Yesterday's big news was related to Adani Group. It is not within the power of the US Securities and Commission (SEC) to send summons to Adani Group Chairman Gautam Adani on charges of bribery and fraud worth billions of rupees. This claim has been made in some media reports.
At the same time, Flipkart backed lifestyle e-commerce company Myntra has also entered the quick commerce sector. The company has entered this sector under the name 'M-NOW', under which it has started a pilot project of quick commerce service guaranteeing delivery within 2 hours in selected areas of Bengaluru.
1. Claim- American agency cannot send summons directly to Adani: Notice can be sent only through political channel; Petition for investigation in Supreme Court
It is not within the power of the US Securities and Commission (SEC) to send summons to Adani Group Chairman Gautam Adani on charges of bribery and fraud worth billions of rupees. This claim has been made in some media reports. It says that the summons will have to be sent through proper diplomatic channel.
2. Bangladesh will investigate the power deal with Adani: An investigating agency will be formed for this, the agreement for power production was signed when Hasina was PM.
The troubles of Adani Group, which is surrounded by bribery allegations in America, are increasing. It has been recommended to set up an agency to investigate the power agreement signed with Adani Group in Bangladesh when Sheikh Hasina was the PM. The committee constituted by the interim government has recommended the formation of this agency. Besides, a demand has also been made to investigate six other big energy and power agreements made during Sheikh Hasina's tenure as PM.
3. Myntra also steps into quick commerce sector: Pilot project of order delivery within 2 hours started in Bengaluru
Flipkart-backed lifestyle e-commerce company Myntra has also entered the quick commerce sector. The company has entered this sector under the name 'M-NOW', under which it has started a pilot project of quick commerce service guaranteeing delivery within 2 hours in selected areas of Bengaluru. However, delivery of only selected products has been started.
4. Value of 8 companies in top-10 increased by ₹ 1.55 lakh crore: Last week, HDFC Bank's market cap increased by ₹ 40,392.91 crore, LIC and Reliance remained losers.
In terms of market capitalization, the value of 8 out of the top 10 companies of the country combined increased by Rs 1,55,603.45 crore last week. HDFC Bank and Tata Consultancy Services (TCS) were the top gainers during this period.
HDFC Bank's market cap increased by Rs 40,392.91 crore to Rs 13,34,418.14 crore during the week's trading. At the same time, the market cap of TCS increased by Rs 36,036.15 crore to Rs 15,36,149.51 crore.
5. Gave a bill of Rs 90,000 for the service of Ola scooter: Customer broke it with a hammer in front of the service centre, had bought it only a month ago.
A video of the company's scooter being broken in front of Ola Electric's service center has surfaced. The customer had purchased this Ola scooter only a month ago, for which the service center gave him a bill of Rs 90,000. Angered by this, the customer broke the e-scooter by hitting it with a hammer in front of the company's service centre.
6. Ather launches Eight70TM warranty program: The company's electric scooters will get a warranty of 8 years or 80,000 kilometers.
Ather Energy has launched the Eight70TM Warranty Program for the batteries of all the electric scooters in its portfolio. Customers taking Pro membership will get the benefit of this scheme. For this you will have to spend Rs 4,999.
Under this membership, customers purchasing Ather electric scooter will get a warranty of 8 years or 80,000 kilometers for the battery. Company CEO Tarun Mehta has given this information by sharing a post on social media platform X.
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