Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Rollins Terminates Acquisition Deal With EaseMyTrip
In a significant corporate development, the US-based travel technology company, Rollins, has terminated its acquisition deal with the Indian online travel aggregator, EaseMyTrip. The reasons for the termination of the deal have not been made public, but it could be due to a failure to agree on the final terms, a lack of regulatory approvals, or a change in the strategic priorities of either company. The termination of a signed acquisition agreement is a major event and can have a significant impact on the stock price and the future plans of the companies involved. This development means that EaseMyTrip will now have to re-evaluate its strategic options, while Rollins will have to look for other avenues for its expansion plans in the Indian market.