The seven-month-old Save Goa Front, a regional outfit launched by former Congressman Churchill Alemao, on Wednesday formally merged with the Congress party.
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 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.
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.
Indian lenders are unlikely to clear the vertical split of BSE-listed Vedanta Ltd in a hurry, considering that the demerger would reduce the fungibility of cash flows across businesses and increase their volatility, according to analysts. The demerger plan, which would result in six separate listed entities, would require approval from shareholders, lenders and other statutory bodies. "We believe that a separate listing of different businesses would reduce the fungibility of cash flows across businesses and increase the volatility of cash flows.
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.
We have not been able to communicate in a very articulate manner and clear manner on the merger as earnings were due, says HDFC CEO.
The merger has fortified Sun Pharma's position.
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.
The 2023-24 (FY24) July-September quarter (second quarter, or Q2) proved to be a mixed period for asset management companies (AMCs). While the two largest listed AMCs, HDFC and Nippon, reported robust growth in both revenue and profits, the other two, Aditya Birla Sun Life and UTI, experienced profit declines. HDFC AMC reported an 18 per cent year-on-year increase in Q2 revenue to Rs 765 crore, while Nippon's revenue rose 15 per cent to Rs 475 crore.
Tesla Inc chief Elon Musk is set to acquire micro-blogging site Twitter for about $44 billion. Back home, India Inc, too, is seeing aggressive merger and acquisition (M&A) activity with PVR-Inox and HDFC-HDFC Bank announcing their mergers recently. While Axis Bank recently acquired Citi India's India retail business, reports suggest Larsen & Toubro Infotech (LTI) and Mindtree could be eyeing a merger.
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.
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.
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.
While the market for satellite broadband currently is small, the potential is large as an estimated 30 per cent of the country does not have reliable terrestrial broadband services.
Valuations of projects dated, says valuer. Also, angry shareholders could come together to oppose the proposed reverse merger.
The merger of Air India and Indian will move from the boardroom to the skies on August 1, with the launch of first non-stop flight of the combined entity to the US.
Former Karnataka Chief Minister B S Yeddyurappa has told the state executive meeting of his newly-floated Karnataka Janata Paksha that the merger with Bharatiya Janata Party has not materialised.
Shares of Hindustan Lever Chemicals and Tata Chemicals declined last week after the announcement of the share swap ratio for the merger of the former with the latter.
The Supreme Court on Tuesday sought data on the beneficiaries of Section 6A of the Citizenship Act in Assam, saying there was no material before it which could indicate that the effect of granting Indian citizenship to Bangladeshi immigrants between 1966 and 1971 was so great that it impacted the demographic and cultural identity of the border state.
The apex auditor is busy preparing a report on the Air India-Indian Airlines merger and modernisation of airports through public-private-partnerships, both carried out during the previous term of the United Progressive Alliance government.
In two separate filings, both the companies said a meeting of the board of directors will be held on March 2, to consider and recommend the amalgamation of Reliance Petroleum and Reliance Industries, the country's most valued firm in terms of market capitalisation.
Shares of ICICI Bank may outperform those of HDFC Bank in the near-term, analysts said recently, after the Sandeep Bakhshi-led private sector lender reported a strong set of numbers for the July to September quarter (Q2) of financial year 2023-24 (FY24). The result, they said, reiterated that ICICI Bank is maintaining a sustainable and prudent growth led by tech-driven initiatives as against HDFC Bank, which is facing merger related challenges. According to analysts at Prabhudas Lilladher, ICICI Bank is valued at par with HDFC Bank at 2.2x/1.9x on FY25/26E core adjusted book value (ABV) basis.
RCom is expected to have a 50% stake, Aircel 40% and MTS 10%
TVS Electronics Ltd board approved a merger with TVS eTechnology Ltd. One TVS Electronics share will be swapped for each eTech share.
Meet the CEOs for South Africa's MTN and India's Bharti Airtel. They're the men behind what would be India Inc's largest-ever overseas transaction, at $23 billion.
Based on a petition filed by two individual investors, the court on April 25, issued interim 'status quo' orders on the merger process.
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