Reliance Infrastructure received a significant reprieve as the NCLAT stayed the insolvency proceedings initiated against it. This decision suspends the NCLT’s previous order from May 30, 2025, which admitted the...
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...
Aakash moves NCLT to implead EY, alleges conflict in Byju’s petition
In an impleadment application filed before the National Company Law Tribunal (NCLT), Bengaluru, on June 1, Aakash Educational Services Ltd (AESL) has requested the tribunal to either dismiss the company petition filed...
CCI Clears Major Stake Acquisitions in Indian Bank and Global Advertising Giant
The Competition Commission of India (CCI) has approved private equity firm Warburg Pincus’ acquisition of a 10% stake in IDFC First Bank via Currant Sea Investments BV, enabling significant growth. Additionally...
India outbound could be big: JP Morgan sees surge in global M&A ambitions among Indian firms
Echoing this view, Ravi Shankar, JP Morgan’s co-head of investment banking for India and head of the technology, media, telecom (TMT), and consumer & retail verticals, said capital markets are proving to be...
Rs 67,000 crore recovered under IBC in FY25, marking 42% YoY jump
In the financial year 2024-25 (FY25), creditors recovered over ₹67,000 crore from companies undergoing bankruptcy proceedings. This marked the highest-ever annual recovery under India’s Insolvency and Bankruptcy Code...
BPSL liquidation: Returning ₹19,350 crore won’t be enough to compensate JSW Steel
JSW Steel , in its review petition to the Supreme Court, is expected to highlight its financial losses that were borne out of the invalidation of its ₹19,350 crore insolvency resolution plan for Bhushan Power and Steel...
IPO-bound Imarticus Learning acquires edtech firm for $6m
Mumbai-based professional education firm Imarticus Learning has acquired a 100% stake in MyCaptain, an edtech platform, for 50 crore rupees (around US$6 million). This acquisition marks Imarticus Learning’s fourth...
IFB Agro to acquire Cargill India’s shrimp and fish feed biz
Kolkata, May 30 (PTI) IFB Agro Industries Ltd on Friday said its board has approved a proposal to acquire the entire commercial shrimp and freshwater fish feed business of Cargill India, marking a strategic move to...
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...
Corporate insolvency cases fall 28% to 724 in FY2025; recoveries still low: ICRA
Fewer companies went through the insolvency process under the Insolvency and Bankruptcy Code (IBC) in financial year (FY) 2025, according to the credit rating firm ICRA. As per the ICRA, only 724 companies were admitted...
CCI Approves Jumbotail’s Acquisition of Solv India; Multi-Party Equity Deal Cleared
The Competition Commission of India (CCI) has approved a complex, multi-layered proposed combination involving Jumbotail Technologies Pvt. Ltd. (JTPL), Standard Chartered-backed entities, and a network of investors and...
