Merger

Chennai, Dec 31: A major union in the banking sector, All India Bank Employees' Association (AIBEA) apprehends the uniform service condition between the State Bank of India and its five associate banks as sort of a precursor for merger,…

Industrialist Anil Agarwal on Sunday announced the merger of two of his group companies -- the oil and gas exploration major Cairn India with the natural resources arm Vedanta Ltd. Cairn shareholders will get one equity and one redeemable…

Six political parties - Samajwadi Party, Janata Dal (U), Janata Dal (S), Rashtriya Janata Dal (RJD), Indian National Lok Dal (INLD) and Samajwadi Janata Party (SJP) merged today to announce the birth of a new political party under the…

Industry chamber Assocham said on Sunday that it has written to Finance Minister Arun Jaitley to reconsider the draft merger order of the National Spot Exchange Ltd (NSEL) with its parent firm Financial Technologies (India) Ltd (FTIL) in…

After Lalu Prasad's Rashtriya Janata Dal (RJD), the ruling Janata Dal-United (JD-U) of Bihar has affirmed its approval for the merger of six parties of the erstwhile Janata Parivar. "The party has declared its support for merger and…

The ING Vysya Bank has merged with Kotak Mahindra Bank with effect from April 1, 2015 and the combined entity will bear the name Kotak Mahindra Bank. It was a historic moment for the Indian financial services sector, because never before…

India's largest pharma company Sun Pharmaceutical Industries on Wednesday announced the closure of its merger with Ranbaxy Laboratories saying the integration will deliver synergies worth $250 million (over Rs.1,500 crore) in three years.…

Aditya Birla Industries owned bulk and specialty chemicals manufacturer Aditya Birla Chemicals India Ltd. (ABCIL) Wednesday said it was merging with Grasim Industries, also owned by the same group. The Board of Directors of Grasim…