BENGALURU (Reuters) - India's JSW Energy said on Wednesday that its unit JSW Neo Energy has agreed to buy some renewable energy capacity from Mytrah Energy (India) for about 105.30 billion rupees ($1.32 billion).

The energy unit will buy a portfolio of solar and wind power assets with a capacity of 1,753 megawatts, boosting parent JSW Energy's operational generation capacity by over 35% to 6,537 MW, according to an official statement.

Billionaire Mukesh Ambani for the second year in a row drew no salary from his flagship firm Reliance Industries in the last fiscal as he voluntarily gave up remuneration in light of the pandemic hitting the business and economy.

In its latest annual report, Reliance said Ambani's remuneration for the financial year 2020-21 was "nil".

Shares of Bajaj Finserv hit over three-month high of Rs 15,584, up 3 per cent on the BSE in Monday’s trade. The stock extended its gain after the company approved 1:1 bonus issue and 1:5 stock split in July. The stock traded at its highest level since April 26, 2022. In the past one month, it has rallied 30 per cent, as against 8 per cent rise in the S&P BSE Sensex.

Bajaj Finserv is primarily engaged in promotion of financial services such as insurance, broking, investments etc. It is a financial conglomerate with holding in financing business (Bajaj Finance), life insurance (Bajaj Life Insurance) and general insurance (Bajaj General Insurance) business.

Nearly 69 per cent of jobs in India are under threat from automation, as the country, with its relatively young workforce, is set to add 160 million new workers over the next 20 years, a new report showed on Monday.

The main priority for the country, set to reach a working population of 1.1 billion by 2040, will be job creation to accommodate new workers entering the workforce, according to Forrester's 'Future Of Jobs Forecast'.

A Delhi court on Monday awarded three-year jail term to former Coal Secretary H C Gupta in a coal scam case related to irregularities in allocation of a coal block in Maharashtra, a lawyer associated with the case said.

Special Judge Arun Bhardwaj also awarded two year imprisonment to former joint-Secretary in the Ministry of Coal (MoC), K S Kropha in the case and imposed a fine of Rs 50,000, while Gupta was asked to pay a fine of Rs one lakh.

Online higher education platform upGrad on Monday said it has raised $210 million (about Rs 1,670 crore) in a round that saw participation from ETS Global, Bodhi Tree, Kaizen Management Advisors and others -- at a time when the Indian edtech companies are busy sacking employees amid the ongoing funding winter.

Founder Group also invested $12.5 million in the funding round to maintain their over 50 per cent ownership in upGrad, the company announced.

Reliance Retail made investments to the tune of nearly Rs 30,000 crore in FY22 and added 2,500 new stores and 11.1 million sq. ft. of warehousing space during the year, the company said in its annual report.

The country’s largest retailer made the investment in its retail business in organic growth, acquisitions and strategic partnerships.

A total of 1.5 lakh Ayushman Bharat Health and Wellness Centres will be available to serve the people by the end of December, Union Health Minister Mansukh Mandaviya said on Friday in the Upper House.

Mandaviya said this while replying to a discussion on the Right to Health Bill, 2021.

Karnataka Chief Minister Basavaraj Bommai on Saturday said he has tested positive for COVID-19 with mild symptoms and that his trip to New Delhi stands cancelled.

He said he has isolated himself at home.

I have tested positive for Covid-19 with mild symptoms and have isolated myself at home.

Tesla CEO Elon Musk, who is locked in a court battle with Twitter over a failed acquisition bid that Twitter now intends to force through, said that the social media giant jeopardized its third largest market by failing to disclose "risky" litigation against the Indian government.

In a countersuit in a Delaware court which was filed under seal last Friday and made public Thursday, Musk also claimed that he was "hoodwinked" into signing the deal to buy the San Francisco-based social media company.

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