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Amit Shah explains why PM Modi decided to opt out of RCEP

Considering India’s growing stature, RCEP members can’t afford to ignore India for long, writes Amit Shah.

Merger

Nov 13, 2019, 07.41 AM IST

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DoT moves SC against merger of Airtel with Tata Tele arm

DoT has sought dues worth over Rs 8,000 crore on account of one-time spectrum charges (OTSC) and said in its appeal to the apex court that the demand was based on the licence conditions, said people aware of the developments. The appeal was filed last week and hearing has been set for November 15.

Bank of Baroda integrates 30,000 employees of Vijaya, Dena Banks in 7 months

To begin with, BoB brought the entire set-up under a four-tier s...

HR integration to be prioritised for merger: Indian Bank chief Kolkata

In a meeting of Allahabad Bank and Indian Bank in the city on Wednesda...

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  • According to Max India, 99.21% of the public shareholders voted in favour of the proposed scheme. Subsequently, the second motion petition is likely to be filed with NCLT soon. Max Healthcare and Advaita (to be renamed as Max India) are both expected to be listed on the Indian stock exchanges by March end, 2020.

    A new report by Baker McKenzie has predicted India M&A to remain stable in the next few years, with private investments reviving against the backdrop of a more favourable business environment, despite global headwinds. IPOs' proceeds is forecasted to dip from USD 3.4 bn in 2019 to USD 2.7 bn in 2020, before picking up again in 2021 to USD 4.3 bn.

    The two automakers said earlier this week that they planned to join forces in a 50-50 share merger to create the world's fourth-largest automaker, seeking scale to cope with costly new technologies and slowing global demand. The source said the two groups were at work to finalise all the merger details and they hoped to sign a binding MOU soon.

    What has been working for us so far will work in the future as well, says LIC chairman MR Kumar.

    The pan-European STOXX 600 fell 0.1% at 0807 GMT and London's FTSE 100 was down 0.4%.

    Does merging solve the issue of competitiveness? GoI needs to ponder over this if it plans to stay in the biz.

    As many as 15.93 crore shares of the bank was transferred to HDFC, Bandhan Bank said.

    Indus Towers shareholders Vodafone Group & Voda Idea reluctant to extend date unless pricing mechanism is revised. Bharti Infratel and a 42% owner of Indus Towers, is not keen on revisiting the pricing mechanism.

    This would devoid it of the option of using Assam Rifles in conventional operations along the eastern frontier with China. The ministry has given 7 proposals to the army to get the operational control of the Assam Rifles and merge it with the ITBP.

    The Cabinet has also agreed to a Rs 38,000 crore-asset monetisation scheme over four years, while 4G spectrum would be allocated administratively at 2016 prices, telecom minister Ravi Shankar Prasad said at a briefing.

    Bharti Infratel said stake dilution by the existing shareholders would be less than announced earlier, thus also reducing the cash payable to Vodafone Idea should the telco decide to exit the merged entity.

    Union telecom minister Ravi Shankar Prasad announced Cabinet’s decision that as part of the revival package, MTNL will be merged with BSNL. ...

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