Mukesh Ambani has selected his youngest son Anant Ambani as the new energy business leader. Mukesh Ambani made this announcement on Monday while addressing the shareholders at Reliance's virtual annual general meeting. Earlier, Ambani had made his daughter Isha the retail business head of Reliance. This indicates that one of the wealthiest families in Asia is moving ahead with its succession plan.

The shares of Punjab and Sind Bank Limited logged a dip today. This dip came despite the fact that the bank revealed that the rating agency CRISIL Ratings had reaffirmed its rating on the long-term debt instruments at ‘CRISIL AA/Negative’. The rating agency has also withdrawn its rating on Rs200 crore of Lower Tier II bonds in accordance with its withdrawal policy.

Solana currently trades at $30.69. In the last 24 hours, the coin moved 3.46% to the downside and decreased by 11.59% in the last seven days. The 9th largest cryptocurrency by market cap is in red like the rest of the market. The 24-hour trading volume is at $704M, which is a 13.81% increase in the last 24 hours.

Toshiba Transmission and Distribution Systems India (TTDI) on Monday announced the appointment of Hiroshi Furuta as its Chairman and Managing Director. The company said that Furuta will lead TTDI to the path of next level of growth in India and overseas. The company also noted that TTDI is positioned as Toshiba's global manufacturing hub for its transmission & distribution equipment business.

Reliance Industries (RIL) chairman Mukesh Ambani, during the 45th annual general meeting on Monday, revealed that the company intends to invest a whopping ₹2 lakh crore to build its Pan-India true 5G network. Ambani said that the Jio 5G service will be rolled out "within the next two months, that is by Diwali of 2022'.

Food tech sector company RailRestro will invest $2-30 million to build a robust logistics framework to expand its reach in eastern India. Indian Railways' catering and ticketing service company IRCTC has authorized RailRestro to supply restaurant-made meals to passengers on trains. The company's co-founder and director Manish Chandra informed about the investment plan on Sunday.

Following Voyager's demise, a number of significant crypto players, including Binance, FTX, and Coinbase, came to purchase its assets. Coinbase (COIN), however, withdrew the offer. According to the most recent statistics, at least 22 people have shown interest in the firm. But because Voyager was valued at more than 2.3 billion USD, only Binance or FTX will likely be able to make a deal.

ICICI Bank on Monday revealed that it has collaborated with the National Payments Corporation of India (NPCI) to roll out a range of credit cards on the payments network RuPay. The ICICI Bank RuPay Credit Card will be made available in the Coral variant of the Bank’s Gemstone series, which will be followed by Rubyx and Sapphiro variants soon.

Sri Lanka's Minister of Power and Energy Kanchana Wijesekera said, 24 companies from 10 countries, including India, have shown interest in selling petroleum products in the country during the time of fuel crisis. The committee will now evaluate these proposals and finalize the process in 6 weeks. Sri Lanka is facing a severe economic crisis these days.

The 75th EV charging station has been installed by Park+ in Delhi. The installation of the 75th charging point was timed to coincide with India's 75th anniversary of independence. The corporation wants to set up 10,000 EV charging stations throughout India. In terms of EV charging installation, Park + is now the largest company in India.

Reliance stated that it would establish a new Giga Factory in the field of power electronics, expanding its focus on renewable energy and adding to the list of four such mega facilities that the oil-to-telecoms giant. RIL Chairman Mr Ambani stated that with solar energy, RIL is also actively progressing on bio-energy, offshore wind and other non-conventional forms of renewable energy.

The 7 top-selling NFTs one should consider investing in 2022, according to the popular news website InsideBitcoins are Lucky Block(LBLOCK), Silks, Decentraland (MANA), Battle Infinity(IBAT), EstateX (ESX) and Axie Infinity(AXS). Decentraland is a 3D virtual world browser-based platform. Users may buy virtual plots of land in the platform as NFTs via the MANA cryptocurrency.

Indian benchmark indices ended the trading day on a NEGATIVE note. 📊 At 3:30 PM, Sensex plunged by 861.25 points or 1.46% to 57,972.62 and Nifty went down by 223.10 points or 1.27% to 17,335.80. 👉Among sectoral indices, buying was noticed in the FMCG sector(🔼0.39%). However, Banks (🔻1.82%), IT (🔻 3.53%) and Fin Service (🔻 1.69%) sectors witnessed heavy selling pressure.

Alembic Pharmaceuticals’ Chlorthalidone tablets which are used to treat high blood pressure were approved by the US health agency. The US Food and Drug Administration (USFDA) has given the firm final approval to commercialise the medicine in the US in dosages of 25 mg and 50 mg, according to a statement from the pharmaceutical company.

Allegations against Ava Labs by CryptoLeaks have been denied by the company’s CEO. CryptoLeaks claimed that the company formed a “secret pact” with U.S. law firm Roche Freedman and used litigation to “harm” competitors and fool regulators. However, CEO Emin Gün Sirer has refuted these claims, calling them “conspiracy theory nonsense.”