Abhishek Ganguly will step down from his role as the managing director of Puma India and its global director of retail and e-commerce Karthik Balagopalan will take on the post from August 1, the company announced on Thursday.

Ganguly had been the MD of the company since 2014. "Abhishek leaves Puma to pursue a career as an entrepreneur in his own venture," the company said.

Delhi Police’s Economic Offences Wing (EOW) has lodged a first information report (FIR) against Ashneer Grover, former managing director of BharatPe, his wife Madhuri Jain Grover, and other members of the family on BharatPe’s complaint. The New Delhi-based fintech giant has accused Grover and his family of defrauding it to the tune of Rs 81.28 crore. EOW now has the power to arrest all the accused.

If found guilty, Grover and his family can face up to 10 years of imprisonment.

A five-judge constitution bench of the Supreme Court (SC) comprising Chief Justice of India (CJI) D Y Chandrachud and Justices MR Shah, Krishna Murari, Hima Kohli and P S Narasimha refered the Maharashtra politics crisis case to a larger bench on Thursday.

The SC said that the 2016 Nabam Rebia case, which held that the Speaker cannot initiate disqualification proceedings when a resolution seeking his removal is pending, requires reference to a larger bench.

As part of its push to develop into a travel 'super app', Uber has launched flight bookings to its UK app, enabling users to plan a full journey that includes multiple modes of transportation, a report by Financial Times (FT) said.

The San Francisco-based company has begun rolling out the new booking tool for domestic and international flights to UK customers, with plans to expand it to users across the nation in the upcoming weeks, it added.

In a unanimous judgement, a five-judge constitution bench headed by the Chief Justice of India (CJI) D Y Chandrachud said that the real administrative power in the national capital must rest with the elected government and the Lieutenant Governor (L-G) shall exercise powers under the administrative role as entrusted by the President.

The Delhi government has legislative and executive powers over services, the court said.

Gold price rose Rs 280 in Thursday's early trade with 10 grams of the yellow metal (24-carat) trading at Rs 62,130, according to the GoodReturns website. Silver price fell Rs 100 with 1 kg of the precious metal selling at Rs 78,000.

The price of ten grams of 22-carat gold rose Rs 250 to Rs 56,950.

Twitter CEO Elon Musk announced on Wednesday that users can now directly reply to any message in the thread with emojis.

Musk further added that the micro-blogging site will soon introduce voice and video chat on its platform in the coming days for better communication. This feature was not available earlier. The new voice and video chat feature will let users interact with people from across the globe without sharing contact numbers.

Amara Raja Batteries Limited on Saturday launched the first Gigafactory in Telangana. Considered to be one of India's largest gigafactory, it will manufacture lithium-ion batteries, with a planned investment of Rs 9,500 crore over the next 10 years.

According to media reports, the work was commenced following a ceremony at Divitipalli in Mahabubnagar district in the presence of state IT and industries minister K T Rama Rao, who also laid the foundation stone.

The market capitalisation (m-cap) of Varun Beverages (VBL) crossed the Rs 1-trillion mark for the first time on the bourses on Wednesday, as the stock hit a new high of Rs 1,578.95, rallying 5 per cent on the BSE in the intra-day trade. In the past two trading days, the stock has surged 8.5 per cent. In comparison, the S&P BSE Sensex was down 0.10 per cent at 61,698.

At 10:43 AM; with a market cap of Rs 1.02 trillion, VBL claimed the 48th spot in the overall market cap ranking, the BSE data shows.

The six-member expert panel set up by the Supreme Court (SC) to look into the Adani-Hindenburg row has submitted its report in a sealed cover to the court on May 8, an Economic Times (ET) report said. People aware of the development have said that the matter is due for a hearing on May 12 before Chief Justice of India (CJI) DY Chandrachud.

There is little clarity if the committee has completed its investigation into the matter. Notably, the Supreme Court had pointed out a set of issues to be investigated in its order issued on March 2.

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