An inquiry commission headed by a retired high court judge has imposed a fine of Rs 25,000 on former Mumbai police commissioner Param Bir Singh for not appearing before it.

The Maharashtra government in March this year formed a one-member commission of Justice (retd) Kailash Uttamchand Chandiwal to conduct a probe into corruption allegations levelled by Singh against the then state home minister Anil Deshmukh.

India has added 36,401 new COVID-19 infections, taking the total tally of cases to 3,23,22,258, while the death toll has climbed to 4,33,049 with 530 more fatalities, according to Union health ministry data updated on Thursday.

The national recovery rate has improved to 97.52 per cent, the highest since March last year, according to the data updated at 8 am.

Google-backed delivery and e-commerce company Dunzo is betting big on the rapidly-growing online grocery market in the country. The firm is offering its ultra-fast grocery delivery service Dunzo Daily in Bengaluru, through which it will deliver essentials in 19 minutes.

The company said Dunzo Daily, the latest offering in Bengaluru, has become synonymous with ultra-fast grocery delivery.

Private steel major Tata Steel will pay a total of Rs 270.28 crore as annual bonus for the accounting year 2020-2021 to its eligible employees of all applicable division /units of the company, a release said.

A Memorandum of Settlement was signed on Wednesday between Tata Steel and the Tata Workers' Union, for payment of annual bonus for the accounting year 2020-2021, the release issued by the company said.

Radhakishan S Damani, investor and promoter of the DMart supermarket chain, has broken into the elite club of the top 100 global billionaires. Damani, who grew up in a single-room apartment in Mumbai, is now ranked 98th on the Bloomberg Billionaires Index with $19.2 billion as his net worth. The index is a daily ranking of the world’s richest people.

The other Indians on the top 100 rich list ahead of Damani are Mukesh Ambani, Gautam Adani, Azim Premji, Shiv Nadar, and Lakshmi Mittal (see table).

In a big development, the Supreme Court on Wednesday passed an interim order allowing women to take the admission exam to National Defence Academy (NDA) where only men can join.

Additional Solicitor General Aishwarya Bhati, representing the Centre, argued that it is a policy decision of the government.

The Bombay High Court on Wednesday granted interim protection from arrest to businessman Raj Kundra in connection with a porn films racket case registered by the city police in 2020.

A single bench of Justice S K Shinde directed the police to respond on August 25 to the pre-arrest bail plea filed by Kundra.

Non-banking finance company (NBFC) Bajaj Finance hit Rs 4-trillion in market capitalisation (market cap) after its shares touched a record high of Rs 6,640.80, up 3.6 per cent on the BSE in intra-day trade on Wednesday. The stock surpassed its previous high of Rs 6,475 touched on August 4, 2021.

At 10:51 am, with its Rs 4.001 trillion market cap, Bajaj Finance currently stands in eighth place in the overall market cap ranking of companies, according to the data from Bombay Stock Exchange (BSE).

A Taliban commander at the Kabul airport said that at least 40 people were killed in shooting by the foreign forces and due to a stampede since Monday.

He said the people should not be deceived by fake rumours about travelling abroad and asked them to avoid coming to the airport, Afghan media reported.

Shares of Infosys hit a new record high of Rs 1,755, up nearly 1 per cent on the BSE in intra-day trade on Wednesday. At 10:18 am, the stock was trading at Rs 1,751.75, above its maximum share buyback price of Rs 1,750 per share.

The IT major had commenced share buyback programme worth Rs 9,200 crore on June 25, 2021, wherein it had proposed to buy back shares at a maximum price of Rs 1,750 apiece.

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