JM Financial, Axis Bank, and Bank of America have been roped in as the bankers to run the mandate, say sources.
Comment by SoftBank board member sets off talk of Ola-Uber merger.
With the political scenario in Bihar heating up in view of approaching assembly polls and the much-publicised Janata Parivar merger in doldrums, Rashtriya Janata Dal President Lalu Prasad on Monday threw the ball in Chief Minister Nitish Kumar's court saying it was time to decide about the alliance.
Maharashtra minister and NCP leader Nawab Malik on Thursday accused NCB's zonal director Sameer Wankhede and his family of obtaining two separate certificates of his mother following her death in 2015, each mentioning her as Muslim and Hindu.
HR Guru Mayank Rautela tells you what you can do when you face such a situation.
The Reserve Bank of India (RBI) has approved a three-member committee of directors to run the day-to-day functioning of cash-strapped Lakshmi Vilas Bank.
Apart from a stake buy, some other options on the table include a merger of the entertainment businesses of Sony and Network18 Media.
Two brothers have begun collaborating in certain businesses.
Yuri Alemao, Altone D'costa and advocate Carlos Alvares Ferreira, the three Congress MLAs who didn't join the eight of their former party men in jumping ship speak up about their decisions and their motivations to stay with the 137-year-old Congress.
Anil Ambani-controlled Reliance Capital Ltd said on Tuesday that it did not have any discussions with ICICI Bank for picking up its stake in Federal Bank.
Media major Zee Entertainment Enterprises Ltd (ZEEL) has cancelled its board meeting, scheduled to be held on Wednesday for considering the results for the July-September quarter, due to lack of quorum. In a regulatory filing on Tuesday, ZEEL said, "A meeting of the Board of Directors of the Company, which was scheduled to be held on Wednesday, October 27, 2021, inter alia, to consider and approve the unaudited financial results of the Company both on a standalone and consolidated basis for the 2nd quarter and half year ended September 30, 2021, has been cancelled due to lack of quorum." The development comes at a time when the company is battling it out the single-largest shareholders Invesco Developing Markets Fund (formerly Invesco Oppenheimer Developing Markets Fund) and OFI Global China Fund LLC that together hold 17.88 per cent and have been pressing for an extraordinary general meeting of shareholders for removing managing director Punit Goenka, besides opposing ZEEL's proposed merger deal with Pictures Network India (SPNI).
The merged club will come into existence in June and compete in the ISL 2020-21. The two sides will, however, play separately in the current I-League and ISL seasons.
'This is not a small change, it's a BIG change. People wanted to hear the voice of their PM. They can do so now. This is a big parivartan.'
As debt piles up, Anil Ambani's ability to see the asset sale plan through will be crucial
Earlier this year, the Union Cabinet gave the management of state-run companies the freedom to decide on divesting their subsidiaries. However, the very next day a meeting was held at the top level of the Government of India, for the presentation of proposals for more autonomy for state-run companies. Interestingly, no chiefs of any of these companies were invited. It is a problem that will stare the government in the face with the state-owned banks too, as talks have again begun for inviting strategic investments in these companies.
Given the company's expansion into internet and retail, more investments including mergers and acquisitions seem highly likely.
'We have to think of the repercussions if public sector banks are privatised and if they go to foreign hands.'
HR Guru Mayank Rautela offers practical advice.
The onus of the tax dues of Rs 22,100 crore on Vodafone India's British parent could also fall on the merged entity.
No date has been announced for Air India's induction into the club of more than 28 leading carriers
As the merger brought to an end weeks of suspense during which there was tough negotiations, the two factions said steps would be taken to expel party chief V K Sasikala.
'How can you explain the necessity of selling an institution that has been delivering regular returns to the government, that has never asked for any capital from the government, that has invested Rs 38 lakh crores in the Indian economy and that owns 4 per cent of the market capitalisation in India?'
Runway 34 is a clumsy cocktail of Hollywood movies spiked with the Bollywood brand of God complex, sighs Sukanya Verma.
The Sensex took less than two years to rally from the 10,000-mark it first hit in February 2006 to double that on that New Year's Eve.
'...Rs 137 lakh crores of people's money?' 'It is not the government's money, it is people's money.'
In a pre-Budget meeting with Finance Minister Nirmala Sitharaman, the corporate leaders highlighted several issues, including certain income tax matters which were coming in the way of mergers and acquisitions or slowing them down and roles that need to be played by state businesses to prosper at the ground level.
With uncertainty prevailing over 'Janata Parivar' constituents contesting the Bihar assembly polls as one party, Chief Minister Nitish Kumar on Monday asked Samajwadi Party chief Mulayam Singh Yadav to convene a meeting of the merger committee to "clear the air".
Rajinikanth will announce his decision by the end of this month through a video message on his Twitter handle.
The All India Football Federation (AIFF) president Praful Patel took a veiled dig at Goan clubs on Tuesday for not having the required "bandwidth" to continue in the revamped top tier league as they are "not investing" in football while providing excuses.
Sources in the know said the government would initiate talks with businesses, including Tatas, shortly for divesting its stake in the national carrier.
Future Retail Ltd (FRL) on Wednesday said it is "committed" to reversal of takeover of its stores by Reliance Retail and will take all such action as may be necessary to seek value adjustments. The Kishore Biyani-led firm also said the action of the Reliance Group has come as a "surprise" to it. Moreover, the action of taking possession of its stores has "complicated" the positive scenario which had started building up after a CCI order in December 2021, FRL said in a regulatory filing.
'We showcased about 20 use cases in 5G trials in Pune and Gandhinagar and some of them were interesting and innovative.' 'However, which ones will take off and which ones would not be relevant, we don't know yet.'
Lack of consensus on 'how not to let Jignesh Shah get away' could become a huge embarrassment for the government.
Kamil's elder sister Samina Vaziralli has taken on an expanded role
Changing tracks helps. But, not taking the beaten path isn't always helpful. This is the story of two of India's biggest privatisations - Air India and Bharat Petroleum (BPCL). Nearly two decades after the last privatisation, a landmark divestment concluded this year when the loss-making national carrier Air India was sold to the Tatas.
However police said they were investigating the reason behind his suicide.
The Board of Control for Cricket in India (BCCI) has pegged the base price for the combined IPL media rights at Rs 32,890 crore, nearly double the Rs 16,347 that Star Disney paid five years ago. Experts say that at these levels, there does not seem to be any profit-and-loss logic at play. It is more about what premium broadcasting companies are ready to spend for market share dominance. They point out that due to competition, they expect the final price to hit Rs 40,000-50,000 crore.
"By next week, the government will work out the exact arrangement through which the work burden on Parrikar could be reduced," he said.
OPS also requested the EC to restarin Sisikala's pick Dindigul C Sreenivasan from functioning as the party treasurer
Revenues of Airtel and Idea have been hit by falling realisation and analysts said margins would be affected by higher costs.
