{"id":27140,"date":"2024-11-22T13:41:00","date_gmt":"2024-11-22T08:11:00","guid":{"rendered":"https:\/\/edunovations.com\/currentaffairs\/?p=27140"},"modified":"2024-11-22T13:41:02","modified_gmt":"2024-11-22T08:11:02","slug":"hinduja-hinduja-groups-acquisition-of-reliance-capital-approved-by-dpiit-marks-a-key-move-in-indias-financial-sector-learn-how-this-acquisition-will-reshape-financial-services-enhance-compe","status":"publish","type":"post","link":"https:\/\/edunovations.com\/currentaffairs\/national\/hinduja-hinduja-groups-acquisition-of-reliance-capital-approved-by-dpiit-marks-a-key-move-in-indias-financial-sector-learn-how-this-acquisition-will-reshape-financial-services-enhance-compe\/","title":{"rendered":"Hinduja Group Reliance Capital Acquisition Approved by DPIIT \u2013 Key Implications for India\u2019s Financial Sector"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/hinduja-hinduja-groups-acquisition-of-reliance-capital-approved-by-dpiit-marks-a-key-move-in-indias-financial-sector-learn-how-this-acquisition-will-reshape-financial-services-enhance-compe\/#DPIIT_Approves_Hinduja_Groups_IIHL_Acquisition_of_Reliance_Capital\" >DPIIT Approves Hinduja Group&#8217;s IIHL Acquisition of Reliance Capital<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/hinduja-hinduja-groups-acquisition-of-reliance-capital-approved-by-dpiit-marks-a-key-move-in-indias-financial-sector-learn-how-this-acquisition-will-reshape-financial-services-enhance-compe\/#Why_This_News_is_Important\" >Why This News is Important<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/hinduja-hinduja-groups-acquisition-of-reliance-capital-approved-by-dpiit-marks-a-key-move-in-indias-financial-sector-learn-how-this-acquisition-will-reshape-financial-services-enhance-compe\/#Historical_Context\" >Historical Context<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/hinduja-hinduja-groups-acquisition-of-reliance-capital-approved-by-dpiit-marks-a-key-move-in-indias-financial-sector-learn-how-this-acquisition-will-reshape-financial-services-enhance-compe\/#Key_Takeaways_from_%E2%80%9CDPIIT_Approves_Hinduja_Groups_IIHL_Acquisition_of_Reliance_Capital%E2%80%9D\" >Key Takeaways from &#8220;DPIIT Approves Hinduja Group&#8217;s IIHL Acquisition of Reliance Capital&#8221;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/hinduja-hinduja-groups-acquisition-of-reliance-capital-approved-by-dpiit-marks-a-key-move-in-indias-financial-sector-learn-how-this-acquisition-will-reshape-financial-services-enhance-compe\/#Important_FAQs_for_Students_from_this_News\" >Important FAQs for Students from this News<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/hinduja-hinduja-groups-acquisition-of-reliance-capital-approved-by-dpiit-marks-a-key-move-in-indias-financial-sector-learn-how-this-acquisition-will-reshape-financial-services-enhance-compe\/#What_is_the_significance_of_DPIIT_approving_Hinduja_Groups_acquisition_of_Reliance_Capital\" >What is the significance of DPIIT approving Hinduja Group&#8217;s acquisition of Reliance Capital?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/hinduja-hinduja-groups-acquisition-of-reliance-capital-approved-by-dpiit-marks-a-key-move-in-indias-financial-sector-learn-how-this-acquisition-will-reshape-financial-services-enhance-compe\/#Who_is_responsible_for_approving_such_corporate_acquisitions_in_India\" >Who is responsible for approving such corporate acquisitions in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/hinduja-hinduja-groups-acquisition-of-reliance-capital-approved-by-dpiit-marks-a-key-move-in-indias-financial-sector-learn-how-this-acquisition-will-reshape-financial-services-enhance-compe\/#What_does_the_Insolvency_and_Bankruptcy_Code_IBC_have_to_do_with_this_acquisition\" >What does the Insolvency and Bankruptcy Code (IBC) have to do with this acquisition?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/hinduja-hinduja-groups-acquisition-of-reliance-capital-approved-by-dpiit-marks-a-key-move-in-indias-financial-sector-learn-how-this-acquisition-will-reshape-financial-services-enhance-compe\/#Why_did_Reliance_Capital_go_through_the_insolvency_process\" >Why did Reliance Capital go through the insolvency process?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/hinduja-hinduja-groups-acquisition-of-reliance-capital-approved-by-dpiit-marks-a-key-move-in-indias-financial-sector-learn-how-this-acquisition-will-reshape-financial-services-enhance-compe\/#How_will_this_acquisition_affect_the_Indian_financial_services_sector\" >How will this acquisition affect the Indian financial services sector?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/hinduja-hinduja-groups-acquisition-of-reliance-capital-approved-by-dpiit-marks-a-key-move-in-indias-financial-sector-learn-how-this-acquisition-will-reshape-financial-services-enhance-compe\/#Some_Important_Current_Affairs_Links\" >Some Important Current Affairs Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"DPIIT_Approves_Hinduja_Groups_IIHL_Acquisition_of_Reliance_Capital\"><\/span><strong>DPIIT Approves Hinduja Group&#8217;s IIHL Acquisition of Reliance Capital<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Introduction to the Acquisition<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a significant development, the Department for Promotion of Industry and Internal Trade (DPIIT) has approved the acquisition of Reliance Capital by Hinduja Group&#8217;s firm, IndusInd International Holdings Limited (IIHL). This move marks a crucial step towards reshaping the financial landscape in India, especially with the prominent Hinduja Group set to integrate a major player in the financial sector. The approval is considered a strategic move for both the Hinduja Group and the Indian economy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Details of the Acquisition<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Hinduja Group&#8217;s IIHL is acquiring the entire 100% stake in Reliance Capital Ltd. This transaction follows a detailed evaluation by the National Company Law Tribunal (NCLT) and the DPIIT, who have granted necessary approvals under the Insolvency and Bankruptcy Code (IBC). Reliance Capital, which was previously part of Anil Ambani\u2019s Reliance Group, is one of India\u2019s significant non-banking financial companies (NBFCs). The Hinduja Group\u2019s decision to acquire this entity is expected to have long-term implications on the Indian financial services sector.