A Group of Ministers, chaired by Defence Minister Rajnath Singh, is learnt to have deferred merger of public sector telecom firms BSNL and MTNL due to financial reasons, according to government sources. The group of...
Sebi questions BSE on its nod for Future deal
The markets regulator has questioned BSE’s alacrity in clearing the share capital reorganization of Future Group firms, as part of a $3.5 billion acquisition by Reliance Industries Ltd (RIL), despite four unresolved...
Future-Reliance deal: BSE to consult SEBI after Amazon’s objection, says report
The Bombay Stock Exchange (BSE) will consult the market regulator and seek clarifications from Future Retail and Reliance Industries about their $3.4 billion transactions, following Amazon’s objection to the deal...
Deutsche Boerse AG exits BSE; sells remaining shares for ₹44 crore
Frankfurt-based Deutsche Boerse AG on Tuesday sold its remaining 1.75% stake in BSE Ltd for ₹44 crore through an open market transaction. As per the bulk deal data on the NSE, Deutsche Boerse AG sold the remaining...
NSE-BSE bulk deals: Franklin Mutual trims stake in Indiabulls Housing Finance
Among key bulk deals on Monday, Franklin Mutual trimmed its stake in housing finance company Indiabulls Housing Finance, while Cornalia Acquisition sold its entire stake in lender Shriram City Union Finance to Arkaig...
IBC deferral plan and absence of loan rejig put banks in a fix
Banks are in a quandary over the resolution of stress among corporate borrowers as they find themselves caught between the government’s proposal to suspend the bankruptcy code for a year and the Reserve Bank of India’s...
Essar Steel CoC cannot discriminate between operational creditors, observes NCLAT
The National Company Law Appellate Tribunal (NCLAT) on Tuesday observed that the Committee of Creditors of Essar Steel cannot discriminate between operational creditors of the debt-ridden firm. The CoC of Essar Steel...
McDonald’s plea against NCLT show cause premature, observes Delhi HC
The Delhi high court on Thursday said that a plea by McDonald’s against a show cause notice issued to the fast-food major by the National Company Law Tribunal on a contempt plea filed by its estranged Indian partner...
BSE files insolvency case against seven companies
In a first, a stock exchange is taking firms that have failed to pay up dues to the bankruptcy court. BSE Ltd on Tuesday said it is taking seven companies to National Company Law Tribunal (NCLT) under the Insolvency and...
Aster DM Healthcare to raise $150 million in minority listing on India’s BSE
United Arab Emirates-based Aster DM Healthcare expects to raise around $150 million from listing a 10 percent stake on the Bombay Stock Exchange by March 2018, its managing director said on Monday. The company filed a...
BSES Rajdhani to buy 100 MW wind power from Power Trading Corp
BSES Rajdhani Power Ltd (BRPL), a joint venture power distribution company of Reliance Infrastructure Ltd. and the government of Delhi, on Thursday, signed a deal to purchase 100 megawatt (MW) of wind power from state...
HC okays merger of 2 subsidiaries with PVR Ltd: BSE, NSE told
PVR LtdBSE 0.18 % has informed Bombay Stock Exchange and the National Stock Exchange of India that the Delhi High Court has approved the merger of two of its subsidiary companies with it, effective from April 1, 2015...