The battle between Ahmedabad-based Torrent Group and Hinduja Group to acquire debt-ridden Reliance Capital took another interesting turn this week. The National Company Law Court has now restricted Reliance Capital's creditors from accepting a higher offer made by Hindujas after Torrent said it was submitted after the completion of the electronic auction. So what exactly is going on in this high-stakes bankruptcy proceeding? And why Hinduja and Torrent fight?
Meanwhile, a completely different kind of battle is brewing on the Indian roads. Several ride-sharing startups are trying to challenge the dominance of Ola and Uber, which control more than 70% of the market. These newcomers are trying to take over your space with unique offers. Some allow you to bid for the lowest price, some offer eco-friendly electric cars, while others are driven by women and only cater to families. The ride-sharing market in India is rapidly diversifying. But is India's rideshare market ready for disruption?
The pandemic had severely affected transportation companies. It also made financial market movements erratic. Almost 30% of companies let their IPO approval drafts lapse in 2022 because of this. Private markets also experienced a funding winter with tighter liquidity conditions. However, with 2023 expected to be relatively less volatile, will capital-raising activity gain momentum this year? Will India Inc. take advantage of the public or private markets to raise funds?
About 150 km from Dalal Road, in the heart of Pune, buses from Karnataka was attacked last month. ATM's Karnataka The banks were also defaced. The latent border tension for decades between Maharashtra Y Karnataka broke out once more, as assets of Maharashtra it also faced similar vandalism in its neighboring district. So what is this border dispute? And why is the Belagavi district in the center of this row? This podcast episode all the answers.
