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…

Elon Musk: ‘It’s not optional, it’s essential’: Elon Musk warns US will go ‘bankrupt’ without cuts

Elon Musk has warned that the United States will go “bankrupt” without drastic budget cuts, as he leads the charge to slash federal spending under President Donald Trump‘s administration.Speaking at the White House on Tuesday alongside Trump, the tech billionaire emphasised that reducing government expenses is not just an option but a necessity.“It’s not optional,”…