In 2022, the Delhi HC set aside the ICC tribunal’s $562.5 m award of 2015, ruling that the 2005-era Antrix-Devas contract was fraudulent and violated India’s “public policy.” In January 2022, the Supreme Court affirmed the liquidation/winding up of Devas…
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Flipkart IPO: Flipkart is moving towards a public listing. Banks will be invited to pitch for work on its potential initial public offering as early as next month. The e-commerce giant, backed by Walmart, is gauging investor appetite for a…
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According to staffing firm Quess Corp, India has about 380,000 cybersecurity professionals against the enterprise demand of more than 1.2 million.
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IDFC First said it is implementing two new controls for government, banking and institutional accounts. Under the revised protocol, the bank will first send an email to the registered email ID of the concerned account holder and will clear the…
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Reliance Industries will partner with America First Refining to build the first new U.S. oil refinery in 50 years. The $300 billion project, planned for Brownsville, Texas, is hailed as the largest in U.S. history and a significant boost for…
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The Reserve Bank of India has updated bank capital rules, aligning them with global standards and clarifying how lenders assess trading partner default risk. New guidelines require banks to include trading-partner exposures from all consolidated entities. Updated ‘add-on’ percentages for…
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