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Friday, April 26, 2024
TopicMergers

Topic: Mergers

Reliance and Disney announce $8.5 billion media assets merger in India

Reliance will infuse $1.4 billion in the merged entity, with the company and its affiliates holding a more than 63% stake. Disney will hold about 37%, the companies said in a joint statement.

‘It was my father’s dream to see Rahul as PM’ — YS Sharmila joins Congress

Sharmila also announced the merger of her YSR Telangana Party with Congress. She founded the outfit after parting ways with her brother, Andhra CM Jagan Reddy, in July 2021.

HDFC chairman Deepak Parekh says merger to be effective from 1 July, reports CNBC-TV18

HDFC had, in April last year, announced the country's biggest ever merger with HDFC Bank, worth $40 billion.

ZEE-Sony India merger sure to happen irrespective of Punit Goenka being CEO, reports ET

Report comes day after Sony Pictures Entertainment said it took country's markets regulator's order banning Zee Entertainment CEO from holding board positions 'seriously'.

Tata Sons and Singapore Airlines announce merger of Air India, Vistara by March 2024

As part of the deal, SIA would also pump in $250 million in Air India, giving it a 25.1% stake in an enlarged Air India group.

Railways merger plan — new officers could come via common exam, old ones to remain in silos

Existing officers would continue in their departments, while the new officers could be recruited into a common IRMS. Railways spokesperson says matter is being deliberated upon.

Piyush Goyal pushes to ‘fast track’ merger of railway services, seeks to convince officers

Railways Minister Piyush Goyal met officers of different railway services Wednesday to address concerns over proposed merger, find ways to bypass hurdles.

Covid pandemic gives businesses plenty of reasons to get back to dealmaking

It was the pharma industry that kicked off the global megamerger wave last time around, in early 2014.

Tata’s steel plan thrown back into doubt as merger collapses

Tata has been trying to find a solution for its European business since being hit by the 2016 commodity crisis.

How India’s politicians, bureaucrats and judges treat telecom sector as their piggy bank

Govt's attempt to profit from a possible merger between Vodafone & Idea is a conspicuous example.

On Camera

Maps from a German bookstore started the race to Siachen Glacier

German mountaineers Stallbohm and Poncar recall their interactions with Col. Narendra ‘Bull’ Kumar and shed light on the maps they gave him which drew his attention to Siachen.

Kotak Mahindra Bank shares drop 10% after RBI bans it from taking new customers via digital channels

The private lender's shares tumbled to be top Nifty 50 loser after India's central bank barred it from taking on new customers through online and mobile banking channels.

Rafale to Exercise Garuda, a look at Indo-French defence ties as Chief of Defence Staff visits France

Another addition to military cooperation has been the Strategic Space Dialogue, inaugurated in Paris in 2023. Last month, India participated as an observer to France’s AsterX.

These 6 states are key for Modi’s ‘400 paar’ target. They’re also where Opposition can stop him

While this contest looks so predictable in large swathes of our political landscape, it is also more keenly contested than 2019 in some states.