Adani Wilmar's share fell nearly 36 percent this year, valuing the company at around $6.2 billion. Adani-linked companies had lost more than $150 billion in market value at one point after US-based short seller Hindenburg Research leveled fraud allegations against the business empire, which were denied by the conglomerate, according to Bloomberg.

In the email accessed by CNBC-TV18, Srinivas told the employees, “The new rules will increase our tax burden by as much as 350 percent-400 percent. As a business, one can prepare for a 50 percent or even a 100 percent increase, but adjusting to a sudden increase of magnitude means we need to make some very tough decisions.”

In an exclusive conversation with CNBC-TV18's Daanish Anand, Vinay Malhotra, the Head of Global Sales at Indigo, shared insights about this venture into Indonesia. He expressed immense enthusiasm regarding the new opportunity for travelers to experience Indonesia's pristine beaches and highlighted Jakarta's dual role as both the national capital and a bustling trade and commerce hub.

Bumble shares fell four percent on Tuesday after the dating app owner forecast lackluster third-quarter revenue and posted a jump in expenses