Your SandeshBox for the week

Business

1. Mukesh Ambani has appointed his three children as non-executive directors on RIL's board, part of a succession plan as he looks to retire in the next 5 years. His wife is stepping down from the board.

2. OCCRP, a global group of journalists, has released a report corroborating allegations made by Hindenburg, which found stock price manipulation and questionable shareholding patterns. To get a better understanding, it's recommended to read TMC's articles on this complex issue.

3. SEBI has proposed that SEBI-registered entities should have no association, financial or otherwise, with unregistered "finfluencers." Registered intermediaries must actively disassociate themselves from unregistered entities using their name.

4. Dunzo has delayed the payment of outstanding salaries for employees who resigned or were laid off on or after June 1, 2023, with payments scheduled for the first week of October.

5. Uday Kotak has stepped down as Managing Director and CEO of Kotak Mahindra Bank, but will continue as a non-executive director of the bank.

India

1. A special government session is scheduled from September 18 to 22, though the reason remains undisclosed. Speculation suggests this could be related to the renaming of INDIA to BHARAT officially.

2. Sulphur presence confirmed in the moon's south pole region by Chandrayaan 3 indicates potential water ice or recent volcanic activity.

3. India introduces additional safeguards with a floor price of $1200 per tonne to limit rice exports, aiming to control domestic prices and prevent supply shortfalls.

4. The government has reduced LPG prices by Rs. 200 ahead of the 2024 polls.

5. ISRO's Aditya L1 mission is set to reach the closest point to the Sun in 125 days, with a 5-year mission lifespan to monitor and report data.

6. BRICS is expanding to include Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates as new members.

7. China's release of a new territorial map, including Aksai Chin and Arunachal Pradesh, has sparked controversy.

Global

1. Concerns arise over Rishi Sunak's wife's Infosys holdings in light of a proposed UK-India free trade agreement. Questions surround whether Infosys will benefit, given the agreement's looser visa regulations, and if Sunak acted in self-interest.

2. Chinese property developer Evergrande lost 80% of its market value, or $2.2 billion, upon resuming trading in Hong Kong after a year and a half, amid China's real estate crisis.

3. Flannery Associates, backed by Silicon Valley investors, has quietly purchased $800 million worth of land with plans to build a utopian new town.

4. Subway has been sold to Dunkin' owner Roark Capital for over $9 billion.

5. Gabon experiences a military coup following an election marred by tampering and intimidation, shedding light on France's role in supporting the 'elected' president's family for over 50 years which is facing criticism across Africa.

6. Hacker group 'Anonymous Sudan' temporarily took down Twitter in several countries to pressure Elon Musk to launch Starlink in Sudan, raising suspicions of Russian involvement.

Sports & Culture

1. Olympic champion Neeraj Chopra made history by becoming the first Indian to win a gold medal in the World Athletics Championships.

2. The India-Pakistan Asia Cup match was canceled due to rain.

3. Viacom18 (JioCinema) secured TV and digital rights for the Indian cricket team's home matches for the next five years for approximately Rs 6,000 crore.

4. Max Verstappen became the first ever F1 Driver to win 10 Grand Prix races in a row.

Others

1. Over 500 flights were canceled in the UK due to a "technical glitch" crippling the air traffic control system.

2. The El Niño phenomenon caused the driest August in India in over a century, impacting food prices as harvests are delayed.