Private steel major Tata Steel will pay a total of Rs 270.28 crore as annual bonus for the accounting year 2020-2021 to its eligible employees of all applicable division /units of the company, a release said.

A Memorandum of Settlement was signed on Wednesday between Tata Steel and the Tata Workers' Union, for payment of annual bonus for the accounting year 2020-2021, the release issued by the company said.

Radhakishan S Damani, investor and promoter of the DMart supermarket chain, has broken into the elite club of the top 100 global billionaires. Damani, who grew up in a single-room apartment in Mumbai, is now ranked 98th on the Bloomberg Billionaires Index with $19.2 billion as his net worth. The index is a daily ranking of the world’s richest people.

The other Indians on the top 100 rich list ahead of Damani are Mukesh Ambani, Gautam Adani, Azim Premji, Shiv Nadar, and Lakshmi Mittal (see table).

In a big development, the Supreme Court on Wednesday passed an interim order allowing women to take the admission exam to National Defence Academy (NDA) where only men can join.

Additional Solicitor General Aishwarya Bhati, representing the Centre, argued that it is a policy decision of the government.

The Bombay High Court on Wednesday granted interim protection from arrest to businessman Raj Kundra in connection with a porn films racket case registered by the city police in 2020.

A single bench of Justice S K Shinde directed the police to respond on August 25 to the pre-arrest bail plea filed by Kundra.

Non-banking finance company (NBFC) Bajaj Finance hit Rs 4-trillion in market capitalisation (market cap) after its shares touched a record high of Rs 6,640.80, up 3.6 per cent on the BSE in intra-day trade on Wednesday. The stock surpassed its previous high of Rs 6,475 touched on August 4, 2021.

At 10:51 am, with its Rs 4.001 trillion market cap, Bajaj Finance currently stands in eighth place in the overall market cap ranking of companies, according to the data from Bombay Stock Exchange (BSE).

A Taliban commander at the Kabul airport said that at least 40 people were killed in shooting by the foreign forces and due to a stampede since Monday.

He said the people should not be deceived by fake rumours about travelling abroad and asked them to avoid coming to the airport, Afghan media reported.

Shares of Infosys hit a new record high of Rs 1,755, up nearly 1 per cent on the BSE in intra-day trade on Wednesday. At 10:18 am, the stock was trading at Rs 1,751.75, above its maximum share buyback price of Rs 1,750 per share.

The IT major had commenced share buyback programme worth Rs 9,200 crore on June 25, 2021, wherein it had proposed to buy back shares at a maximum price of Rs 1,750 apiece.

Justice BV Nagarathna is in line to become the first woman Chief Justice of India in 2027 after the top court’s collegium recommended her for elevation, said media reports Wednesday.

Nagarathna, a judge of the Karnataka High Court, will likely have a month-long tenure as chief justice but her appointment will be a historic moment. Her father E S Venkataramiah served as the Chief Justice of India between June 1989 and December 1989.

India added 35,178 new coronavirus infections, taking the total tally of COVID-19 cases to

3,22,85,857, while the national recovery rate improved to 97.52 per cent, the highest since March 2020, according to the Union Health Ministry data updated on Wednesday.

Amazon.com Inc. has made its maiden investment in India’s wealth management sector, participating in a $40 million round by fintech startup Smallcase Technologies Pvt.

The Bangalore-headquartered startup said the round was led by Faering Capital Pvt and also joined by another new investor PremjiInvest, the private investment office of technology billionaire Azim Premji.

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