Merger
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Mega bank mergers in India credit positive but...: Here is global rating agency Moody's take
Business | Sep 05, 2019, 03:51 PM ISTThe 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.
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Indian Bank expects to complete merger with Allahabad Bank by March 31
Business | Sep 03, 2019, 03:31 PM ISTLast week, the government announced consolidation of 10 public sector banks into four mega state-owned lenders, including merger of Allahabad Bank with Indian Bank.
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Mixed reactions from brokerage firms on banking merger
Business | Sep 03, 2019, 03:12 PM ISTBrokerage 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.
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Merger can't tackle issues of low capital,higher NPAs:Analysts
Business | Aug 30, 2019, 09:43 PM ISTAmidst 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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FinMin's Alternative Mechanism gives nod for BoB, Dena, Vijaya Bank merger
Business | Dec 21, 2018, 06:02 PM ISTBank of Baroda is the transferee bank, while Vijaya Bank and Dena Bank are the transferor banks in the amalgamation process, it added.
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Bank strike on December 26 against mergers, pay revision
Business | Dec 01, 2018, 11:40 PM ISTIn order to quell the situation, the Indian Banks' Association (IBA) had raised its wage hike offer to 8 per cent from 6 per cent a day earlier.
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Idea Cellular completes merger with Vodafone India, all set to become largest telecom operator in country
Business | Aug 31, 2018, 12:41 PM ISTThe combination will have all India revenue market share of 32.2 per cent and take the numero uno slot in nine telecom circles, it said adding that both Vodafone and Idea brands will continue.
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Walmart expects to close Flipkart deal by the end of this year
Business | Jun 05, 2018, 08:57 PM ISTAccording to a regulatory filing with Securities and Exchange Commission (SEC), Walmart said the ongoing operations of Flipkart are expected to impact the US company's income negativel
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All that you need to know about Idea-Vodafone merger
Business | Jun 03, 2018, 09:50 AM ISTEarlier on Friday, the Aditya Birla group firm said that the new entity born out of the Idea-Vodafone merger is proposed to be named Vodafone Idea.
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FIFA, AFC officials to visit Kolkata for ISL, I-League merger
Football | Sep 10, 2017, 08:38 PM ISTThe two-member team of Nic Coward, a consultant to FIFA, and Alex Phillips, Head of AFC-UEFA Affairs, is expected to meet the two Maidan heavyweights Mohun Bagan and East Bengal.
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Cabinet nod to framework for consolidation of public sector banks, says Arun Jaitley
Aug 23, 2017, 05:08 PM ISTReports said a group of ministers (GoM) will be formed for the merger of state-run banks, and the names of the banks for the merger will be submitted to the GoM
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From Jayalalithaa’s death to AIADMK split and then merger: A chronology of events
National | Aug 21, 2017, 06:30 PM ISTThe two factions of the AIADMK finally merged on Monday with rebel leader O Panneerselvam made the Tamil Nadu Deputy Chief Minister and party coordinator
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OPS returns as Dy CM of Tamil Nadu after merger of AIADMK factions, Sasikala likely to be sacked
National | Aug 22, 2017, 07:36 AM ISTSix months after parting ways following the death of then Chief Minister J Jayalalithaa, the two factions of the AIADMK finally merged on Monday with rebel leader O Panneerselvam made the Tamil Nadu Deputy Chief Minister and party coordinator
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RCom-Aircel merger gets shareholders’ nod for wireless business
Apr 24, 2017, 02:46 PM ISTReliance Communications (RCOM) has received 99.99 per cent shareholders approval for merger of its wireless business with Aircel, a company statement said here on Monday.
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Consolidation ahead? PMO keen on ‘few large banks’ instead of ‘many smaller ones’
Apr 18, 2017, 02:09 PM ISTThe PMO is learnt to be drawing up plans for public sector lenders that could see some consolidation on the lines of the SBI merger recently
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SBI merges operations with associates, BMB; joins league of world’s top 50 banks
National | Apr 01, 2017, 07:34 PM ISTSBI today merged its operations with five of its associates and the Bharatiya Mahila Bank, making the country’s largest lender one of the top 50 banks in the world.
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Idea-Vodafone merger: Kumar Mangalam Birla to head new entity, biggest in India
Mar 20, 2017, 12:36 PM ISTTelecom giant Vodafone and Aditya Birla Group-promoted Idea Cellular on Monday announced their long-anticipated merger, turning the combined entity into the country’s biggest telecom firm.
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If he doesn't come here, there will be consequences: SC warns Maxis’ founder for evading court
Feb 04, 2017, 06:19 PM ISTThe Supreme Court on Saturday warned Malaysian billionaire and Maxis Group owner, T Ananda Krishnan, against whom summons were issued in Aircel-Maxis case and his firm’s top official Ralph Marshall to appear before a trial
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Vodafone, Idea in merger talks, eyeing user base of over 400 million
Jan 30, 2017, 02:58 PM ISTVodafone on Monday confirmed it's in talks with the Aditya Vikram Birla group for the merger of its Indian entity and Idea Cellular in what will be the largest such deal in the country's telecom space once it materialises.
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RCom and RJio have ‘virtually merged’, says Anil Ambani
Sep 28, 2016, 08:23 AM ISTAnil Ambani on Tuesday announced that a “virtual merger” of his Reliance Communications with older brother Mukesh Ambani’s Reliance Jio has now been effected to fulfil the dreams of their late father, Dhirubhai Ambani.