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...
Phoenix Mills Limited merges its subsidiary company
The Phoenix Mills Limited (PML), India’s largest retail-led mixed-use developer and operator has announced a scheme of amalgamation of its subsidiary company, Phoenix Hospitality Company Private Limited (PHCPL) with PML...
Dus ka Char: Government to merge 10 PSU banks into four
In order to create large-size state-owned banks, the government has decided to merge 10 public sector banks into four. The mergers will help drive credit growth, lift the slowing economy of the country and boost the...