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Gurugram Ambience Mall MD booked by CBI for defrauding the bank of over ₹280 crore

The CBI has booked Raj Singh Gehlot, Chairman and MD of Gurugram-based Ambience Mall, on charges of defrauding Jammu & Kashmir Bank of more than ₹280 crore.

Two other directors of Gehlot’s firm Aman Hospitality and unnamed bank officials have also been booked. In July, Gehlot was arrested by the Enforcement Directorate (ED) on charges of money laundering.

Mukesh Ambani gets $3.7 billion richer in a day, nears $100-billion wealth club

Asia’s richest person Mukesh Ambani added $3.7 billion to his wealth as Reliance Industries shares surged to a record high. The rally came after Ambani said RIL will “aggressively” pursue production of cheap green hydrogen. Ambani’s net worth hit $92.6 billion, taking him closer to the club of individuals who are worth over $100 billion, according to Bloomberg.

Maruti Suzuki recalls over 1.8 lakh petrol cars over possible defect

Maruti Suzuki has recalled 1,81,754 cars to inspect for a possible defect in the petrol variants of Ciaz, Ertiga, Vitara Brezza, S-Cross and XL6 manufactured between May 4, 2018 and October 27, 2020. “In the interest of customers, Maruti Suzuki has decided to voluntarily recall the affected vehicles for inspection/replacement of Motor Generator Unit, free of cost,” it stated.

Sachin Bansal challenges ED’s ₹10,000 crore notice in Madras HC

Flipkart Co-founder Sachin Bansal has approached Madras High Court challenging the Enforcement Directorate’s notice served to Flipkart and its Founders involving ₹10,000 crore fine over alleged foreign investment laws violations. Bansal challenged the notice on the ground that it was issued after an inordinate delay of 12 years.

Reliance hits ₹15 lakh crore market cap after it takes controlling stake in Just Dial

The shares of Reliance Industries surged to a record high on Friday a day after its subsidiary Reliance Retail Ventures (RRVL) completed the acquisition of controlling stake in Just Dial. The stock surged to ₹2,383.80 during intraday trade, taking its market capitalisation to over ₹15 lakh crore. RRVL now holds 41% stake in Just Dial, under a deal announced in July.

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