 "Aditya Birla Capital secures RBI approval for merging with its subsidiary, poised to enhance capital adequacy and streamline operations.")
Aditya Birla Capital Ltd (ABCL) has received approval from the Reserve Bank of India (RBI) for merging its wholly owned subsidiary, Aditya Birla Finance Ltd (ABFL), into itself. This merger aims to create a larger and more efficient non-banking financial company. ABFL is classified as an upper layer NBFC and is required to be listed ...
Uttar Pradesh Minister O.P. Rajbhar recently defended law enforcement actions in the state, stating that police fired in self-defense during a recent encounter in Sultanpur. He rejected accusations from Samajwadi Party chief Akhilesh Yadav, who claimed the BJP government made UP the “capital of fake encounters.” Rajbhar emphasized that officers cannot respond with flowers when ...
During the April to July period, the growth of central government capital expenditure (capex) was sluggish, with an overall spending of only 24%. However, several ministries excelled, notably housing, roads, railways, health, and atomic energy, which all exceeded average spending rates. In contrast, the Department of Telecommunications spent just 1%, a significant drop from the ...
 "Post-pandemic, investors have gained sophistication, boosting the wealth management industry, especially in India, as capital market participation surges.")
Shiv Gupta, the founder and CEO of Sanctum Wealth, shares insights on the evolving wealth management industry in the Asia-Pacific region. Following the pandemic, investors have become increasingly sophisticated, contributing to a rise in capital Market participation and risk-taking. Gupta highlights the tremendous growth of the wealth management sector, especially in India, which is emerging ...
 "Delays Threaten IIHL’s Acquisition of Reliance Capital Amid Regulatory Hurdles")
Lenders to Reliance Capital Ltd have accused IndusInd International Holdings Ltd (IIHL) of delaying the resolution plan for the struggling financial firm. IIHL, which was approved to acquire Reliance Capital with a Rs 9,861-crore plan, has yet to receive necessary approval from the Department of Industrial Policy and Promotion (DIPP). This approval is needed because ...
