After Amazon.com Inc., it’s the turn of Apollo Global Management Inc. to wade into the jungle that’s corporate governance in India. It has sued a Mumbai-based warehousing firm in which it owns a large stake. The cause of the dispute vanished on Monday when the company dropped a controversial plan to sell its business. But the US shareholder, whose rejection of the deal was given short shrift by the board, must still worry about its rights. After all, when the world’s largest retailer couldn’t enforce contracts in the country, why should a buyout firm fare any better?

Amazon and Apollo had made separate investments in private ventures of Kishore Biyani, a pioneer of modern-format stores in a country still dominated by neighborhood mom-and-pop shops.

The Numaligarh Refinery Ltd (NRL) has planned to invest Rs 35,000 crore for completion of its five major ongoing projects, including the India-Bangladesh Friendship Pipeline (IBFPL), in the next five years, a top company official said on Monday.

The company is determined to execute the major ongoing initiatives, namely, Numaligarh Refinery expansion.

Paytm, One97 Communications brand has announced that the company has now tokenized over 93 per cent of the monthly active cards on their application.

The company has tokenized 52.3 million cards across VISA, Mastercard and RuPay in its effort to make card transactions safer and drive convenience for consumers.

Adani Green Energy Limited has commissioned a 325-megawatt wind energy plant in Dhar district of Madhya Pradesh.

With the commissioning of this plant, its operational generation capacity has increased to 6.1 gigawatt (GW), Adani Green Energy Limited (AGEL) said in a statement on Monday.

Jawahar Lal Goel has tendered his resignation from Dish TV India's board and has ceased to be the Chairman of the company, the company announced in a notice to the stock exchange. The resignation comes within days of the company announcing that Goel would not seek a reappointment to the board.

The company's annual general meet is scheduled for September 26, where Goel will step down from the board, the company said in a stock market notification on Tuesday.

Amid anticipation of the launch of 5G services in October, Bharti Airtel and Reliance Jio together will outdo Vodafone Idea (Vi) as they will likely spend the bulk of around Rs 350-400 crore in festive season advertising, reported The Economic Times on Monday.

All three telcos -- Airtel, Jio, and Vi -- will have tactical campaigns for the festival quarters as Bharti Airtel is set to lead the media spending in the category, media planners told ET.

According to industry experts, the Indian Railway Catering and Tourism Corporation (IRCTC) can now apply with the Reserve Bank of India (RBI) for a license as a payment aggregator, BusinessLine reported.

IRCTC recently secured an approval from the Registrar of Companies, NCT, Delhi and Haryana to alter the Main Objects Clause of the Memorandum of Association and insert a new clause to act as a payment aggregator.

Air India has come a long way from its glory days, when it dominated the Indian skies. Today, IndiGo is India’s biggest airline by domestic market share. July data from the national aviation regulator showed that IndiGo commanded a 58.8 per cent share. Vistara, a Tata Sons-Singapore Airlines joint venture, was the second-biggest with a market share of 10.4 per cent. Behind IndiGo and Vistara was Tata-owned Air India with a 8.4 per cent market share.

The Tata Group, which took over Air India and Air India Express in January this year, has decided to remedy the situation.

The Adani Family, through Endeavour Trade and Investment Ltd ("BidCo"), a special purpose vehicle, has successfully completed the acquisition of Ambuja Cements Ltd and ACC Ltd.

The transaction involved the acquisition of Holcim's stake in Ambuja and ACC along with an open offer in both entities as per SEBI Regulations.

Reacting to Waqf Board chairman Amanatullah Khan's arrest, Delhi Deputy Chief Minister Manish Sisodia on Saturday accused the BJP of continuing with its "Operation Lotus" to "break" the AAP leaders.

Khan, Aam Aadmi Party MLA from Okhla, was arrested by the Anti-Corruption Branch on Friday in connection with alleged irregularities in the Delhi Waqf Board recruitment, officials said.

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