'We are the real Shiv Sena and we will remain in the Sena.'
The merger between the RIL and RPL would enhance value for shareholders of both the companies, RIL Chairman Mukesh Ambani said in Mumbai on Monday.
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.'
The Reserve Bank of India (RBI) has given HDFC Bank six months to migrate HDFC's home loan customers to external benchmark linked lending rate (EBLR), top sources in the bank told Business Standard. Almost half of HDFC's 5.4 million customers are home loan customers. It is mandatory for banks to link retail loans and loans to micro, medium and small enterprises to an external benchmark. Non-banking financial companies do not have such a mandate.
Party sources indicated that there were "some ticklish issues" that were to be addressed by both groups, but declined to elaborate further.
Beleaguered retail chain Subhiksha on Friday said Kotak Mahindra Bank, which had lent Rs 40 crore (Rs 400 million) to it, on Friday objected to merger of the company with city-based Blue Green Constructions and Investments Ltd.
While Airtel may be pushed to to No 3, Jio will find it mighty difficult to beat the new entity.
Shareholders of Mukesh Ambani-led Reliance Industries met in Mumbai on Saturday in an extra-ordinary general meeting to vote on the merger of its subsidiary Reliance Petroleum with the company.
Ambani said, in the telecom space, the focus will be on debt reduction, and the virtual merger did away with the need for major capex and will help towards this
The Congress believes the Telangana Rashtra Samithi will decide in favour of a merger as the decision on statehood has deprived the regional party of its chief electoral plank and an issue that defined its identity. Anita Katyal reports
Could address the concerns over Companies Act provision on the issue
The government has approved the merger of fuel retailer IBP Co Ltd with IOC in an amalgamation that would provide the state-run refiner improve profits and allow the new entity to compete against private firms and multinationals.
While boards of both the banks had approved the merger plan, bank employees went on one-day strike protesting the move.
The merged entity will become the third biggest refiner behind IOC and Reliance Industries.
In a major setback, the much-anticipated merger process between Hockey India and Indian Hockey Federation fell apart, thereby plunging the fate of the national game into deep uncertainty.
TDSAT had stated no amount was payable till resolution of the disputes.
Lanco Industries Ltd approved the merger of the company with Lanco Kalahasthi Castings Ltd. Ernst & Young Private Ltd has been commissioned to recommend the swap ratio.
Raghu Menon, CMD of National Aviation Company of India (Nacil), had said last year that more than 70 per cent of the merger process would be completed by the end of FY09.
State Finance Minister D Jayakumar said such "politics of opportunism" will not succeed.
The telecom ministry will decide on the merger between the state-owned telecom companies, Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd, only after the listing of the former.
After opening close to 1,500 branches in 2022-23, HDFC Bank, the country's largest private sector lender, will continue expanding its branch network at the same speed in the current financial year. The lender says branch expansion is crucial for deposit mobilisation. As of March 31, 2023, HDFC Bank had 7,821 branches, up from 6,342 a year ago.
Fierce competition and rising capex will put pressure on most operators in 2017.
The ruling Nationalist Congress Party in Maharashtra clarified on Sunday that it had received no proposal from the Congress for a merger nor did it have any such plan in the run-up to the election to the 288-member state assembly slated for September-October.
Hindalco Industries Ltd okays merger of Indo Gulf Corporation Ltds copper business with the company.
'Our unsecured loan is not exactly unsecured. It is backed by cash flow of customers.'
The Telangana Rashtra Samiti has ruled out merger with the Congress and refused to give any commitment on an alliance with the party in the coming Lok Sabha elections.
Currently, Railways is facing a loss of Rs 34,000 cr in passenger segment and its earnings are falling.
Merged entity to be named Kingfisher Airlines.
'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.'
Kingfisher and Deccan swap of shares will be finalised by April, upon Sebi's approval.
Ruling out merger with the Uddhav Thackeray-led Shiv Sena, Maharashtra Navnirman Sena chief Raj Thackeray Tuesday said he had no intention of aligning with anybody.
'The deal pipeline across products is robust for 2024.'
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