The Board of Directors of the Borosil Glass Works Limited (BGWL) has approved the consolidation of its various group entities i.e. Hopewell Tableware Private Limited (HTPL), Vyline Glass works Limited (VGWL) Fennel...
Essel Group on acquisition spree
The over Rs 22,500 crore Essel Group is one of the most prominent business houses in the country with a diverse portfolio of assets in media, packaging, entertainment, technology-enabled services, infrastructure...
Dalmia Group goes for major overhaul
DALMIA Group is on a massive business restructuring exercise. The group companies proposed three schemes one after the another which involved merger, reverse merger slump sale and slump exchange and reduction and...
M&A Happenings – December 2016 – Mumbai High Court
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals December 2016 November 2016 Agriculture - - Chemicals 3 1 Entertainments 2 1 Financial Services 3 2 Information Technology 2 - Investment 3...
M/s. Triune Projects Pvt. Ltd. Vs. DCIT
Facts of the Case The appellant-assesse, a private limited company having business of design, engineering and consultancy in the oil and gas (both onshore and offshore), petroleum refinery and allied sector. On 22.09...
M/s Siemens Pub. Communication Network Pvt. Ltd. Vs. CIT.
Facts of the Case The appellant-assesse, a private limited company was loss making Company, received subvention from its parent Company in Germany. As per assessing officer these subventions should be treated as revenue...
2016 — India Inc’s year of fire sales
The year 2016 will go down in the history of India Inc for the record number of fire sales as companies struggled with stressed balance sheet and banks burdened with bad loans. For years in the past, companies across...
Reliance Capital: Renewing focus on Real Estate, Banking services
The government’s unique mission -- Housing for All by 2022 --- has led to creation of more focus entities in the industry with plans of expansion to grab the opportunities that are going to come. As a move in that...