Mahindra’s unit close to European buy The automotive components arm of Mahindra & Mahindra Ltd., India’s top utility-vehicle maker, is close to buying a European parts firm, a senior company official...
United Western Bank to be merged with IDBI
United Western Bank to be merged with IDBI Reserve Bank of India (RBI) today place in public domain a draft scheme of amalgamation of United Western Bank (UWB) with Industrial Development Bank of India (IDBI). According...
Suvarna may merge with Cosmos Co-operative
Suvarna may merge with Cosmos Co-operative In what appears to be a move to pre-empt moratorium and other restrictions from the Reserve Bank of India (RBI), the Shree Suvarna Sahakari Bank (Shree Suvarna) has proposed a...
IDBI to pay Rs 28/shr for United Western Bank
IDBI to pay Rs 28/shr for United Western Bank IDBI will make an upfront payment in cash of Rs 28 in respect of every fully paid-up share of United Western Bank. The current market price of UWB is Rs 21.5 per share...
Federal takes over 32 branches of Ganesh bank
Federal takes over 32 branches of Ganesh bank It is good times again for the beleaguered depositors of the erstwhile Ganesh Bank of Kurundawad (GBK), thanks to the bank’s merger with Federal Bank. Over one-and-a...
Thane Janata Sahakari Bk to buy 3 co-op banks
Thane Janata Sahakari Bk to buy 3 co-op banks The Thane Janata Sahakari Bank is close to acquiring three co-operative banks in Maharashtra – two in Pune and one in Nashik – and expects to close the deals...
ING Vysya Bank `sells off’ Bharat Overseas stake
ING Vysya Bank `sells off’ Bharat Overseas stake The deal for the takeover of Bharat Overseas Bank Ltd appears to have been consummated, with ING Vysya Bank announcing today that it had "sold off" its...
Merrill buys Shriram`s truck loans
Merrill buys Shriram`s truck loans Shriram Transport Finance Company said Merrill Lynch had offered to buy the company’s truck loan portfolio for $200 million (about Rs 924 crore) during the current financial year...
Century Plyboards mulling acquisition in Thailand
Plywood maker Century Plyboards is mulling to acquire a Thailand-based medium-density fiberboard making company, the cost of which might be in the range between Rs 350-400 crore. "We are mulling to acquire a medium...
Bajaj Auto to raise stake in Austria’s KTM
The equity holding of Bajaj Auto, India’s premium bike manufacturer, in Austria’s power bike company KTM Power Sport AG will be scaled up in the coming years to leverage on the foreign company’s...
Ashok Leyland, John Deere complete pact for venture
Ashok Leyland, the flagship of the Hinduja Group, and John Deere Construction & Forestry Company today announced the completion of all legal formalities for the formation of the joint venture company – Ashok...
State Bank of Indore merger on course
State Bank of India will go ahead with the merger of State Bank of Indore with itself in the next three to six months, once it receives the necessary approval. The boards of both SBI and State Bank of Indore have...
