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Alpha Wave Global, and IHC (International Holding Company) have sought the Competition Commission of India's approval to acquire minority stakes in Haldiram Snacks Food.
Alpha Wave is a global investment company and United Arab Emirates-based IHC is one of the world's largest investment companies having a USD 250 billion market valuation and listed on Abu Dhabi Securities Exchange.
"The proposed transaction entails the acquisition of less than 10 per cent of the issued and paid-up equity share capital of the target (Haldiram Snacks Food Pvt Ltd)," said a notice filed with the Competition Commission of India (CCI).
The proposed combination, classified as an acquisition of shares and voting rights, falls under specific clauses of the Competition Act, it added.
Haldiram Snacks Food is the combined business of the Haldiram family -- Delhi and Nagpur.
In its submission to the CCI, Alpha Wave Ventures II LP and Alpha Wave IHC CI, LP (acquirers) said that the exact delineation of the ...

Haldiram Snacks Food is the combined business of the Haldiram family -- Delhi and Nagpur

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One-way traffic was restored on the arterial Jammu-Srinagar national highway on Friday, five days after vehicular movement was suspended due to flash floods and mudslides in Jammu and Kashmir's Ramban district.
Authorities allowed vehicles to move from Jammu towards Srinagar.
Jammu and Kashmir Chief Minister Omar Abdullah will visit Ramban on Saturday to review the progress of work for the restoration of the highway and other infrastructure damaged due to the flash floods triggered by a cloudburst on April 20, officials said.
The highway was initially cleared on Wednesday to facilitate the movement of vehicles stranded on the damaged Ramban stretch, they said.
Severe damage at multiple locations had left thousands of passengers and tourists stranded, causing widespread travel disruptions along the vital route, they said.
Even as the vehicular movement resumed, many tourists expressed frustration over being stuck in long traffic jams for hours.
Congestion remained a major issue in

Even as the vehicular movement resumed, many tourists expressed frustration over being stuck in long traffic jams for hours

Rajasthan Chief Minister Bhajanlal Sharma on Friday instructed police and administrative officers to strictly implement the guidelines issued by the central government regarding the cancellation of visas for Pakistani nationals in the wake of the Pahalgam attack that killed 26 tourists.
The chief minister held a discussion with Union Home Minister Amit Shah and assured that the directions concerning Pakistani nationals' visas would be rigorously enforced in the state.
Following this, Additional Chief Secretary (Home) Anand Kumar convened a meeting of senior officials at the Secretariat. The meeting was attended by Director General of Police UR Sahoo, DG CID Security Sanjay Agrawal, Additional Secretary of Home Department Sovila Mathur and other officials.
District Collectors and SP participated in the meeting via video conference.
The Pakistani nationals have to be sent from the Attari border.
Additional Chief Secretary (Home) directed the concerned SPs to ensure that Pakistani ..

The chief minister held a discussion with Union Home Minister Amit Shah and assured that the directions concerning Pakistani nationals' visas would be rigorously enforced in the state

The Mumbai Metropolitan Region Development Authority (MMRDA) on Friday presented a Rs 40,187 crore-budget for the megapolis.
Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement. The revenues have been estimated at Rs 36,939 crore, and the body chaired by Deputy Chief Minister Eknath Shinde will be borrowing Rs 22,000 crore.
This will result in a budget deficit of Rs 3,249 crore, which the body plans to bridge through land sales, issuance of bonds, financial assistance from the government, and loans from financial institutions, the statement said.
The ongoing metro line projects have been earmarked Rs 10,969 crore of expenditure in the new fiscal, which is a fourth of the overall expenditure..
Over Rs 5,697 crore have been allotted for multiple tunnel projects which are going across the megapolis, with Rs 2,684 crore earmarked for the four-lane road running under the Sanjay Gandhi National 

Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement

The Rajya Sabha on Thursday returned the Finance Bill 2025 to the Lok Sabha, along with 35 government amendments, including one that abolishes a 6 per cent digital tax on online advertisements, thus completing the 2025-26 budgetary exercise that started on February 1.
The House also returned the Appropriation Bill (3) with a voice vote.
Earlier in the day, Finance Minister Nirmala Sitharaman had moved the two bills in the House.
The Lok Sabha had passed the Finance Bill on March 25 and passed the Appropriation Bill on March 21.
Replying to the debate later in the evening, she said the tendency of the finance ministry would be to exercise caution and not let go of revenues.
"But, here we wanted to use this opportunity to show our respect for Indian taxpayer. We have moved towards setting Rs 12 lakh as threshold up to which no one will have to pay any tax," Sitharaman said.
The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 lakh crore, an increase of 7.4 per cent ov

The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 trillion, an increase of 7.4 per cent over the current fiscal

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