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1-10 results from 1000 for query «merger»

14 October, 2017 11:12 PM Largest MFI deal: IndusInd Bank to buy Bharat Financial Inclusion

IndusInd Bank’s managing director Romesh Sobti said BFIL's shareholders will receive 639 shares of IndusInd for every 1,000 shares of the microfinance major, implying a premium of 12.6% to BFIL over two-week volume weighted price. Almost a month after entering into an exclusivity agreement, IndusInd Bank and the country’s second-largest microfinance 37

13 October, 2017 1:01 PM Idea shares jump 6%; mcap surges by Rs 1,594 cr

Shares of Idea Cellular soared nearly 6 percent today after shareholders of the telecom operator approved the scheme relating to the merger of its mobile business with Vodafone India. The stock jumped 5.91 percent to end at Rs 78.90 on BSE. During the day, it soared 8 percent to Rs 80.50. At NSE, shares of the company zoomed 5.83 percent to close at Rs 78.90. The company's 26

13 October, 2017 10:51 AM Nifty at record closing high ahead of Diwali, Sensex rallies 250 pts but Midcap flat

The Nifty 50 ended at fresh record closing high on Friday as investors cheered macro data, earnings and telcos deals. The rally was driven by banks, telecom and metals stocks, and Reliance Industries. But the broader markets underperformed benchmarks, ending flat. The 50-share NSE Nifty rose 71.10 points or 0.70 percent to 10,167.50, after hitting a fresh 39

13 October, 2017 4:45 AM Tata's 'Debt-Free, Cash-Free' Merger With Airtel: The Shakeout Spreads

Bharti Airtel Ltd. agreed to absorb Tata Group's mobile-phone business in the latest merger shaking up one of the world's most crowded wireless markets. Under the agreement, India's largest mobile-phone operator will get Tata Teleservices Ltd.'s airwaves and 40 million customers, Bharti said in an emailed statement on Thursday. Tata will settle past liabilities 41

12 October, 2017 7:17 PM Post wireless merger, Bharti-Tata tango likely across telecoms & media space

MUMBAI: With the merger of the mobile wireless business of Tatas and Bharti, India’s largest conglomerate has embarked on a strategic overhaul of its entire telecom and media business. Group insiders say that going forward, both sides will explore a deeper alliance that could soon involve consolidating their direct-to-home TV and broadband businesses 25

12 October, 2017 12:59 PM ETMarkets After Hours: Tata Tele fires up on merger buzz; metals dazzle

NEW DELHI: It was pre-Diwali party on Dalal Street on Thursday, as the domestic market jumped to a three-week high amid hopes of better second quarter earnings. Firm global cues lifted the sentiments further, helping benchmark indices to break the shackles of rangebound trading. The Sensex climbed 348 points or 1 per cent to settle at 32,182, with Reliance 31

6 October, 2017 8:58 AM Reviving Lending An "Unfinished Agenda", Says Outgoing SBI Chief

State-run banks, including SBI, have battled rising bad loans in recent years. Mumbai: Arundhati Bhattacharya, who ends four years at the helm of State Bank of India (SBI) on Friday, said that reviving lending in the country was one of the major tasks left unfinished. State-run banks, including SBI, the country's largest, have battled rising bad loans 125

4 October, 2017 3:37 PM Reliance Communications (RCom) Applies To Withdraw Towers Spin-Off

Mumbai: Reliance Communications said on Wednesday it had applied to a tribunal to withdraw a plan to spin-off its towers business, as a first step towards renegotiating the deal after ending plans to merge its wireless business with a rival. As part of plans to cut its heavy debt load, RCom had agreed to sell a 51 percent stake in the tower arm to Canada's 17

3 October, 2017 5:09 PM Bharti Ghana wins nod for Tigo merger

Bharti Airtel on Tuesday said that the National Communications Authority — Ghana’s communications regulator, had approved the merger of Bharti Ghana Ltd. and Millicom Ghana Ltd. (Tigo), subject to certain conditions. The merger was announced in March this year. “This merger will result in an entity which will be the second-largest mobile network operations 9

2 October, 2017 11:51 AM After Aircel deal failure, RCom elevates four old-timers to its board

Anil Ambani-led Reliance Communications (RCom) has expanded its board by elevating four old timers to its board a day after its merger deal with rival Aircel was aborted. Punit Garg, president, Telecom Business has been appointed as executive director of RCom, while Manikantan V., who is the chief financial officer has been elevated as director of the company 2