The US Develop–ment Finance Corporation (DFC) on Wednesday announced it would provide $553 million for Colombo West International Terminal Pvt Ltd (CWIT), in which Adani Ports and Special Economic Zone (APSEZ) is a majority stakeholder with 51 per cent. It is part-owned by Sri Lanka’s John Keells Holdings and the Sri Lanka Ports Authority.

Adani Group, which has seen significant turbulence in the past months after short-seller Hindenburg Research made allegations of corporate governance lapses, sees the development as a positive.

India is proposing reducing import taxes on some electric vehicles from the UK in an effort to clinch a free-trade deal between the two nations by the end of the year, according to two people familiar with the discussions.

New Delhi is considering a concessional tariff of 30% on 2,500 electric vehicles imported annually from the UK priced above $80,000, the people said, asking not to be identified as the talks are private.

Cooperation Minister Amit Shah on Wednesday launched the 'Bharat Organics' brand of the newly created National Cooperative Organics Ltd (NCOL) and asserted that it will emerge as the most "trusted" brand in India and abroad.

Shah also launched the NCOLs logo, website and brochure. He gave away NCOL membership certificates to five cooperative societies.

The Enforcement Directorate (ED) has summoned Trinamool Congress MP Abhishek Banerjee to appear before it here on November 9 in connection with the alleged school jobs scam, a TMC leader said on Wednesday.

Banerjee will appear before the ED on Thursday, West Bengal Women and Child Welfare Minister and TMC spokesperson Shashi Panja said, alleging that the party national general secretary is a victim of "vendetta politics".

Air India is planning to reinstate 100 per cent of its "long-grounded" fleet since the takeover by the Tata Group two years ago.

According to a report in the Financial Express (FE), over 95 per cent of the "long-grounded" fleet, which included Boeing 787s, 777s, and narrow-body Airbus A320 type aircraft, has been made airworthy.

After clinching a seat-sharing agreement with the BJP, actor Pawan Kalyan-led Janasena party has announced its list of eight candidates for the November 30 Assembly polls in Telangana.

M Umadevi, the lone woman candidate, will be contesting from Aswaraopeta (ST) constituency while Janasena Telangana in-charge Shankar Goud will be fielded in Tandur segment, according to the list released by the party on Tuesday.

Walmart-owned fintech firm PhonePe said it has crossed 500 million lifetime registered users on its platform. With this milestone, 1 in 3 Indians are now on PhonePe.

The company said it is the first Indian internet company to have reached this scale globally. This milestone has been achieved in just over 7 years since the PhonePe UPI (Unified Payments Interface) payments launched in August 2016.

Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. is seeking to raise as much as Rs 240 crore ($2.4 billion) via rupee-denominated bonds, according to filings seen by Bloomberg.

The base size of the sale is 100 billion rupees with an option to retain subscriptions worth another 10,000 crore. The 10-year bonds will be auctioned on Thursday and are rated AAA with a stable outlook by rating companies CRISIL and CareEdge.

Wipro, India's fourth-largest IT services provider, is mandating that all its employees globally work from office at least thrice a week from this month, according to a company-wide email seen by Reuters on Tuesday.

Companies have been reversing or modifying their "remote work" policies as Covid-19 pandemic-related restrictions wound down for reasons including better communication and collaboration among workers.

Honasa Consumer, the parent company of Mamaearth, made a lacklustre stock market debut, with its shares listed at Rs 330, a 2 per cent premium over its issue price of Rs 324 per share on the National Stock Exchange (NSE) on Tuesday. The stock of personal care products company listed at par or Rs 324 to its issue price on the BSE.

Post listing, shares of Honasa Consumer moved higher to Rs 334 on the BSE. At 10:02 AM; the stock was trading at Rs 331.95, up 2.5 per cent over its issue price.

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