 "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 ...
 "India’s NFRA revises auditing standards to enhance accountability amid past frauds, gaining support from key financial regulators.")
The National Financial Reporting Authority (NFRA) has proposed new auditing standards for group audits in India, aiming to enhance the quality and thoroughness of these audits. This revision aligns with international standards to address the deficiencies observed in past audits of listed companies and public interest entities. NFRA emphasizes the group auditor’s responsibility and the ...
 "Airtel partners with Sparkle to enhance global connectivity, acquiring capacity in a submarine cable system linking India and Italy.")
Bharti Airtel has announced a new international partnership to enhance its global network by acquiring extra capacity on the upcoming Blue-Raman Submarine Cable System, which will link India to Italy. The agreement is with Sparkle, a leading Italian telecom provider, and aims to improve low-latency connectivity between Asia and Europe. This partnership will help Airtel ...
 "India’s largest supercomputer, featuring groundbreaking AI, will enhance digital infrastructure following a key India-UAE collaboration.")
Microsoft and G42, backed by Mubadala, are set to build India’s largest supercomputer, capable of performing eight exaflops, or millions of trillion floating-point operations per second. G42 India CEO Manu Jain announced this project, along with a new Hindi language AI model named NANDA, which allows users to communicate in Hindi, English, and Hinglish. This ...
 "Adani Group expands globally, launching subsidiaries in China and Kenya to enhance supply chain capabilities and airport operations.")
Adani Group is expanding its global footprint by establishing a new subsidiary in China called Adani Energy Resources (Shanghai) Co. (AERCL), which will focus on supply chain solutions and project management services. This new venture, registered on September 2, 2024, follows a similar move in Kenya with the formation of Airports Infrastructure PLC, aimed at ...
 "Sebi plans strict derivative rules to curb risky retail trading, increasing costs and limiting options to enhance market stability.")
India’s Securities and Exchange Board of India (Sebi) is set to introduce stricter rules for derivatives trading to protect retail investors from speculation risks. The new regulations will limit options contract expiries to one per exchange each week and raise the minimum trading amount to between Rs 15 lakh and Rs 20 lakh, increasing the ...
 "In a dramatic response to a tragic incident, India forms task forces to enhance safety for medical professionals amid ongoing violence.")
In response to the recent rape and murder of a trainee doctor in Kolkata, the Supreme Court of India has set up a 10-member National Task Force to address the safety and working conditions of medical professionals. The Union Health Ministry has now established four theme-based sub-groups to enhance medical infrastructure, security systems, and the ...
 "Verizon plans to acquire Frontier Communications for billion, aiming to enhance its fiber internet footprint and compete against rivals.")
Verizon is set to acquire Frontier Communications for $20 billion in an all-cash deal, announced on Thursday. This strategic move aims to expand Verizon’s subscriber base and enhance its competitive edge against rivals AT&T and T-Mobile, which offer extensive unlimited plans and bundled services. Verizon has proposed $38.50 per share for Frontier, a 37.3% premium ...
 "You.com secures M funding, totaling M, to enhance its AI-driven search and productivity tools amid fierce competition.")
You.com, an AI-driven search engine and productivity tool founded by Richard Socher, has successfully raised $50 million in funding, boosting its total to $99 million. The investment round was led by Georgian and included support from notable backers like Nvidia, Duck Duck Go, and Salesforce Ventures. As competition in the AI search Market intensifies with ...
 "Tata Consumer Products Unites Subsidiaries to Streamline Operations and Enhance Efficiency")
Tata Consumer Products Ltd (TCPL) has successfully merged its three wholly-owned subsidiaries—Tata Consumer Soulfull Pvt Ltd, NourishCo Beverages Ltd, and Tata SmartFoodz Ltd—following approval from the National Company Law Tribunal (NCLT). This merger, effective September 1, 2024, aims to simplify and streamline the company’s operations, unlocking efficiencies and synergies. Despite the consolidation, TCPL will maintain ...
