Today News Report

AI image used for representative purposes Following improved India-China relations, the authorities, including the International Financial Services Centre Authority (IFSCA), are evaluating a banking sector proposal to enable International Banking Units at Gujarat International Finance Tec City (GIFT City) to conduct transactions in offshore renminbi (CNH).GIFT City operates as a global financial services hub, serving…

Kimberly-Clark is set to acquire Tylenol maker Kenvue in a cash-and-stock transaction valued at approximately $48.7 billion, creating one of the world’s largest consumer health goods companies, AP reported.Under the terms of the agreement, Kenvue shareholders will receive $3.50 per share in cash and 0.14625 Kimberly-Clark shares for each Kenvue share held at closing. Based…

A consortium led by global asset manager BlackRock, along with chipmaker Nvidia and tech giant Microsoft, is set to acquire Aligned Data Centers from Australian financial services major Macquarie in a deal valued at around $40 billion.The acquisition underscores the tech sector’s escalating race to build artificial intelligence infrastructure — from chips and servers to…

The government plans to introduce the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 in the second half of the Budget session beginning March 9, Finance Minister Nirmala Sitharaman said, adding that the parliamentary committee examining the proposed law has already submitted its report.The proposed changes are aimed at further improving timelines and effectiveness of insolvency…