Vedanta demerger gets nod from majority of creditors, including SBI: Official

Mining conglomerate Vedanta Limited has received approvals from the majority of its creditors for a proposed demerger of businesses, marking an important step in the company's plan to split into......

Hinduja group firm gets conditional nod to acquire RCap

Insurance sector regulator IRDAI has given conditional approval to Hinduja Group firm IndusInd International Holdings Ltd (IIHL) for the takeover of debt-ridden Reliance Capital. Photograph: Kind......

Getting future-ready: Govt may tweak IBC to factor in climate change

The government is contemplating changes to the Insolvency and Bankruptcy Code (IBC) to deal with environmental claims and liabilities of defaulting companies to make the law future-ready and meet......

Jet Air's ownership to be transferred to Jalan Kalrock

Insolvency appellate tribunal NCLAT on Tuesday upheld the resolution plan of grounded carrier Jet Airways and approved the transfer of its ownership to Jalan Kalrock Consortium. Photograph: Amit......