Centene Corp said it has agreed to divest two of its pharmacy businesses for about $2.8 billion, in line with the heath insurer’s strategy to exit the pharmacy benefit management space. In 2021, Centene had to...
Legal & General agrees $300 mln pensions deal with Newell Rubbermaid
Legal & General has agreed a 225 million pound ($296.42 million) bulk annuity deal with Newell Rubbermaid UK Pension Scheme, the British insurer said on Friday. L&G is one of the biggest players in the UK bulk...
Mumbai Angels, IIM Udaipur Incubation Center invests ₹4 Cr in Pre-Series A round in LegalKart
Mumbai Angels, an early-stage startup investment platform, on Friday said it has invested in legal-tech startup LegalKart as part of the startup’s pre-series A round along with IIM Udaipur Incubation Center. Founded in...
Future Retail asks court to declare arbitration with Amazon illegal
India’s Future Retail has asked a New Delhi court to declare ongoing arbitration proceedings with Amazon.com illegal, saying the country’s antitrust agency had suspended a 2019 deal, which Amazon used to...
NCLAT’s stay on the Videocon Resolution plan turns the clock back, say legal experts
The recent order of the National Company Law Appellate Tribunal (NCLAT) to stay the operation of the tribunal’s ruling in Videocon Industries Ltd (VIL) insolvency resolution process may turn the clock back for the...
Centre seeks legal opinion to let BPCL sell subsidised LPG after stake sale
A two-decade-old LPG supply order restricting supply of domestically produced LPG to only state-owned oil companies has stymied plans to allow Bharat Petroleum Corporation Ltd (BPCL) to continue selling subsidised...
Rebid plan for RCom assets likely to face legal hurdles
A proposal by lenders to Reliance Communications Ltd (RCom) to seek fresh bids despite selecting UV Asset Reconstruction Co. Ltd’s (UVARCL) resolution plan could lead to prolonged litigation, said three legal experts. A...
Jaypee case: Suraksha objects to scheduled CoC meet to discuss NBCC offer; warns of legal action
Realty firm Suraksha group on Sunday strongly objected to the creditors’ panel of bankrupt-Jaypee Infratech to consider fresh submissions by NBCC and warned of appropriate legal action against lenders as well as...
Bunge’s deal to buy Brazil soy plants comes undone amid legal wrangle
Bunge’s agreement to buy two soy-processing facilities in Brazil has been cancelled amid a protracted, multi-jurisdictional legal battle involving Imcopa, the seller of the assets, according to documents related to the...
FRL to explore legal recourse after Delhi HC directs status quo in Future-Reliance deal
Future Retail Ltd (FRL) on Tuesday said it will explore all legal remedies to pursue its Rs 24,713-crore deal with RIL following a Delhi High Court order directing status quo to be maintained till the court pronounces...
No relief to Future Retail from Amazon’s legal moves
The Delhi High Court dismissed a plea by Future Retail Ltd (FRL) asking it to stop Amazon from ‘interfering’ in a proposed sale of Future Group assets to Reliance Retail. It also said Reliance Retail’s plan...
Future Group, Amazon pick legal nominees for Singapore Arbitration Panel
The Singapore International Arbitration Centre (SIAC) will consider next week the nominees proposed by Amazon and Future Group for the panel that will adjudicate the dispute between them. Amazon has suggested Brussels...