Mitsubishi Acquires 30% of TVS Mobility’s New Entity
Mitsubishi Corporation, the Japanese conglomerate, has entered into a strategic partnership with TVS Mobility, one of India’s leading automobile dealerships, to acquire 30% stake in its new entity, TVS Vehicle Mobility Solution Ltd (TVS VMS). The deal was announced on February 19, 2024, and is expected to close by March 31, 2024. TVS VMS is […]
Sony Joins Prime Video to Launch Stream in India
Sony Pictures Entertainment has partnered with Prime Video India to launch a new OTT service called Sony Pictures – Stream. The service will offer international movies, popular TV shows, and content from SonyLIV and Crunchyroll India on Prime Video Channels. The service is available at an introductory price of Rs 399 per year. Sony Pictures […]
IEPFA and DBS Bank: MoU against Investment Fraud
Investment fraud is a serious threat to the financial well-being of millions of investors in India. To combat this menace, the Investor Education and Protection Fund Authority (IEPFA) under the Ministry of Corporate Affairs (MCA) has joined hands with DBS Bank, a leading financial institution in Asia and Southeast Asia, to spread awareness on investment […]
Mehul Choksi’s Gitanjali Gems liquidation: NCLT
The National Company Law Tribunal (NCLT) has ordered the liquidation of Gitanjali Gems, a jewellery retailer promoted by absconding diamantaire Mehul Choksi, under Section 33 of the Insolvency and Bankruptcy Code, 2016 (IBC, 2016). The order was pronounced on February 7, 2024, by a division bench consisting of Judicial Member Kuldip Kumar Kareer and Technical […]
UIDAI Confirms: No Aadhaar Number Cancelled
UIDAI, the Unique Identification Authority of India, has issued a clarification that no Aadhaar number has been cancelled and that it is updating the Aadhaar database to maintain its accuracy. The statement comes amid allegations by West Bengal Chief Minister Mamata Banerjee that the BJP-led central government has deactivated Aadhaar cards of people in the […]