Raymond Group, having an interest in Textile & Apparels, Real Estate, FMCG and Engineering products has decided to streamline its corporate structure. In pursuant to this, the company will separate its lifestyle...
Future Consumer’s Quest for Value continues
Future Group is continuously trying to redefine the consumer space in India. Recently, Future Consumer Limited also came up with a new vision “FMCG 2.0” based on key pillars like Data Science, Multiple Categories...
Arcelor Mittal enters India by acquiring Essar Steel via IBC route
After a long-drawn legal battle, the Supreme Court of India on November 15 gave the ruling that ArcelorMittal can acquire Essar Steel for Rs 42,000 crore. The apex court over-ruled the appellate tribunal NCLAT which...
Attempt to remain relevant by merging BSNL and MTNL
In what seems to be last attempt, government has finally decided to revive by merging the two loss-making state-owned telecom companies Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL). The two...
Vardhman Group to Consolidate its Operations
The board of directors of Vardhman Textiles Limited, at its meeting held on August 13, 2019, considered and approved the scheme of arrangement amongst VMT Spinning Company Limited, VTL Investments Limited, Vardhman...
Mangalam Timber merges with Mangalam Cement
The BK Birla group-controlled Mangalam Cement Ltd and Mangalam Timber Products Ltd have been merged to attain value of scale. The consolidation will help in efficient utilization of their resources, reduction in...
Hinduja Group restructures media & communications business
The Hinduja Group via its main holding company Hinduja Ventures had originally started with the communication business and now has multiple businesses via its subsidiaries and investments. The media and communication...
Jet Airways Cross Border Insolvency Proceedings
In the Corporate Insolvency Resolution Process (CIRP) of Jet Airways (India) Ltd., the question came up for discussion on the validity and priority of the Insolvency proceedings being conducted at a country outside...
Total buys stake in Adani Gas to increase India footprint
In order to make a larger presence in India, Total SA will buy a 37.4% stake in Ahmedabad-based Adani Gas Ltd for Rs 6,200 crore. The French energy giant has made an open offer to public shareholders of Adani Gas to...
Infibeam Avenues takes demerger route to pursue independent growth strategies
The board of Infibeam Avenues approved demerger of E-commerce business of NSI Infinium and its Theme park & Software business into Suvidhaa and DRC Systems respectively, which will be listed at a later date. The...
RBI rejects proposed Lakshmi Vilas Bank-Indiabulls Housing Finance merger
After a lot of scrutiny, Reserve Bank of India (RBI) finally rejected the proposed merger between Chennai-based Lakshmi Vilas Bank (LVB) and Gurugram-based Indiabulls Housing Finance Limited (IBHFL). The proposed merger...
Titagarh Wagons Ltd moves ahead with consolidation of three entities
TITAGARH Group is a leader in manufacturing of heavy engineering equipment, like freight wagons, railway castings – bogies and couplers. The group is operated in India and Europe through several subsidiaries and joint...