
Ashwin Sheth Group's Rs 120 million giveaway with Kismat Ki Chaabi

NCLT Approves Adani Cementation Merger with Ambuja Cements
The National Company Law Tribunal (NCLT) has approved the merger of Adani Cementation into Ambuja Cements, clearing the way for the Adani Group to streamline its cement operations under a single entity. The Ahmedabad bench passed the order on 18 July, allowing Ambuja Cements to absorb all assets, operations, and liabilities of Adani Cementation effective from 1 April 2024.This consolidation includes project sites, licences, and ongoing developments, all of which will now be managed directly by Ambuja.As part of the merger, Adani Enterprises will receive 8.7 million equity shares of Ambuja Ceme..

Jio Financial Forms 50:50 JV with Allianz for Domestic Reinsurance
Jio Financial Services announced on Friday a 50:50 joint venture with Germany’s Allianz Group to establish a domestic reinsurance firm serving the Indian market. The JV was signed via Allianz’s wholly owned subsidiary, Allianz Europe BV, and will commence operations upon receiving the necessary statutory and regulatory approvals.Additionally, the companies have entered a non-binding agreement to create equally owned joint ventures for both general and life insurance businesses in India, according to Jio Financial’s statement.This collaboration aims to offer comprehensive protection solut..

Tata Motors Eyes Iveco Stake as Agnelli Family Considers Sale
Italy’s Agnelli family is reportedly in discussions over the potential sale of truck maker Iveco, with Tata Motors emerging as a possible buyer, according to three sources cited by Reuters. Two sources confirmed Tata Motors has approached Exor, the Agnellis’ investment firm, regarding its controlling stake in Iveco Group. The sale would exclude Iveco’s IDV defence division.Exor and Iveco declined to comment, while Tata Motors did not respond to requests for comment.Following the Reuters report, Iveco shares surged as much as 9.7 per cent on the Milan stock exchange, closing 8.3 per cent ..