By earn 
News Highlights For The Week
🌟 French sporting goods firm Decathlon plans to invest Rs 933 crore in India over the next five years. The firm, which posted a revenue of around Rs 4,000 crore in the country in FY24, added that it plans to double this figure in that period.
🌟 Air India was fined Rs 99 lakh for operating a flight last month with unqualified pilots. The fine was imposed by the Directorate General of Civil Aviation, which described the incident as having “significant safety ramifications”.
🌟 India may retract its decision to demand a payment of $4 billion from Infosys in back taxes after weeks of lobbying by the IT giant and an onslaught of criticism from the software services industry.
🌟 Adani Power has $800 million in unpaid dues from Bangladesh, where a student-led protest movement recently ousted Sheikh Hasina’s government
🌟 Indian snacks manufacturer Bikaji has acquired 55 percent stakes in Ujjain-based Ariba Foods
Cyient informed the stock exchange that it has incorporated a wholly owned subsidiary ‘Cyient Semiconductors Private Limited’.
🔸As per media reports, shares of Trent, BEL will replace LTI Mindtree and Divi’s Labs in the benchmark Nifty 50 index effective 30 September. Apart from this, there are 15 other changes being made in the Nifty 200 Index and 27 changes in the Nifty 500 Index.
🔸As per media reports, Infosys is actively pursuing more acquisitions following two significant buys this year, including the acquisition of German firm in-tech.
🔸Jio Financial Services has received approval from Department of Economic Affairs to increase foreign investment limit to 49% of paid up capital. Current foreign holding stands at 17.55%.
🔸Sun Pharma launched Tedizolid Phosphate tablets 200 mg in India under the brand name “STARIZO” to treat Acute Bacterial Skin and Skin Structure Infection.
