The Uddhav Thackeray faction of Shiv Sena on Monday moved the Supreme Court against Election Commission's decision last week to give the party name and symbol to the faction led by the Chief Minister Eknath Shinde which has been recognised by the poll panel as the real Shiv Sena.

The plea said that the poll panel "failed" to consider that his action enjoys a majority in the Legislative Council and Rajya Sabha.

The Gujarat government on Monday signed 18 memoranda of understanding (MoU) worth Rs 9,852 crore under the state government's 'Aatmanirbhar Gujarat Schemes for Assistance to Industries', which was announced last year to boost new investment, an official release said.

Through these 18 agreements, various firms have pledged to invest Rs 9,852 crore in different parts of the state, which would generate 10,851 employment opportunities.

AIMIM president Asaduddin Owaisi on Monday alleged his residence in the national capital was attacked by unidentified miscreants, and said this was the fourth such incident since 2014.

The All India Majlis-E-Ittehadul Muslimeen (AIMIM) leader, who was on a visit to Rajasthan, said he has submitted a complaint to Delhi Police in connection with the incident.

Shares of Cipla dipped 7 per cent to Rs 956.20 on the BSE in Monday’s intra-day trade after the company said that the United States Food and Drug Administration (USFDA) issued Form 483 with 8 observations after the inspection of its Pithampur manufacturing facilities.

USFDA conducted a current Good Manufacturing Practices (cGMP) inspection at the company’s Pithampur manufacturing facility from 6th - 17th February, 2023, Cipla said in an exchange filing.

Maharashtra Chief Minister Eknath Shinde on Sunday said the Election Commission's decision to allot his faction of the Shiv Sena the "bow and arrow" election symbol was a victory of truth.

Addressing a Shivaji Jayanti function in Agra in Uttar Pradesh Sunday evening, he said his faction got the "bow and arrow" symbol because of the blessings of Chhatrapati Shivaji Maharaj.

Indian domestic air travel has significantly improved as it touched 85.7 per cent of pre-covid 2019 levels in the year 2022, according to the International Air Transport Association (IATA).

IATA announced earlier this month that the recovery in air travel continued in December, 2022 and was signed up for the whole year compared with 2021.

Almost a month after a bombshell short seller report lopped off $132 billion in market value from Gautam Adani’s empire, the Indian billionaire has hired top-shelf US crisis communication and legal teams, scrapped a $850 million coal plant purchase, reined in expenses, repaid some debt and promises to repay more.

The ports-to-power conglomerate helmed by Adani — who used to be Asia’s richest person — is hoping to claw back the narrative with this playbook and calm jittery investors and lenders after US-based Hindenburg Research on Jan. 24 accused it of accounting fraud, stock manipulation and other corporate governance lapses.

At a time when large investors have reduced their investments in India as the funding winter persists, venture capital firm Lightspeed is betting big on the country. It plans to invest in emergent sectors such as climate, electric mobility, deep tech, Web3 and cross-border commerce. The firm would also continue to invest in core themes such as consumer, fintech and software-as-a-service (SaaS).

“We believe in investing through cycles and in companies that are building for the future. We have core investment areas in SaaS, fintech, commerce and consumer,” said Rahul Taneja, Partner, Lightspeed, in an interview.

Twitter Inc. has shut two of its three India offices and told its staff to work from home, underscoring Elon Musk’s mission to slash costs and get the struggling social media service in the black.

Twitter, which fired more than 90% of its roughly 200-plus staff in India late last year, closed its offices in the political center New Delhi and financial hub of Mumbai, people aware of the matter said.

The turmoil engulfing Gautam Adani’s business empire that’s sparked a punishing stock market selloff and shaken faith in India as an investment opportunity may open the door to a democratic revival in the country, according to billionaire investor George Soros.

The fallout from US short seller Hindenburg Research’s attack on the conglomerate threatens to hurt investor confidence in India, has fueled concerns about the country’s regulatory framework and sparked questions about Prime Minister Narendra Modi’s ties with Adani.

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