The merger will result in substantial cost and capex synergies with an estimated net present value of around USD 10 billion after integration costs and spectrum liberalisation payments, with estimated savings of USD 2.1 billion annually from the fourth year of the merger.
The industry employs about 10 million workforce.
The Budget has unveiled measures that should now pave the way for India to progress from Make in India to 'Innovate in India'.
CSK is reinventing itself to get rid of the controversies and improve brand value
The government does not seem inclined, at least in the petroleum sector, to effect sudden and steep upward price revisions to tame its huge subsidy burden and rein in fiscal deficit.
Investors sought to book profits at attractive valuations after recent run up in last few trading sessions.
Can welfare schemes truly transform from being flagship to flag-bearers for a government that is looking to get a second term in 2019?
As under-construction properties turn riskier, due to slowing sales, a buyer needs to protect his interest in the property.
PS banks need to pull up their socks to improve cash flows.
The calculation is based on annual usage of eight cylinders per household.
E-auction or e-tendering moves the process of bidding for government contracts completely online, removing most manual procedures and, therefore, creating an accountability trail.
A few state-owned banks such as IDBI Bank, Union Bank, Indian Overseas Bank have announced results for FY14.
'On Saturday, I drove my wife over to Beverly Hills for sushi.' 'Two blocks before Rodeo, we turned the car around, because we saw hundreds driving pickup trucks and marching down sidewalks, yelling, donning MAGA gear, and waving huge Trump flags.' I tell you... It was scary.' 'And this didn't look like a defeated throng.' 'These folks looked like they knew something we didn't,' notes Rajiv Satyal, the Los Angeles-based comedian and host.
Chief Economic Advisor Arvind Subramanian's interview.
The president outlined the government's agenda in the coming financial year in his customary address to the joint sitting of both the Houses of Parliament.
The question may sound irrelevant, but several public sector banks seem to have a different view.
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
Court questioned the probe agency on delay in filing the chargesheet.
The government has provided a long-term vision.
Indian economy is expected to improve marginally in the current financial year with its GDP at market price projected to expand by 3.4 per cent from 3.3 per cent in the previous fiscal, think tank OECD said.
Move to improve transparency but make liquidity more difficult to come by
The central bank dashed hopes of any steep interest rate reduction.
Union Budget 2015 cuold have included few smaller reforms.
But their reign has been tumultuous as the company has seen compelling battles for ownership.
'In a country like ours, people talk about wanting to be like Singapore, but when it comes to paying taxes, they start criticising.' 'The medicine is bitter, but the long term effect is good,' Senthil Natarajan, who runs Kovai Pazamudhir Nilayam, a one of its kind fruit and vegetable chain in Tamil Nadu, tells Rediff.com's Archana Masih.
'When we say we want to increase pension participation, do we want to increase participation through the savings route?' 'Or do we want people to save in specific pension products?' asks Renuka Sane.
In a marathon address to the nation from the ramparts of the Red Fort, Prime Minister Narendra Modi on Saturday underlined India's unity and diversity and the progress of his 15-month-old government's policies.
The FinMin will pay Rs 5,324 crore (Rs 53.24 billion) for Jan-March.
Finance ministry asks bank, insurance & market regulators to issue notifications
Apple Pay also faces competition from Merchant Customer Exchange (MCX) - a consortium of retailers including Wal-Mart and Best Buy - which is developing its own mobile payment platform.
Finance Minister Arun Jaitley presented the Union Budget.
Gold loans can be released online or by bank transfers.
India will pay Iran $900 million in two tranches beginning next week to clear part of the past dues for crude oil it buys from the Persian Gulf nation.
Auditors and promoter entities linked to the UB Group have come under scanner of multiple regulatory agencies for alleged irregularities.
Enhanced revenue generation is a priority for the government.
Fund managers weren't too worried in 2014, as it was a year of positive surprises.
'Without appropriate supervisory constraints in place, banks are in a position to delay the recognition of losses and engage in ever-greening or zombie lending, which is essentially the rolling over of debts of unviable borrowers that would have otherwise defaulted,' points out RBI Deputy Governor Viral Acharya.
Ex-South American soccer chief in FIFA scandal under house arrest.
'The overall stress on asset quality is indeed coming down.'
'You cannot fight a disease as complex as COVID-19 without a carefully calibrated, localised response.'
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