Adani Group Chairman Gautam Adani, nephew Sagar Adani, and senior executive Vneet Jaain are clear of any bribery charges as per the US Department of Justice (DoJ), according to the latest filing with the stock exchanges by a group company, Adani Green Energy Ltd. (AGEL).

In its filing, AGEL has cited the news reporting by various media houses on the bribery and corruption charges against Adani Officials as ‘Incorrect’.

“Media articles which state that certain of our directors namely Mr Gautam Adani, Mr Sagar Adani and Mr Vneet Jaain have been charged with violation(s) of the US Foreign Corrupt Practices Act (FCPA) in the indictment. Such statements are incorrect,” said the statement filed by Adani Green Energy Ltd.

“Mr Gautam Adani, Mr Sagar Adani and Mr Vneet Jaain have not been charged with any violation of the FCPA in the counts set forth in the indictment of the US DOJ or civil complaint of the US SEC,” it added.

The Indian real estate sector is set to cross $4.8 trillion in market size by 2047, contributing over 18 per cent to the projected $26 trillion GDP target for the year, according to a joint report by real estate body CREDAI and Ernst & Young released on Tuesday.

The report expects PropTech to grow at a sustained rate to touch $600 billion in market size by 2047, comprising approximately 12-13 per cent of the entire real estate industry. The study backs the ongoing and projected technological revolution in real estate, given that currently, PropTech makes up less than 5 per cent of the $300 billion real estate sector.

The report highlights how innovations like Artificial Intelligence (AI), the Internet of Things (IoT), and Building Information Modelling (BIM) are revolutionising operations, enhancing efficiency, and ensuring transparency across the real estate value chain. This transformation supports India’s projected $26 trillion GDP by 2047, with the real estate sector projected to contribute over 18 per cent, up from its current 7 per cent share of the GDP.

Employing over 77 million people - approximately 14-15 per cent of India’s entire workforce - India’s real estate sector has consistently been a key economic pillar and is set to grow in prominence over the next decade, the report states

Global foldable smartphone shipments declined 1 per cent in the third quarter this year -- its first-ever Q3 decline -- as Samsung reclaimed the top spot with a 56 per cent market share, a report said on Tuesday.

The global foldable market appears to have entered a transitionary phase where it is facing challenges as it progresses from a niche segment to the mainstream, according to Counterpoint Research.

“User satisfaction is particularly high with book-type foldable devices, but the prohibitively high prices remain the biggest obstacle to mass adoption,” said senior analyst Jene Park.

If manufacturers give serious consideration to improving price accessibility, along with achieving further technological reliability and enhancing consumer perceptions, this phase can be overcome, Park added.

Independent telecom tower companies in India are likely to spend Rs 21,000 crore over fiscals 2025 and 2026 to support the telecom companies in expanding rural networks and improving service quality in urban areas, a report showed on Tuesday.

The push for better coverage and connectivity, along with rollout of 5G, had driven a Rs 23,000 crore capital expenditure (capex) over the past two fiscals as well, said the CRISIL Ratings report.

“The industry witnessed robust addition of towers in the past two fiscals to support 4G and 5G services. Now that the major rollout of 5G services is done, network capex of telcos is expected to decrease gradually,” said Anand Kulkarni, Director, CRISIL Ratings.

India's domestic air passenger traffic registered a 5.3 per cent increase to reach 1.36 crore in October, from 1.26 crore in the same month last year, according to data compiled by the Directorate General of Civil Aviation (DGCA).

Leading airline IndiGo flew 86.40 lakh passengers during the month with a market share of 63.3 per cent, followed by Tata Group’s Air India and Vistara, which carried 26.48 lakh and 12.43 lakh passengers, respectively.

Air India, including Air India Express, recorded a market share of 19.4 per cent, while Vistara, which has now merged into Air India, accounted for 9.1 per cent market share.

Troubled low-cost carrier SpiceJet flew 3.35 lakh passengers while Akasa Air, transported 6.16-lakh passengers during October. The two airlines registered market shares of 2.4 per cent and 5.4 per cent, respectively.

A Moscow court fined Telegram Messager 7 million rubles (about $67,300) for refusing to remove information banned in Russia, the court press service said.

Telegram was found guilty of committing an administrative offence for failing to restrict access to information when such restriction is required by Russian law, the court said in a statement, news agency reported.

The court did not specify the prohibited information that led to the fine. Last month, Telegram was fined 4 million rubles for a similar offence.

With approximately 900 million subscribers, Telegram is now one of the world's leading messaging platforms and influential in Russia.

Samsung Electronics is expected to go through a major personnel reshuffle this week at the earliest as part of efforts to overcome its sluggish business performance, industry sources said on Tuesday.

The Korean tech giant began laying off some of the executives in charge of the chips business at its device solutions unit on Monday and will likely announce the list of new presidents as early as Wednesday, according to the sources, who spoke on condition of anonymity, reports news agency.

Samsung Electronics usually makes a reshuffle in early December but is expected to move up the schedule to better respond to the current crisis and prepare for the future.

The previous day, Samsung chief Lee Jae-yong said he is aware of the concerns surrounding the company's future and his company will "overcome these challenging times even as the current situation is more difficult than ever."

Shashikant Ruia, billionaire and Co-founder of the Essar Group, has passed away at age 81, the global conglomerate said on Tuesday.

“It is with profound grief that we inform of the passing of Shri Shashikant Ruia, Patriarch of the Ruia and Essar Family. He was 81. With an unwavering commitment to community upliftment and philanthropy, he touched millions of lives leaving an enduring impact,” the Ruia and Essar Family said in a statement.

“His humility, warmth, and ability to connect with everyone he met, made him a truly exceptional leader. An iconic industrialist, Shri Shashikant Ruia, Chairman, Essar Group, played a significant role in redefining India's corporate landscape,” they added.

He laid the foundation of the Essar Group and made it a global conglomerate.

Maruti Suzuki India Ltd (MSIL), India’s leading car maker, has achieved the milestone of having completed the export of 3 million vehicles.

The 3 millionth landmark vehicle was part of a shipment of 1,053 units that sailed from Gujarat’s Pipavav port on Sunday, comprising models like Celerio, Fronx, Jimny, Baleno, Ciaz, Dzire and S-Presso, according to a company statement on Monday.

Maruti Suzuki MD & CEO Hisashi Takeuchi said: "Our exports from India have grown by 3 times from 4 years ago. Inspired by this global demand, Maruti Suzuki is determined to diversify and ramp up vehicle exports to 7.5 lakh units by 2030-31."

Hiring in the Indian tech sector rebounded in the second quarter (Q2) this fiscal, with demand for entry-level talent making up 59 per cent of job listings, according to a report on Monday.

Global edtech company Great Learning saw 43 per cent increase in job postings on its career support platform, GL Excelerate, during the July-September period.

The platform connects recruiters with top-tier talent across key sectors such as data science, artificial intelligence, cybersecurity, digital marketing, cloud computing and management.

After a year-long lull, the tech sector is rebounding with a renewed focus on hiring fresh graduates.