Merger | The Asian Age

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Two firms would produce 8.7 million vehicles a year, creating an industry powerhouse with an expected market value of some 36 billion euros (USD 40 billion).

Renault to decide on merger talks with Fiat Chrysler

Nissan, a long-time Renault partner, fears being sidelined by the deal.

04 Jun 2019 11:45 AM

Fiat Chrysler Automobiles (FCA) spokeswoman Shawn Morgan declined to comment. The French government, Renault’s biggest shareholder with a 15 per cent stake, also declined to comment.

Fiat Chrysler discusses improved Renault merger bid to win French backing

The improved offer, if formalised and accepted, would also see the combined company’s operations headquartered in France.

03 Jun 2019 10:45 AM

The TDSAT on May 2 granted partial stay on a Rs 8,300-crore demand raised by the telecom department from Bharti Airtel for approving its merger. (Photo: PTI)

Airtel submits Rs 644 crore bank guarantee in TDSAT for Tata Tele merger

The tribunal also asked Airtel to submit 50 per cent payment of Rs 1,287.97 crore demand raised by the DoT.

27 May 2019 4:32 PM

After the acquisition is complete, Careem will become a wholly-owned subsidiary of Uber. (Photo: AP)

Uber acquires rival Careem for USD 3.1 billion

Uber will acquire all of Careen’s mobility, delivery and payments businesses across the greater Middle East region.

27 Mar 2019 2:46 PM

The deal is likely to shake up the media landscape. (Photo: AP)

Disney closes USD 71 billion deal for Fox Entertainment assets

Disney also gets a controlling stake in the existing streaming service Hulu.

20 Mar 2019 11:40 AM

The companies will combine their respective mobile, enterprise and carrier services businesses in Kenya to operate as Airtel-Telkom. (Photo: PTI)

Bharti Airtel unit to merge with Telkom Kenya

Bharti Airtel was in talks to buy Telkom Kenya, to create a stronger challenger to market leader Safaricom.

08 Feb 2019 5:49 PM

Vodafone holds 45.1 stake in the combined entity, while Kumar Mangalam Birla-led Aditya Birla Group controls 26 per cent and Idea shareholders own 28.9 per cent.

Vodafone Idea to raise Rs 25,000 crore via rights issue

The board has authorised the Capital Raising Committee to decide the nuances of the Rights Issue.

23 Jan 2019 5:51 PM

Finance Minister Arun Jaitley. (Photo: ANI)

No job losses due to merger of public sector banks: Arun Jaitley

PAC is initiated against banks that have high levels of non-performing assets (NPAs).

04 Jan 2019 2:11 PM

The merger has been designed to make BoB as merged entity, a globally competitive lender, Prasad added.

Cabinet clears merger of Dena Bank, Vijaya Bank with BoB

With the merger, BoB will become the third largest bank after State Bank of India and ICICI Bank.

03 Jan 2019 10:34 AM

The nation-wide strike would impact banking services like deposits and withdrawal at branches, cheque clearances and issuance of demand drafts, among others. (Photo: PTI)

Bank workers at it again: Second nation-wide strike within a week

The unions are claiming that the merger is not in the interest of banks or their customers and will in fact be detrimental to both.

26 Dec 2018 10:04 AM

The union is also opposing the government proposal to merge Bank of Baroda, Vijaya Bank and Dena Bank.

PSB officers on strike, protesting merger, seeking wage hike

Around 3.20 lakh officers from various state-run banks have called for a one-day strike.

21 Dec 2018 4:05 PM

The scrip of IDFC Bank rose 4.26 per cent to close at Rs 42.85 on BSE.

IDFC Bank, Capital First rise over 4 pc on completion of merger deal

The boards of IDFC Bank and Capital First met to take note of all requisite approvals and the order from National Company Law Tribunal.

19 Dec 2018 5:42 PM

Opposing the merger of these 3 banks, nearly 10 lakh bank employees and officers would take part in the nation-wide srike on Dec 26.

Merger of BoB, Dena bank and Vijaya bank unwarranted: AIBEA

After merger of the six banks with SBI, the non-performing assets have further gone upto Rs 2.25 lakh crore.

15 Dec 2018 5:03 PM

The strike will be organised by the United Forum of Bank Unions (UFBU), an umbrella body of nine employee and officer unions. (Representational image)

Bank unions threaten nationwide strike on December 26

Bank unions called strike to protest the proposed merger of Bank of Baroda, Dena Bank and Vijaya Bank.

01 Dec 2018 3:20 PM

The Bank Nationalisation Act will need to be amended to facilitate the merger of the three banks.

BoB, Dena, Vijaya Bank to start operations from April 1

The merger will create India’s third largest bank with a total biz of over Rs 14.82 lakh crore.

29 Nov 2018 10:51 AM

The boards of all the three banks have approved (the merger proposal) and sent the recommendations to the government.

BoB, Vijaya Bank, Dena Bank merger plan sent for govt note

Merger of the three banks would be through share swap, which will be the part of the scheme of merger.

10 Oct 2018 11:25 AM

After getting approvals from their respective boards, state-run Bank of Baroda, Vijaya Bank and Dena Bank have sent the proposal to merge all the three lenders to the government for a final approval, a top bank official said.

Bank of Baroda, Vijaya Bank, Dena Bank send merger proposal for govt nod

The boards of all the three banks have approved the merger proposal and sent the recommendations to the government.

09 Oct 2018 5:27 PM

The Board of Vijaya Bank has given its approval to a government proposal of consolidation with Bank of Baroda and Dena Bank as per reports from ANI.

Vijaya Bank gives nod to proposal of merger with Bank of Baroda, Dena Bank

The merger entity of Vijaya Bank, Dena Bank and Bank of Baroda will become the third largest lender in India.

30 Sep 2018 3:15 PM

65 per cent of the combined entity's branches are concentrated in these states.

BoB, Vijaya Bank, Dena Bank merger may cause short-term spurt in bad assets

The merged bank may need additional tier 1 capital depending on internal accruals for FY19.

20 Sep 2018 6:05 PM

Investors, sectoral experts and bankers are all now speculating the next wave in bank mergers.

Fingers crossed over next wave of bank mergers

Currently there are nine banks still placed under the prompt corrective action (PCA) framework of the RBI.

19 Sep 2018 11:26 AM

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Shobhaa De