Notwithstanding record revenues in certain media sectors like film exhibition in the July-September quarter (second quarter, or Q2), the operational performance of the broadcasting business remained subdued. Zee Entertainment Enterprises and Sun TV are expected to experience a year-on-year (Y-o-Y) decline in advertising (ad) revenues during this period. Conversely, box office (BO) collections are anticipated to exceed Rs 3,000 crore in the quarter, propelled by a series of successful movie releases.
'Our unsecured loan is not exactly unsecured. It is backed by cash flow of customers.'
Noting that the talks between GM and Cerberus Capital Management, the private equity arm that owns Chrysler, began over a month ago, the New York Times said, 'negotiations are not certain to produce a deal.' Quoting two people close to the process, the newspaper said that chances of a merger were "50-50" as of Friday and "would most likely still take weeks to work out."
The Planning Commission will finalise in a couple of months a draft on an integrated energy policy, which will include its views on merger of oil public sector undertakings.
Mergers to create at most six state banks
In its petition, the association alleged that the procedure followed by the Union Government for the merger was not proper and was illegal. A new company, National Aviation Company of India Ltd was incorporated in March this year as promoter of the new brand and the merger would take two years to become effective.
The five-judge constitution bench headed by Chief Justice DY Chandrachud, which heard their contentions at length, told them they will have to justify the procedure adopted for abrogation as the court cannot postulate a situation "where the ends justify the means".
Speaker Om Birla sought to calm down opposition members, noting that a different system was in place to run the Sansad TV after it was created following the merger of the Lok Sabha TV and the Rajya Sabha TV.
Ahead of assembly polls in Maharashtra, Nationalist Congress Party chief Sharad Pawar on Wednesday ruled out the possibility of merger with Congress, terming as "cheap publicity" statements in this regard made by that party.
Ashwani Lohani said employees were wrongly blamed for woes of the organisation due to the merger that didn't happen
Walt Disney Co and Reliance Industries on Wednesday announced signing of binding pacts to merge their media operations in India to create a Rs 70,000 crore behemoth. Reliance and its affiliates will hold 63.16 per cent in the combined entity while Disney will hold the remaining 36.84 per cent, the companies said in a statement.
The Competition Commission of India and the US Federal Trade Commission are yet to give their nod to the biggest pharma merger and acquisition deal this year in the Asia-Pacific region.
To outgoing Vodafone CEO Vittorio Colao, negotiating big deals was an art form, as an international report pointed out after the $130-billion sale of Vodafone's 45 per cent stake in Verizon Wireless, says Nivedita Mookerji.
The government is considering allowing intra-circle merger and acquisitions in the telecom sector, subject to the presence of minimum three service operators in a particular circle.
On Tuesday, BJP President Amit Shah had mocked the alliance saying 'zero plus zero remains a zero'.
To begin with, there would be the immediate integration of various technology stacks. This would create more business for global consulting and IT services entities such as KPMG, PwC, EY, Accenture and IBM, among others. Indian service providers - Infosys, Tata Consultancy Services (TCS), and Wipro, for instance - would also cash in.
This will be the lender's first result after its merger with HDFC Ltd, effective from July 1, and will keep analysts glued to the management's earnings growth guidance for the merged financial behemoth.
This will be second such merger of State Bank of India's associate banks.
Nicholas Piramal India Ltd said Bombay High Court approved its merger with Global Bulk Drugs & Fine Chemicals Pvt Ltd.
Indian telecom equipment maker GTL Ltd and the Singapore-based Redington Group said on Thursday that they would not proceed with their proposed merger.
"Though the management has agreed to pay the pending arrears to ACEU, the other unions have not been paid yet," said a union member.
The group is looking into a new role for Ranbaxy CEO and MD Arun Sawhney.
Bharatiya Janata Party on Thursday dubbed the coming together of Janata Dal- United and Rashtriya Janata Dal as an alliance of "defeated people."
General Motors Corp and Chrysler LLC have reopened merger talks, as Chrysler owner Cerberus Capital Management LP has signalled its willingness to give away part of its ownership in the auto maker, a media report said today, citing people familiar with the goings-on.
After the revival of its ailing subsidiary IISCO, Steel Authority of India Ltd has sought the Centre's approval to merge it with itself.
Hyderabad-based Four Soft and Chennai-headquartered Take Solutions, providers of IT products and solutions in the supply chain management (SCM) space, today announced their intent to merge. The combination will create a global, comprehensive company offering one of the largest SCM products.
The Times School of Business invites applications for teh October 2008 batch of its 6-month part-time 'Certificate course in Mergers & Acquisitions' in collaboration with the Jamnalal Bajaj Institute of Management Studies.
Indian Oil Corporation on Wednesday decided to merge its subsidiary IBP with itself.
The rumour verification process would now be triggered by changes in price or 'material price movements', as the paper defines it. What this means is that companies would need to verify rumours only if the share price moves significantly.
SBICI, with two branches, is a wholly owned subsidiary of State Bank of India and functions as a private sector bank offering an array of financial products and services.
A panel said BSNL can claim tax breaks if it merges with a loss-making ITI and suggested BSNL can also merge MTNL with itself.
American Airlines announced the plan to combine with US Airways last month, a deal that also requires regulatory approval.
Chairman of Indian Oil Corporation, M S Ramachandran, said on Wednesday that the possibility of merging its subsidiary IBP & Co Ltd with the parent company cannot be ruled out.
Foreign banks and private credit funds are queuing up to fund acquisitions by Indian companies who are buying out their local rivals. The Adani Group, Torrent Group, and the Hindujas have approached several foreign banks and private equity (PE) firms to fund their acquisitions. Global investors have about $2 trillion of funds to invest, and about $100 to $150 billion is set aside for India, according to an estimate by JP Morgan.
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