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Impact on the Financial Sector<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This acquisition will likely enhance the competitiveness of the Hinduja Group in the Indian financial market, especially in the banking, insurance, and asset management sectors. Reliance Capital\u2019s assets, which include several key financial entities, will bring in valuable resources to IIHL. The strategic acquisition aligns with Hinduja Group\u2019s expansion plans, strengthening its portfolio in India\u2019s fast-growing financial services sector.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\" id=\"Hinduja-Group-Reliance-Capital-acquisition\"><img decoding=\"async\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2024\/11\/Hinduja-Group-Reliance-Capital-acquisition.webp\" alt=\"Hinduja Group Reliance Capital acquisition\" class=\"wp-image-27162\" width=\"560\" height=\"280\" title=\"Hinduja Group Reliance Capital acquisition\"\/><figcaption class=\"wp-element-caption\">Hinduja Group Reliance Capital acquisition<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_This_News_is_Important\"><\/span><strong>Why This News is Important<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Implications for the Indian Economy<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The approval of this acquisition by the DPIIT is a notable moment for India\u2019s economy. It not only highlights the government&#8217;s encouragement of mergers and acquisitions but also signals a growing consolidation trend in the Indian financial services sector. With Reliance Capital\u2019s integration into the Hinduja Group\u2019s portfolio, the new entity is poised to play a larger role in the financial ecosystem, which could spur innovation and competition.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Boost to Financial Stability<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For students preparing for government exams, this news underlines the importance of financial stability in the country. The acquisition is part of a broader initiative to strengthen the financial sector, helping institutions grow in size and operational capacity, thereby reducing risks to the banking system. It also reinforces the government&#8217;s role in facilitating market-driven solutions to corporate restructuring under the IBC.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Promoting Foreign and Domestic Investments<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This acquisition is likely to inspire more foreign and domestic investments in India\u2019s financial sector. For government exam aspirants, understanding such strategic moves is crucial, as they reflect the government\u2019s policies to promote ease of doing business and investment in India. Moreover, such corporate transformations shape the financial landscape and contribute to the country\u2019s economic growth.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Historical_Context\"><\/span><strong>Historical Context<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Reliance Capital and Its Financial Struggles<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Reliance Capital was once a prominent player in the financial services industry, with interests spanning asset management, insurance, and lending. However, the company faced significant challenges in recent years, mainly due to the financial mismanagement within the Reliance Anil Dhirubhai Ambani Group (ADAG). This led to Reliance Capital\u2019s involvement in the insolvency process under the Insolvency and Bankruptcy Code (IBC).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Hinduja Group&#8217;s Strategic Moves<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Hinduja Group, known for its diversified global business operations, has been focusing on expanding its footprint in India\u2019s financial market. The group&#8217;s acquisition of Reliance Capital is part of a broader strategy to grow its influence in the country\u2019s banking and financial services sector. The Hinduja Group\u2019s strong financial position and expertise in managing diversified businesses make them well-equipped to handle the integration of Reliance Capital\u2019s assets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>DPIIT and the Role of the Government in Corporate Restructuring<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The DPIIT\u2019s approval of the acquisition is part of the government\u2019s ongoing efforts to streamline corporate restructuring through the Insolvency and Bankruptcy Code (IBC). The IBC process aims to ensure timely resolution of distressed companies, promoting business stability and protecting the interests of creditors and stakeholders. The approval also reflects the government&#8217;s push for industry consolidation, particularly in crucial sectors like finance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Takeaways_from_%E2%80%9CDPIIT_Approves_Hinduja_Groups_IIHL_Acquisition_of_Reliance_Capital%E2%80%9D\"><\/span><strong>Key Takeaways from &#8220;DPIIT Approves Hinduja Group&#8217;s IIHL Acquisition of Reliance Capital&#8221;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Serial Number<\/th><th>Key Takeaway<\/th><\/tr><\/thead><tbody><tr><td>1<\/td><td>DPIIT has approved Hinduja Group&#8217;s acquisition of Reliance Capital.<\/td><\/tr><tr><td>2<\/td><td>The acquisition is a strategic move to enhance the Hinduja Group&#8217;s financial portfolio in India.<\/td><\/tr><tr><td>3<\/td><td>Reliance Capital was previously part of Anil Ambani\u2019s Reliance Group and faced financial struggles.<\/td><\/tr><tr><td>4<\/td><td>The deal was approved under the Insolvency and Bankruptcy Code (IBC).<\/td><\/tr><tr><td>5<\/td><td>The acquisition signals increased consolidation in India\u2019s financial sector, boosting stability.<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Hinduja Group Reliance Capital acquisition<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Important_FAQs_for_Students_from_this_News\"><\/span>Important FAQs for Students from this News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_significance_of_DPIIT_approving_Hinduja_Groups_acquisition_of_Reliance_Capital\"><\/span><strong>What is the significance of DPIIT approving Hinduja Group&#8217;s acquisition of Reliance Capital?