October 13, 2026
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Swiggy said on Tuesday that shareholders have approved a proposal to cap aggregate foreign ownership at 49.5%, clearing a key hurdle for the food and grocery delivery company to qualify as an Indian-owned and controlled company (IOCC). The move could allow Swiggy’s quick-commerce business, Instamart, to shift from a marketplace model to an inventory-ownership model, […]Continue Reading
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The Indian arms of global alcohol majors, including Diageo, Pernod Ricard, Heineken and Carlsberg, have raised concerns over unpaid dues amounting to nearly $400 million (₹3,725 crore) from the southern Indian state of Telangana. Industry associations representing around 80% of India’s liquor, beer and wine market accused the state of violating accounting norms by Continue Reading
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E-commerce platform Meesho has received an income tax demand notice of about ₹1,500 crore, including interest, for the assessment year 2023–24, according to a recent company filing. The notice, issued by the Income Tax Department’s Assessment Unit on March 6, states a total tax demand of ₹14,99,73,82,840 after certain additions and adjustments were made to […]Continue Reading
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The Manipal Education and Medical Group (MEMG), led by Dr. Ranjan Pai, has filed an Expression of Interest (EoI) to join the insolvency resolution process of Think & Learn Pvt Ltd, the parent company of BYJU’S. This marks the group’s second submission after the deadline extension, with MEMG seeking access to financial and operational details […]Continue Reading
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The board of Strides Pharma Science has given the green light to a scheme of arrangement among its group entities, aimed at creating a distinct contract development and manufacturing entity called “OneSource.” This arrangement involves the demerger of Strides Pharma Science’s CDMO and soft gelatin business into Stelis, in addition to the demerger of Continue Reading

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