Aditya Birla Group and Times of India have purchased Royal Challengers Bengaluru for Rs.16,660 crore, marking the biggest franchise acquisition in IPL history. Top firms AZB & Partners, Khaitan & Co, and Morgan Lewis advised on the landmark transaction.
The Supreme Court provided a big relief to Vodafone Idea by ordering a tax refund of Rs 1,128 crore. This amount relates to excess prepaid taxes paid by the telecom company. The court upheld Vodafone Idea’s claim, stating that the government must refund the excess tax amount. This decision comes as a boost for the financially struggling telecom giant.
