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This is the highest in a three-month period since merger announcement with HDFC Ltd
Mulls IPO upon the merger of Nodia, Nagpur businesses
The boards of TCFSL and TCCL have also accorded their approval
The lender said it will assume $56 billion in deposits and 17 legacy branches will begin operating Silicon Valley Bank, a division of First Citizens
UBS Group AG told Credit Suisse wealth bankers it's weighing financial sweeteners for them to stay as it seeks to reassure key staff following the takeover
Credit Suisse nosedives 64%; UBS falls 15% in early trade but recovers later
Merger expected to be completed by this July
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The November 2022 deal will inject a further SGD 360 million ($267 million) into Air India; this agreement is still subject to regulatory approval
The comments came as Zee's chief executive, Punit Goenka, on Thursday said in a statement that he expected a timely completion of a merger between Zee and Sony
The move will help increase the investment legroom in the merged entity, which could lead to higher passive flows from global index trackers, said analysts
4% spread on offer; analysts bullish on long-term prospect of merged entity
HDFC Bank let go of Rs 40,000 cr loans as pricing didn't match bond mkt rates
The matter had come up in the NCLT court on Thursday, where IndusInd Bank, Axis Finance and IDBI Bank had sought permission to file applications to intervene in the proposed merger
'We would love to have more players entering the market because that is how the business will grow'
The airline, a 51:49 joint venture of the Tatas and Singapore Airlines, has seen infusion of at least Rs 9,900 crore as equity after its birth in 2015
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Air India Express and AirAsia India, which has changed its name to AIX Connect, are exploring synergies in terms of having unified customer touch points ahead of their proposed merger, according to an official. Both the low-cost airlines and full-service carriers -- Air India and Vistara -- are owned by Tata group. On November 2, Air India said an operational review process is underway to integrate budget carrier AirAsia India with Air India Express, and the merger is likely to be completed by the end of 2023. Post-merger, the entity will be branded as Air India Express. AirAsia India has changed its name to AIX Connect Pvt Ltd, according to data available with the corporate affairs ministry. The official said the name of the budget airline has been changed as part of the ongoing merger process. Both airlines are looking at synergies with respect to customer touch points, such as having a common website, social media handles and call centre. Other aspects, including common boardin
Deal likely to close by mid-Jan 2023, will be funded by mix of internal accruals and debt
The bank has already received the approval of the equity shareholders, which includes public shareholders, to the proposed merger scheme