Adani Transmission has purchased the transmission assets of the Anil Ambani promoted Reliance Infra, consolidating its presence in the space and becoming the largest private operator of power transmission networks in India. The deal closed at an estimated Rs. 2,000 crore, and follows close on the heels of Adani's acquisition of GMR Energy's power transmission projects and of the Aravali Transmission Company. 

Thane Crime officials have raided seven call centres and arrested 70 employees for threatening US citizens and extorting them of money. The employees, trained to speak in an American accent, would contact US citizens posing as Internal Revenue Service tax officials, threatening them with jail terms and fines for irregular tax filings. They would then demand bank account details, and siphoned money from their accounts. The daily turnover of these call centres was to the tune of Rs 1.5 crore, with an annual collection of over Rs 400 crore. 

Should you buy stocks during cross-border unrest? The BSE index fell by 1.6% on 29 September, the day the surgical strikes against Pakistan were reported. Markets rose significantly as the 1999 Kargil conflict was ongoing. However the Kargil war was a short-term conflict, and there is historical evidence that long-term tensions impact the economy and stock markets significantly, reducing trade and bringing down industrial production and consumer optimism.  

Amazon has seen a big bump in its India sales this season, with sales growing 3X compared to last year. 70% of new customers came from Tier 2 and Tier 3 towns, suggesting that customer optimism and spending is widespread, aided by a better-than-average monsoon. The biggest selling item has been interestingly, the Amazon Prime membership in a country where analysts often claim that customers do not buy subscriptions or pay premiums for faster delivery/service. 

Photo of the day: A treehouse Army lookout on the Line of Control. Firstpost