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">This approval is crucial for the Indian financial sector as it marks a significant consolidation in the industry. It allows Hinduja Group to enhance its presence in key financial sectors, including banking, insurance, and asset management.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_is_responsible_for_approving_such_corporate_acquisitions_in_India\"><\/span><strong>Who is responsible for approving such corporate acquisitions in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Department for Promotion of Industry and Internal Trade (DPIIT) is responsible for approving such acquisitions, ensuring they comply with regulatory standards and the Insolvency and Bankruptcy Code (IBC).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_does_the_Insolvency_and_Bankruptcy_Code_IBC_have_to_do_with_this_acquisition\"><\/span><strong>What does the Insolvency and Bankruptcy Code (IBC) have to do with this acquisition?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Reliance Capital was undergoing a resolution process under the IBC, and the acquisition by Hinduja Group is part of the process to resolve its financial issues and restructure its business.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_did_Reliance_Capital_go_through_the_insolvency_process\"><\/span><strong>Why did Reliance Capital go through the insolvency process?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Reliance Capital faced financial difficulties due to mismanagement within the Reliance Anil Dhirubhai Ambani Group (ADAG), which led to its involvement in the insolvency process.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_will_this_acquisition_affect_the_Indian_financial_services_sector\"><\/span><strong>How will this acquisition affect the Indian financial services sector?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">This acquisition is likely to lead to greater competition and innovation in the financial services sector, contributing to the stability and growth of India\u2019s financial market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Some_Important_Current_Affairs_Links\"><\/span>Some Important Current Affairs Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/national\/\" target=\"_blank\" rel=\"noreferrer noopener\">State Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--2\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/sports\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sports Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--3\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/international\/\" target=\"_blank\" rel=\"noreferrer noopener\">International Current Affairs<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/banking\/\" target=\"_blank\" rel=\"noreferrer noopener\">Banking Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/railway\/\" target=\"_blank\" rel=\"noreferrer noopener\">Railways Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/defence\/\" target=\"_blank\" rel=\"noreferrer noopener\">Defence Current Affairs<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--4\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs?newsmaticargs=custom&amp;posts=today\" target=\"_blank\" rel=\"noreferrer noopener\">Daily Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--5\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairsinhindi\/\" target=\"_blank\" rel=\"noreferrer noopener\">Current Affairs In Hindi<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--6\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/news-and-notifications\/\" target=\"_blank\" rel=\"noreferrer noopener\">News and Notifications<\/a><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.edunovations.quiz\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1.jpg\" alt=\"Download this App for Daily Current Affairs MCQ&#039;s\" class=\"wp-image-247\" title=\"\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1.jpg 900w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-300x50.jpg 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-768x128.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">Download this App for Daily Current Affairs MCQ&#8217;s<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\" id=\"News-Website-Development-Company\"><a href=\"https:\/\/www.martindiainfotech.com\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner.png\" alt=\"News Website Development Company\" class=\"wp-image-438\" title=\"News Website Development Company\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner.png 900w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner-300x50.png 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner-768x128.png 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">News Website Development Company<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>DPIIT Approves Hinduja Group&#8217;s IIHL Acquisition of Reliance Capital Introduction to the Acquisition In a significant development, the Department for Promotion of Industry and Internal Trade (DPIIT) has approved the acquisition of Reliance Capital by Hinduja Group&#8217;s firm, IndusInd International Holdings Limited (IIHL). This move marks a crucial step towards reshaping the financial landscape in&#8230;<\/p>\n","protected":false},"author":6,"featured_media":27161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,132],"tags":[17328,17327,17330,17326,2900,17329,17325],"class_list":["post-27140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-appointments","tag-corporate-restructuring","tag-dpiit-approval","tag-financial-acquisition-india","tag-financial-services-india","tag-hinduja-group","tag-insolvency-and-bankruptcy-code","tag-reliance-capital"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/27140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/comments?post=27140"}],"version-history":[{"count":0,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/27140\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media\/27161"}],"wp:attachment":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media?parent=27140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/categories?post=27140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/tags?post=27140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}