With rising disposable income of Indians, younger demography and fast-paced industrial development, Indian retail industry has emerged as one of the most dynamic sectors. The Indian retail industry accounts for 10% of...
Sebi-FMC Merger to Boost Commodities Trading
Commodities regulator Forward Markets Commission (FMC) was merged with the capital markets regulator Securities and Exchange Board of India (Sebi) in September 2015. It is for the first time that a regulator had been...
Sebi to Act Against Companies With No Woman Director
Market regulator Sebi will take ‘necessary’ action against listed firms which fail to appoint at least one woman director on their Boards by the end of this month, Parliament was informed today. The...
Adani Group Restructures for Long‐Term Play
In order to build on its core strength, diversified industrial house Adani Group has restructured its business. Under the newly structured pattern, the group demerged its listed power generation and ports firm spliced...
Max India Demerges Into 3 Verticals
The Board of Max India Ltd, on January 27, 2015, has approved a Corporate Restructuring plan to split the company through a demerger, into three separate listed companies with three separate business verticals...
Ultratech Cements In It’s No.1 Position
UltraTech Cement, India’s largest cement maker and part of the Aditya Birla Group, on December 24, 2014, said its board has approved to acquire two cement plants of Jaiprakash Associates in Madhya Pradesh for...
RECLASSIFICATION OF PROMOTERS AS PUBLIC
Market regulator the Securities and Exchange Board of India (SEBI) on 30th December, 2014 proposed new rules to allow reclassification of promoters of Listed Company looking to become public shareholders. SEBI is...
Jagran Prakashan Buys Radio City
In order to consolidate its position in the growing media space, Jagran Prakashan (JPL) bought Music Broadcast (MBPL), which operates popular Radio City FM stations. Foraying into the radio business, Jagran...
Merger Of Ing Vysya And Kotak Mahindra Bank
The banking industry is largely fragmented in India with more than half of the commercial banks being state-run entities. Also amongst them, only two of them figure among the world’s 100 largest banks. Besides, there...
Mandhana Industries Demerges Retail Business
Textile and apparels manufacturer Mandhana Industries (MIL) announced that it is in the process of demerging its retail business comprising of brand Being Human into an independent entity called ‘Mandhana Retail...
NSEL, FT Merger On The Cards
In December 2015, the Bombay High Court has given 45 more days to the Ministry of Corporate Affairs (MCA) to pass the final order in the proposed merger of scam-hit National Spot Exchange Ltd (NSEL) with its parent...
Shasun Pharmaceuticals And Strides Arcolab Ltd Merge
Shasun Pharmaceuticals has got the approval from Madras High Court for Scheme of Amalgamation with Strides Arcolab Ltd. The Competition Commission of India (CCI) has issued its approval for the proposed merger of drug...