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.

JB Chemicals & Pharmaceuticals on Thursday said its board has approved a proposal to acquire four paediatric brands from Dr Reddy's Laboratories for about Rs 98 crore.

The company's board at its meeting held on June 29, has considered and approved the acquisition of a portfolio of brands, for use sales within India, from Dr Reddy's Laboratories, the drug maker said in a regulatory filing.

Malpani Group (MPG), a Maharashtra-based group with presence in the amusement park business, has acquired a 66.25 per cent stake in Imagicaaworld Entertainment following a debt resolution by lenders outside of the bankruptcy process. Lenders recovered 57 per cent of their dues.

MPG acquired the stake by way of preferential allotment of equity shares worth Rs 415 crore. As part of the debt resolution plan, the lenders have been allotted equity shares worth Rs. 75 crore resulting in a collective shareholding of 11.97% in the company.

Prime Minister Narendra Modi will participate in the 'Udyami Bharat' programme and will launch several schemes on June 30.

Prime Minister will launch the 'Raising and Accelerating MSME Performance' (RAMP) scheme, 'Capacity Building of First-Time MSME Exporters' (CBFTE) scheme and new features of the 'Prime Minister's Employment Generation Programme' (PMEGP).

Telangana Chief Minister K Chandrashekar Rao inaugurated T-Hub 2.0, the world's largest innovation campus in Hyderabad, and said the day is not far when the next big breakthrough in startup innovation will come from the city.

Noting that it is a very proud moment for him to inaugurate the new building of T-hub, KCR said the journey of T-Hub started as an idea, eight years ago, when Telangana became the youngest state in India.

Commuting will be easier in Gujarat as works of 34 national highways at a cost of Rs 3,760.64 crore has been approved by Prime Minister Narendra Modi, said the state Roads and Housing Minister Purnesh Modi.

Out of Rs 3,760.64 crore, Rs 2,511.10 crore will be spent on the construction of roads while Rs 1,249.54 crore will be spent on the construction of bridges and other pre-construction activities, the minister elaborated, adding that ROBs/RUBs over railway crossings will also be constructed, so that the state would become a railway crossing free state.

Major plant protection companies, including biggies like Bayer, Syngenta, Dhanuka Agritech, BASF, UPL and Insecticides India Ltd (IIL), are planning to use drones on an experimental basis to spray chemicals this kharif season to understand its pros and cons before large-scale adoption for commercial use.

However, for some, the prohibitive cost of drones and the scarce availability of good quality drones is acting as a hindrance in realising some of the plans, market players and industry sources said.

Fintech unicorn Razorpay has appointed Murali Brahmadesam, a former executive of Amazon Web Services (AWS), as head of engineering and chief technology officer.

The role was held by Razorpay’s co-founder, Shashank Kumar, who is now designated the company’s co-founder and managing director.

Online education provider Byju’s is pushing back payments for an approximately $1-billion acquisition struck last year, according to people familiar with the matter.

Blackstone and other shareholders of Aakash Educational Services were due to be paid partly in cash and partly in Byju’s stock this week, but Byju’s sought a two-month extension, said the people, who asked not to be identified discussing a private matter. Some sellers received partial payment in 2021, the people said.

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