In a relief to rebel Shiv Sena lawmakers, the Supreme Court Monday kept in abeyance the disqualification proceedings before the Deputy Speaker of the Maharashtra Assembly till July 11 and sought responses to pleas by rebel MLAs questioning the legality of notices seeking their disqualification.

The top court, however, refused to pass any interim order on the plea of the Maharashtra government that there should not be any floor test in the Assembly and said they cannot always approach it in case of illegality.

Bajaj Auto Ltd on Monday said its board has approved a share buyback programme for an aggregate amount of up to Rs 2,500 crore.

The board of directors of the company, at its meeting held on Monday, approved the proposal for buyback of the fully paid up equity shares of the company with a face value of Rs 10 each from existing shareholders, except promoters and promoter group, from open market on the stock exchanges, Bajaj Auto said in a regulatory filing.

Airbus SE has emerged as the front-runner to win an aircraft order worth as much as $5.5 billion from Jet Airways India Ltd., people familiar with the matter said, solidifying the European planemaker’s hold in the world’s fastest-growing aviation market.

Tha talks are for A320neo jets and A220 planes, the people said, asking not to be identified because the deliberations are private. Boeing Co. and Embraer SA are also in discussions and no final decision has been taken, the people said. Although, at sticker prices, any transaction would be north of $5 billion, discounts are common in such large purchases.

Infopark Properties Ltd (IPL), a unit of Tata Realty and Infrastructure Ltd, has raised Rs 1,900 crore through two-year zero coupon bonds. The company enjoys financial flexibility by virtue of being part of the TATA group.

IPL will own 100 per cent of shareholding in TRIL Infopark Ltd (TIL) which operates the asset Intellion Park, Chennai (IPC), spread over an area of 4.6 million square feet (msf). CARE Ratings has assigned "A+" rating to non-convertible debentures (NCDs) with a 'stable' outlook.

Under the ‘Invest Rajasthan’ outreach programme, state Chief Minister Ashok Gehlot led Rajasthan government received the biggest investment pledges from Gautam Adani-led Adani Group and the Mukesh Ambani chaired Reliance Industries Ltd (RIL), a report by The Indian Express said.

Adani Group and RIL pledged more than Rs 1.68 trillion between December 2021 and March 2022 in Letters of Intent (LoIs) and Memoranda of Understanding (MoUs) with the Rajasthan government, data by the state's Bureau of Investment Promotion (BoIP) following the RTI application showed, stated the IE report.

China's leading automotive lithium-ion battery maker, Contemporary Amperex Technology Co Ltd (CATL), revealed a new battery that provides electric vehicles with a driving range of over 1,000 km on a single charge.

With the third generation of cell-to-pack (CTP) technology, the battery named Qilin, or CTP 3.0 battery, has a volume utilisation efficiency of 72 percent and an energy density of up to 255 Wh/kg for ternary battery systems, giving it the highest integration level in the world, according to CATL.

The government has extended the time for levy of GST compensation cess by nearly 4 years till March 31, 2026.

As per the Goods and Services Tax (Period of Levy and Collection of Cess) Rules, 2022, notified by the finance ministry, the compensation cess will continue to be levied from July 1, 2022 to March 31, 2026.

Over 12.14 crore balance and unutilized COVID-19 vaccine doses are still available with the States and UTs to be administered, informed the Ministry of Health and Family Welfare on Saturday.

The ministry further informed that 1,93,53,58,865 vaccine doses have been provided to States and UTs so far through free of cost channel and through the direct state procurement category

The overall flood situation in Assam has improved but over 33.03 lakh people in 28 districts continue to remain affected due to the natural calamity in the state, the Assam State Disaster Management Authority (ASDMA) informed on Saturday.

According to ASDMA, a total of 117 people have lost their lives so far in the flood and landslides in the state this year; of which 100 people died in flood alone, while the remaining 17 died due to landslides.

India's tally of Covid infections rose by 15,940 in a day to reach 4,33,78,234 while the active caseload increased to 91,779, according to the Union Health Ministry data updated on Saturday.

The death toll climbed to 5,24,974 with 20 more fatalities, the data updated at 8 am stated.

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