Ashok Hinduja, Chairman of IndusInd International Holdings Ltd (IIHL), announced the successful completion of the acquisition of Reliance Capital (RCAP) through the Corporate Insolvency Resolution Process (CIRP) with a bid of Rs 9,650 crore, transferring funds to lenders and planning for management transfer. Hinduja revealed plans to focus on creating value, estimating Reliance Capital’s business value at Rs 20,000 crore, conducting a comprehensive review, and potentially exiting non-insurance entities. The potential public listing of Reliance General Insurance and Reliance Nippon Life, rebranding to remove ‘Reliance’ branding, and repayment of acquisition debt through an IPO were also discussed during the media conference.
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Lion's share: India's big cats roar to record 891; 32% jump in five years
India's Asiatic lion population surged from 674 in 2020 to 891 in 2025, marking a 32.2% increase, with adult females rising to 330. The latest count, which includes 497 lions in satellite populations and 22 in corridor areas, highlights a significant conservation success, as emphasized by Union Environment Minister Bhupender Yadav on World Lion Day. Want More Context? 🔎
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