'Gautam Adani beats Mukesh Ambani to secure the top spot in IIFL-Hurun’s Richest Indian List' - and more

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LATEST   Gautam Adani beats Mukesh Ambani to secure the top spot in IIFL-Hurun's Richest Indian List   Mukesh Ambani who was on top of the list last year secured the second spot with a net-worth of Rs 7,94,700 crore on IIFL Wealth Hurun India Rich List 2022.

INDUSTRY   DGCA extends 50% cap on SpiceJet operations till Oct 29 over safety incidents   In July, DGCA had imposed similar restrictions on SpiceJet flights that were approved for the summer schedule, following numerous flight safety incidents and a show-cause notice.

MARKETS   Gautam Adani's Group pledges shares worth $12.5 billion in Ambuja Cements, ACC   Adani Group currently owns around 63 per cent of Ambuja Cement and 57 per cent of ACC. As per the latest filings for the financial year 2021-22 (FY22), the total debt on the Adani Group companies stood at more than Rs 2.20 lakh crore.

LATEST   Wipro fires 300 employees accused of moonlighting for competitors   Speaking at the 46th edition of the All India Management Association convention, Wipro's top boss Rishad Premji, made it clear that the company had no place for such employees.

INDUSTRY   SpiceJet puts scores of pilots on 3-month leave without pay to rationalise cost   SpiceJet said that the grounding of the Boeing 737 MAX aircraft between March 2019 and November 2020 financially impacted the airline.

LATEST   Nandan Nilekani's Fundamentum leads $21.8 mn funding in audio startup Kuku FM   Kuku FM is Fundamentum's first investment from its $227-million second fund, which was launched in August. Prateek Jain, who's Principal at Fundamentum, will be joining Kuku FM's Board.

LATEST   CBI arrests ABG Shipyard founder-chairman Rishi Agarwal in Rs 22,842 crore bank fraud case   CBI registered a case against Agarwal and few others in February this year and had carried out searches at 13 locations just days after filing the case. The agency booked them for criminal conspiracy, cheating, criminal breach of trust under the IPC.

MARKETS   Sensex, Nifty end lower after two-session gain; US Fed policy decision eyed   Sensex fell 262.96 points or 0.44 per cent to end at 59,456.78. During the day, it tanked 444.34 points or 0.74 per cent to 59,275.40. Nifty declined 97.90 points or 0.55 per cent to close at 17,718.35.

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