Prime Minister Narendra Modi on Tuesday said he had rejected a request of Telangana Chief Minister K Chandrasekhar Rao to join the NDA, after the Hyderabad Municipal Corporation elections in 2020, citing his "deeds".
The world of golf was left stunned as the PGA Tour, DP World Tour and LIV circuit, who have been involved in a bitter fight, announced a shock agreement!
The OPS camp believes Sasikala's family still calls the shot in the EPS camp.
Essar wants reverse merger of Essar Telecom Holdings Ltd into its listed group firm, India Securities Ltd.
A day after the merger approval of Reliance Capital with RCVL, Anil Ambani-controlled Reliance Energy Ltd on Tuesday approved the merger of Reliance Energy Ventures
State Bank of Saurashtra first to merge with SBI
With combined accumulated losses of around Rs 2,000 crore (Rs 20 billion), the new entity created by the merger of unlisted Kingfisher Airlines with Deccan Aviation will have many strengths, but its balance sheet will not be one of them.
The domestic equity market, which is on a record-breaking spree, will focus on macroeconomic data announcements, movement in global stocks and the US Fed minutes to get further direction, analysts said. Trading activity of Foreign Institutional Investors (FIIs) will also innfluence investors.From the domestic macroeconomic front, Purchasing Managers' Index (PMI) data for the manufacturing sector will be released on Monday, and that o,f the services sector on Wednesday. Investors, this week, will keenly watch major global market events, icluding the outcome of the Federal Open Market Committee (FOMC) minutes, scheduled to be out on Wednesday.
An apex committee under DoT Secretary R Chandraskehar has been set up to oversee the required policy decisions and institutional framework for an alliance between the two public sector undertakings which have been incurring losses.
'I don't think we have ever seen such alignment of everything that we need in the banking sector.'
Such a course would require a Constitutional Amendment, requiring a two-thirds majority in both Houses of Parliament. Even assuming that the INDIA combine comes to power at the Centre next year, a two-thirds majority in the Lok Sabha could way off the mark for them, observes N Sathiya Moorthy.
Corporation Bank has stopped proceedings for the merger of Chikmagalur Kodagu Grameena Bank with itself.
Besides, some foreign MNCs -- possibly enticed by the world's second fastest growing economy -- sought to enter India by acquiring into local companies, mostly in telecom, steel and pharma sectors.
The world's largest independent telecom masts player GTL Infrastructure on Wednesday said its expects to complete the merger of Reliance Infratel's tower operations with itself by the middle of next month.
Mergers and acquisitions (M&As) in India are expected to stay buoyant, seen over the last three-four years, despite a slowdown in the first seven months of the calendar year. "M&A is a lumpy business activity, and we may suddenly see large deals taking place during the next two quarters of the calendar year. "This would help maintain the streak of strong M&A activity.
Global private equity investor Advent International on Monday said it is acquiring a significant stake in Suven Pharmaceuticals from its promoters, the Jasti family. The PE major said this will be followed with an open offer to acquire 26 per cent more in the listed contract development and manufacturing organisation from public shareholders, and also merge the company with investee company Cohance Lifesciences, as per an official statement. Media reports on a Monday morning pegged the acquisition at Rs 6,300 crore, and that Advent had pipped rival Blackstone for the acquisition.
Opposing the government's move to merge the country's oldest financial institution with Punjab National Bank, IFCI's employees union on Wednesday proposed a mega merger of IFCI, IDBI, IIBI and IDFC.
The seven-month-old Save Goa Front, a regional outfit launched by former Congressman Churchill Alemao, on Wednesday formally merged with the Congress party.
The Reserve Bank of India has approved the merger of Centurion Bank and Bank of Punjab to be effective from October 2005.
British bank Barclays Plc could jump into the league of top three foreign banks in India from 13 at present if it succeeds in merging its Dutch rival ABN Amro with itself in a deal that could create a combined entity worth $160 billion.
We will continue to grow at 25 per cent -- we can't handle more than that.
The merger of Indian subsidiaries of Parke Davis and Pfizer, following global amalgamation of the two pharma giants, is delayed with the Supreme Court refusing to entertain a petition challenging a Bombay high court order staying the merger process.
'This segment has performed very well for us and this is reflected in our bounce rate which is about three to four per cent.'
For five consecutive policy reviews in 2023, the Reserve Bank of India (RBI) chose to hold rates, citing inflation threat. And when the prices did cool off a bit, it reminded all about the target to get the headline consumer price inflation at 4 per cent and the risks from food inflation. Heading into the new year, all eyes are on when RBI will cut the rates, especially after one of the Monetary Policy Committee (MPC) members stressed on the need for such an action in the face of the US Federal Reserve's guidance for easing rates.
From the Sensex pack, State Bank of India, HDFC, Axis Bank, HDFC Bank, Bharti Airtel, Kotak Mahindra Bank, ICICI Bank, Tata Motors, NTPC and Bajaj Finserv were the major gainers.
The Bombay high court has sanctioned the scheme of amalgamation of RPL with Reliance Industries, Mukesh Ambani-led company said in a filing to the Bombay Stock Exchange.
The proposal for merger of State Bank of Saurashtra (SBS) with SBI will go before the Union cabinet, which is expected to give its nod soon.
Telangana Rashtra Samithi chief K Chandrashekhar Rao along with a delegation met Prime Minister Manmohan Singh to thank him for getting the Telangana Bill passed in Parliament and also discussed issues related to the new state.
Telangana Rashtra Samiti chief K Chandrashekhar Rao along with a delegation met Prime Minister Manmohan Singh to thank him for getting the Telangana Bill passed in Parliament and also discussed issues related to the new state.
The government is examining a proposal for the merger of IDBI with the IDBI Bank, Union Minister of State for Finance Anandrao Adsul said in Jaipur on Friday.
AIBEA General Secretary C H Venkatachalam said the SBI management has made it clear it would expedite the merger process. The association had chalked out the strike plan in view of this immediate threat, Venkatachalam added. The merger of the banks would lead to the closure of a large number of bank branches, thereby curtailing banking services for the masses. The closure of branches would also jeopardise the jobs of bank employees, he said.
In August, Google said it will buy Motorola Mobility for $12.5 billion -- making it the biggest ever takeover by the Internet giant so far.
A high-level committee on oil PSU recast has advised against merger of any state-run firms and recommended a national shareholding trust to hold government stake in them.
The merger has fortified Sun Pharma's position.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances