CCI Approves Acquisition of Batlivala & Karani Firms by 360 ONE

23 May 2025 CW Team

The Competition Commission of India (CCI) has approved the proposed combination involving acquisition of Batlivala & Karani Securities Private Limited and Batlivala & Karani Finserv Private Limited by 360 ONE.

360 ONE WAM Limited (Acquirer) is a wealth and asset management firm in India. Batlivala & Karani Securities Private Limited (Target 1) is engaged in equity broking, financial product distribution, investment banking, and research analysis. Batlivala & Karani Finserv Private Limited (Target 2) is involved in distributing financial products.

The proposed combination includes acquisition of shareholding in Target 1 and Target 2 from Mr Saahil Murarka, Batlivala & Karani Resources Management, and Ms Swapna Murarka. As part of the consideration, Mr Saahil Murarka and BKRM will acquire certain shares in the Acquirer.

The detailed order of the Commission will follow.

Source:Press Information Bureau, Competition Commission of India

Infrastructure Urban

23 May 2025

Rosatom Builds First RITM-400 Reactor for Rossiya Icebreaker

ZiO-Podolsk (Rosatom's Machine-Building Division) finished manufacturing the first RITM-400 reactor unit for Rossiya nuclear icebreaker, which will be the most powerful in the world. The command to finish the work on the first RITM-400 was given by Valentina Matvienko, Chair of the Federation Council of the Federal Assembly of the Russian Federation, and Alexey Likhachev, Rosatom Director General. The ceremony was broadcast in the Federation Council of the Federal Assembly of the Russian Federation, where Rosatom's exposition dedicated to the 80th anniversary of the nuclear industry open..

Infrastructure Energy

23 May 2025

REC Raises Rs 56.35 Billion via Private Bond Placement

REC, a Maharatna CPSU and a leading NBFC under the Ministry of Power, has successfully raised Rs 56.35 billion through private placement of bonds. The offering included Rs 30 billion through 2 years鈥�8 Month bonds at coupon of 6.52 per cent p.a.鈥� and Rs 26.35 billion through 10-years 11 months鈥痓onds at coupon of 6.81 per cent p.a. The bond issuance witnessed an overwhelming response from market participants, reflecting strong investor confidence in the company鈥檚 robust financial position and growth prospects. The bonds have been assigned a "AAA" rating by prominent credit rati..

Equipment

23 May 2025

CASE Launches Vijeta to Boost Jobs in Construction Equipment

CASE Construction Equipment, a brand of CNH, introduces project Vijeta, as a part of their CSR initiative. The programme is aimed at empowering underprivileged youth by enhancing their employability skills in the heavy equipment and construction industry. 鈥榁ijeta鈥� is designed to train and certify individuals, providing them with both technical expertise and practical knowledge to excel in the sales of heavy equipment. Aligned with the Skill India Mission, the programme also contributes to the UN Sustainable Development Goals (SDG 8 and SDG 10) by fostering decent work opportunities, drivin..