Mar 05, 2017 06:10 PM IST
Tata Steel may be considering breaking off talks over a planned merger of its European business with German conglomerate Thyssenkrupp, a UK media report claimed today.
- Mar 03, 2017 07:58 PM IST
State Bank of India today fixed March 17 as the record date of share swap for the merger of its 5 associate banks with itself.
- Mar 03, 2017 03:15 PM IST
The demonetisation demon has come to haunt banks as their meal ticket retail loans have taken a hit by slower growth during the three months starting November.
- Mar 03, 2017 11:20 AM IST
The State Bank of India (SBI) merger with its five associate banks is likely to close the door to future job recruitments at the merged entity.
- Mar 01, 2017 05:08 PM IST
Industry experts are of the opinion that a friendly consolidation in the banking space is favourable and big banks should take over the smaller banks. But, Ravikant Bhat of IDBI Capital Markets Services said that these banks are more inclined to run the banks independently.
- Mar 01, 2017 11:45 AM IST
In a discussion on consolidation in banking sector with CNBC-TV18, industry expert AK Purwar said consolidation is key for the industry. "Banks at the helm must flex their muscles and they must acquire their poorer cousins who are not so well managed," Purwar said. Such mergers result in better management of smaller banks, he said.
- Feb 28, 2017 12:46 PM IST
As per recent reports, one proposal is for upstream giant ONGC to acquire retail major HPCL for Rs 44,000 crore. Energy expert Narendra Taneja believes that the merger will help ONGC gain more strength and will become a USD 100 billion plus company.
- Feb 23, 2017 07:16 PM IST
Japanese conglomerate SoftBank
today denied being in discussions to participate in the
proposed Vodafone-Idea Cellular merger and termed the reports
as "baseless and unsubstantiated".
- Feb 23, 2017 10:02 AM IST
The stock has seen a phenomenal rise in the past one month, following the news of its merger with Vodafone gathering steam. A whopping 64 percent spike was seen in the stock in the past one month, while its three-day movement was seen up at nearly 10 percent.
- Feb 22, 2017 03:18 PM IST
Both Idea Cellular and Vodafone may look to sell 15-20 percent in the combined entity to financial investors, sources told CNBC-TV18.
- Feb 22, 2017 02:42 PM IST
Consolidation is the trend for businesses with mergers taking place in the telecom industry and now in the banking space too. Speaking to CNBC-TV18, Ashvin Parekh said that consolidation is an interesting way forward.
- Feb 22, 2017 09:00 AM IST
Morgan Stanley feels that Axis may have seen interest based on its strong retail deposit franchise, which make up for almost 80 percent of its funding. However, it has also highlighted concerns on the bank's profitability based on its NPAs.
- Feb 21, 2017 04:56 PM IST
Even as the government has approved State Bank of India‘s (SBI) merger with its five subsidiaries, further consolidation in the public sector banking space could be delayed.
- Feb 20, 2017 11:16 AM IST
At a time when there is proposal for consolidation of oil companies from the Finance Minister, oil major IOC has plans to merge its subsidiary Chennai Petroleum Corporation Ltd with the the company.
- Feb 20, 2017 11:05 AM IST
According to a report in PTI, the companies are likely to announce a signing agreement by February 24-25. Telecom major has brought its ex-India unit chief Marten Pieters to work on the merger.
- Feb 16, 2017 03:49 PM IST
State Bank of India, country‘s biggest bank is set to become even bigger, with the Cabinet approving its merger with its five subsidiaries on Wednesday.
- Feb 16, 2017 09:33 AM IST
State Bank of India has received Cabinet approval to merge its five subsidiaries, which will make the bank among top 50 banks in the world.
- Feb 15, 2017 07:33 PM IST
The Cabinet has given approval to the merger of State Bank of India with its five subsidiaries, Finance Minister Arun Jaitley announced on Wednesday.
- Feb 13, 2017 09:32 PM IST
Telecom operator Reliance
Communications today hoped that the ongoing case against Maxis
top officials will not impact the merger of its wireless
business with that of Aircel.
- Feb 13, 2017 01:37 PM IST
As Idea Cellular gears up for a mega merger with Vodafone, private equity firm Providence, which has investments in the telco, is looking at an exit, say sources.
- Feb 11, 2017 06:47 PM IST
Idea cellular, which is Aditya Birla group‘s flagship telecom venture has posted one of the worst quarterly results since its listing. It has clocked in losses of Rs 385.5 crores in the third quarter. Prakash Diwan of Altamount Capital says that the stock will slip when the market opens on Monday morning.
- Feb 10, 2017 11:23 AM IST
BPCL expects oil consultation to start next month on the merger of PSU oil companies which will give a clearer picture of what government thinks, says Director-Finance, P Balasubramanian.
- Feb 10, 2017 10:01 AM IST
Sources have told CNBC-TV18 that the insurance regulator has sought a legal review on the proposed structure of the combine.
- Feb 01, 2017 11:38 AM IST
Aditya Birla group firm Grasim Industries today said it is not making any "large investment" into Idea Cellular as part of the proposed merger between Idea and Vodafone.
- Jan 31, 2017 08:50 AM IST
McKinsey, Bain, and EY are in contention for a contract to chart out a business strategy for the loss-making national carrier.