There are several discussions going around in the e-health sector for consolidation with key players being PharmEasy, 1mg, Medlife and Netmeds. According to reports, Reliance Jio is in talks with Netmeds to acquire the latter.
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.
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.
Facing disruptions due to non-availability of crew, Vistara on Sunday announced reducing 10 per cent of its capacity or 25-30 flights daily and most of the cancellations are in the domestic network as the Tata Group airline strives to stabilise operations. The full-service carrier is to operate over 300 flights daily in the ongoing summer schedule and witnessed significant disruptions earlier this week as many pilots reported sick, resulting in cancellations of flights. "We are carefully scaling back our operations by around 25-30 flights per day, i.e. roughly 10 per cent of the capacity we were operating.
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.
TDSAT had stated no amount was payable till resolution of the disputes.
Hindalco Industries Ltd okays merger of Indo Gulf Corporation Ltds copper business with the company.
Merged entity to be named Kingfisher Airlines.
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.
Kingfisher and Deccan swap of shares will be finalised by April, upon Sebi's approval.
State Finance Minister D Jayakumar said such "politics of opportunism" will not succeed.
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.
The merged entity will become the third biggest refiner behind IOC and Reliance Industries.
Fierce competition and rising capex will put pressure on most operators in 2017.
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.
Growing concerns over slower-than-expected margin recovery, amid weak deposit growth have caught HDFC Bank's investors off guard. HDFC Bank's stock on Wednesday plunged nearly 9 per cent to hit an intraday low of Rs 1,527 on the BSE after reporting weaker-than-expected earnings in the third quarter (October - December) of the current financial year (Q3FY24). The shares of India's biggest private lender closed at Rs 1,536.9, down 8.46 per cent.
Re-rating of Axis Bank's stock may continue in the near-future, believe analysts, as the risk-reward on the stock remains favourable amid healthy financials. The bullish stance comes after the Mumbai-based lender delivered a strong outperformance in the March quarter of fiscal year 2023-24 (Q4FY24) on core pre-provision profit and net profit, with improving asset quality. Axis Bank's net interest margin (NIM) expanded, against expectations, even in a tough market.
Currently, Railways is facing a loss of Rs 34,000 cr in passenger segment and its earnings are falling.
Delay in approvals and bureaucratic stonewalling create hurdles; experts fear return of licence raj.
With the filing of this approval with the Registrar of Companies, the legal process for the merger have been completed, an official release said.
Last year, Tech Mahindra and Mahindra Satyam announced their intention to merge aming to create a $2.4 billion entity.
When mutual funds merge schemes, there is a tax implication on the investor. Some calculations on how this works.
HDFC Bank Q4 review: HDFC Bank's January-March quarter (Q4) results, for financial year 2022-23 (FY23), brought no cheer to investors as elevated costs, and merger-related uncertainties continue to dent the sentiment. Moreover, analysts fear that merger-related costs may put pressure on margins and cost to income ratio in the near-term, while the return on equity could moderate owing to low leverage of the parent. Analysts, therefore, opine that the stock's re-rating may be some time away. "While the risk of a de-rating on a standalone basis appears to be quite low given that the business performance is holding up well, we believe a re-rating in the stock would happen as and when more clarity emerges on the smooth transition (merger)," said a report by Sharekhan.
Last month, the high court had ordered an interim status quo on the $4-billion deal, after a suit from some individual investors alleged insider trading in Ranbaxy's shares by Silverstreet Developers, Sun's wholly owned arm, before the deal was announced on April 6.
JCT Ltd board will meet on January 31, 2003 to consider the merger of five of its subsidiary companies.
This will trigger an open offer under SEBI norms and TCIL will seek to buy up to 26 per cent in Sterling for Rs 230 crore.
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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.
Reliance Industries Limited (RIL) is set to carry out a major restructuring exercise. Nine of its retail units would be merged with Reliance Retail and Reliance Fresh.
Since the demise of former All India Anna Dravida Munnetra Kazhagam supremo and chief minister J Jayalalithaa in December last year, Tamil Nadu's political scenario has witnessed unprecedented drama. Following is the chronology of major events in the southern state's ruling party.
The NCP national leadership would take an appropriate decision on NCP state leadership posts after the merger.
Nearly 150 senior management staff will be asked to leave.
The rosy picture of India Inc's acquisition spree both at home and abroad could dissolve into a nightmare if employee related issues post-M&As are not taken care of strategically.
HDFC Bank Q1FY24 results analysis: Shares of HDFC Bank, the world's seventh largest financial entity, have advanced 2 per cent in two days, as against 1 per cent rise in the benchmark S&P BSE Sensex, after the lender reported its April-June quarter (Q1) results for financial year 2023-24 (FY24) on July 17. The S&P BSE Bankex index, meanwhile, has gained 1.3 per cent. While the near-term stock performance may remain sideways due to merger-related hiccups, analysts remain bullish on the stock's long-term prospects.
The country's most valued firm RIL's bid to acquire a majority stake in bankrupt petrochemical group was called off by LyondellBasell after the latter found the price offer was undervaluing the company.
Steel Authority of India Ltd said on Thursday it plans to merge Neelachal Ispat Nigam Ltd and Maharashtra Elektrosmlet Ltd with itself.
Last week, the court had vacated the status quo order it had issued earlier on the merger process between Sun Pharma and Ranbaxy.
There is no proposal to merge Nilachal Steel Corporation with SAIL but the process for the government's proposed merger of Nilachal Ispat Nigam Limited with Steel Authority of India Ltd is underway, the Lok Sabha was informed on Monday.
The mega-merger of state-run carriers Air India and Indian received the final government nod on Thursday, with the Union Cabinet giving a go ahead to the proposal of the Group of Ministers in this regard.
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