COMPLETELY SEPARATE LEGAL ENTITY

Reliance Industries' shares will be in focus following the completion of the Viacom18-JioCinema-Disney merger, valued at Rs 70,352 crore. The joint venture, controlled by RIL, aims to consolidate media assets and create India's largest integrated me...

Reliance Industries Limited, Viacom18, and The Walt Disney Company have finalized the merger of Viacom18's media and JioCinema businesses with Star India. The newly formed venture, valued at approximately US$8.5 billion, brings together popular bran...

The National Company Law Appellate Tribunal gave Infrastructure Leasing and Financial Services more time to resolve issues with 58 entities. The tribunal extended the deadline to March 31, 2025. IL&FS had said that the resolution process was in an a...

Air India and Vistara have officially merged, creating a larger airline under the Air India brand. Singapore Airlines, previously invested in Vistara, now holds a 25.1% stake in the expanded Air India group. The merger creates a stronger presence fo...

Chief Justice DY Chandrachud's two-year tenure concludes on November 10, 2024, leaving a legacy of judicial modernization. His term saw the implementation of virtual hearings and landmark judgments, including the Ayodhya Temple verdict, the decrimin...

The regulator has proposed changes to how the Recovery Expense Fund is used, which supports debenture recovery processes and suggested to standardize the format of Debenture Trust Deeds to streamline documentation.

RERA: A retired Major had to chase the builder for 9 years in order to get occupancy (OC) and completion certificate (CC). Apart from this issue, the builder violated other laws like charged separately for parking space, etc. So the retired Major de...

The apex court also overturned the order that closed the insolvency proceedings against Byju’s parent Think & Learn Pvt Ltd, following the settlement with BCCI. This provides relief to US lender Glas Trust Co. LLC, the trustee for lenders owed $1.2 ...

India is introducing a voluntary group insolvency framework under the Insolvency & Bankruptcy Code to streamline the resolution of interconnected entities within a corporate group. Initially, it will exclude solvent companies and multinational group...

The merger of Vistara and Air India on November 11 will combine best practices while retaining Vistara's livery temporarily. Challenges like aircraft repainting and service quality are addressed, with reassurance of premium passenger experience post...

Manchester City and the Premier League are embroiled in a legal dispute over Associated Party Transaction rules. Both parties are likely to lose in the end. The outcome could affect sponsorship deals and financial regulations within the league. This...

A senior bureaucrat from the UP health department drowned in the Ganga after divers demanded ?10k for a rescue. His friends attempted a UPI transfer, but it was too late. This incident highlights how transactional our society has become, valuing mon...

The NGP is designed to govern “space activities” carried out by Indian entities from within the Indian Territory, which includes a wide range of activities ranging from operation of space objects to space transportation including launches.

Big Tech corporations like Google started out in much the same way. Originally conceived as a free internet search engine for the masses, Google quickly set up a programmatic advertising platform that promised a more targeted and effective promotion...

Members of the promoter family of Godrej Industries Group, including Nadir Godrej and the children of his brother Adi Godrej, have taken control of flagship firm Godrej Industries Ltd (GIL) with a 64.66 per cent stake under the settlement agreement,...

"Today, Credit Suisse AG has been deregistered in the Commercial Register of the Canton of Zurich," UBS said in a statement on Friday. It "has ceased to exist as a separate entity." The merger is an important next step in the task faced by UBS to se...

Tata Consumer Products, led by N. Chandrasekaran, highlights a milestone year in its 2023-24 annual report. Completing the amalgamation of Tata Coffee, integrating brands like Tata Soulfull and NourishCo, and acquisitions like Capital Foods and Orga...

Under the proposal, a vertical demerger of Madura Fashion and Lifestyle business will be executed and newly incorporated company named as Aditya Birla Lifestyle Brands Ltd will be listed separately on completion of the demerger from ABFRL. ABFRL pla...

Aster DM Healthcare has finalized the separation of its India and Gulf (GCC) businesses. A consortium led by Fajr Capital acquired a 65% stake in Aster GCC, while the Moopen family retained 35%. In India, the family holds a 41.88% stake. The separat...