The allegations of bribery and fraud are the latest blow for the tycoon, one of India's richest people.
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The Department for Promotion of Industry and Internal Trade (DPIIT) has given the green light to the 10,000-crore acquisition of Reliance Capital by IndusInd International Holdings (IIHL). This approval clears the final regulatory hurdle for the deal.
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The regulator uses new powers to prevent bonuses being funded from customer bills.
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