Notifying the scheme for amalgamation, the Centre today announced that the branches of Punjab and Maharashtra Co-operative Bank will operate as Unity Small Finance Bank branches from January 25, 2022. “The...
Government unveils plan on merger of film media units
The Information and Broadcasting ministry on Thursday made public the recommendations of the Bimal Julka-led expert committee’s report on rationalisation, closure and merger of film media units, seven months after it...
Government to amend banking laws to facilitate privatisation of two PSU banks
To facilitate privatisation of two public sector banks (PSBs), the government is all set to introduce a banking laws amendment bill in the upcoming Winter Session starting Monday. Finance Minister Nirmala Sitharaman...
Government making all efforts to complete Air India disinvestment process by December-end: Official
The government is making all efforts to complete the disinvestment process of national carrier Air India by the end of December, according to a senior official. Tata group firm Talace Pvt Ltd has emerged as the winning...
Government puts on sale MTNL, BSNL assets worth about Rs 1,100 crore
The government has listed for sale real estate assets of state-run telecom firms MTNL and BSNL at a reserve price of around Rs 1,100 crore, according to documents uploaded on the DIPAM website. BSNL properties located...
Government to sell residual stake in Hindustan Zinc Limited
The government will sell its stake in HZL following the Supreme Court’s decision on Thursday, a senior official said. All options of disinvestment including open market sale will be considered. “The...
Government of India asks ONGC to consider selling 60% stake in key oil, gas fields: Source
India’s petroleum ministry has asked state-run explorer Oil and Natural Gas Corp to consider selling a 60% stake in its two major oil and gas fields to private companies to boost output, a government source said...
Vivendi asked Spanish government authorisation to up stake in Prisa
French media group Vivendi has asked the Spanish government the authorisation to buy up to 29.9% in media company Prisa, the Spanish company said on Monday in a filing with the stock market regulator. The French media...
Telstra to buy Digicel Pacific in Australia government-backed $1.6 billion deal
Telstra Corp Ltd said on Monday it agreed to buy the Pacific operations of telecom firm Digicel Group in a $1.6 billion deal largely funded by the Australian government and seen as a way to block China’s rising...
Hungary’s government submits revised bid for Budapest Airport -source
Hungary’s government has submitted a revised offer to acquire Budapest Airport from its foreign owners, a source familiar with the matter told Reuters on Friday, as part of efforts to take back into state hands what...
Hong Kong government to wind up Lai’s Next Digital media group
Hong Kong’s Financial Secretary Paul Chan has presented a petition to the Court of First Instance to wind up Next Digital Ltd (NDL), the media group owned by jailed tycoon Jimmy Lai. Next Digital was the publisher of...
U.S. government panel reviewing Zoom deal to buy Five9
A U.S. Justice Department-led committee is reviewing Zoom Video Communications Inc’s proposed $15 billion all-stock deal to buy cloud-based call center operator Five9 Inc, according to a letter filed with U.S...