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ED seizes Raj Kundra's home, Nestle shares fall, Phase 1 polling & more

OYO-owned co-working firm Innov8 has sold 3 per cent stake in the company to investors at a valuation of Rs 1,000 crore to expand its business amid rising demand of flexible workspace, according to sources.
Raymond Family Office has emerged as the lead investor, acquiring nearly 2 per cent share, they added.
Global travel tech platform OYO Group declined to comment.
In January this year, Innov8 had raised Rs 110 crore from investors, diluting 10 per cent of its equity to a clutch of high-profile investors including family offices of Gauri Khan, Mankind Pharma, Rupa Group, and Jagruti Dalmia.
Founded in 2015 by Ritesh Malik, Innov8 has more than 30 centres across 10 cities --  Delhi, Gurugram, Noida, Mumbai, Pune, Chennai, Bengaluru, Ahmedabad, Hyderabad, and Indore.
Innov8 has seen over 90 occupancies in its centres, driven by rising demand for flexible office spaces. It plans to reach 100 centres by end of this year.
Innov8 has reported a profit after tax of Rs 62 crore for 2023

Raymond Family Office has emerged as the lead investor, acquiring nearly 2 per cent share

Homegrown Axiscades on Friday said it has signed an agreement with European missile systems major MBDA to set up a defence facility in Karnataka.
The pact has been inked through its wholly owned subsidiary Axiscades Aerospace and Technologies to set up the unit at the Aerospace Park near Kempegowda International Airport, Bengaluru, Axiscades Technologies (Axiscades) said in a statement.
"The facility will be equipped with test bench laboratories, infrastructure for missile launchers, specialized equipment, and trained technical personnel to support MBDA's advanced systems engineering requirements," it said.
The agreement was signed on the sidelines of the ongoing Paris Air Show 2025 in France.
In May, Axiscades CEO and MD Alfonso Martinez said, "As we approach FY26, our priority is to capitalise on the opportunities in emerging sectors like manufacturing, MRO, chip-to-product and advanced defence technologies, including unmanned warfare, to bring about non-linear, product-led, ...

Homegrown Axiscades on Friday said it has signed an agreement with European missile systems major MBDA to set up a defence facility in Karnataka

With billions of YouTube videos at its disposal, Google has reportedly trained AI models like Veo 3 and Gemini using user-generated content without their awareness, approval, or compensation

Apple's first foldable iPhone could feature a 7.8-inch inner display, ultra-thin design, and dual cameras, with mass production expected in 2026

The panel report, tabled in March 2025, cited poor funding to key aviation bodies like AAIB and BCAS, and raised concerns over understaffing amid rapid expansion of India's airport network

Prime Minister Narendra Modi on Friday launched 28 development projects worth more than Rs 5,900 crore in Bihar's Siwan district.
Modi inaugurated the new VaishaliDeoria railway line project, built at a cost of over Rs 400 crore, and flagged off a new train service on this route.
Additionally, in a major boost to connectivity in north Bihar, Modi also flagged off the Vande Bharat Express between Patliputra (Patna) and Gorakhpur (Uttar Pradesh) via Muzaffarpur and Bettiah.
Further promoting the Make in India  Make for the World' initiative, Modi flagged off a state-of-the-art locomotive built at Marhowra plant for export to the Republic of Guinea.
The locomotive is equipped with high-horsepower engines, advanced AC propulsion systems, microprocessor-based controls, ergonomic cab designs, and regenerative braking.
In line with his commitment to conservation and rejuvenation of the Ganga, the PM inaugurated six Sewage Treatment Plants (STPs) under the Namami Gange project, worth over

Additionally, in a major boost to connectivity in north Bihar, PM Modi also flagged off the Vande Bharat Express between Patliputra (Patna) and Gorakhpur (Uttar Pradesh) via Muzaffarpur and Bettiah

The Mumbai Metropolitan Region Development Authority (MMRDA) on Friday presented a Rs 40,187 crore-budget for the megapolis.
Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement. The revenues have been estimated at Rs 36,939 crore, and the body chaired by Deputy Chief Minister Eknath Shinde will be borrowing Rs 22,000 crore.
This will result in a budget deficit of Rs 3,249 crore, which the body plans to bridge through land sales, issuance of bonds, financial assistance from the government, and loans from financial institutions, the statement said.
The ongoing metro line projects have been earmarked Rs 10,969 crore of expenditure in the new fiscal, which is a fourth of the overall expenditure..
Over Rs 5,697 crore have been allotted for multiple tunnel projects which are going across the megapolis, with Rs 2,684 crore earmarked for the four-lane road running under the Sanjay Gandhi National 

Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement

The Rajya Sabha on Thursday returned the Finance Bill 2025 to the Lok Sabha, along with 35 government amendments, including one that abolishes a 6 per cent digital tax on online advertisements, thus completing the 2025-26 budgetary exercise that started on February 1.
The House also returned the Appropriation Bill (3) with a voice vote.
Earlier in the day, Finance Minister Nirmala Sitharaman had moved the two bills in the House.
The Lok Sabha had passed the Finance Bill on March 25 and passed the Appropriation Bill on March 21.
Replying to the debate later in the evening, she said the tendency of the finance ministry would be to exercise caution and not let go of revenues.
"But, here we wanted to use this opportunity to show our respect for Indian taxpayer. We have moved towards setting Rs 12 lakh as threshold up to which no one will have to pay any tax," Sitharaman said.
The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 lakh crore, an increase of 7.4 per cent ov

The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 trillion, an increase of 7.4 per cent over the current fiscal

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ED seizes Raj Kundra's home, Nestle shares fall, Phase 1 polling & more

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