Prime Minister Paolo Gentiloni defended the swift action by the government as vital for ensuring Italy's slow economic recovery isn't derailed by a "disorderly" failure of the two banks.
Italian banks and blue chips fell as worries over recapitalisations of regional Italian lenders bled over into the second week.
The two companies said in a joint statement that the deal would entail Delfin - the holding company of Luxottica's founder Leonardo Del Vecchio - contributing its shares in Luxottica to Essilor based on an exchange ratio of 0.461 Essilor share for 1 Luxottica share.
Italy has come under pressure over how it regulates Fiat Chrysler, which Germany and the US accuse of using software that can allow some diesel engines to emit more pollution than legally permitted.
Car sales in western Europe rose 2.1 percent in December to take the total for the year to just under 14 million vehicles, the best result since 2007, according to industry data compiled by LMC Automotive.
French authorities say the main suspect in Berlin's deadly Christmas market attack made a stop in the eastern French city of Lyon, yet they still don't know how he entered French soil.
Germany was hunting for possible accomplices of the suspected Berlin truck attacker today, a day after he was killed in a shootout with Italian police in Milan.
CBI has received partial responses to the Letters Rogatory it sent to six countries for establishing the money trail in the Rs 3767-crore AgustaWestland VVIP helicopter deal case.
Interior Ministry projections suggested the No camp, led by the populist Five Star Movement, had won the referendum with the backing of 59.5 per cent of those who voted.
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The steel firm owned by billionaire Sajjan Jindal has signed an agreement with Italian state lender CDP, businessman Leonardo del Vecchio's holding company and steelmaker Arvedi to make the bid, the source said.
The order is of Rs 75 crore for building of two 1000T oil tankers, to be delivered within 21 months from signing of contract.
The quake, which measured 6.6 according to the US Geological Survey, was bigger than one on Aug. 24 that killed almost 300 people. Many people have fled the area since then, helping to avoid a new devastating death toll.
One of the world's leading motorcycle manufacturers has chosen Hero group's transmission division to make an important component of its premium motorcycles is evidence of the company's expertise, the company said in a statement.
Three days after the quake struck the mountainous heart of the country, sniffer dogs and emergency crews continued to scour the town of Amatrice, which was leveled in the disaster, but there was no sign of life beneath the debris.
"While a number of individual banks have clearly fared badly, the overall finding of the European Banking Authority - that Europe's banks are resilient to another crisis - is heartening," Anthony Kruizinga at PwC said.
Germany and Italy said that they were evacuating their nationals and other foreigners from South Sudan, after intense fighting killed hundreds of people and forced tens of thousands to flee their homes.
On this episode we are on location in France at the 24 Hours of Le Mans and travel to Italy to visit the Alfa Romeo Museum.
Britain's vote to leave the European Union fired up populist eurosceptic parties across the continent on Friday, giving fresh voice to their calls to leave the bloc or its euro currency.
The Commission has also sought records related to the termination of the deal to be presented before it in an in camera proceedings for its perusal before deciding whether they can be disclosed under the RTI Act or they attract its exemption clauses.
The joint venture will acquire the current wood finish distribution business of Italcoats and will be exclusive distributor of ICA wood finishes in India and other select countries.
The decision defuses a possible judicial standoff after an Italian senator said the day before that Massimiliano Latorre would not return to face trial as he had been due to by this Friday, having earlier been allowed home for medical treatment
Under the modified guidelines approved by the Union Cabinet, Finance Ministry and External Affairs Ministry, with the approval of the Prime Minister, can accept bilateral assistance from countries in addition to existing bilateral partners, including the US, the UK, Japan and Germany.
The company had clocked a net profit of Rs 166.06 crore in the year ago period. Total income from operations during the July-September quarter rose to Rs 2,801.46 crore from Rs 2,662.32 crore in the year ago period, as per company's BSE filing.
A string of downbeat activity data combined with wild price swings in the stock markets and a surprise currency devaluation in August have fueled fears that the Chinese economy may be slowing more sharply than was expected earlier, putting Beijing's 2015 growth target of 7 percent at risk.