Adani Group entered into the Cement sector in September 2022, after acquiring controlling stakes in Ambuja Cement from Swiss firm Holcim for cash proceeds of USD 6.4 billion (about Rs 51,000 crore). Ambuja Cements owns a 51 per cent stake in ACC Ltd.
Air India Express has completed its merger with AIX Connect, aiming to strengthen its position in the budget airline sector and drive long-term profitability through cost optimisation and a scalable network.
Following the merger of Reliance Jio's Viacom18 and Disney Hotstar, the company has launched the website JioStar.com. Users are expected to get very affordable plans.
After operating for nearly 10 years, full-service carrier Vistara flew into the sunset on Tuesday early morning operating its last flight from the national capital to Singapore. After the ambitious merger, Tata Air India became the country's largest international carrier.
Previously, a man from Delhi bought JioHotstar, expecting the merged entity to be named JioHotstar. However, a new website with the domain name JioStar has launched, indicating that Reliance has different plans.
This joint venture will become one of the leading TV and digital streaming platforms for entertainment and sports content in India by bringing together iconic media assets. The merger is valued at Rs 70, 352 crore and would be controlled by Reliance once completed.
Sharmila had announced her support to Congress during the recent assembly polls in Telangana, to end the allegedly corrupt and anti-people rule of BRS led by K Chandrasekhar Rao.
The upcoming merger will also not affect customers availing fixed deposits (FDs) and customers will not have to pay interests after their FD matures. Furthermore, customers can also avail the facility to withdraw money after their FDs reach maturity.
Recently, Bihar Chief Minister and one of the founders of Janta Dal- United announced that he is not a contender for any post and Tejashwi should be elevated. His comment triggered speculation about merger.
RJD JDU merger: Talking about the 'Mahagatbandhan' in 2025, Kushwaha said, "our primary focus is the Loksabha election of 2024." He said opposition parties will be brought under one roof under the leadership of Nitish Kumar.
The core net interest income grew 14.5 percent to Rs 19,481.4 crore from the year-ago quarter's Rs 17,009 crore on the back of a 22.5 percent growth in advances.
A joint statement released by the two chains indicated that the rise of over-the-top (OTT) streaming platforms had a major role in the consolidation.
Photo-sharing platform Instagram on September 30 started rolling out the option to connect Instagram direct messages with Messenger.
The government on Wednesday said the merger of state-owned telecom companies BSNL and MTNL is likely to be completed in 18-24 months.
State-run banks including Bank of Maharashtra, Oriental Bank of Commerce, Syndicate Bank and Bank of Baroda have warned their operations may be impacted due to the call of strike as per regulatory filings.
While RIL, HDFC Bank, HDFC and Kotak Mahindra Bank were the other winners, Tata Consultancy Services Ltd (TCS), HUL, Infosys and ITC suffered losses in their market capitalisation (m-cap) for the week ended Friday.
The mega merger of 10 state-run banks is credit positive, as it can increase their operational scale and growth capital, apart from improving their corporate governance over the long term, says a report.
Last week, the government announced consolidation of 10 public sector banks into four mega state-owned lenders, including merger of Allahabad Bank with Indian Bank.
Brokerage firms on Tuesday said that by and large the consolidation in the banking sector is a positive move, yet it can weigh on the merging entities in the near term. State Bank of India (SBI), Bank of Baroda (BoB) and leading private sector banks would edge the merging banks to be in a stronger position.
Amidst the growing signs of deepening slowdown, finance minister Nirmala Sitharaman Friday announced four new set of mergers of state-run banks-- Punjab National Bank taking over Oriental Bank of Commerce and United Bank of India, creating the nation's second-largest lender; Syndicate Bank merging with Canara Bank; Union Bank of India will amalgamate with Andhra Bank and Corporation Bank; and Indian Bank will merge with Allahabad Bank.
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