News digest: Lotte buys Havmor Ice Cream, clouds over Rafale, and more

From defaulting promoters set to lose their companies to govt vowing to keep web access equitable, BS brings you up to date with the latest news

Insolvency ordinance: Defaulting promoters set to lose their companies
 
An ordinance amending the Insolvency and Bankruptcy Code (IBC) has practically barred promoters of companies undergoing the resolution process from bidding for their own companies when they are auctioned as part of bankruptcy proceedings. Read more
 
South Korea's Lotte Confectionery buys Havmor Ice Cream for Rs 1,020 crore
 

South Korea’s Lotte Confectionery has acquired Ahmedabad-headquartered ice cream maker Havmor Ice Cream Ltd (HIL) for Rs 1,020 crore in an all-stock deal. Read more
 
Clouds over fighter jet: How much did Rafale actually cost?
 
Has the Indian Air Force (IAF) paid more per Rafale fighter than what Prime Minister (PM) Narendra Modi had undertaken in Paris whilst announcing his agreement with French President Francois Hollande to buy 36 aircraft from French vendor, Dassault? Read more

 
Govt vows to keep web access equitable
 
At a time when the US’ Federal Communications Commission has decided to replace the net neutrality rules, the Indian government has vowed to keep cyberspace equal for everyone and not allow any firm to restrict people’s access to the web. Read more
 
Over my birthday dinner, the family pledged 10% wealth: Sunil Mittal
 
Sunil Bharti-led Bharti Group has pledged Rs 7,000 crore, which is 10 per cent of its family wealth, for philanthropy. A large chunk of this will be used to set up Satya Bharti University for Science and Technology, modelled on MIT, Stanford, and Berkeley. Read more