Adani Airport Holdings Ltd (AAHL), a wholly-owned subsidiary of Adani Enterprises Ltd, has taken over the management control of Mumbai International Airport Limited (MIAL) from the GVK Group following the MIAL Board Meeting on Tuesday.

his follows approvals received from the Government of India, the City and Industrial Development Corporation of Maharashtra, and the Government of Maharashtra, the company said in a release.

MIAL is India’s second busiest airport. With eight airports in its management and development portfolio, AAHL is now India’s largest airport infrastructure company, accounting for 25% airport footfalls, the release added.

Maruti Suzuki said the price hike will be applicable with immediate effect

The company has hiked prices by up to Rs 15,000

Last month, Maruti Suzuki had confirmed that the company would hike the prices of its models from the next quarter. Now, the carmaker has hiked the prices of all its CNG-powered models as well as the Swift by up to Rs 15,000.

The price hike, which has been attributed to an increase in various input costs, is applicable with immediate effect. The brand has added that the price hike for all other models in the product range shall be intimated soon.

The valuation of food delivery major Zomato, which is going public through an IPO with an indicative market capitalisation of around Rs 60,000 crore, has been a topic of much discussion on social media with questions being raised if it’s really worth that much.

People shared mixed views. For some, a tech-enabled company should be valued differently than a traditional one despite its losses. For others, the IPO is an opportunity for venture capital and private equity investors to offload their liability to retail investors. Then there are those that believe Indian food tech companies will reflect valuations earned by global peers like DoorDash to a significant extent.

Zomato’s IPO is set to be open from July 14 to July 16 at a price band of Rs 72-76. The offer size is about Rs 9,375 crore.

Paytm president Amit Nayyar and its chief human resources officer Rohit Thakur are understood to have stepped down. A couple of other senior executives have also put in their papers in recent months.

Responding to a query from media, Paytm said in a statement: “As a company, we do not comment on personnel changes. We have built an incredible management team with some of the most reputed names in the industry, who are focused on driving growth at Paytm.”

Nayyar, a former Goldman Sachs executive, had joined Paytm in 2019 and was responsible for the financial services vertical and was also looking after new launches such as broking, insurance, lending and wealth management.

The sharp rise in diesel prices is catalysing a shift in the light and medium duty truck market — towards CNG with the gas powered small trucks selling 40% of all sales from less than 10% in 2019, driven by economic considerations.

A light/medium truck runs 7,000 km per month and uses up 1,000 litre of diesel now costs between Rs 90,000-Rs 95,000 on fuel bills while a CNG powered truck will need just Rs 50,000.

Truckers and fleet operators are pushing for CNG vehicles for shorter hauls. Companies including Tata Motors, VECV, M&M and others are cranking out their CNG strategy while others (Ashok Leyland and DICV) are looking at a larger alternative fuel strategy.