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Enforcement Directorate (ED) will focus more on restoration of assets and properties to people defrauded by wrongdoers booked by the agency under the Prevention of Money Laundering Act (PMLA) besides expediting the conclusion of its investigations, people aware of the development told ET. The top brass of the federal agency recently held meetings to discuss the issue and take a conscious decision to ensure restitution of assets to victims, they said. ED officials are also identifying cases in which restitution of assets can be expedited, they said.

Stellantis is recalling nearly 1.5 million Ram pickups worldwide to fix a software problem that can disable the electronic stability control

MSKA & Associates, the audit firm of embattled edtech startup Byju's, has informed the company's board of its resignation as statutory auditor with immediate effect, said two people aware of the development. This will affect the firm's audit for FY23 accounts. It had been appointed for a five-year term ending FY27. In the resignation letter, the auditor also cited a suspicious transaction related to Dubai-based reseller More Ideas General Trading LLC that had been reported to the ministry of corporate affairs (MCA) on September 2, said the people quoted above. This involves recovery of about ₹1,400 crore from the reseller. ET had reported February 19 that investors in Byju's had raised red flags over the management's failure to recover dues in this particular transaction.

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₹1 lakh to ₹10,000 is a significant step towards this. While it opens up new opportunities for retail investors, it’s important to be aware of the risks before diving into bond investments, and remain vigilant once you do. Retail investors often assume that bonds are safer than equities.

Navya shared pictures from the IIM Ahmedabad campus, including shots of herself in a smart black suit and a celebratory cake-cutting moment with friends.

₹80 lakh on Sebi, the National Stock Exchange of India (NSE), and the BSE on August 26 for illegally freezing the demat accounts of two people erroneously classified as promoters. The powers of the exchanges stem from Sebi circulars dated 30 November 2015 and 26 October 2016, which prescribe the standard operating procedures for how to deal with non-compliance of norms by listed companies. Legal experts said the promoters of a company might not necessarily be the people making decisions.

MEA), Jaideep Mazumdar, said on Thursday that the two nations complement each other and need each other to develop further. While addressing a special briefing on PM Modi's visit to Singapore, Mazumdar said that India and Singapore have «strong relations» and have frequent exchanges between military establishments, navies and air forces. Mazumdar said, «We have a very multidimensional relationship. We have very strong relations in the defence side as well, where we do joint exercises together. We have very frequent exchanges between our military establishments, between our navies, our air forces, our leaderships of all three services interact very frequently. We have ship visits, we exchange domain awareness information.»

On the occassion of the first International solar festival, Modi explained the importance of transitioning to using solar energy in the current world. Currently on a state visit to Singapore, the Prime Minister said that India is expanding its horizons in the field of solar power, and highlighted the three factors that make solar energy a sustainable solution: awareness, affordability and availability.

In an interaction with ET Digital, Ashvin Patil, Founder & Director, Biofuels Junction, says his company plays a critical role in the ongoing decarbonisation efforts as a supply chain partner to replace fossil fuels. Patil also explains how with the right technological solutions, India can create a more sustainable and efficient system to manage agricultural residue and promote the growth of the biofuels sector.

JSW Neo Energy and Oil & Natural Gas Corp are the last two left in the fray to acquire Ayana Renewable Power, a green energy company controlled by National Investment & Infrastructure Fund (NIIF), said people directly aware of the matter. The two companies were among the four shortlisted in April to conduct due diligence after multiple parties submitted non-binding offers for the renewable power company. The revised term sheets were submitted last week. The offers peg Ayana’s enterprise value between $1.6 billion and $1.8 billion, the people said. Uncompetitive Offers Enterprise value includes debt and liquid assets. Bids of Sembcorp and Macquarie, the other two shortlisted companies, were deemed lowball and thereby uncompetitive. Ayana Renewable Power’s ownership is split three-way, with government-anchored NIIF as the dominant shareholder (51% stake). British International Investment (32%) and Eversource Capital (17%) are the other shareholders.

