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    CCI approves the proposed combination involving acquisition of additional shareholding in Thoughtworks Holding, Inc. by AP Funds and Temasek
    HAL's Maharatna Status: India’s Growth Towards Aerospace Industry
    IICA holds National Conference & Exhibition on Aligning CSR with SDGs in New Delhi
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    October 30, 2024
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    Competition approval for acquisition that consolidates private equity control while preserving a minority passive investor stake.
    Approval concerns an acquisition where AP-advised investment funds, via an AP-controlled SPV, will acquire additional equity in Thoughtworks Holding, Inc. resulting in full control by the AP Funds and Nevado Investments, an indirect Temasek subsidiary, retaining an approximate minority non-controlling passive stake. The Commission's clearance addresses competition implications of the change in control and ownership structure, with a detailed order to follow.
    October 14, 2024
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    Maharatna status expands HAL's financial and operational autonomy, enabling larger independent investments and deeper indigenous defence manufacturing.
    The Government conferred Maharatna status on Hindustan Aeronautics Limited after committee recommendations and ministerial approval, based on prior Navratna status, stock exchange listing, qualifying averages for turnover, net worth and net profit, and global presence. The designation grants HAL expanded delegation over capital expenditure and strategic investments, permitting significant investment decisions without prior central approval to expedite projects, enhance operational efficiency, and support indigenisation and international commercial engagement.
    October 4, 2024
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    CSR alignment with SDGs urged as strategic investment and compliance framework to advance national development goals.
    The conference promoted alignment of corporate social responsibility with the Sustainable Development Goals and the Trusteeship philosophy, urging businesses to view CSR as strategic investment and to align programming with national development priorities and SDGs. Speakers emphasised innovation, inclusiveness, multi stakeholder collaboration and the ILCI framework, encouraged corporates to exceed minimum spending thresholds, and released a compendium on the legal regime, compliance, implementation guidance and FAQs. The exhibition showcased initiatives mapped to Schedule VII of the Companies Act 2013.

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