Mukesh Ambani to focus on Reliance Industry’s green energy pivot, while scions head other units

Mumbai,5/1: Mukesh Ambani the billionaire chairman of Reliance Industries Ltd., will be focusing his attention on the Indian conglomerate’s pivot to green energy, according to people familiar with the matter, after putting his children in charge of other businesses.   The 65-year-old will oversee strategy, including the building of gigafactories and blue hydrogen facilities, will…

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CBI chargesheets CG Power and Industrial Solutions, Gautam Thapar in Rs 2435-cr bank fraud case

Mumbai, 4/1: The CBI has filed a charge sheet against CG Power and Industrial Solutions and its former promoter Gautam Thapar in an alleged Rs 2435-crore bank fraud case that affected 12 banks, officials said. This comes after the agency conducted a probe for nearly 19 months into the allegations of diversion of bank funds,…

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Never heard of Nidhi, murder charges should be slapped on her: Delhi hit-and-run victim’s kin

New Delhi, 4/1: Nidhi is lying and should be charged with murder, Anjali Singh’s family said on Wednesday and claimed they had never seen or heard of the ‘friend’ who was with the 20-year-old killed when she was dragged under a car.     Giving her narrative of what had happened that night, Nidhi had…

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SC stays Allahabad HC order on urban body polls without OBC quota

New Delhi, 4/1: The Supreme Court on Wednesday stayed the Allahabad High Court’s order directing the Uttar Pradesh government to conduct urban local bodies polls without reserving seats for Other Backward Classes.   A bench of Chief Justice D Y Chandrachud and Justice P S Narasimha noted that if elections are held without reservations, a…

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Walmart gets $1 billion tax bill for shifting PhonePe headquarters to India: Report

New Delhi, 4/1: Walmart Inc and other PhonePe shareholders will have to pay nearly $1 billion in tax after the digital payments company shifted its headquarters to India, Bloomberg News reported on Wednesday, citing people familiar with the matter. PhonePe is raising funds at a $12 billion pre-money valuation from General Atlantic, Qatar Investment Authority…

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