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A company law appeals court has rejected Vedanta Ltd’s challenge to Gautam Adani’s group winning bid for bankrupt firm Jaiprakash Associates Ltd (JAL). The National Company Law Appellate Tribunal found no merit in Vedanta’s petitions, upholding the Committee of Creditors’ decision to favor Adani’s ₹14,535-crore bid. JAL entered insolvency proceedings after failing to pay over ₹57,000 crore in bank dues.Read More

Citibank has appointed Raj Rathi as its new head of mergers and acquisitions in India. This appointment is effective from June 2026. Rathi will lead Citi’s M&A operations in India. He will focus on advising on significant transactions. He will also work to enhance client relationships in key sectors. Rathi previously worked at Dream Sports.Read More

Ambuja Cements announced strong March quarter earnings. Net profit surged over 37 percent year-on-year. This growth was significantly boosted by a substantial tax credit. Sales volume reached an all-time high, alongside record revenue. The company noted ongoing cost pressures from fuel and packaging. These challenges are expected to persist into the first half of FY27.Read More

Federal Bank is acquiring Standard Chartered’s credit card portfolio, gaining a high-quality, younger customer base with strong credit scores. The deal presents significant cross-selling opportunities for Federal Bank to expand its product offerings. However, customer attrition and geographic reach are potential challenges that the bank aims to mitigate.Read More

Former IndusInd Bank CFO Gobind Jain has filed a ₹70-crore lawsuit against the bank in the Bombay High Court, alleging wrongful termination. Jain seeks ₹20 crore for lost earnings and ₹50 crore for reputational damage and mental trauma. The suit details Jain’s repeated attempts to resign and his calls for an external audit into alleged accounting lapses.Read More