sebi said in a circular.

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