Reliance Capital acquisition: IIHL to acquire debt-ridden Anil Ambani company by February 26; NCLT accepts plea

IndusInd International Holdings Limited (IIHL) is set to acquire Anil Ambani’s debt-laden company Reliance Capital by February 26, 2025, following the National Company Law Tribunal’s (NCLT) approval of the company’s request, according to a report. During a recent hearing, IIHL confirmed the submission of all definitive documents and the achievement of financial closure necessary for…

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Rising Debt, Revenue Concerns, and Expenditure Management Challenges

Kolkata: As West Bengal prepares for its budget presentation for the financial year 2025-26, the state faces significant financial challenges, including mounting debt, revenue constraints, and concerns over expenditure management. On Wednesday, West Bengal Minister of State for Finance (Independent Charge) Chandrima Bhattacharya will present the state budget in the Assembly, addressing these pressing economic…