French energy major TotalEnergies will pick up a 25 per cent stake in the newly launched Adani New Industries Ltd (ANIL) from Adani Enterprises to jointly build a green hydrogen ecosystem. This is the fourth partnership between the two companies with earlier ones focused on LNG terminals, city gas distribution and solar power.

Adani Enterprises in a public statement said ANIL plans to invest over $50 billion (Rs 3.9 trillion) over the next 10 years in green hydrogen and the associated ecosystems.

Congress leader Rahul Gandhi was questioned for over 10 hours by the Enforcement Directorate in a money-laundering probe linked to the National Herald newspaper and was called to depose again on Tuesday, as his party protested across the country, alleging that the Centre was targeting the Opposition by misusing agencies.

Gandhi, who appeared before a central probe agency for the first time for questioning, arrived at the ED office at 11.10 am on Monday accompanied by a battery of leaders including sister Priyanka Gandhi Vadra and escorted by armed CRPF personnel. He was given an 80-minute break in the afternoon.

A sports academy will be set up in Haryana to train players from across the country, Chief Minister Manohar Lal Khattar said at the grand closing ceremony of the fourth edition of Khelo India Youth Games held in Panchkula on Monday evening.

He also said that a hostel to accommodate 200 players would be opened in Panchkula.

India's leading telecom company, Reliance Jio, has raised its JioPhone tariffs by 20 per cent, as per media reports.

As per an ET Now report, Jio, which has a subscriber base of over 400 million, has hiked the tariffs for JioPhone by 20 per cent. The company has over 100 million JioPhone users, as per the report.

The National Company Law Appellate Tribunal (NCLAT) on Monday rejected Amazon's plea challenging the decision of fair trade regulator CCI to suspend the approval for the e-commerce major's deal with Future Coupons.

A two-member bench comprising Justice M Venugopal and Ashok Kumar Mishra upheld the findings of the Competition Commission of India (CCI). It directed Amazon to pay the penalty of Rs 200 crore imposed by the fair trade regulator within 45 days from Monday.

Congress MP Rahul Gandhi on Monday appeared before the ED here for questioning in the National Herald money laundering investigation.

Gandhi, 51, entered the headquarters of the federal probe agency in central Delhi around 11 AM after he started from the Congress office on Akbar Road accompanied by a large convoy of party leaders including Priyanka Gandhi Vadra, Rajasthan Chief Minister Ashok Gehlot and Chhattisgarh CM Bhupesh Baghel.

The stock price of RBL Bank hit a record low of Rs 92.75 as it tumbled 18 per cent on the BSE in Monday’s intra-day trade after the Reserve Bank of India (RBI) approved R Subramaniakumar's appointment as the managing director & chief executive officer (MD & CEO) of the private sector lender.

"The RBI has approved the appointment of Mr. R Subramaniakumar as Managing Director & CEO of the Bank for a period of three years with effect from date of his taking charge," RBL Bank said in a exchange filing on Saturday, June 11, 2022.

Shares of Life Insurance Corporation of India (LIC) slipped 4 per cent to Rs 681.70 on the BSE in Monday's intra-day trade with the lock-in period for anchor investors ending on Monday, June 13.

The state-owned insurance behemoth's share price is down 28 per cent from its issue price of Rs 949 per share. At the time of the IPO, retail investors were alloted shares at Rs 905 apiece, whereas policyholders received allottment at Rs 889 per share.

The rupee slipped 36 paise to its all-time low of 78.29 against the US dollar in early trade on Monday, tracking the strength of the American currency overseas as investors flocked to the safe-haven currency amid an overall risk-averse sentiment.

Forex traders said weak Asian currencies, a lacklustre trend in domestic equities and persistent foreign capital outflows weighed on investor sentiments.

Vedanta plans to modify the design of one of its waste heat recovery power plants in Goa and reoptimise its turbines through the use of a specialised technology in order to increase power generation by another 5 MW, a top official of the company said.

This is in line with Vedanta's efforts towards reducing the carbon footprint.

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