Top headlines: Delhi HC gives 2 weeks to CCI; Ola rejigs leadership team

Business Standard brings you the top stories from today

Anchor investor talks for mega LIC IPO to start next week: Report

Bankers will start reaching out to potential anchor investors in the initial public offering of Life Insurance Corp. of India next week, as they seek to ensure there’s enough demand for what’s set to be the nation’s biggest share sale.

A list with the names of about 100 global investors has been shared with the 10 banks working on the deal and the institutions will approach different sets of investors, according to people with knowledge of the matter who asked not to be named as discussions are private. Read more

HC directs CCI to decide on CAIT's complaint against Amazon within 2 weeks

The Delhi High Court on Tuesday directed the Competition Commission of India (CCI) to dispose off the matter of revocation of approval given to Amazon which has been challenged by the Future Coupons Limited.

The direction was issued on a Public Interest Litigation (PIL) filed by the Confederation of All India Traders (CAIT), which sought the High Court's intervention for protecting 6,000 traders who had supplied goods to the Future Group amounting to about Rs 10,000 crore. Read more

US 'concerned' over delivery of Russia's S-400 missile system to India

The US has expressed its "concern" over the delivery of S-400 Triumf surface-to-air missile systems from Russia to India but it remains undecided on how to deal with the transaction, a senior Pentagon official said.

The S-400 is known as Russia's most advanced long-range surface-to-air missile defence system. Read more

SoftBank-backed Ola boosts leadership team, hires top brass across segments

Mobility platform Ola has announced key leadership appointments across Ola Financial Services, Ola Cars, and Ola Electric. The appointments are a continuation of Ola’s drive to attract the best global talent to realise its vision of New Mobility which encompasses New Mobility Services.

P V Harinarayan has joined as the VP Lending, Ola Financial Services. Harinarayan brings close to two decades of experience in the banking and fintech domain, having previously been the CEO of Simple Pay, where he was responsible for building a High tech purpose led digital lending NBFC. He has previously worked with organisations such as Bajaj Finserv, Barclays and ICICI Bank. Read more.

Mensa, house of D2C brands, raises $135 mn to become Asia's fastest unicorn

Mensa Brands, a technology-led ‘House of Brands’ built for the e-commerce industry, has raised Series B funding of $135 million, led by Alpha Wave Ventures-Falcon Edge Capital with participation from all existing investors - Accel Partners, Norwest Venture Partners and Tiger Global Management. Prosus Ventures (Naspers) also invested in Mensa in this latest funding round. Read more