'IndusInd's resolution plan for Reliance Capital can't drop Reliance General Insurance's employee stock ownership plans'
Wednesday, 25 October 2023 Reliance General Insurance has obtained a legal opinion that states IndusInd Holding's resolution plan cannot extinguish any stock options or other employee benefits. IndusInd International Holdings has emerged as the successful bidder for Reliance Capital. RCap's most valuable holdings are the shares it owns in its 100% subsidiary Reliance General Insurance. IndusInd Holding's resolution plan involves raising funds to pay creditors of Reliance Capital by creating a charge on the shares of Reliance General Insurance.
UN Forms High-Level , Committee to Oversee , AI Governance.
On October 26, the United Nations announced
the formation of a new AI advisory board...
... intended "to undertake analysis and
advance recommendations for the
international governance of AI.".
TechCrunch reports that the board,...
The House has nominated Mike Johnson for Speaker of the House. The FBI ignored more than 40 Biden whistleblowers with information about Biden family criminality. Gaetz says Johnson speakership shows..