Parts of ICDS are struck down and held ultra vires by Delhi High Court This writ Petition was filed to seeks a declaration on the constitutional invalidity of section 145(2) of Income Tax Act, 1961. Through power...
High on fashion: Arvind to demerger branded apparel
Arvind Limited is engaged in the business textiles, fashions, engineering business and other business. The company is a leading fabrics and apparel supplier to world’s top brands and a prominent technical textiles...
Defaulting Promoters barred from being Resolution Applicants
The long time discussed subject of credibility of the resolution process under the Insolvency and Bankruptcy Code,2016, which is dependent on the sustainability of the Resolution Plan and credibility of the Resolution...
Adani Enterprises to demerge renewable energy business
ADANI Enterprises Ltd. (AEL) is primarily engaged in coal mining and trading, oil and gas exploration, ports and multi-modal logistics, power generation and transmission, gas distribution and edible oil and agro...
Amalgamation bell rings at Oricon Enterprises
Oricon Enterprises Limited (OEL), the flagship company of Parijat Enterprises is currently in real estate, marine logistics, packaging, petrochemicals and automobile dealership. The company’s equity shares are listed on...
Bajaj Electricals to revive manufacturing business of Hind Lamps Ltd.
In November 2015, the Board of Directors of Bajaj Electricals Ltd and Hind Lamps Ltd approved the scheme of arrangement for demerger of manufacturing business of Hind Lamps Ltd to Bajaj Electricals Ltd. Bajaj...
Global insurers on M&A prowl
Globally, the year 2017 has seen spurt of mergers and acquisitions in the insurance industry because of ongoing pressures of tepid growth in premiums, low interest rates and the burden of regulatory requirements. A...