On the night of July 5, the Tigers launched their first kamikaze operation. Miller took the wheels of the explosive-packed truck, smiled at everyone as he turned the ignition key and drove it slowly towards the Sri Lankan military camp. A few moments later all of Jaffna heard a thunderous explosion that brought the complex crashing down in clouds of dust. Miller had given birth to a deadly tactic that Prabhakaran would employ time and again with devastating consequences to Sri Lanka -- and India. A fascinating excerpt from M R Narayan Swamy's must read new book, The Rout Of Prabhakaran.
The much-talked merger of the two state-owned telecom giants -- Mahanagar Telecom Nigam and Bharat Sanchar Nigam -- is understood to have been put on hold
The Aditya Birla Group announced the merger of its two holding companies, Aditya Birla Nuvo and Grasim, to make the holding structure clearer, ensure stable cash flows and unlock value in its financial services arm
We will continue to grow at 25 per cent -- we can't handle more than that.
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Indian telecom sector has at present around 13 mobile phone service providers with some of them expected to go for consolidation once the final guidelines are in place.
The country's most valuable lender HDFC Bank can perhaps no longer claim to be a favourite of foreign portfolio investors (FPIs). Two data indicators, both somewhat interconnected, point to this - the diminishing premium of HDFC Bank's American depositary receipts (ADRs) compared to local shares, and the ample investment opportunities available to FPIs in the domestic market. The ADR premium has shrunk to below 5 per cent, down from over 30 per cent in March 2021, and even lower than recent levels.
An application by MTN to the Johannesburg Securities Exchange to suspend trading in its shares just 20 minutes before it put out a short statement which said Bharti and MTN had agreed mutually not to proceed with the transaction also surprised analysts.
Bharatiya Janata Party on Thursday dubbed the coming together of Janata Dal- United and Rashtriya Janata Dal as an alliance of "defeated people."
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
Roger Federer called on Wednesday for a merger between the men's ATP Tour and the WTA, which runs the women's circuit, as tennis wades through a lengthy coronavirus shutdown with lower-level professionals in deep financial crisis. The tennis season was suspended in March due to the COVID-19 pandemic and the hiatus will continue at least until mid-July, depriving lower-level players, who depend solely on tournament winnings, of the chance to earn a living.
Next month, US e-commerce giant Amazon is set to complete a year in India.
In his first public appearance after talks were called off on September 30, Mittal, who is CMD of Bharti Airtel said, "No further talks with MTN and the current round is over."
Foreign banks and private credit funds are queuing up to fund acquisitions by Indian companies who are buying out their local rivals. The Adani Group, Torrent Group, and the Hindujas have approached several foreign banks and private equity (PE) firms to fund their acquisitions. Global investors have about $2 trillion of funds to invest, and about $100 to $150 billion is set aside for India, according to an estimate by JP Morgan.
Should the anti-defection law in India exist only to prevent democratically elected governments from being toppled?
'I don't think we have ever seen such alignment of everything that we need in the banking sector.'
Telangana Rashtra Samithi chief K Chandrashekhar Rao along with a delegation met Prime Minister Manmohan Singh to thank him for getting the Telangana Bill passed in Parliament and also discussed issues related to the new state.
Telangana Rashtra Samiti chief K Chandrashekhar Rao along with a delegation met Prime Minister Manmohan Singh to thank him for getting the Telangana Bill passed in Parliament and also discussed issues related to the new state.
Mergers to create at most six state banks
Zostel could get upwards of $600 million if arbitration goes through.
Although Walmart-Flipkart wholesale game-plan is to target about a $150 billion market out of a total pie of $700 billion in the country, the consolidation marks the end of the multi-brand dream of the American retail giant.
Assume Voot, JioCinema and Disney+ Hotstar are merged into one entertainment app, and you have a streaming service with more than 233 million unique visitors. That is a reach just under half of India's largest streaming app: YouTube. 'This level of consolidation does not exist even in the US.'
'This segment has performed very well for us and this is reflected in our bounce rate which is about three to four per cent.'
In what can be called as a major hint towards sewing up an unprecedented merger between two warring factions, the Sasikala and the O Panneerselvam groups of the All Anna India Dravida Munnetra Kazhagam met on late Monday night in Chennai.
The OPS camp believes Sasikala's family still calls the shot in the EPS camp.
To outgoing Vodafone CEO Vittorio Colao, negotiating big deals was an art form, as an international report pointed out after the $130-billion sale of Vodafone's 45 per cent stake in Verizon Wireless, says Nivedita Mookerji.
The party HQ, addressed as 'Thalamai Kazhagam' in Tamil, now has only banners of late chief minister J Jayalalithaa.
'If individual stocks start falling 25% to 30% or more, then I doubt how many of them will be able to withstand that (kind of selloff). That is when you'll see panic coming in.'
In what could be a prelude to Reliance Anil Dhirubhai Ambani Group claiming damages against Mukesh Ambani-controlled Reliance Industries for allegedly derailing the merger talks with South Africa's MTN group
Telekom Malaysia which already holds over 49 per cent equity stake (which it bought for over Rs 730 crore in Spice has been looking at expanding its base in India beyond just the two circles.
Bharti Airtel Ltd on Thursday said it is still in talks with South Africa's MTN over a deal which could see a merger of the two telecom giants with a combined revenue of $20 billion. The two companies would be in exclusive talks till July 31.
The rumour verification process would now be triggered by changes in price or 'material price movements', as the paper defines it. What this means is that companies would need to verify rumours only if the share price moves significantly.
Such a course would require a Constitutional Amendment, requiring a two-thirds majority in both Houses of Parliament. Even assuming that the INDIA combine comes to power at the Centre next year, a two-thirds majority in the Lok Sabha could way off the mark for them, observes N Sathiya Moorthy.
Chances of a merger of state-run telecom operators BSNL and MTNL look remote, even as the government advised BSNL's management to start talks with the union for taking the company public.
Bharti Airtel Ltd on Thursday said it is still in talks with South Africa's MTN over a deal which could see a merger of the two telecom giants with a combined revenue of $20 billion.
'AI is not a new thing for us. We started our AI journey in 2015.'
Bharat Sanchar Nigam Ltd has started talks on synergising operations with Mahanagar Telephone Nigam Ltd, which offers telecom services in Delhi and Mumbai.
Companies planning merger and acquisition (M&A) will have to disclose the extent of "complementary linkages" among them and their impact on the market. This comes under the revised reporting requirements of the Competition Commission of India (CCI). The changes will take effect on May 1. Entities may also have to provide market-facing data of the past five years with respect to their market size, the market share of the parties, and also that of the competitors, along with customers and suppliers.
The plan was activated in October last year.
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