Tata Group, through Tata Power, is reportedly in discussions to acquire the remaining shares of Resurgent Power Ventures Pte from ICICI Venture Funds Management Co., Kuwait Investment Authority, and Oman Investment Authority. The deal values Resurgent at approximately $2.1 billion,…
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The Delhi High Court has restricted Patanjali Ayurved from broadcasting derogatory advertisements against Dabur India. This decision follows Dabur India’s petition concerning television commercials about Chyawanprash. Dabur India alleges that these commercials disparage its products. The court has granted Dabur’s…
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India’s services sector surged to a ten-month high in June, powered by resilient demand and easing cost pressures, the HSBC India Services PMI showed. But as growth holds firm, business confidence weakens—raising a key question: Can India sustain momentum amid…
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SBI has classified Reliance Communications’ loan account as fraud, citing diversion of funds and misuse of invoices. Anil Ambani’s legal team expressed shock, claiming procedural lapses and incomplete information. SBI maintains it followed due process, issuing notices and considering the…
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Reliance is restructuring to consolidate its FMCG brands, including Campa and Independence, into a new entity, New Reliance Consumer Products Ltd, a direct RIL subsidiary. This strategic move aims to attract specialized investors and provide focused attention to the rapidly…
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IL&FS has filed a plea seeking to reverse the sale of its iconic BKC building to Brookfield, alleging non-compliance with bid conditions. The insolvent financier claims Brookfield’s unit, Chronos, failed to renew a ₹108-crore performance guarantee, rendering the letter of…
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