Bank of Baroda (BoB) on Monday has become the second largest state-owned lender after merging Dena Bank and Vijaya Bank with itself as part of a three-way amalgamation. The... Read more »
Operational creditors that were to receive Rs 214 crore from the Essar Steel debt resolution plan submitted by ArcelorMittal, could net an additional Rs 1,000 crore, reports Business Standard. Operational creditors... Read more »
India’s second largest IT services firm Infosys on Thursday said it will acquire 75 percent stake in ABN AMRO Bank’s wholly-owned subsidiary, Stater, for 127.5 million euros (about Rs 989 crore).... Read more »
The lenders of Essar Steel on Wednesday said that the National Company Law Appellate Tribunal (NCLAT) and meeting of the Committee of Creditors of the debt-ridden firm is going... Read more »
Grasim Industries on Monday said it has challenged the ₹5,872.13 crore income-tax demand with regard to its merger with two Aditya Birla group firms before the Bombay High Court, which... Read more »
Reliance Retail Ltd (RRL), the retail arm of Reliance Industries said on Tuesday that it has bought ITC Ltd’s menswear brand John Players. The acquisition will bolster RRL’s readymade... Read more »
Twenty-five years after founding private airline Jet Airways, Naresh Goyal and his wife Anita Goyal have stepped down from the board of the company. Naresh Goyal will also cease... Read more »
Bajaj Auto International Holdings BV is in talks to offload its 48 per cent stake in Austria-based KTM AG to its parent company KTM Industries AG, which is Europe’s biggest sport motorcycles producer. Bajaj Auto informed... Read more »
Fortis Healthcare on Tuesday announced that its board has appointed Ashutosh Raghuvanshi as MD and CEO of the company with immediate effect for a period of 3 years, subject... Read more »
Indian conglomerate Larsen & Toubro (L&T) in its filing informed that they have acquired 20.32 percent stake in IT services company Mindtree for 32.69 billion rupees ($476.57 million). The... Read more »