Adani Offloads ₹7,150 Cr Stake
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🗞️ Adani Group Offloads 20% in Adani Wilmar for ₹7,150 Cr
Adani Group has sold a 20% stake in Adani Wilmar for ₹7,150 crore, streamlining its FMCG strategy and freeing up capital for other expansions.
💬 Expert Take:
"This stake sale signals strategic deleveraging — the market will watch how Adani redeploys these funds."
— Sameer Desai, Infra Analyst
🗞️ Hexaware Buys SMC Squared for $120 Mn to Strengthen GCC Business
Hexaware Technologies will acquire US-based SMC Squared for $120 million in cash, boosting its global capability centres (GCC) services.
🗞️ Byju’s Founders Ready to File $2.5 Billion Suit
Byju’s founders are preparing to file a $2.5 billion lawsuit against GLAS Trust and other lenders, escalating the ongoing dispute over control and funding.
🗞️ Tata Digital Gets ₹400 Cr Boost from TCS Dividend
Tata Digital will receive around $400 million (₹3,300 crore) from Tata Sons through TCS dividends to fuel its e-commerce and digital growth plans.
🗞️ Tax Experts Warn of Fake Deduction Claims
Tax advisors caution taxpayers against fraudulent deduction claims as scrutiny tightens amid a surge in suspicious refund filings.
🗞️ Uber to Invest $300 Mn in Lucid for Robotaxi Deal
Uber will invest $300 million in EV maker Lucid Motors to boost its future robotaxi fleet and sustainable mobility play.
💬 Expert Take:
"A major push for robo-taxis — Uber’s bet could reshape future urban mobility."
— Arvind Rao, Mobility Strategist
🗞️ Nitin Gupta Takes Charge as NFRA Chief
Nitin Gupta, ex-CBDT head, has taken over as NFRA chief, marking a shift in India’s audit oversight and regulatory landscape.
🗞️ What CFOs Must Know About SEBI’s Revised RPT Norms
Top CFOs are gearing up to adapt to SEBI’s updated Related Party Transaction norms — here’s what finance leaders should watch out for.
📊 Market Updates – July 17, 2025
📉 Sensex: 82,259.24 ▼ −0.45%
📉 Nifty 50: 25,111.45 ▼ −0.40%
💵 USD/INR: ₹86.07 (weaker)
🪙 Gold (24K): ₹99,330/10g ▼ −0.20%
🪙 Bitcoin: ~$118,246 ▲ +0.4%
🛢️ Brent Crude: $68.70/bbl ▶ steady