An investigation of India's Adani group by the market regulator has uncovered violations of rules on disclosures by listed entities and limits on the holdings of offshore funds, two sources with direct knowledge of the matter said.

The Securities and Exchange Board of India (SEBI) launched the inquiry after U.S.-based Hindenburg Research raised governance concerns around the Gautam Adani-led group, shaving more than $100 billion from the market value of its companies.

Debt-ridden airline Go First on Monday announced the extension of flight cancellations till August 31. Earlier, it had cancelled all flights till August 27.

The announcement was made on the social media platform X, formerly Twitter. In a post, the airline said, "Due to operational reasons, Go First flights until August 31 2023 are cancelled.

Shares of Zomato rallied 6 per cent to Rs 96 on the BSE in Monday’s intra-day trade after over 55 million shares of the online food ordering and delivery platform company changed hands on the bourses via block deals.

At 09:15 AM; around 31.98 million shares representing 0.39 per cent of total equity of Zomato changed hands on the National Stock Exchange (NSE), the exchange data shows. On BSE, around 26.5 million shares or 0.31 per cent stake of the company changed hands via block deal.

Prime Minister Narendra Modi on Sunday pitched India as a trusted partner for an efficient supply chain to the G20 business community, urging them not to look at the country just as a market to sell products. He was addressing the B20 Summit India 2023, which is the official G20 dialogue forum with the global business community, in New Delhi.

While addressing the meet, Modi said the world had irreversibly changed between the pre-pandemic and post-pandemic times, and India had become the face of digital revolution in the era of Industry 4.0.

Shares of Suzlon Energy zoomed 5 per cent, to a hit an 8-year high at Rs 23.49 on the BSE in Monday's intra-day trades backed by heavy volumes. The stock is now seen trading at its highest level since August 2015.

As of 09:35 AM; the stock quoted at Rs 23.35, up 4.3 per cent. The counter had seen trades of around 12.56 million shares so far on the BSE as against its 2-week average volume of around 34.52 million shares. In comparison, the S&P BSE Sensex was flat around 64,875 level.

President Droupadi Murmu on Monday congratulated Neeraj Chopra for becoming the first Indian to win a gold medal at the World Athletics Championships and said his performance will inspire millions of the country's youth.

"India is proud of Neeraj Chopra. I convey my heartiest congratulations to him. I wish his legend grows with more such feats," she said.

Mining magnate Anil Agarwal's Vedanta Ltd has won an arbitration against a demand for a higher payout from its prolific Rajasthan oil and gas fields after disallowance of Rs 9,545 crore ($1.16 billion) in certain costs incurred, the company said.

The government has sought additional profit petroleum (or its share from the oil and gas fields) after it reallocated certain costs between the fields in the block and disallowed a portion of the cost incurred on laying a pipeline to evacuate oil produced from the Rajasthan block.

Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Saturday expanded his cabinet by inducting three BJP MLAs as ministers just months ahead of the state assembly polls to be held by the end of the year.

With this, there are now 34 members in the Chouhan-led cabinet.

State Governor Mangubhai Patel administered the oath of office as ministers to three legislators at the Raj Bhavan here around 9 am.

Vedanta Ltd will explore options to create independent entities for some or all of its businesses, said Anil Agarwal, chairman of the India-listed company.

It did not disclose further details, including the timeline and structure of the proposal.

In a statement to the BSE, Vedanta called it an exercise aimed at unlocking stakeholder value.

Air India will deploy additional cabin crew members on its narrow body aircraft, which are operating on international routes and domestic metro-to-metro routes, to provide better service to passengers, its Chief Executive Officer and Managing Director Campbell Wilson said on Friday.

"On the cabin crew front, our recruitment and training teams have done a great job in recent months of onboarding new colleagues. Thanks to their efforts, and notwithstanding our ongoing growth, we'll be restoring a full service-based complement of cabin crew on our narrowbody international and domestic metro-to-metro flights from September 1," he told employees in a message that has been reviewed by Business Standard.

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