Latest Business News and Updates on Bill Gates, Elon Musk, Mukesh Ambani, and Gautam Adani: Stay Informed!
The latest news in the world of business brings a surprising update on Vijay Mallya, the fugitive liquor baron. According to exchange data, Vijay Mallya owns an 8.1% stake in Kingfisher beer-maker United Breweries. This revelation comes amidst a fresh blow to Mallya as SEBI has barred him from securities trading for 3 years due to a bank loan default case worth ₹9,000 crore involving his now-defunct Kingfisher Airlines.
In other business news, Reliance Jio is offering new AirFiber connections at a 30% discount for a limited time. Customers can now get a new connection for ₹2,121 following the Freedom Offer. Additionally, IndiGo is set to operate the MAX 8 to Doha, with a new arrangement similar to its partnership with Turkish Airlines.
Meanwhile, Apple has slashed prices on its iPhones by up to ₹6,000, making the Pro or Pro Max models more affordable. On the stock market front, Sensex surged 800 points, breaking a 5-day losing streak, with top losers including Tech Mahindra, Nestle, Maruti, HDFC Bank, and Axis Bank.
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