Ever since veteran leader Sharad Pawar formed the Nationalist Congress Party in 1999, one question that always loomed large – will Sharad Pawar ever go back into the Congress fold? So far, there were straight denials to this question but now the tide may be turning. Notably, Pawar has never[Read More…]
Tag: Merger
Idea-Vodafone merger to become world’s 2nd largest telecom company
Vodafone India and the Kumar Mangalam Birla-owned Idea Cellular would merge to create the country’s biggest phone company by subscribers, giving a tough fight to Bharti Airtel. The fresh Rs 1.55 lakh crore entity will also be the world No. 2 after China Mobile. Under the merger, both the company[Read More…]
Five associate banks to merge with State Bank of India
In the largest consolidation exercise in the banking history of the country, all the five associate banks including – the State Bank of Bikaner and Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH) will merge[Read More…]
Much anticipated Reliance Communication-Aircel merger likely this week
Anil Ambani led Reliance Communications (RCom) board has approved the company’s merger with Aircel. The merged company will be one of India’s largest private sector companies, with an asset base of over Rs 65,000 crore and net worth of Rs 35,000 crore. To grow the business further both companies have[Read More…]