merger
Communications minister Ravi Shankar Prasad said a total of 79,000 employees of BSNL and 14,000 out of 20,000 employees of MTNL have applied for the VRS scheme which the government has come out with to reduce the employee cost in these PSUs which is currently very high as compared to the industry. (Photo: File | PTI)
Govt trying to revive BSNL, MTNL, make them profressional
28 Nov 2019 2:51 PM

We want to revive them and make them professional, said Communications minister Ravi Shankar Prasad.

In a joint statement the French and US-Italian carmakers said their boards of directors "have each unanimously agreed to work towards a full combination of their respective businesses by way of a 50/50 merger".
Peugeot and Fiat Chrysler unveil merger of equals
31 Oct 2019 2:12 PM

Merger would be achieved via creation of a parent company in Netherlands in which the shareholders of each current group would own half.

MTNL has reported losses in nine of the past 10 years and BSNL too has been ringing in loss since 2010.
MTNL shares surge 5 pc; hit upper circuit on revival plan announcement
24 Oct 2019 11:21 AM

MTNL's scrip jumped 4.92 per cent to Rs 6.19 -- its upper circuit limit on the BSE.

Under the current round of squeezing, 10 banks will be amalgamated into four.
Some 300,000 employees of Indian state-led banks strike against mergers
23 Oct 2019 9:07 AM

Government may call it a merger but in reality it is cold-blooded murder of six banks,” a release by the bank unions said.

This brings an end to recent uncertanity and the Bank will continue to work towards raising capital as per the permitted modes in compliance with all applicable Acts and Regulations, Laxmi Vilas Bank's chief financial officer S Sundar said.
Merger failure: Lakshmi Vilas Bank confident of raising capital
10 Oct 2019 5:25 PM

LVB is under the prompt corrective action framework of RBI since last month for low levels of capital buffers.

Shares of Lakshmi Vilas Bank (LVB) sank 5 per cent to hit lower price band as well as one-year low of Rs 25.65 on the BSE.
Indiabulls Housing Finance, Lakshmi Vilas Bank hit 52-week lows
10 Oct 2019 12:10 PM

Indiabulls Housing Finance (IBHF) stock tumbled 18.02 per cent to trade at Rs 197 on the BSE.

The merger is scheduled to come into force from April 1 next year.
34 functional teams to smoothen merger of UBI, PNB, OBC
02 Oct 2019 12:14 PM

Merger will make the new entity the second-largest bank in the country after the SBI with a total business volume of Rs 18 lakh crore.

Finance Minister Nirmala Sitharaman had on August 30 announced the consolidation of 10 state-run banks into four large-scale lenders.
Allahabad Bank board approves merger with Indian Bank
17 Sep 2019 9:00 AM

Employees and officers of Allahabad Bank staged a demonstration in front of its headquarters here to protest against the merger.

A meeting of the board of directors of the bank is scheduled to be held on Monday, 16th September, 2019. (Photo: Allahabadbank.in)
Boards of Allahabad, Andhra Bank schedule meeting for merger proposals
12 Sep 2019 9:21 AM

Following next year, Bank of Baroda had merged Vijaya Bank and Dena Bank with itself.

A deal would see Singapore-based Grab buy a majority interest in Ant-backed DANA from Indonesian media conglomerate Emtek.
Grab in talks to merge Indonesian payment firms to overtake Gojek: sources
11 Sep 2019 11:58 AM

Grab and Gojek are the top-two startup brands in Southeast Asia, valued at USD 14 billion and USD10 billion.


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