Chairman of the Reliance Group, Anil Ambani, has been summoned by the Enforcement Directorate (ED) to appear for questioning on August 5 in connection with a money laundering case involving alleged loan fraud and diversion of over ₹10,000 crore by his group companies.

According to a report by news agency PTI, citing sources familiar with the matter, the 66-year-old industrialist has been asked to appear at the ED’s headquarters in Delhi.

A day after US President Donald Trump announced a 25 per cent tariff and unspecified penalty on Indian goods starting August 1, top government officials met to deliberate India’s response. With broad consensus on avoiding retaliation, officials reiterated New Delhi’s commitment to protecting its national security interests and agriculture sector.

Government sources admitted surprise at the announcement, which came while negotiations were ongoing. A US trade team was scheduled to visit New Delhi on August 25 for the sixth round of talks.

South Korea's LG Energy Solution (LGES) has signed a $4.3 billion deal to supply Tesla with energy storage system batteries, said a person familiar with the matter, as the US company looks to reduce reliance on Chinese imports due to tariffs.

The lithium iron phosphate (LFP) batteries will be supplied from LGES's US factory in Michigan, the person said on condition of anonymity because the details were not public.

The Air India flight between Goa and Gatwick in London, stopped following the horrific June 12 Ahmedabad plane crash, will resume by the end of September, Tourism Minister Rohan Khaunte has said in the state assembly.

Improved connectivity to Goa from various locations is a "game changer" for the tourism sector, Khaunte said in the House on Tuesday during demands for grants for his department in the ongoing monsoon session of the assembly.

The National Securities Depository Ltd. (NSDL) mobilised over ₹1,201 crore from institutional investors on Tuesday, a day before its initial share-sale opening for public subscription.

This anchor portion witnessed participation from domestic and foreign institutional investors, including Life Insurance Corporation of India (LIC), Smallcap World Fund Inc, SBI Mutual Fund (MF), Fidelity Funds and Nippon India MF, according to a circular uploaded on the BSE's website.

The Delhi government has approved a proposal that will now allow women to work night shifts in shops and commercial establishments. Chief Minister Rekha Gupta announced the decision on Tuesday, calling it a step towards making Delhi a 24x7 business hub and improving women’s participation in the workforce, news agency PTI reported.

Calling it a “historic decision”, CM Gupta said the move is a big step for women’s economic empowerment and independence.

US President Donald Trump said on Tuesday (local time) that India could face tariff rates as high as 25 per cent on its exports to the US. He, however, emphasised that no final decision had been made yet. His remarks come as India and the US continue to work towards resolving long-standing trade disagreements.

Speaking to reporters aboard Air Force One while returning from a five-day visit to Scotland, Trump confirmed that trade discussions with India were under way, reported Bloomberg.

Tata Motors is set to acquire Italian truck manufacturer Iveco from its primary stakeholder, the Agnelli family, in a transaction valued at $4.5 billion, according to a report by The Economic Times. This would mark the Tata Group’s second-largest acquisition, following its purchase of Corus, and the largest deal to date for the automotive division. Tata Motors had acquired Jaguar Land Rover (JLR) for $2.3 billion in 2008.

Electric taxi operator BluSmart has begun insolvency proceedings amid rising corporate governance concerns, according to a Reuters report. The development comes after a regulatory probe that accused a co-founder of misappropriating funds intended for vehicle purchases, according to the firm overseeing the resolution process.

The Ahmedabad bench of the National Company Law Tribunal (NCLT), in its ruling, named NPV Insolvency Professionals as the interim resolution professional (IRP) and directed them to take charge of BluSmart’s operations and assets while maintaining it as "a going concern".

Russia-backed Indian refiner Nayara Energy, recently sanctioned by the European Union, has turned to domestic firm Rediff.com after the US tech giant Microsoft suspended IT services, three sources familiar with the matter said.

Nayara, which has condemned the sanctions, said on Monday it had filed a case against Microsoft in the Delhi High Court over its withdrawal of services.

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