Amazon India on Monday said that it has formed a strategic partnership with electric mobility firm Gentari for its EV deployment programme as it targets a fleet of 10,000 electric vehicles for last-mile deliveries by 2025.

Under the collaboration, Gentari Green Mobility Business will procure and deploy electric vehicles for the company in the next three years besides providing comprehensive fleet management services to the delivery service partners (DSPs) to ensure the seamless operation and upkeep of the EV fleet, Amazon India said.

Indian Railways has scrapped its Rs 30,000-crore tender for the production and maintenance of 100 Vande Bharat trains, as reported by MoneyControl and confirmed by Olivier Loison, managing director of Alstom India.

The cancellation comes after the railways found the price quoted by the lowest bidder, Alstom India, to be ‘too high’. According to the report, the French multinational company had quoted a price of Rs 150.9 crore per train. However, the railways wanted to seal the deal at Rs 140 crore per train.

Coffee Day Enterprises share price were under pressure for a second day on Tuesday. At 1:20 PM, Coffee Day shares were down 15 per cent at Rs 33.89 per share as against 364 points, or 0.46 per cent, dip in the benchmark BSE Sensex.

In two days, Coffee day Enterprises share price has tumbled 28.6 per cent after the company informed the exchanges that the National Company Law Tribunal (NCLT), Bengaluru bench, has admitted the company for insolvency proceedings.

The Supreme Court on Tuesday closed the contempt case against yoga guru Ramdev and Acharya Balakrishna after accepting their undertakings to cease issuing misleading advertisements and claims regarding Patanjali Ayurved Ltd products. The decision followed a series of legal actions stemming from allegations that Patanjali engaged in a smear campaign against modern medicine, particularly during the Covid-19 pandemic.

In May, the Supreme Court had reserved its order on a contempt case filed by the Indian Medical Association (IMA) against Patanjali Ayurved Ltd, Ramdev, and Balakrishna.

India’s net direct tax collection, with refunds adjusted, grew 22.5 per cent to Rs 6.93 trillion between April 1 and August 11 of FY25.

In the same period last year, tax collection was at Rs 5.65 trillion, according to the Income-Tax (I-T) Department’s latest data released on Monday.

US short-seller Hindenburg Research has raised concerns about a possible conflict of interest involving Madhabi Puri Buch, the Chairperson of India's market regulator, SEBI (Securities and Exchange Board of India). In a series of tweets, Hindenburg responded to SEBI's statement regarding an investigation into the Adani Group.

Hindenburg claims that SEBI was responsible for investigating certain investment funds related to the Adani Group.

Pernod Ricard's legal head in India has resigned, said two sources with direct knowledge of the matter, a key departure at a time when the French liquor giant faces many legal and regulatory headaches in the critical Indian market.

The sources, who spoke on condition of anonymity, said the official, Bijoya Roy, will join Google in November as its top India counsel, with the US tech giant confronting several antitrust investigations of its own.

On Monday, the Supreme Court issued notices to the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) in response to the bail petitions filed by Bharat Rashtra Samithi (BRS) leader K Kavitha, as reported by Bar and Bench.

A bench consisting of Justices BR Gavai and KV Viswanathan scheduled the matter for a hearing on August 20.

The Supreme Court on Monday refused to entertain a fresh plea filed by some examinees challenging the government's decision to cancel the UGC-NET examination following alleged question paper leak, saying that entertaining it at this stage will create "chaos".

A bench comprising Chief Justice D Y Chandrachud and justices JB Pardiwala and Manoj Misra said the government is conducting the exam afresh on August 21 and the students, who are around nine lakh, must have some kind of "certainty now".

Stepping up its attack on the PM Narendra Modi government over the Hindenburg Research's allegations against Sebi Amid the raging row over the Hindenburg Research's allegations against Sebi chairperson Madhabi Buch, the Congress on Monday demanded her resignation and urged the Supreme Court to transfer the Adani probe to the CBI or a Special Investigation Team given the "likelihood of Sebi's compromise".

The opposition party also reiterated that the path forward is to immediately convene a Joint Parliamentary Committee (JPC) to investigate the full extent of what it described as the "Modani mega scam" involving the "self-anointed non-biological PM and a perfectly biological businessman".

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