Business
Interest of my investors is paramount, says Gautam Adani after calling off FPO
The fundamentals of our company are strong. Our balance sheet is healthy and assets, robust, Adani said
Adani Enterprises calls off fully subscribed FPO, to return money to investors
The announcement comes a day after the company's FPO was subscribed fully on the last day of the offer on Tuesday
Samsung to make premium Galaxy S23 smartphones in India
At present, Galaxy S Series smartphones are being manufactured at Samsung's Vietnam factory and the company imports them for sale in India
Autos
Tata Motors Q2 loss widens to Rs 4,440 cr
The automaker reported a loss of Rs 4,451 crore in the June quarter
Companies
MG Motor unveils 14 production-ready vehicles at auto expo
The company also unveiled two technologically advanced, high-safety, and zero-emission electric vehicles
Elon Musk ropes in Indian-origin technology executive to revamp Twitter
Sriram Krishnan is a general partner at Silicon Valley venture capital firm Andreessen Horowitz (a16z)
Car market in India has rebounded, says Hyundai
The Grand i10 NIOS is available in 4 variants – Era, Magna, Sportz and Asta. It competes with the likes of Maruti Suzuki Swift, Tata Tiago
Economy
Market
Market Rises For 4th Week; FPIs pump in Rs 22K Cr In August
Both Sensex and Nifty were up by 1.7 per cent during the week
Sensex slumps 617 pts; Nifty falls below 17,000
Asian markets in Tokyo, Hong Kong, Seoul and Shanghai settled significantly lower
Return to normal for life insurers in Q1
ICICI Prudential Life Insurance announced its earnings and reported a net profit of Rs 156 crore in April-June quarter of 2022-2023
In Other News
Bengaluru tops in Asia Pacific region in flexible office space stock; Hyderabad 7th
Bengaluru recorded 10.6 million square feet flexible stock, the highest among all major Asia Pacific cities
Amazon to set up facility in Vishakhapatnam
Amazon is the second significant corporation to enter tier-II and III cities, following Infosys. Wipro, Tech Mahindra, Fluentgrid and others