In a landmark ruling with wide-ranging implications for the real estate sector, the Supreme Court of India has drawn a clear distinction between speculative investors, whom it described as ‘slow poison’, and genuine...
Central Bank of India completes acquisition of stake in two Future Generali India Insurance companies
Central Bank of India (CBoI) on Thursday said it has completed acquisition of 24.91 per cent equity stake in Future Generali India Insurance Company Ltd (FGIICL) and 25.18 per cent equity stake in Future Generali India...
India’s recent M&A wave could expose firms to huge security risks: Okta’s Ben Goodman
Indian mergers and acquisitions (M&A) activity grew by 38 per cent in 2024, with 2,186 deals totalling $116 billion. However, mergers like those of the Air India-Vistara merger, Tesla and Tata Electronics, Reliance...
BiotechnologyChemicalEngineeringFood and beverageCross Border NewsCross-BorderThe Hindu Businessline
Zydus to acquire 2 biologics manufacturing units in U.S. from Agenus for $125 million
Zydus said the acquisition, through a subsidiary, will provide access to advanced biologics manufacturing capabilities and establish a key presence in the leading global biotechnology hub of California. Zydus...
RPs can now invite interim finance providers to CoC meetings – IBBI Amendments
The Insolvency and Bankruptcy Board of India (IBBI) has introduced significant changes to the corporate insolvency framework by notifying the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for...
Sterlite Power completes sale of transmission asset in Brazil
Sterlite Power announced that the sale process of Sterlite Novo Estado Energia S A (Novo Estado) to ENGIE Transmissão de Energia S A was concluded, with all precedent conditions met. In December 2019, ENGIE Brasil...
Cadila board okays transfer of animal healthcare business to subsidiary
Drug firm Cadila Healthcare on Wednesday said its board has approved the transfer of its animal healthcare business to its wholly-owned arm Zydus Animal Health and Investments Ltd (ZAHL) as part of its internal...
MCA panel’s scope on cross-border insolvency gets bigger
Committee to study Uncitral Model Law on ‘enterprise group insolvency’ The scope of work for the committee constituted to recommend rules and regulatory framework for the smooth implementation of cross-border insolvency...
Creditors of KSK Energy Ventures pass a resolution for its liquidation
The Committee of Creditors of independent power company KSK Energy Ventures Limited has recommended liquidation of the company after the failure to secure any resolution plan under the insolvency procedure. During a...
JSW Steel in quandary as Apex Court agrees to hear Bhushan Power promoter’s plea
Bankers agree to return JSW Steel money if it loses the case In a interesting twist, the Supreme Court had accepted the petition filed by Bhushan Power and Steel promoter Sanjay Singal against JSW Steel’s bid to take...
Currencycloud raises $80-million in Series E funding led by Visa, SAP venture
London-based start-up Currencycloud on Monday announced that it had raised over $80 million in Series E funding. The investment round was co-led by Visa and Sapphire, SAP’s venture capital arm, according to...
IndiGrid InvIT looking to buy four transmission assets for ₹7,000 crore
Assets will be located across West Bengal, Bihar, Assam, Haryana and Madhya Pradesh, says CEO Harsh Shah IndiGrid Infrastructure Investment Trust (InvIT) is looking to buy four transmission assets worth₹7,000 crore by...
