The Indian Hotels Company Limited (IHCL) has announced the merger of Oriental Hotels Limited (OHL) through a Scheme of Arrangement, subject to statutory approvals. The all-stock transaction will see OHL shareholders receive 25 IHCL shares for every 117 OHL shares, with completion targeted in the second half of FY2028.
Tag: Business News
Selena Gomez Sued by Investors Over Mental Health Startup Wondermind
Selena Gomez is facing a lawsuit from investors who allege that Wondermind Global failed to deliver on promised business and development plans after they invested nearly $1.2 million in the mental health startup.
Goa Industry Bodies Welcome Permanent IIT Goa Campus at Farmagudi, Call it a Major Boost for Innovation and Industry
Goa's leading industry associations—GCCI, GSIA, MIEA and KIEA—have welcomed the decision to establish the permanent IIT Goa campus at Farmagudi, Ponda, saying it will strengthen research, innovation, skilled talent development, and industry-academia collaboration while positioning Goa as a leading education and technology hub.
GCCI, Konkan Railway Strengthen Rail Freight Ecosystem Through Interactive Traders’ Meet at Verna Goods Shed
The Goa Chamber of Commerce and Industry (GCCI), in collaboration with Konkan Railway Corporation Limited (KRCL), organised an interactive Traders’ Meet at Verna Railway Station Goods Shed to promote rail-based freight movement, address logistics challenges, and strengthen collaboration between industry stakeholders and railway authorities.
India Becomes KitKat’s Biggest Market Globally, Surpassing Japan and Europe
India has emerged as the largest global market for KitKat, overtaking Japan, Brazil and several European countries. Driven by innovative product launches, aggressive marketing campaigns and rising consumer demand, the chocolate wafer brand has witnessed remarkable growth across the Indian market.