Budget 2025 had stated that requirements and procedures for speedy approval of company mergers would be rationalised. Scope of fast-track mergers (FTMs) will be widened and the process made simpler. As a follow-up to...
Dabur India Board Approves Amalgamation Of Sesa Care Into Company
Dabur India Ltd.’s board of directors approved the amalgamation of Sesa Care Pvt. into the firm, according to an exchange filing on Monday. This is subject to the approval of shareholders, creditors and regulatory...
SC orders status quo on Bhushan Power liquidation
NEW DELHI: The Supreme Court of India ordered status quo on liquidation proceedings of Bhushan Power and Steel Ltd (BPSL) pending the verification of the review petition to be filed by JSW Steel. The court asked JSW...
Motorola Solutions nears $4.5 billion deal for radio maker Silvus
Motorola Solutions Inc. is in advanced talks to acquire closely held wireless-radio maker Silvus Technologies for around $4.5 billion, according to people familiar with the matter. The companies could announce a deal...
Bajaj Group get CCI’s nod to acquire Allianz’s 26 pc stake in insurance JVs for Rs 24,180 cr
The Competition Commission of India (CCI) on Tuesday said it has approved Bajaj Group’s plan to acquire Allianz SE’s 26% stake in its life and general insurance ventures for a total consideration of Rs...
Renault Group seeks CCI nod to buy out remaining 51% stake in Indian joint venture
French auto major Renault group has sought approval from fair trade regulator CCI to buy out its Japanese partner Nissan’s remaining 51 per cent stake in their Indian manufacturing joint venture — Renault...
CCI okays Temasek Holdings minority stake purchase in Haldiram Snacks Food
The Competition Commission of India on Tuesday approved Singapore’s Temasek Holdings proposed acquisition of a minority stake in Haldiram Snacks Food. Temasek Holdings through its arm Jongsong Investments Pte is...
CCI nod only after CoC: Govt working on amendments to insolvency law
The government may amend the insolvency law to stipulate that a resolution plan will require the Competition Commission of India’s (CCI’s) approval only after it’s endorsed by the committee of creditors (CoC) and not...
Intel explores sale of networking and edge unit: Sources
Intel has considered divesting its network and edge businesses as the chipmaker looks to shave off parts of the company its new chief executive does not see as crucial, three sources familiar with the matter said. Talks...
InsuranceDekho set to merge with RenewBuy
In a move that signals further consolidation in the insurance distribution landscape, two distributors-InsuranceDekho and RenewBuy-have signed merger documents through a share swap that will value the merged entity at...
Serentica, BlackRock, Sembcorp lead the race to buy Statkraft India
KKR-backed Serentica Renewables, BlackRock and Sembcorp are leading the race to acquire Statkraft’s Indian arm that the Norwegian state-owned company put on the block, according to people aware of the matter. The...
Amazon India board clears merger of logistics arm with marketplace entity
Amazon Transportation Services (ATS), the American ecommerce giant’s Indian logistics arm, is merging with Amazon Seller Services, the primary marketplace entity in India, according to a board approval document filed by...
