Zomato denies merger talks with rival Swiggy
Zomato is currently delivering 1.3 mn orders a day from 150,000 restaurants across India at more than 10 orders per restaurant per day. Swiggy has expanded its services to 500 cities in India, matching rival Zomato's reach. Swiggy, which has added 60,000 new restaurants in the past six months, said in October it would expand to 600 cities by December 2019.
BSNL-MTNL merger may be completed in 24 months: Telecom Minister Ravi Shankar Prasad
The government has earlier said that till the completion...
U.S. Fed approves merger between BB&T, SunTrust Banks
Analysts have said such a tie-up has been made possible by regulatory easing under the ...
SoftBank to create $30 bln tech giant with Yahoo Japan, Line Corp merger
The deal, which would combine the providers of two of Japan's top QR code payment services, offers SoftBank access to 164 million Line users and their data in Japan and Southeast Asia as it expands into services outside its core wireless business. It also offers Line a deep-pocket patron who can offer its tech expertise, including potentially via the giant Vision Fund.
T-Mobile CEO Legere to step down next year
The third-largest U.S. wireless carrier will go to trial on Dec. 9 to fight a state attorneys general lawsuit that alleges the merger would be harmful to consumers. T-Mobile said Legere will remain CEO until April 30, and will be succeeded by Chief Operating Officer Mike Sievert. Legere will continue to be a member of T-Mobile's board.
Carl Icahn takes stake in HP, pushes for merger with Xerox: Report
Icahn, who owns a 10.6% stake in Xerox, now owns a 4.24% stake in HP, the Journal said. An HP spokesperson told Reuters the company is aware of Icahn’s investment and is committed to doing what is in the best interests of all HP shareholders. HP did not disclose how much stake Icahn owns in the PC maker.
Japanese stocks ease to 1-1/2-week lows; Line, Z Holdings soar on merger talks
Worries about violent anti-government protests in Hong Kong also soured investor sentiment.
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 structure that it originally had, created more zones and regions, and adopted a unified reporting structure. “This exercise we did in April helped smoothen the other business processes and systems that had to be aligned,” said Roy.
HR integration to be prioritised for merger: Indian Bank chief Kolkata
In a meeting of Allahabad Bank and Indian Bank in the city on Wednesday, she told executives, staffs and officers of both the banks that the amalgamation of two banks is aimed at bringing about "scale of operations and qualitative exposure in different areas for employees and improvement in economy and country at large".
Max India shareholders approve merger of assets into Max Healthcare
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.
India to see M&A deals worth $52 bn in 2019
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.
LIC chief on investing, growth, ULIPs, IDBI Bank merger & more
What has been working for us so far will work in the future as well, says LIC chairman MR Kumar.
HSBC drags European shares lower; LVMH gains on merger talks
The pan-European STOXX 600 fell 0.1% at 0807 GMT and London's FTSE 100 was down 0.4%.
Why a simple BSNL-MTNL merger is not the solution
Does merging solve the issue of competitiveness? GoI needs to ponder over this if it plans to stay in the biz.
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