RCP Singh alleged that Kumar "had made up his mind to betray the mandate of 2020 when people had voted the NDA back to power."
Sony Picture Network India (SPNI) management is committed to long-term growth in India and the company will actively explore new organic and inorganic possibilities to strengthen its presence in the country, company managing director and CEO, NP Singh told employees. In a letter, two-days after the calling off of the $10 billion merger deal with Zee Entertainment, he asked employees to focus on current projects, with an immediate goal to unleash the company's full potential, continuing to craft content that not only engages audiences but also boosts subscriber growth and revenues. "As we close the chapter on our proposed merger with ZEEL (Zee Entertainment Enterprises Ltd), I want to take a moment to talk to you - not just as your CEO but as someone who has been on this journey with you.
Analysts say mergers by India's airlines have not been successful so far because of their objectives: it's to either kill competition or acquire flying rights to fly international.
On August 17, the top court had deferred the hearing on Dilawar's plea after it was informed that the Chief Justice of the high court has reportedly tested positive for COVID-19 and the functioning was postponed till August 19.
Speculation about Sharmila growing closer to the Congress has been doing the rounds for quite some time after she met Karnataka Deputy Chief Minister D K Shivakumar in Bengaluru in May to congratulate him on the victory of the party in the neighbouring state.
Business is down to such an extent that last year these firms could not even meet RBI's capital norm of Rs 50 million for partnerships and Rs 100 million for public and private firms in this line of business.
This merger, Bhupesh Bhandari believes, will be watched keenly by management gurus the world over.
A decision on the merger will take some time as there are procedural problems with MTNL being a listed entity and BSNL non-listed.
FTIL prepares to challenge the order in the Bombay high court
Dabur's performance in the July-September quarter of the current financial year (Q2FY25) was weak but in line with consensus. Consolidated revenue declined 5 per cent year-on-year (Y-o-Y) due to a temporary adjustment in General Trade (GT) inventory. Indian revenue declined 7.6 per cent, while international business grew 13 per cent Y-o-Y in constant currency (CC) terms.
Leading FMCG maker HUL said that it has received a demand notice of Rs 962.75 crore from the Income Tax Department and will go in for an appeal against the order. The notice relates to non-deduction of TDS on payment of Rs 3,045 crore to GlaxoSmithKline Consumer Healthcare (GSKCH) for the acquisition of Intellectual Property Rights of the Health Foods Drinks (HFD) business consisting of brands as Horlicks, Boost, Maltova, and Viva, according to a recent exchange filing.
The post-Covid pandemic boom in corporate revenues appeared to have faded away in 2023-24. Yet, companies have reported a sharp recovery in their profits in FY24, driven by high margins. Their combined net sales, including gross interest income for lenders, rose by a modest 4.8 per cent year-on-year (Y-o-Y) in FY24.
Tata Power's Q2FY25 reported results were above consensus despite challenges like low plant availability at Mundra and Odisha discom operations affected by rain. A positive development for the power major included module manufacturing hitting nearly 100 per cent capacity utilisation. The Board has approved an investment proposal for a 1GW pumped storage project (PSP).
Seeking to create a global-sized bank, the Cabinet on Wednesday gave the go-ahead to the merger plan of SBI and its five associates, a step aimed at strengthening the banking sector through consolidation of public banks.
AIADMK-Amma led by Palaniswami accused the O Panneerselvam faction of "refusing" to come for talks.
'A long-term investor with a 4 to 5 year horizon could invest in this theme via SIPs.'
Mahendra Singh, whose death has convulsed the Mewar royal family's succession issues, was himself excluded from the family trust by his father who gave control to the younger son, Arvind Singh. It is this decision that years later has cast a shadow on Vishvaraj Singh's coronation, reports Prakash Bhandari.
After hearing, the high court dismissed the petition as the Speaker had passed the order on BJP MLA's complaint to disqualify the BSP legislators.
'Some of the astounding proposals, if translated into statutory provisions, would be suicidal.' 'This would not be a wonder cure for increasing insurance penetration and only result in mushrooming growth of players like paan kiosks with deleterious consequences.'
The recent move by a group of eight Congress MLAs in Goa to merge with the ruling Bharatiya Janata Party was as per constitutional norms, state assembly speaker Ramesh Tawadkar said.
HCL, MindTree in the fray. The company is reportedly in talks with Delhi-based HCL Technologies and Bangalore-based MindTree. HCL, with whom discussions are on for a cash-less merger, seems to be the front-runner, investment banking sources said.
'Price competition is fierce, with many companies selling at zero margin.' 'This pricing pressure is challenging smaller companies and will likely drive some out of the market over time.'
Long-term macro trends indicate growth in demand for air travel. Trends from the ticketing website MakeMyTrip indicate a likely annual growth of between 11-17 per cent in Indian air travel demand over FY24-30. Through that period, InterGlobe Aviation or IndiGo may continue to make gains in market share in both domestic and international travel, aided by large fleet additions. IndiGo is the largest global customer of Airbus by far with 950 aircraft orders outstanding.
Domestic office automation giants Gestetner India and Ricoh India on Tuesday announced their merger into a single entity.
'SBT's merger with SBI could lead to closure of several branches and hurt employment opportunities.'
Lately the mutual fund industry has been witness to a string of mergers between fund houses as well as consolidation of schemes within the same fund house.
The CM, along with Lok Sabha Deputy Speaker M Thambidurai, met the PM at his office in Parliament House.
While it was technically not possible to block the deal, the tax department could resort to arm-twisting.
The transaction is an all equity merger with 4.39 shares of HUL being allotted for every share in GlaxoSmithKline Consumer Healthcare India
Too many thorny issues, parent Holcim will take up matter later.
The Department of Telecommunications (DoT) has significantly tightened the noose on mergers among telecom operators within a circle by imposing a three-year lock-in period, besides making it mandatory for them to take prior permission from the ministry.
Sitharaman said the government understands that the contours and tone of issues for each sector varied from one to the other.
Shares of healthcare services major Max Healthcare Institute have gained over 23 per cent since the start of this month and the stock crossed the Rs 1 trillion mark on September 24. On September 25, it closed 989.85 apiece at the NSE. The gains were cornered on the back of a strong outlook for the sector and aggressive expansion plans for the chain led by acquisitions and organic growth.
Every service provider, say analysts, now needs to make a much larger investment, and therefore needs a much larger share of the market to be profitable.
Among other demands, the unions are also seeking immediate introduction of five-day week in full and reduction of cash transaction hours and regulated working hours.
Both sports and digital will drag down the healthy operating margins that entertainment television continues to make.
The reconciliation efforts between Hockey India and Indian Hockey Federation suffered a setback on Friday, with the IHF rejecting the merger proposal in its current form.
Experts attribute the lower target to increased allocation under the credit guarantee scheme for small businesses. Out of the Rs 3.21 trillion worth loans sanctioned under the Pradhan Mantri Mudra Yojana (PMMY) in the last financial year, Rs 3.12 trillion were disbursed to entrepreneurs, according to official data.
Uniproducts India Ltd approved the merger of HP Pelzer India Pvt Ltd with the company.
Sun-Ranbaxy are keen to complete the merger process.
