Asirvad Microfinance is considering options of bringing in a financial partner and going public in due course, a top official of the company said. However, it is not in a hurry given the current environment and is...
Bharat Forge acquires Nouveau Power as SPV for Sanghvi Forgings acquisition
Forging company Bharat Forge (BFL) on Thursday announced the acquisition of 100% stake in Nouveau Power & Infrastructure, a group company 100% owned by promoters of BFL. This is part of the resolution plan approved...
Disinvestment: PSEs’ sale important for NIP agenda
Budget 2021-22 has been lauded by many as a step in the right direction. It lays a strong emphasis on infrastructure development – economic and social. Realising this infrastructure plan would require significant spend...
Oil min tells ONGC to sell oilfields; hive off drilling, other services
The petroleum ministry has told India’s largest oil and gas producer ONGC to sell stake in producing oil fields such as to Ratna R-Series to private firms, get foreign partners in KG basin gas fields, monetise existing...
Nashik-based York Winery to merge with Sula Vineyards
York Winery, a family-owned Nashik-based business, will soon merge with Sula Vineyards and become a wholly-owned subsidiary of Sula. Rajeev Samant, the founder CEO of Sula Vineyards, said the merger is a triple win —...
MSME-focused online payment gateway Instamojo acquihires Showman to strengthen product, technology
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...
