Merger | The Asian Age

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Post this merger, the number of PSU banks will come down to 19.

Dena Bank surges 20 pc; BoB tumbles 14 pc post merger announcement

Shares of Bank of Baroda dived 13.76 per cent to Rs 116.50 and Vijaya Bank lost 2.59 per cent to Rs 58.25.

18 Sep 2018 12:55 PM

The boards of the banks would meet separately to clear the merger.

Merger of BoB, Vijaya, Dena Bank to improve efficiency, governance: Moody's

The merged entity will have a market share of about 6.8 per cent by loans, according to data as of March 2018.

18 Sep 2018 10:58 AM

The combined bank capital post merger is 92 per cent CET1 (core equity capital) and it is not to save Dena Bank but to lend more, get more deposits.

Vijaya, Dena, Bank of Baroda in 3-way bank merger

Merged entity will be 3rd largest bank after SBI and PNB in terms of size, deposits and will continue to receive capital support from govt.

18 Sep 2018 10:29 AM

The combination will have all India revenue market share of 32.2 per cent and take the numero uno slot in nine telecom circles.

Vodafone Idea complete merger to creates India's largest mobile operator

The board has appointed Balesh Sharma as the CEO, the companies said in a joint statement.

31 Aug 2018 12:31 PM

Idea, a part of the Aditya Birla conglomerate, and Vodafone both declined to comment.

Idea and Vodafone's India deal edges closer to completion: source

Vodafone had set the end of August - or Friday - as its target to close the deal.

31 Aug 2018 8:34 AM

The LIC-IDBI merger looks only a matter of time now, but the discontent among bank employees is growing.

Young IDBI staff threatens suicide as merger plan with LIC moves on

IDBI Bank Officers’ Association, in association with AIBOC, will go on strike from August 6-10.

06 Aug 2018 1:53 PM

DoT gave conditional nod to the merger on July 9 and asked the two firms to meet the demand raised for taking the merger on record.

Govt gives final nod to Vodafone-Idea merger; to be India's largest operator

Idea Cellular and Vodafone India made a joint payment of Rs 7,268.78 crore.

26 Jul 2018 3:49 PM

Idea Cellular and Vodafone announced to merge operations in March last year and were targeting to seal the merger by June.

Vodafone Q1 revenue down 22 pc; to complete Idea merger by Aug

Company exuded confidence of completing the transaction by next month.

25 Jul 2018 3:02 PM

Rs 3,926.34 crore have been paid in cash and bank guarantee of Rs 3,322.44 crore have been furnished.

Idea, Vodafone pay Rs 7,249 cr under protest to DoT for merger

Idea Cellular and Vodafone have made payment under protest as demanded by the DoT for the merger.

24 Jul 2018 9:16 AM

The department has also asked Idea Cellular to furnish a combined bank guarantee of Rs 3,342 crore.

DoT looks into Vodafone-Idea dues re-computation plea

DoT is revising its cash demand of Rs 3,926 crore on Idea-Vodafone, which as per initial assessment could come down by Rs 400 crore.

19 Jul 2018 9:44 AM

The Idea-Vodafone merger is set for clearance as the telecom department is expected to demand just unconditional undertaking from Idea, the new owner, on court case of the British company apart from immediate bank guarantee of Rs 2,100 crore for one-time spectrum charges.

Idea-Vodafone merger set to receive clearance from telecom department

The department will adopt all procedural safeguards before allowing the merger as monetary issues are involved.

21 Jun 2018 12:10 PM

The Department of Telecom (DoT) is likely to approve on Monday the merger of Vodafone India and Idea Cellular that will create the country's largest mobile service operator with proposed name of Vodafone Idea Ltd.

Telecom department likely to approve Vodafone-Idea merger today

Idea and Vodafone have decided to combine their operations to create the country's largest telecom operator.

18 Jun 2018 12:15 PM

Stand-in Finance Minister Piyush Goyal. (Photo: PTI)

Bank merger back on table, Piyush to meet bank chiefs

Meeting is also expected to take a call on issuance of recapitalisation bonds for some of the weak banks.

08 Jun 2018 8:52 AM

Vodafone and Idea had announced that the merger would be complete by June. (Photo AFP)

Revised M&A norms to pave way for Idea-Vodafone merger

DoT will seek Rs 2,100 crore bank guarantee this month from Idea Cellular as one-time spectrum charge.

01 Jun 2018 8:37 AM

Supreme Court last week rejected DoT's petition for security deposit of around Rs 1,700 crore from the companies and directed it to approve the merger. (Photo: PTI)

DoT approves merger of Bharti Airtel and Telenor India

The National Company Law Tribunal (NCLT) had approved the proposed merger on March 8.

14 May 2018 1:35 PM

The specific reasons for the rejection of approval for the merger could not be immediately ascertained. (Photo: Representational/PTI)

Govt denies approval for Jet Airways-Jet Lite merger

Shares of Jet Airways declined 2.36 per cent to close at Rs 499.80 apiece on the BSE.

10 May 2018 11:09 AM

BFIL said it has received 'no objection certificate' from the Reserve Bank of India (RBI) for the proposed merger.

BFIL seeks SEBI nod for merger with IndusInd Bank

In October last, IndusInd Bank had decided to acquire the country's leading micro-finance player BFIL.

24 Apr 2018 4:20 PM

The talks indicate that homegrown Ola will take over Uber India. (Photo: AFP)

Softbank reviving Ola-Uber India merger talks

India is already among the top three markets for Uber after the US and Latin America.

29 Mar 2018 12:24 PM

The merger - slated to create India's largest telecom operator in terms of customer base and revenue market share. (Photo AFP)

Vodafone, Idea merger in final stage of approval: Telecom Secretary

The mega merger has already received the green light from NCLT and markets regulator SEBI.

27 Mar 2018 12:43 PM

Dish TV has an active subscriber base of 15.5 million, while that of Videocon d2h stands at around 12.2 million.

Dish TV India, Videocon d2h merger completed

Dish TV India said it has duly filed required documents with the Registrar of Companies, Mumbai, Maharashtra.

22 Mar 2018 5:03 PM

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Sanjeev Ahluwalia