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Baba Ramdev-led Patanjali Ayurved on Friday said it has secured a ₹3,200-crore loan from a consortium of lenders led by the SBI, to fund its ₹4,350-crore acquisition of Ruchi Soya through the insolvency process. Of the amount, the SBI loaned ₹1,200 crore to Patanjali. Ruchi Soya, which owns brands like Nutrela, owed more than ₹12,000 crore to its creditors.

Finance Minister Nirmala Sitharaman said on Saturday that India will invest $1.39 trillion over the next five years in a series of infrastructure projects. "Before December 15, we will be able to announce frontloading of at least ten projects," she said. India's Gross Domestic Product (GDP) slowed to 4.5% in the July-September quarter - its weakest pace since 2013.

Nissan Motor, Renault and Mitsubishi Motors will form a new company that will focus on R&D of advanced automotive technologies while also strengthening the alliance, Kyodo News reported. The three firms will appoint a general secretary to the helm of their partnership to boost cooperation and reboot joint operations. Carlos Ghosn, ex-chief of the alliance, was arrested in 2018.

Billionaire Warren Buffett's Berkshire Hathaway was outbid by a private equity firm to buy American technology products distributor Tech Data Corp, CNBC reported. Apollo Global Management's $145-a-share bid topped the $140-per-share offer made by Berkshire, which is looking to spend its cash pile of $128 billion. Apollo reportedly had to raise its previous $130-per-share bid because of Berkshire.

Finance Minister Nirmala Sitharaman has said that 12 global firms have shown interest in shifting their base from China to India, amid the US-China trade war. She added that a task force, set up to contact such firms, has spoken to and understood the expectations of these companies. India recently cut its corporate tax rates to spur economic growth.

After India pulled out of the Regional Comprehensive Economic Partnership (RCEP), Commerce Minister Piyush Goyal has said the country will no longer negotiate any free trade deals "on the back foot". He added, "No more will India stand with weak knees...It plays on the front foot." Goyal further said that domestic interest and industry is paramount when making such deals.

Indian aviation regulator DGCA has reportedly told IndiGo that its pilots revving the engines on Airbus A320neo at full thrust right after takeoff may have caused issues that led to mid-flight shutdowns. In contrast, GoAir, which uses the same type of Pratt & Whitney engine, reportedly uses an alt-climb approach that applies less thrust and reduces stress on the engine.

The total sales of India's largest carmaker Maruti Suzuki declined by 1.9% in November to 1,50,630 units. The automaker had sold 1,53,539 units in the same month last year. While its overall domestic passenger vehicle sales fell 3.3% year-on-year, Maruti Suzuki India's compact vehicles segment, which includes cars like Swift, DZire and new WagonR, witnessed a growth of 7.6%.

Daimler, the owner of Mercedes-Benz, has said that it is cutting at least 10,000 jobs worldwide over the coming three years, amid a slowdown in the automotive industry. The German automaker plans to cut staff costs by $1.5 billion by 2022, in order to develop electric vehicles. The cuts would account for over 3% of roughly 3,00,000 employees at Daimler.

India's fourth-largest private sector lender Yes Bank has approved the issue of shares worth $2 billion, or over 80% of its market value, to institutional investors, wealth managers and family offices. As part of the plan, the bank is in talks to sell shares worth $1.2 billion to Canada's Erwin Singh Braich and Hong Kong-based SPGP Holdings, which he backs.

Microblogging platform Twitter's Co-Founder and CEO Jack Dorsey has said that he plans to move to Africa for up to six months next year. Dorsey began travelling Africa on November 8 and visited Ethiopia, Ghana, Nigeria and South Africa. The 43-year-old billionaire, who is also the CEO of payments company Square, had meetings with entrepreneurs on the continent.

A former trader at BNP Paribas' US investment banking unit won $1.4 million in an unfair-dismissal lawsuit after being fired for a one-day $19-million loss. A Paris appeals court said Lionel Crassier was unduly punished twice by BNP. It ruled that BNP unfairly fired him after it already sanctioned him for the trading loss by recalling him from New York.

Canadian industrialist Erwin Singh Braich, who offered to invest $1.2 billion in Yes Bank along with a company he backs, controls the Braich Group of Companies and Trusts. He's the son of Herman Singh Braich, who immigrated from Punjab to Canada in 1927. When he was 20, Braich took control of his father's businesses after he passed away in 1976.

Industrialist Rahul Bajaj told Union Ministers Amit Shah, Piyush Goyal and Nirmala Sitharaman that one was able to abuse anyone during the UPA-2 regime. "You're doing a good job. Despite that, we don't have confidence that you'll appreciate us if we openly criticise you," Bajaj added. Shah replied saying the government tries to improve depending on the merits of criticism.

Industrialist Rahul Bajaj told Union Ministers Amit Shah, Piyush Goyal and Nirmala Sitharaman that they will not like the fact that he was named by Jawaharlal Nehru. "It's difficult for me to praise anybody. I was born anti-establishment," he said. Bajaj added that there is an environment of fear and intolerance which none of his industrialist friends will talk about.

A woman tweeted to Mahindra Group Chairman Anand Mahindra complaining about mechanics of a Mahindra service centre in Noida staring at her. "All the...mechanic guys stand outside in the morning and stare, smile and sometimes whisper among them. Many times I don't feel comfortable," the woman wrote. "I will have this looked into," Mahindra responded.

Several Bengaluru hotels and restaurants have removed onion dosa from their menus as the staple is being sold between ₹80 and ₹120 per kilogram. Bruhath Bangalore Hotel Association's Treasurer V Kamat told ANI, "We have reduced onion usage." He added, "Fine-dines can raise rates of food items, but those who eat at middle-class eateries feel the pinch if prices rise."

Former Finance Minister P Chidambaram on Saturday said the GDP growth in the third quarter will be worse than the 4.5% recorded in second quarter. "As predicted widely, GDP growth in Q2 has come lower at 4.5%. Yet the Government says 'All is well'," Chidambaram said. India's second-quarter economic growth was the lowest in 26 quarters.

Numerous French activists blocked an entrance to an Amazon warehouse in the south of Paris to protest against the environmental impact of consumerism. Protestors claimed that with the Jeff Bezos-led platform's accessibility, more consumers are buying products and this is leading to a greater amount of carbon and other greenhouse gases emissions. Activists aimed to disrupt Black Friday sales.

Japanese billionaire Yusaku Maezawa, the 44-year-old Founder of online fashion shopping site Zozo, shared a video of his passbook update after his sale of a stake in the platform to SoftBank Group. The video showed a bank balance of around 100 billion yen ($900 million), updated on November 25. Maezawa, whose stake is now reduced to 18%, said, "It's nerve-wracking!"

Intel accused chipmaker Qualcomm of "anticompetitive behaviour" in a court filing, alleging that it resulted in a "multi-billion dollar" loss in the sale of the majority of Intel's smartphone modem business to Apple. Intel noted that it counts itself among the list of "competitors [Qualcomm] forced out of the modem chip market." Apple had bought the business for $1 billion.

Vodafone Idea on Sunday said it will raise mobile calls and data charges effective from December 3. With the revised charges, users will have to pay more for the prepaid plans. The company has announced new plans for prepaid products and services with 2 days, 28 days, 84 days and 365 days of validity.

The gross GST revenue collected in November this year stood at ₹1,03,492 crore, the government said on Sunday. This is the third-highest monthly collection since the introduction of GST, next only to April 2019 and March 2019 collections. After two months of negative growth, GST revenues saw a 6% recovery in November 2019 over November 2018, the government added.