The National Company Law Tribunal in Mumbai has dismissed the Bank of Maharashtra’s application to initiate insolvency resolution proceedings against the personal guarantors of Gopal Krishna Oil Tech Industries Pvt. Ltd...
Dentsu looks to step up India play with tech, AI acquisitions
Japanese advertising giant Dentsu sees India as vital not just for its revenue potential but also for its contributions to technology and innovation, and to support its growth strategy, the company is considering...
NIIF gets CCI’s clearance to acquire additional stake in Ather Energy
The Competition Commission of India has approved the National Investment and Infrastructure Fund’s (NIIF) proposal to acquire an additional stake in Ather Energy. The deal was cleared by the competition watchdog...
Suzlon Energy acquires 51% stake in Renom Energy
Suzlon Energy on Friday announced that the company has completed the acquisition of 51 per cent of the equity share capital of Renom Energy, as of September 6. The company further informed that with the said...
NCLT dismisses Bank of Maharashtra’s plea against personal guarantors of Gopal Krishna Oil Tech Industries
The National Company Law Tribunal in Mumbai has dismissed the Bank of Maharashtra’s application to initiate insolvency resolution proceedings against the personal guarantors of Gopal Krishna Oil Tech Industries Pvt. Ltd...
Merger of NBFCs: Caspian Debt to merge with BlackSoil Capital
Two of India’s Non-banking Financial Companies (NBFCs), BlackSoil Capital, an alternative credit provider, and Caspian Impact Investments (Debt), an impact investment lender, on Thursday announced that they have...
Britannia in talks to buy northeast’s Kishlay Foods
Britannia Industries is in talks to acquire a controlling stake in Kishlay Foods, a Guwahati-based maker of western and ethnic snacks, biscuits, sweets, potato chips, noodles and tea, at a valuation of `600- 700 crore...
Go First insolvency case: NCLT asks promoters to file reply on liquidation in 3 weeks
Corporate dispute tribunal NCLT has asked the suspended board of grounded airline Go First to file a reply within three weeks over the liquidation of the debt-ridded firm. A two-member bench of the Delhi-based National...
Hindujas’ acquisition of RCap hits tax dues hurdle
Hinduja-owned IndusInd International Holdings’ (IIHL) ₹9,861-crore acquisition of Anil Ambani-promoted Reliance Capital has hit another roadblock, with the Mauritius based company saying the final payment to...
CCI approves Canadian pension fund’s additional stake buy in Highway Infrastructure Trust
Fair trade regulator CCI on Tuesday cleared Canada-based Ontario Teachers Pension Plan Board’s proposal to acquire additional unitholding in Highway Infrastructure Trust. “CCI approves additional acquisition...
NCLT seeks Go First response on CoC decision to liquidate company
The National Company Law Tribunal (NCLT) on Tuesday issued a notice to the suspended management of grounded budget carrier Go First, seeking its response to the Committee of Creditors’ (CoC) decision to liquidate...
Indian govt proposes to sell up to 6.8% stake in insurer GIC
The Indian government has proposed to offload a stake of about 6.8% in General Insurance Corp of India (GIC), an exchange filing showed on Tuesday. The sale will made at a floor price of 395 rupees per share, as per the...
