The Congress on Friday called for an investigation after a US-based research firm in its report raised concerns about the possibility of shares of Adani Group companies declining from their current levels owing to high valuations.

"But in an era of globalisation of Indian businesses and financial markets can Hindenburg-type reports that focus on corporate misgovernance be simply brushed aside and dismissed as being "malicious"? We fully understand the close relationship between the Adani Group and the current government.

Hyderabad will host a two-day inception meeting of the Startup 20 Engagement Group, set up under India's G20 presidency, from Saturday.

G20 is a grouping of developed and developing nations. India is holding its presidency for this year.

Startup 20 is an important engagement group and Hyderabad has a culture of innovation, G20 Sherpa Amitabh Kant told reporters on Friday.

BYD India, a subsidiary of Chinese vehicle manufacturer BYD is bullish on the evolution of the passenger electric vehicles (EV) market in the country and will come out with another model this year.

Sanjay Gopalakrishnan, senior vice-president of the passenger EV business of BYD India, said the company has sold 700 EV cars of a single model in 2022 and expects to sell 15,000 units of three models in the current calendar year.

India's Adani Enterprises Ltd began a record $2.45 billion secondary share sale for retail investors on Friday, days after the Adani conglomerate - controlled by one of the world's richest men - was attacked by a short seller.

Adani Group firms lost $11 billion in market capitalisation on Wednesday after New York-based Hindenburg Research flagged concerns in a report about debt levels and the use of tax havens. Adani Group dismissed the report as baseless.

Tech giant Microsoft has announced that it has partnered with global solar leader Qcells to curb carbon emissions and power the clean energy economy.

The "strategic alliance" aims to enable a strong supply chain for new renewable electricity capacity projected to require at least 2.5 gigawatts of solar panels and related services, which is equivalent to powering over 400,000 homes, Microsoft said in a blogpost on Wednesday.

Fintech platform BharatPe suffered huge losses to the tune of Rs 5,610.7 crore in the financial year 2021-22, due to a one-time non-cash expense related to change in fair value of compulsory convertible preference shares (CCPS).

In FY21, the company had posted a net loss of Rs 1,619.2 crore.

Air India chief Campbell Wilson on Friday said the airline's progress over the last 12 months has been "nothing short of stunning" and there is much more to be done as Tata group completes the first year of takeover of the carrier.

Listing out the major initiatives over the last one year, Air India said it is "finalising a historic order of new aircraft to power future growth".

When the Adani Group mobilised to defend itself against accusations — levelled by US-based short sellers Hindenburg Research — that it had “engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades,” the choice of decor was more persuasive than the denial. Chief Financial Officer Jugeshinder Singh stood in front of a giant Indian flag that made him look more like a government official than an embattled company executive. The message was clear: If you (a “foreign entity,” in the company’s words) come after Adani, you’re coming after India.

Air India will on Friday seal half of an order worth billions of dollars for some 495 jets with Boeing and engine suppliers General Electric and CFM International, two industry sources said, as its new owner seeks to revive the airline and compete with much larger rivals.

After months of closely-guarded, tough negotiations, Air India is set to place an order for 190 Boeing 737 MAX narrowbody planes as well as some 20 Boeing 787s and 10 Boeing 777X on a day marking one year since Tata Group took control of the former state-run carrier, the sources told Reuters.

The ruling BJP in Karnataka on Wednesday alleged that the Congress has a history of having links with terrorism.

The retort, in a series of social media posts, comes in the wake of Opposition leader Siddaramaiah's recent claim that Congress opposes terrorism in all its forms.

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