UltraTech withdrew its legal notice it served Jaypee last week and signed a revised deal with the company, increasing its acquisition price by Rs 289 crore. The deal had grown tenuous in the last minutes as UltraTech had written letters to the lenders Jaypee, saying talks with rival buyers was illegal. ET
In an interview with IE, Narendra Modi said that his biggest challenge has been in winning over sceptics, and says that under the BJP government the economy has seen a turnaround from high inflation and market turmoil to higher growth.
After gains over the last few days Indian markets have opened low, with investors cautious and awaiting news of the Cabinet expansion. Investors are hoping for appointments that signal an aggressive reform agenda. BS
Swiggy has been shifting away from its own delivery fleet and instead partnering with logistics companies in an effort to cut costs and reduce its burn rate. LiveMint
Photo of the Day: NASA's spacecraft Juno nears Jupiter, prepares for orbit insertion. NASA
