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.
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.
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.
'We are the real Shiv Sena and we will remain in the Sena.'
A meeting presided over by Palaniswami said the appointment of Dinakaran as deputy general secretary was against party rules.
'We created war rooms -- from an IT perspective and also a customer war room -- to address any challenges that come up.'
Nikkei 225 index hit the 40,000 mark for the first time ever on Monday, continuing its bull-run that saw the index reclaim its 1989 peak of 34,000 levels in February. as global investors latched on to Japan's biggest companies on improving shareholder returns, the weaker yen and booming corporate profits. Analysts remain bullish on Japan, mostly aided by gains in technology shares. Adoption of artificial intelligence (AI), according to a note by Morgan Stanley, is likely to benefit Japanese companies, which is almost at par with the US-based companies.
Following the Reserve Bank of India's (RBI's) action against Paytm Payments Bank, participants in the fintech ecosystem have turned their attention to giving priority to compliance with regulatory norms. Fintech industry players say the episode will ensure adherence to such measures. Executives Business Standard spoke to said companies should have clarity on their requirements.
DEA officials to push for this at a meeting with FM Jaitley.
Minister of State for Communication Shakeel Ahmad said that the exact modalities for effecting it would take some time because of the complexities involved.
Private life insurers experienced reasonable growth in the July-September quarter (second quarter, or Q2) of 2023-24 (FY24), and the October data is also encouraging. The individual weighted received premium (WRP) for private players grew by 19.8 per cent year-on-year (Y-o-Y) in October. However, Life Insurance Corporation (LIC) of India had slower growth, pulling the industry growth rate down to 13 per cent Y-o-Y.
Should the anti-defection law in India exist only to prevent democratically elected governments from being toppled?
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
The government plans to consider the issue of merger between BSNL and MTNL on the basis of suggestions made by a financial consultant appointed by the centre, chairman and managing director of BSNL A K Sinha said.
Siltap Chemicals Ltd plans a merger with Supreme Industries Ltd.
Categorically ruling out the possibility of a merger with any other party at any point, YSR Congress on Saturday dared the opposition Telugu Desam Party to move a No Confidence Motion in the assembly against the Congress government in Andhra Pradesh. Addressing a press conference, party spokespersons Bajireddy Goverdhan, Vasireddy Padma, and Rehman refuted the "politically-inspired media propaganda" that YSR Congress would merge with the Congress.
Matrix Laboratories Ltd and Strides Arcolab Ltd on Saturday said they have called off the proposed merger as the two companies were unable to reach an agreement on valuation.
The Anglo-Dutch merger was meant to revive the ailing British Steel which had incurred a net loss of 81 million in the year ended March 31, 1999
Mortgage lender HDFC Ltd on Monday said its board has approved raising funds through non-convertible debentures (NCDs) in tranches aggregating to Rs 57,000 crore. The board has cleared issuance of unsecured, redeemable, non-convertible debentures under a Shelf Placement Memorandum, aggregating Rs 57,000 crore, in various tranches, on a private placement basis, HDFC said in a regulatory filing. This is in accordance with the approval granted by the shareholders of the HDFC at the 45th annual general meeting held on June 30, 2022, it said.
Torrent to buy Ranbaxy's anti-bacterial generic
The much-talked merger of the two state-owned telecom giants -- Mahanagar Telecom Nigam and Bharat Sanchar Nigam -- is understood to have been put on hold
Highly-rated finance firms and housing finance companies are expected to benefit from the absence of Housing Development Finance Corp (HDFC) from the bond market once it merges with the HDFC Bank in early FY24. Post merger, the bond market is expected to become less crowded, which will ease fund raising conditions for other players in the field. It may perhaps also compress the spread for debt instruments floated by housing finance companies (HFCs) over 10-year government bonds, subject to demand and supply conditions.
Goldman Sach's chief Lloyd Blankfein had called up his Citigroup counterpart Vikram Pandit to discuss a merger but the proposal was rejected by the India-origin chief executive officer, The Financial Times has reported.
The government on Thursday said it has not taken any decision so far regarding the merger of telecom public sector undertakings BSNL and MTNL.
Panneerselvam's remark came a day after the two factions were squabbling and blaming each other for the delay in the talks getting off the ground.
With the Catholic Syrian Bank (CSB) board scheduled to meet on Friday to discuss the proposal of the merger with Federal Bank, the Catholic Church is also gearing up to agitate against the move.
In the first ever indication of a possible merger of two public sector telecom companies, MTNL and BSNL, the government on Thursday said it was appointing advisors for synergising their operations.
We present a few tips which will help investors decide when they are faced with a merger scenario.\n\n
The government is not averse to mega merger of banks and financial institutions like IDBI and IFCI, if all stipulated norms of the Reserve Bank of India are met, Finance Minister P Chidambaram said on Wednesday.
Panneerselvam also remained firm on his faction's demand for a probe into late J Jayalalithaa's death.
Congress and the Telangana Rashtra Samiti on Wednesday gave divergent versions on the issue of merger even after their leaders have held a series of meetings since Parliament gave its nod for creation of Telangana last week.
The actor said the "clown's cap" was now being foisted on the head of Tamils and urged them to "erupt".
Net foreign direct investment (FDI) in India, inflows minus outflows, declined sharply in April-August this year to $2.99 billion from $18.03 billion in the same period last year on moderation in global activities and a rise in repatriation. The Reserve Bank of India's data (October 2023 bulletin) said FDI in India was $7.28 billion and FDI by India, that is money invested abroad from the country, was $4.28 billion in April-August 2023. As for 2022, FDI in India was $22.79 billion and FDI by India was $4.76 billion in April-August.
Even though staff below the officers rank is not participating in the strike, but activity in the country's largest lender and its associate banks will be affected.
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