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Aditya Birla Fashion buys 51% stake in Sabyasachi for Rs 398 crore
Aditya Birla Fashion and Retail Limited (ABFRL) has signed a definitive agreement to buy 51 per cent stake in designer brand Sabyasachi for Rs 398 crore. The deal is expected to be closed in late-February or mid-March, the company said in a regulatory filing. Meanwhile, the ABFRL platform will complement brand Sabyasachi on its journey to becoming a global luxury house out of India
Reliance signs $15 million deal with Israeli firm for rapid COVID-19 test kits
Reliance Group has signed a $15 million deal with Israeli company Breath of Health to distribute the firm s COVID-19 breath testing system. The tests conducted by the company provide results in less than a minute, said Arie Laor, CEO of Breath of Health (BOH).
Updated Jan 25, 2021 | 14:08 IST
In July last year, a special court in Mumbai rejected Yes Bank founder Kapoor s bail plea following which he approached the HC. PMLA case: HC refuses bail to Yes Bank founder Rana Kapoor | Photo Credit: BCCL
The Bombay High Court on Monday refused to grant bail to Yes Bank founder Rana Kapoor, who is accused in a case of money laundering. Kapoor was arrested in March last year by the Enforcement Directorate (ED).
The central agency is conducting an investigation against Kapoor, his wife, and their three daughters over a sum of Rs 600 crore received by a firm allegedly controlled by them from an entity linked to scam-hit Dewan Housing Finance Limited (DHFL).