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.
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.
Sharmila, the sister of Andhra Pradesh chief minister YS Jagan Mohan Reddy, had joined the Congress on January 4 in Delhi in the presence of Congress chief Mallikarjun Kharge and Rahul Gandhi.
State Finance Minister D Jayakumar said such "politics of opportunism" will not succeed.
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.
Delay in approvals and bureaucratic stonewalling create hurdles; experts fear return of licence raj.
With Housing Development Finance Corporation's (HDFC's) merger with HDFC Bank becoming effective on July 1, the merged entity is set to become the top weight in the benchmarks S&P BSE Sensex and the National Stock Exchange Nifty indices, dislodging the country's most valuable company, Reliance Industries (RIL), from its perch. HDFC will stop trading after July 13. At present, RIL has a weighting of close to 12 per cent in the Sensex and 10.3 per cent in the broad-based Nifty. Meanwhile, HDFC Bank and HDFC have weights of 9.9 per cent and 6.8 per cent in the Sensex and 8.8 per cent and 6 per cent in the Nifty, respectively.
Fierce competition and rising capex will put pressure on most operators in 2017.
Currently, Railways is facing a loss of Rs 34,000 cr in passenger segment and its earnings are falling.
With the filing of this approval with the Registrar of Companies, the legal process for the merger have been completed, an official release said.
When mutual funds merge schemes, there is a tax implication on the investor. Some calculations on how this works.
The merged entity will become the third biggest refiner behind IOC and Reliance Industries.
Last year, Tech Mahindra and Mahindra Satyam announced their intention to merge aming to create a $2.4 billion entity.
IT services major LTIMindtree reported a net profit of Rs 1,100 crore for the fourth quarter of financial year 2023-24 (FY24), down 1.2 per cent year-on-year (Y-o-Y) from Rs 1,141 crore in the same quarter last financial year. Revenue grew 2.3 per cent Y-o-Y for the fourth quarter to Rs 8,892.9 crore. Sequentially, revenue was down 1.4 per cent.
JCT Ltd board will meet on January 31, 2003 to consider the merger of five of its subsidiary companies.
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.
HDFC Asset Management Company (HDFC AMC) reported a healthy profit after tax (PAT) of Rs 430 crore for the July-September quarter (Q2) of financial year 2023-24 (FY24). It rose 20.2 per cent year-on-year (Y-o-Y) and decreased 8.4 per cent quarter-on-quarter (Q-o-Q). This was driven by good equity returns, leading to a sequential improvement in revenue yields.
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.
The NCP national leadership would take an appropriate decision on NCP state leadership posts after the merger.
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.
HDFC chairman Deepak Parekh on Friday exuded confidence that the synergies between HDFC Bank and the group companies will deepen with the bank taking on the mantle of ownership of the group following the reverse merger likely to be effective from Saturday. As chairman of HDFC Ltd, Parekh in the last message to the shareholders said home loans will now be complemented with HDFC Bank's core strengths -- its sales engine, execution capabilities at scale and deep insights on consumer behaviour. The reverse merger of parent HDFC Ltd with HDFC Bank is expected to be effective from July 1.
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.
Nearly 150 senior management staff will be asked to leave.
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.
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.
Steel Authority of India Ltd said on Thursday it plans to merge Neelachal Ispat Nigam Ltd and Maharashtra Elektrosmlet Ltd with itself.
However, the national party count has gone down to six from 14 in over seven decades.
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 National Company Law Tribunal's (NCLT's) declaration that Zee Entertainment is bankrupt adds a new measure of uncertainty to the proposed merger with Sony. Three entities -- Aditya Birla Finance, IndusInd Bank and YES Bank -- have filed appeals in the NCLT for recoveries of Rs 130 crore, Rs 90 crore and Rs 540 crore, respectively. The money was borrowed by a related party - Siti cable - and not returned. Zee was a corporate guarantor.
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.
The proposed merger between US- based Lucent Technologies Inc, a CDMA telecom equipment provider, and French major Alcatel is a 'strategic fit for India', a senior Lucent India executive said on Thursday.
Last week, the court had vacated the status quo order it had issued earlier on the merger process between Sun Pharma and Ranbaxy.
A merger between state-run telecom firms Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd is the best option because it would create the country's largest telecom company, said Kuldeep Goyal, chairman and managing director of BSNL.
This will be the second merger of an associate bank with the SBI after a similar exercise with the State Bank of Saurashtra in August 2008.
The board of HDFC Bank has approved the appointment of Keki Mistry and Renu Karnad as the additional non-executive directors of the bank, and V Srinivasa Ranjan as its executive director. Mistry was the chief executive officer and vice chairman of HDFC, which merged with the bank today (1 July 2023). Karnad has been the managing director of HDFC since 2010. Ranjan was the executive director and chief financial officer of HDFC.
A meeting presided over by Palaniswami said the appointment of Dinakaran as deputy general secretary was against party rules.
Minister of State for Communication Shakeel Ahmad said that the exact modalities for effecting it would take some time because of the complexities involved.
DEA officials to push for this at a meeting with FM Jaitley.
State owned refiner Indian Oil Corporation has proposed merger of its subsidiaries Indian Oil Blending Ltd, IBP Co Ltd, Bongaigaon Refinery and Petrochemicals Ltd and Chennai Petroleum Corp Ltd with itself, Petroleum Minister Mani Shankar Aiyar said