ICICI Bank and continued to have worked until October 2013, according to an executive familiar with the developments at the bank. This is corroborated by ICICI Bank’s response to stock exchanges on 2 September, when it disclosed that Buch retired from ICICI Group on 31 October 2013. However, Buch’s profile on professional networking platform LinkedIn states she worked with Greater Pacific Capital, a Singapore-headquartered private equity firm, as head of business developments between 2011 and 2013.

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Zomato's recent acquisition of Paytm's entertainment business has put a cloud over KKR's planned investment in BookMyShow (BMS), India's largest online ticket-booking platform, said two people aware of the development. KKR is believed to be renegotiating with BMS over the deal size and valuation, said sources. KKR had earlier planned to invest about $250-300 million in Reliance Industries Ltd-backed BookMyShow to acquire a significant minority stake, ET first reported in January. The valuation of BMS then was estimated to be around Rs 7,500 crore ($900 mn), ET reported. A KKR spokesperson declined to comment, while BookMyShow did not respond to the queries sent on Saturday.

HDB Financial Services, the non-banking finance arm of HDFC Bank, is in talks with Bank of America Securities, Morgan Stanley and Nomura to shortlist advisors to a proposed initial public offering (IPO), said people aware of the development. More banks may come on board. The talks are preliminary, and a final decision is expected in the next few weeks, said the people. HDFC Bank could dilute nearly 10% to raise around ₹10,000 crore ($1.2 billion).

A former state employee who said he leaked information about the plans to build golf courses and hotels in Florida’s state parks has apparently been fired

Philadelphia Eagles and Vice President Kamala Harris. The bus stop advertisements featured Harris wearing an Eagles helmet and declared her the «Official candidate of the Philadelphia Eagles.» The Eagles emblem was also included in bold next to her name in the advertisements, as per the reports of MSN. The Philadelphia Eagles clarified that these ads are not genuine. The team released a statement on X (formerly Twitter), explaining they are aware of the counterfeit ads and are working to have them removed. The Eagles emphasized that they have not endorsed any political candidate. Eagles Nation also addressed the issue on social media, confirming that the team has not made any official announcement regarding Harris or any other candidate. They pointed out that the voting resource website listed on the ad had not been updated since the primary elections.

thermal power producer, Adani Power, is planning to more than triple the capacity of its Kawai power plant in Rajasthan with an investment of up to ₹18,000 crore, said sources aware of the development. The current capacity of the plant is 1,320 MW, which will be expanded in two phases of 1,600 MW each, taking it to 4,520 MW over the next few years. Kawai is located in the Atru Tehsil of Rajasthan's Baran district. The company has already given a ₹10,000 crore order to Bharat Heavy Electricals Ltd to execute the expansion plan. Adani Power did not respond to an email seeking comment.

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Defence Acquisition Council (DAC), under the chairmanship of Defence Minister Rajnath Singh on Tuesday accorded Acceptance of Necessity (AoN) for 10 capital acquisition proposals amounting to Rs 1,44,716 crore. «Of the total cost of AoNs, 99% is from indigenous sources under Buy (Indian) and Buy (lndian-Indigenously Designed Developed and Manufactured) categories,» said the official statement, For modernisation of the tank fleet of the Indian Army, the proposal for procurement of Future Ready Combat Vehicles (FRCVs) has been cleared. The FRCV will be a futuristic Main Battle Tank with superior mobility, all terrain ability, multilayered protections, precision & lethal fires over and real-time situational awareness.

Maharashtra has the maximum IGBC registered projects in India followed by Uttar Pradesh and Gujarat as India has seen a substantial increase in green building certifications, with over 7,000 IGBC-certified (The Indian Green Building Council) projects covering an estimated 1,370 million sq. ft. of built-up area. According to a Savills India research, concept of green leases in India is in early stages but gaining traction due to growing awareness about sustainability. There is a rising demand for sustainable buildings among corporations, especially multinational companies with global sustainability goals.