Few outside of India had heard of Gautam Adani just a few years ago. But the Indian businessman, a college dropout who first tried his luck as a diamond trader before turning to coal, this week became the world’s third-richest person.

It’s the first time an Asian person has broken into the top three of the Bloomberg Billionaires Index -- fellow citizen Mukesh Ambani and China’s Jack Ma never made it that far.

Reliance Industries Ltd (RIL), the country’s most valuable company, on Monday set the tone for the future during its 45th annual general meeting, saying it would aim to double its market value by 2027, the year the company celebrates its golden jubilee.

The company will invest Rs 2 trillion in the roll-out of a standalone 5G network, Rs 75,000 crore in expanding its O2C (oil-to-chemicals) capacities across value chains, and Rs 75,000 crore in new energy as announced last year, RIL Chairman and Managing Director Mukesh Ambani said at the shareholders’ meeting today.

After a cyber-security research firm claimed that call data records of around 20 million customers of Vodafone Idea (Vi) was leaked and accessed by cyber-criminals, the telecom operator has denied the breach.

Cyber-security research firm CyberX9 claimed in its report that the call data records of 20.6 million postpaid Vi customers were leaked due to vulnerabilities in the company's systems.

Akasa Air suffered a data breach, allowing unauthorised individuals to view data of some of its customers, India's new airline has admitted.

The airline apologised for the data breach, saying there was "no intentional hacking attempt" to break into its systems.

NDTV founders Radhika and Prannoy Roy have informed New Delhi Television - the promoter group vehicle of NDTV -- RRPR Holding Private has written a letter on Sunday to the Securities and Exchange Board of India (Sebi) asking it to determine whether the Sebi order dated November 27, 2020, restricts the conversion of warrants issued to Vishvapradhan Commercial Private (“VCPL”) into equity shares of the promoter group vehicle RRPRH.

On August 23 2022, VCPL, in a notice to RRPRH, had intimated that it was exercising its right to convert warrants issued to it in 2009 into equity shares which would give VCPL the control of 99.5 per cent of RRPRH.

MUMBAI (Reuters) - India's Bank of Baroda plans to raise at least 5 billion rupees ($62.52 million) through sale of Basel III compliant additional Tier I perpetual bonds, three merchant bankers said on Monday.

The state-run lender has invited coupon and commitment bids from bankers and investors on Tuesday, they said.

Two days after Chief Justice of India N V Ramana retired, National Conference (NC) vice president Omar Abdullah on Sunday alleged he "very conveniently kicked into the long grass" the petitions against the nullification of Article 370, which accorded special status to Jammu and Kashmir.

Abdullah shared a news report on Twitter about CJI Ramana's comments in April this year that the Supreme Court would hear the petitions after the summer vacation, and said, "And then he retired without ever constituting the bench. He very conveniently kicked it into the long grass."

Billionaire Mukesh Ambani's Reliance Industries (RIL) will hold its 45th Annual General Meeting (AGM) via video conferencing today at 2 pm on Monday, August 29. The AGM will see some key announcements, including the group's 5G rollout timeline and launch of its JioPhone 5G. The future roadmap of some key businesses, such as retail, telecom and new energy, is also expected at the AGM.

At last year's AGM, Ambani had launched the JioPhone Next, its first smartphone.

Union Finance Minister Nirmala Sitharaman said on Friday that the central government believes that this is not the right time to make digital payments chargeable.

Speaking at an event, Sitharaman said, "We see digital payment as the public good. People should be able to access it freely so that the digitisation of the Indian economy becomes attractive. Also through digitisation, we achieve a level of transparency which is so required."

With Maruti Suzuki proving to be a successful Indo-Japan collaboration, company Chairman RC Bhargava feels if the two countries work with full partnership and trust in the manufacturing sector, they would be the best in the world.

Also, the growing partnership between India and Japan is going to be a huge positive factor for the growth of Indian manufacturing, he told PTI in an interview.

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