Nearly 150 senior management staff will be asked to leave.
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.
As Prabhakaran was leaving his house, Rajiv Gandhi called his son Rahul and asked him to fetch his (Gandhi's) bulletproof jacket. He put the jacket on Prabhakaran's back and remarked with his usual charming smile: "Take care of yourself."
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.
Last week, the court had vacated the status quo order it had issued earlier on the merger process between Sun Pharma and Ranbaxy.
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.
Minister of State for Communication Shakeel Ahmad said that the exact modalities for effecting it would take some time because of the complexities involved.
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
DEA officials to push for this at a meeting with FM Jaitley.
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.
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.
A meeting presided over by Palaniswami said the appointment of Dinakaran as deputy general secretary was against party rules.
The mystery surrounding the alleged fund diversion from Zee Entertainment Enterprises (Zee) by founders Subhash Chandra and Punit Goenka has thickened with speculations of an amount multiple times higher than that cited by the ex-parte interim order passed by the Securities and Exchange Board of India (Sebi) dated June 12, 2023. While Zee shares witnessed a fresh selloff on Wednesday, news reports of accounting fraud left investors guessing about the hole in the media broadcaster's books. An order by the Securities Appellate Tribunal (SAT) in October 2023 had clearly hinted that Sebi's investigation had found a deeper rout.
Credit-to-deposit (CD) ratio of major public sector and private sector banks during the October-December quarter of FY24 inched up as compared to the previous quarter though government-owned lenders reported a lower rate than their private peers. CD ratio is the ratio of the funds that banks lend as compared to the funds raised in the form of deposits. The CD ratio of top public sector banks (PSBs) - State Bank of India, Punjab National Bank, Bank of Baroda and Canara Bank - was lower than their private counterparts.
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.
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
The April-June quarter (Q1) of the current financial year (FY25) may be soft for banks with loan growth moderation, net interest margin (NIM) pressures, and higher staff and credit costs inching up, according to analysts. Credit growth could ease due to the lagged impact of the Reserve Bank of India (RBI) tightening and deposit growth has weakened, and the current account and savings account (CASA) ratio has declined 10-370 basis points (bps) quarter-on-quarter (Q-o-Q) for many banks.
The government on Thursday said it has not taken any decision so far regarding the merger of telecom public sector undertakings BSNL and MTNL.
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.
On the night of July 5, the Tigers launched their first kamikaze operation. Miller took the wheels of the explosive-packed truck, smiled at everyone as he turned the ignition key and drove it slowly towards the Sri Lankan military camp. A few moments later all of Jaffna heard a thunderous explosion that brought the complex crashing down in clouds of dust. Miller had given birth to a deadly tactic that Prabhakaran would employ time and again with devastating consequences to Sri Lanka -- and India. A fascinating excerpt from M R Narayan Swamy's must read new book, The Rout Of Prabhakaran.
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
Torrent to buy Ranbaxy's anti-bacterial generic
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
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.
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.
Payouts to key management personnel in non-banking financial companies (NBFCs) are under the banking regulator's scrutiny. Top industry officials said this is a follow-through on the Reserve Bank of India's (RBI's) circular of April 29, 2022, which asked NBFCs in the "middle" and "upper" layer of its four-tiered scale-based regulatory (SBR) framework to put in place a board-approved compensation policy.
'Our priority remains brownfield expansion, and in the next few years, we plan to increase our capacity to around 6,000 beds.'
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.
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.
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 country's most valuable lender HDFC Bank can perhaps no longer claim to be a favourite of foreign portfolio investors (FPIs). Two data indicators, both somewhat interconnected, point to this - the diminishing premium of HDFC Bank's American depositary receipts (ADRs) compared to local shares, and the ample investment opportunities available to FPIs in the domestic market. The ADR premium has shrunk to below 5 per cent, down from over 30 per cent in March 2021, and even lower than recent levels.
