The Telangana government has conducted an in-house study on the feasibility of transferring land from the Secunderabad Cantonment Board (SCB) to the Greater Hyderabad Municipal Corporation (GHMC), said the Ministry of Defence on June 27 as it released the minutes of the meeting held on June 25. The meeting, led by Defence Secretary A. Giridhar, … Read more
New Delhi, Shareholders and non-convertible debenture (NCD) holders of IDFC First Bank have approved a proposal to merge parent IDFC Ltd with the lender. The National Company Law Tribunal (NCLT) convened a meeting on May 17 through video conferencing and other audio-visual means to consider and approve the composite scheme of amalgamation for IDFC First … Read more
Image used for representational purpose. | Photo Credit: Reuters Shiv Sena (UBT) leader Sanjay Raut on March 28 asked the BJP to apologise to former prime minister Manmohan Singh after the CBI filed a closure report in its Air India-Indian Airlines merger case. The Central Bureau of Investigation (CBI) has filed a closure report in … Read more
The Konkan Vikas Samithi, representing people of Ratnagiri-Sindhudurg regions, has urged Railway Minister Ashwini Vaishnaw to merge Konkan Railway Corporation Ltd, with the Indian Railways for its inability to augment infrastructure due to funds constraint. Filephoto | Photo Credit: THE HINDU Just as people in Coastal Karnataka are demanding merger of Konkan Railway Corporation Ltd., … Read more
MUMBAI – With a view to consolidate the television and digital news businesses, Network18 Group, owned by business tycoon Mukesh Ambani, has proposed the merger of TV18 Broadcast Ltd with Network18 Media & Investments Ltd through a share swap deal. Alongwith TV18 Broadcast, e-Eighteen.com Ltd will also be merged with Network18, the companies said through … Read more
(This story originally appeared in on Aug 11, 2023) Funding is the biggest risk to the HDFC Bank and HDFC merger, Sashidhar Jagdishan, the private lender’s MD, said on Friday. HDFC Bank has been on an overdrive to accrue deposits to provide cover for the liabilities arising out of the merger that now includes the … Read more
“This will definitely delay the process because I think the NCLT approval on the merger cannot come in until these cases are resolved. But nonetheless, I think the amounts therein are very low,” says Karan Taurani, Elara Securities.I just want to talk about this overhang. Now, this is further going to seem like it is … Read more
MGNREGA work is being undertaken at a village in Telangana. File photo. | Photo Credit: G.N. Rao Amid the border row between Maharashtra and Karnataka, the villages contiguous to Telangana in the Chandrapur district of the western State have also raised the demand for inclusion in the neighbouring Telugu State. At least 14 villages dotted … Read more
In a fresh salvo to the ongoing simmering tension between the minority shareholders of Hinduja Global Solutions (HGS), the listed technology company of the family and the promoters over the technology companies decision to buy Nxt Global, a loss making sister company, also listed, the former have reached out to the stock exchange regulator to … Read more
Earlier this year, the board of Axis Bank had approved the purchase of an additional 29% stake in Max Life Insurance which could have taken the private lender’s total stake in the insurer to 30%. Axis Bank today proposed to acquire just over 17 per cent of the equity share capital of Max Life, which … Read more