merger

After a visit to the plant, he told reporters that there is a possibility of reviving the public sector undertaking."Who told you that we were going to privatize? Why did I come here? This is not about privatization. Before announcing, you need the Prime Minister's permission. I have to...

New Delhi, Around 600 non-flying employees of Air India and Vistara are likely to be affected by the mega merger of the two airlines, and efforts will be made to provide job opportunities to the affected employees within the Air India group and Tata companies, sources said. on Wednesday.The...

Vistara, a joint venture between the Tata Group (51 per cent) and Singapore Airlines (49 per cent), is being merged into Air India to create a single full-service carrier.At the same time Air India's subsidiaries, AIX Connect (formerly Air Asia) and Air India Express, are merging to form a...

New Delhi, Mumbai Oncocare (MOC) Cancer Care and Research Center and Gujarat Hemato Oncology Clinic-Vedanta (HOC) announced the merger of the two companies, a statement said.The new entity is set to expand its reach across India with 22 community cancer care centers in Maharashtra, Madhya...

Mumbai: Harmonization of operating manuals across all Tata group airlines has been completed ahead of the Vistara-Air India merger and amalgamation of AIX Connect with Air India Express, it said in a statement on Monday.Currently, the steel-to-software conglomerate wholly owns three airlines –...

New Delhi, Two banking unions, AIBOC and AIBEA, have demanded merger of regional rural banks (RRBs) with their respective sponsor banks to ensure overall efficiency and viability of the banking sector.It is imperative that to ensure the desired level of operational efficiency, the duality of...

New Delhi: Adani group-owned Ambuja Cements on Thursday said its board of directors approved the merger of Adani Cementation, which is now a subsidiary of Adani Enterprises.After approval of Adani Cementation Plan of Merger, following regulatory and shareholder approval, it would become a...

New Delhi, Indian IT major Tech Mahindra on Tuesday announced the merger of its step-down arm HealthNext with its wholly owned subsidiary Tech Mahindra (US).According to a regulatory filing, the merger will be effective from July 1, 2024."Both the transferor and transferee companies are...

New Delhi, Sun Pharmaceutical Industries on Monday said it has completed the merger of Taro Pharmaceutical Industries with itself in a deal worth USD 347.73 million.As part of the merger, Sun Pharma has acquired all the outstanding ordinary shares of Taro in addition to the shares already held...

Banerjee replaces NP Singh, who stepped down after 25 years, and will move into the role of non-executive chairman to support the transition by the end of the financial year, the company said in a statement.“Under Singh's remarkable leadership, SPNI has achieved tremendous success and...

NTT Data said in a statement that Dubey will lead 1,50,000 employees worldwide as he helps accelerate the company's growth.The appointment follows the merger between NTT DATA and NTT Ltd., creating a more than $30 billion global powerhouse under the NTT DATA name.Earlier, Dubey served as the...

New Delhi: The National Company Law Tribunal (NCLT) on Thursday approved the merger of Air India and Vistara, paving the way for the creation of one of the world's largest airline groups.After the merger, which was announced in November 2022, Singapore Airlines will hold 25.1 per cent stake in...

New Delhi, Zee Entertainment on Thursday said its board has approved a plan to raise Rs 2,000 crore through various routes including equity share issue and qualified institutional placement (QIP).According to a regulatory filing by Zee Entertainment Enterprise Limited (ZEEL), the said amount...

NEW DELHI: Vistara is being nimble enough to course correct, its CEO Vinod Kannan said on Wednesday.The full service carrier, which is in the process of merging with Air India, recently faced significant disruptions due to pilot problems and now, operations are stabilising.Speaking at a...

New Delhi: The merger of Tata Motors Finance with Tata Capital has been approved by their respective boards, according to a filing.Tata Motors Finance Limited is a wholly owned subsidiary of Tata Motors Limited.In the filing, the auto major said its board has also approved the merger of Tata...

New Delhi, Leading broadcaster Zee Entertainment on Monday said it plans to raise funds from the market through various routes including equity issuance of shares and qualified institution placement (QIP).While the company did not disclose the amount it plans to raise, Zee Entertainment...

New Delhi: Union Home Minister Amit Shah has said the successful voting in Jammu and Kashmir has vindicated the Modi government's Kashmir policy, where separatists have also voted "overwhelmingly", as he assured that assembly elections will be held in the region. Held before 30 September.Once...

"After nearly 44 years in my career, including a rewarding stint of 25 years at SPNI, I have decided to move on from my role as MD and CEO," Singh said in an internal email to employees.He will focus on social change and transition from operational roles to advisory roles.Singh noted that...

New Delhi, Zee Entertainment Enterprises has demanded a termination fee of US$9 million (about Rs 748.7 crore) from Sony Group for canceling the US$1 billion merger deal in January this year.According to a regulatory filing by Zee Entertainment Enterprises Ltd (ZEEL) on Thursday, it has...

Singh is moving into an advisory role in the company."After almost 44 years in my career, including a rewarding 25-year tenure at SPNI, I have decided to move on from my role as MD and CEO," Singh said in an internal email to employees.He will focus on social change and transition from...