merger

New Delhi, April 7 The government is exploring options, including the issuance of preference shares or fresh equity, to maintain a 51% stake in the state-owned Power Finance Corporation after its merger with REC, a senior official said.Finance Minister Nirmala Sitharaman had announced the...

Mumbai, April 7 Air India CEO and Managing Director Campbell Wilson told staff on Tuesday that it was the right time to hand over the reins for the airline's next phase of growth.Wilson, who has decided to resign, has been at the helm for four years since mid-2022 and will remain with the...

New Delhi, March 30 Morpheus Research released a report on Monday accusing travel booking platform MakeMyTrip of engaging in "anti-competitive practices" despite a significant penalty order from the Competition Commission of India (CCI) in 2022, which directed the company to stop such practices...

New Delhi, March 29 EPL Ltd, a global leader in flexible packaging solutions backed by Blackstone, and Indovida India Pvt Ltd, a rigid PET packaging platform, announced a merger deal on Sunday to form a USD 1 billion revenue entity with a combined valuation of USD 2 billion.EPL and Indovida...

New Delhi, March 25 The Competition Commission of India approved the proposed merger of Coursera's subsidiary, Chess Merger Sub, with Udemy Inc., on Wednesday.US-based Coursera is a global education technology company that operates a leading online learning platform. Its operations in India...

New Delhi, March 23 Svatantra Microfin Pvt Ltd announced on Monday that it has completed its merger with Chaitanya India Fin Credit Pvt Ltd (CIFCPL) and Svatantra Holding Pvt Ltd following approval from the NCLT.The approval for the amalgamation was granted by the National Company Law Tribunal...

New Delhi, March 22 Former JD (U) leader KC Tyagi joined the Rashtriya Lok Dal (RLD) on Sunday in the presence of its president and Union minister Jayant Choudhary at an event here.Tyagi had announced his exit from the JD (U) on Tuesday, without specifying any reason.Tyagi had been...

New Delhi, March 21 Days after the resignation of HDFC Bank chairman Atanu Chakraborty, citing ethical concerns, the bank has terminated the services of three employees for gaps in client onboarding at its Dubai International Financial Centre (DIFC) branch.According to sources, HDFC Bank has...

Mumbai, March 20 State-owned Bank of Baroda announced on Friday a credit line on the popular Unified Payments Interface platform for members of women self-help groups.Customers holding Prime Minister Jan Dhan Yojana accounts will be able to access the overdraft facility of Rs 5,000 without...

New Delhi, March 12 Aster DM Healthcare has set aside a capital outlay of around Rs 4,000 crore over the next few years to add about 4,080 beds, according to its Founder & Chairman Azad Moopen.The company, which has received final approval from shareholders for the merger with Quality Care...

New Delhi, March 3 The boards of solar PV manufacturer Grew Energy and Shanti Educational Initiatives Ltd (SEIL) have approved their merger as part of a group restructuring plan.Under the merger plan, shareholders of SEIL will receive 100 fully paid equity shares of Re 1 face value each in...