Larsen & Toubro (L&T) on Wednesday said its Transportation Infrastructure business vertical has formally executed two contracts worth over ₹3,500 crore from the Roads and Transport Authority (RTA) of Dubai for the development of the Latifa Bint Hamdan Corridor.

The first contract involves the development of a new road connecting Al Khail Road with the extension of Latifa Bint Hamdan Street, along with the construction of bridges, tunnels and associated road works.

The Enforcement Directorate (ED) on Wednesday said it arrested Vatika Group’s Chairman and MD Anil Bhalla, and promoter Gautam Bhalla in a money laundering case linked to alleged fraudulent inducement and non-delivery of residential plots in Gurugram.

Anil and Gautam were arrested on Tuesday under Section 19 of the Prevention of Money Laundering Act (PMLA), 2002, the ED said in a press release.

Even though the markets have made a modest recovery in fiscal 2026-27 (FY27) with the Sensex and the Nifty gaining 1 per cent from their closing 52-week low of 71,947.55 and 22,331.40, respectively on March 30, the first nine months of calendar year 2026 (9MCY26) present a dismal picture.

DoorDash, one of the world’s leading local commerce platforms, has opened its first India office in Hyderabad, starting with 500 professionals and planning to scale its headcount to more than 3,000 over the next two years.

The talent hub, located in Hitec City, marks the company’s long-term commitment to Telangana’s talent and innovation ecosystem.

Apple Pay has launched in India, allowing users to make payments using iPhone, iPad and Apple Watch, with support for Mac set to be introduced soon.

At launch, customers with Axis Bank-issued Visa and Mastercard credit cards can add their cards to Apple Pay and use them at in-store and online merchants across India, as well as anywhere that accepts NFC transactions.

The Ministry of Petroleum and Natural Gas (MoPNG) on Wednesday floated the draft Petroleum (Amendment) Bill, 2026, for stakeholder consultation, proposing to decriminalise minor offences related to the import, transport, storage, production, refining and blending of petroleum products.

The objective of the amendments proposed is to rationalize the otherwise generic offence presently under section 23 of Petroleum Act, 1934.

EverBrands India Ltd, which operates Subway restaurants, has filed draft papers with markets regulator Sebi to raise ₹600 crore through an initial public offering.

The IPO is entirely a fresh issue of equity shares, according to the Draft Red Herring Prospectus (DRHP) filed on Monday.

Apraava Energy has acquired Raigad Power Transmission Ltd, a special purpose vehicle (SPV) set up to develop an intrastate transmission project across Pune and Raigad districts in Maharashtra.

The project involves the setting up of 400 circuit kilometres of transmission lines and a pooling station.

An Indian court on Tuesday quashed the food regulator's order to stop Austrian beverage firm Red Bull using the label "energy ​drink" on its cans, saying the decision had been taken ​without allowing the company to explain its position.

The decision will come as a ‌major relief for Red Bull, but also Pepsi, Monster Beverage and billionaire Mukesh Ambani's Reliance, which in private had all criticised India's move.

Tata Trusts on Monday proposed merging Tata Electronics Systems Solutions (TESS) and Tata Consulting Engineers (TCE) into Tata Sons to avoid the holding company's public listing. The objective is to change the holding company’s business mix so that, according to the Trusts, it would no longer qualify as a non-banking financial company (NBDC) or a core investment company (CIC). The proposal still needs Tata Sons board approval and the Reserve Bank of India's (RBI’s) no-objection.

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