Under consent proceedings, parties involved in disputes with SEBI can settle them without admission of guilt. It is a quick alternate arrangement that avoids any courtroom battles relating to any legal dispute.
These three state-run banks would work on strict timeline and necessary regulatory process is expected to be over by the end of 2018-19, they said adding that the merged entity should be operational from April 1, 2019.
The company, which sells both locally-sourced and imported products, also said making it "too difficult to import" could prevent bringing the best products to India.
Kansas-based ATG helps companies effectively plan, implement, and optimize automated cloud-based quote-to-cash (Q2C) business processes and technologies.
The shareholders at the annual general meeting of the PNB held here gave permission to offer, issue and allot up to 10 crore of equity shares of face value of Rs 2 to employees under Employee Stock Purchase Scheme (ESPS).
Retail remains a promising industry in the Indian context, given the large consumer base throughout the country.
Since there are many problematic banks and few with strong balance sheets, it wouldn’t be a surprise to see banks like Canara Bank and State Bank of India being dragged to the altar to take responsibility of distressed banks.
The merged entity will have a combined business of Rs 14.82 lakh crore and a market share of about 6.8 percent by loans.
He said the company will continue to look at opportunities that will bring value and are growth accretive with strong, stable and conservative financial profile.
A portfolio manager is a person or group that advises or directs or undertakes on behalf of a client, the management of a portfolio of securities or the funds of the client.
It paid $13 million as a signing amount to Kazakhstan and an additional $80 million as a one-time assignment fee to JSC NC KazMunaiGas (KMG), the national oil company of Central Asian nation.
From consumer tech to health tech, and logistics to hospitality, these 25 companies represent the thriving startup landscape in India, the third largest startup ecosystem in the world
"As we have moved out of the mobile sector, we will monetise at an appropriate stage our enterprise business. Reliance Realty will be the engine of growth for the future of this company," Ambani said.
If the intent is to clean up the banking system and prevent recurrence of the bad loan problem with alarming regularity, a merger is a non-solution
"The arbitral tribunal has communicated its decision in the arbitration proceedings in relation to the severance agreement between the company and its former CFO, Mr Rajiv Bansal," Infosys said in a BSE filing.
ArcelorMittal is believed to have picked up expression-of-interest documents for the EPC Construction bid last week.
This blog will keep track of breaking news and important developments through the day
"The business has secured a major order for a Main Plant Electrical Package of units 3 & 4 of the Kudankulam Nuclear Power Project," L&T said.
Sembcorp will serve Facebook's renewable energy needs through offsite solar panels totalling 50 MWp in capacity.
The merger will take at least 3-4 quarters to complete and the three banks will function independently until the process is concluded. Take a look at the banks' results from the June quarter
Ola enters New Zealand's ride-sharing space where global giant Uber and NZ-based Zoomy already have a strong foothold
A two-member bench of NCLT Tuesday adjourned the matter to November 26 as the Supreme Court has ordered status quo in insolvency pleas against power companies.
Blackstone, Carlyle, True North, and DBS have already expressed interest in LVB and are engaged in an initial discussion to acquire minority stake
The Audi e-tron midsize SUV will be offered in the United States next year at a starting price of $75,795 before a $7,500 tax credit.
Of the eight accounts on the block, Kolkata-based Rohit Ferro Tech has the highest loan outstanding against it at Rs 1,320.37 crore, followed by Indian Steel Corporation Ltd at Rs 928.97 crore; Jai Balaji Industries at Rs 859.33 crore and Mahalaxmi TMT Pvt Ltd at Rs 409.78 crore.