MSME-focused online payment gateway Instamojo has acquihired Bengaluru-based virtual theatre and vernacular content platform Showman. Acquihire is the acquisition of a company primarily for the skills and expertise of...
Hinduja Global Solutions acquires 100% stake in HGS Digital
Hinduja Global Services (HGS) on Saturday said its UK unit has acquired 8.23 per cent stake in HGS Digital LLC. Hinduja Global Solutions UK Ltd, a HGS subsidiary, already held 91.77 per cent equity interest in HGS...
No going back on privatisation of BPCL, Air India
COVID-19 carnage may have slightly pushed back timelines but there is certainly no going back on privatisation of bluechip public sector undertakings like BPCL and Air India as the government feels it has no business to...
Axis Bank tweaks Max Life Insurance deal after RBI rejects direct stake buy proposal
Axis Bank in a recent BSE filing informed that the Reserve Bank of India (RBI) has refused it to directly acquire 17% stake in Max Life Insurance. The private lender will now purchase shares in Max Life along with its...
RIL deal: Future Retail asks exchanges to disregard arbitration order
Future Retail (FRL) on Sunday asked the stock exchanges to not take cognisance of an order by Emergency Arbitrator (EA) nominated by the Singapore International Arbitration Centre (SIAC) that barred the company from...
Mega Merger of PSU Banks: How depositors, borrowers will get impacted and what they need to do
Rather than being an exception, merger and amalgamation of banks have become a norm in current times. In fact, amalgamation of several banks has taken place in recent years, which is aimed at facilitating consolidation...
Centre seen missing FY20 disinvestment target as majority of PSU stocks slump
With majority of PSU stocks slumping, the Centre will struggle to reach even the revised disinvestment target of Rs 65,000 crore, which was 38% lower than the Budget estimate of Rs 1.05 lakh crore for FY20. So far in...
Concor disinvestment process hits a roadblock! Private companies object to sale of Indian Railways land to PSU
The Container Corporation of India’s disinvestment process has hit a roadblock! Piyush Goyal-led Railway Ministry has valued the cost of its land leased to Concor at Rs 16,500 crore. However, the private container...
Disinvestment puts India’s PSU icons on sale as Modi govt scrambles for money
After years of small divestments, Prime Minister Narendra Modi has launched India’s biggest-ever asset sale, a $29 billion privatization drive that would help prop up the economy but could also spark worker protests as...
IBC resolution: Plan to reduce committee of creditors’ remit junked
The government has dropped its plan to firm up a formula to distribute resolution proceeds under the Insolvency and Bankruptcy Code (IBC) and reduce the committee of creditors’ (CoC) remit on the disbursement of funds...
Suzlon board approves debt restructuring plan, promoters to infuse Rs 400 crore
The board of beleaguered wind energy producer Suzlon Energy has approved the debt restructuring plan, which will be presented to the committee of creditors (CoC) shortly. This debt restructuring plan will include equity...
BPCL stakes sale: Govt to issue expression of interest in next few days
The government will come out with the expression of Interest (EoI) inviting bidders for privatisation of BPCL within few days, a senior official said on Sunday. The Cabinet in November had cleared strategic sale of oil...
