State-run banks on the exchanges traded on a weak note during the early trade on Tuesday after the government announced plans to merge 10 public sector banks into four.
Opposing the merger of 10 public sector banks into four, C. H. Venkatachalam, General Secretary of AIBEA, in a statement issued here said in the name of banking reforms the government is enabling banks to help corporates.
Finance Minister Nirmala Sitharaman, who had last week announced tax sops and measures for sectors such as auto, announced four new set of mergers -- Punjab National Bank, Oriental Bank of Commerce and United Bank of India will combine to form the nation's second-largest lender; Canara Bank and Syndicate Bank will merge; Union Bank of India will amalgamate with Andhra Bank and Corporation Bank, and Indian Bank will merge with Allahabad Bank.
New York: Media giant 21st Century Fox said Thursday that it has agreed preliminarily to merge its TV production company Shine, maker of "The Biggest Loser," with Apollo Management's Endemol and Core Media Group, the
Mumbai: Leading stock exchanges BSE and NSE have approved the merger of Wipro with two subsidiaries as the amalgamation does not violate securities laws. The IT giant received approval for the merger of Wipro Energy IT
New Delhi, April 14: To make the summer feasts of school kids an enjoyable roller coaster ride, the makers of the ‘Chhota Bheem' have collaborated with Yash Raj Films banner for the second franchisee of
Silchar (Assam), Jan 22: Around 16,000 people of 65 villages of Assam want to merge with neighbouring Mizoram, a leader of the villagers said here Tuesday.Residents of these 65 villages in Karimganj district in southern
Mumbai, Mar 21: The diversified Mahindra Group today announced the long-awaited merger of Mahindra Satyam with its another technology arm Tech Mahindra in an all-share deal that would create the country's fifth largest software firm
Hyderabad, Aug 13: The Praja Rajyam Party (PRP) will officially be merged with Congress on August 20, according to PRP president Chiranjeevi.“We decided to officially merge Praja Rajyam with Congress on August 20, the birth
Tirupati, Jun16: Praja Rajyam Party Chief, K. Chiranjeevi,today said he strongly desired to merge his party with Congress in the temple town of Tirupati where he launched his party two years ago.Speaking to reporters here,
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