This is the opportunity that Vaidyanathan, an avid long distance runner, had been looking for to go the full hog as far as the banking sector is concerned
One of the biggest financial merger deals in the country, IDFC with Shriram Group, has hit a hurdle after it faced opposition from some of its shareholders.
RCom will file its reply to Ericsson's petition before the next hearing and the former will be heard in the National Company Law Tribunal (NCLT) on October 6, according to CNBC TV18 reports.
Bankers will meet government officials including the Aviation Minister and the ministerial group on Wednesday to decide the fate of further loans to the financially-troubled national air carrier Air India.
Capital need estimates have fallen from the previous estimate of USD 90 billion as a result of asset rationalisation and weaker-than-expected loan growth.
The swap ratio being considered is one share of IndusInd Bank for 1.75 shares of Bharat Financial while RBL had proposed a 2:1 ratio.
Regulator TRAI today stressed the need to identify bottlenecks that make the functioning of telecom business difficult in India and listed out processes such as licence acquisition, spectrum allotment and mergers that can be reviewed.
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.
In a free-wheeling interview with Economic Times Axis Bank CEO Shikha Sharma said a marriage isn‘t on the cards. She was responding to market speculation that a a bunch of suitors have come calling.
Speaking to CNBC-TV18, Prashant Mehra of Grant Thornton said that 125 transactions worth USD 3 billion had taken place last month.
The chairman of the country‘s largest oil marketing firm believes that the government's Budget proposal to merge all state-owned energy firms into a consolidated giant will help them enhance their position in the international market.
As per a research report by CB Insights the number of tech unicorn exits (via IPO or M&A) exceeded the birth of such companies for the first time in six quarters.
Speaking to CNBC-TV18, Future Group's founder and CEO Kishore Biyani said the group will now focus more on food, fashion and home.
State-run Bank of India denied reports of it getting merged with any of its stronger peers and said it has not received any suggestion from any quarter in this regard
Rajan Matthew, Director General, COAI told CNB-TV18 that focus of telecom operators is on the spectrum sharing and trading guidelines that are with Cabinet for approval.
In an interview to CNBC-TV18, Prashant Mehra, Partner, Grant Thornton shares his views on mergers and acquisitions (M&As) and deals that happened in the month of April.
In an interview to CNBC-TV18, Prashant Mehra, Partner, Grant Thornton India shares his views on all the merger and acquisition action in January and which sectors will continue to attract deals going ahead.
In an interview to CNBC-TV18, Harish HV, Partner, Grant Thornton reviews major merger and acquisition (M&A) deals in 2014 and shares his expectation on the same.
He also underlined the need for applying the "principle of proportionality" while taking into consideration the consequences of competition norms.
US companies were most active in purchasing assets in Brazil, with 25 deals completed, followed by 18 deals in India.
Global mergers and acquisitions volume dipped by 15 per cent to USD 1.8 trillion in the first nine months of this calender year, a report says.
Sources at Oil India tell CNBC-TV18 that the company is preparing a warchest of Rs 6000-7000 crore for the purpose of mergers and acquisitions, both foreign and domestic.
Mergers and acquisitions activity hit its lowest quarterly level in more than seven years in the first quarter of this year, but investment bankers said a run-up in the markets will help turn the tide.
This past summer, sources close to the matter state that Amazon had considered a merger with Research in Motion, hiring an investment bank for the merger.
Industry body CII today said competition watchdog CCI's approval should not be made mandatory for mergers and amalgamations between group companies.