Gautam Adani, Adani Enterprises' chairman, discussed succession planning in a Bloomberg interview, emphasising it should be gradual and systematic. However, the Adani group said he was misquoted regarding his heirs and their stakes in the family trust.
Union Minister Nitin Gadkari announced that 100% ethanol or flex engine cars will soon be on Indian roads. Toyota will invest Rs 20,000 crore in Maharashtra for mass production.
Flipkart has launched its quick commerce platform, Flipkart Minutes, to compete with rivals like Zepto and Blinkit. Currently available in parts of Bangalore, the service promises deliveries within 8-16 minutes.
During a virtual town hall, Unacademy CEO Gaurav Munjal announced that employees would not receive appraisals this year. While delivering the news, he wore a $400 Burberry T-shirt, sparking social media backlash.
62-year-old Gautam Adani, chairman of Adani Group, announced plans to retire around the age of 70, handing control to his sons Karan and Jeet, and cousins Pranav and Sagar.
Zerodha AMC, its CEO and top executives have been fined Rs 5 lakh by the Ministry of Corporate Affairs for failing to appoint a CFO, a requirement for companies with over Rs 10 crore in share capital.
At the launch of Chennai-based space tech accelerator Vaanam, former ISRO scientist Nambi Narayanan advised Indian startups against copying ISRO's work.