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Public Sector Mergers In India: Does Size Bring Synergies?

In June 2017, the $23 billion Vodafone-Idea Cellular merger got the go ahead from the Competition Commission of India. A few days later, the government announced a .....»»

Category: blogSource: valuewalkAug 12th, 2017

PNB, Gitanjali Gems, D B Corp among 17 stocks that hit 52-week low

Six public sector banks include Allahabad Bank, Corporation Bank, Dena Bank, Oriental Bank of Commerce and Union Bank of India touched 52-week lows on the BSE......»»

Category: topSource: business-standardFeb 15th, 2018

Merger of three PSU general insurers likely before next fiscal-end

The merger of the three public sector general insurance companies - National Insurance Company (NIC), United India Insurance and Oriental Insurance Company - is likely to be completed before the next financial year.The chiefs o.....»»

Category: topSource: business-standardFeb 13th, 2018

LIC Housing, Corporation Bank among 29 stocks that hit 52-week low

Shares of five public sector banks such as Allahabad Bank, Bank of Maharashtra, Corporation Bank, Punjab & Sind Bank and United Bank of India too hit 52-week lows on BSE......»»

Category: topSource: business-standardFeb 2nd, 2018

Budget 2018: Govt to merge 3 insurance cos, list entity on stock exchange

The minister also said the government has begun strategic disinvestment in 24 public sector units (PSUs), including national carrier Air India.....»»

Category: topSource: business-standardFeb 1st, 2018

Large public sector banks" shares tank as Rs 880-bn recap plan disappoints

Shares of large public sector banks (PSBs) fell sharply on Thursday after the government's Rs 880-billion capital infusion plan disappointed investors. Shares of State Bank of India (SBI) and Union Bank of India fell five per ce.....»»

Category: topSource: business-standardJan 25th, 2018

M&A Waves Pushing Biotech ETFs Higher

The new tax legislation has enticed U.S. companies to bring offshore cash back home, sparking waves of mergers and acquisitions. The biotech corner of the broad healthcare sector is in the spotlight to start the New Year, as the new tax legi.....»»

Category: smallbizSource: nytJan 18th, 2018

Plea against sale of CPSE units

The State-level convention of All India Public Sector & Central Govt Officers Confederation (AIPCOC) has urged the Centre to drop its move to sell off CPSE units operating in Kerala. It said ........»»

Category: topSource: thehindubusinesslineJan 17th, 2018

Centre urged to scrap move to sell Kerala PSUs

The state-level convention of All India Public Sector & Central Govt Officers' Confederation (AIPCOC) has demanded that the Centre withdraw from its move to sell out the PSUs operating in Kerala......»»

Category: topSource: thehindubusinesslineJan 17th, 2018

SBI to Sun Pharma: Top 10 stock picks by mutual funds in December

Interestingly, after several years, two public sector banks (other than the mammoth State Bank of India) emerged as most chased stocks by fund managers.....»»

Category: topSource: business-standardJan 16th, 2018

Bank of India Board to meet next week to consider fundraising

Public sector lender Bank of India on Thursday said its Board will meet on January 20 to consider raising funds. The bank also said it has received capital infusion of ₹2,257 crore from the governm........»»

Category: topSource: thehindubusinesslineJan 11th, 2018

ATM transactions may get costlier as operators seek hike in inter-bank fees

The representation is being led by National Payments Corp of India after meetings were conducted separately for private and public sector lenders.....»»

Category: topSource: business-standardJan 1st, 2018

Bond market likely to remain stable, growth to be slow: India Ratings

In October this year, the government had announced an infusion of Rs 2.11 lakh crore capital into the public sector banks over a period of two years.....»»

Category: topSource: business-standardDec 25th, 2017

Bitcoin bubble would burst if more people pump in money: Mark Mobius

Mobius said that the government's public sector banks recapitalisation plan would help India attract more capital from domestic as well as international investors.....»»

Category: topSource: business-standardDec 8th, 2017

Stir against DCI privatisation hots up : employee ends life

The agitation of the employees of the public sector Dredging Corporation of India (DCI) here against the proposed 100 per cent strategic sale of equity has intensified, after an employee of the corpo........»»

Category: topSource: thehindubusinesslineDec 5th, 2017

Political economics

The role of public sector in India continues to be viewed with derisive criticism.....»»

Category: topSource: business-standardDec 4th, 2017

Over 60,000 petrol pumps in India, 45% jump in 6 years

India has recorded 45 per cent jump in the number of petrol pumps in the last six years, possibly the highest growth rate in the world, as public and private sector firms jostled to capture retailing sites. With 60,799 .....»»

Category: topSource: business-standardNov 29th, 2017

LIC may get Irdai breather on 15% investment cap in public sector banks

Insurance sector regulator is open to allow Life Insurance Corporation of India (LIC) to increase its stake beyond the 15 per cent ceiling in public sector banks (PSBs). The move is to give a boost to the government's recapitaliz.....»»

Category: topSource: business-standardNov 23rd, 2017

India to soft-pedal on services at WTO meet

India will demand for an agreed solution on the issue of public stockholding of grain for food security, besides domestic subsidies to the agri sector.....»»

Category: topSource: business-standardNov 19th, 2017

Structural reforms could change the glide path: Arun Jaitley

One or two public sector bank mergers in the next 12 months.....»»

Category: topSource: business-standardNov 16th, 2017

National Insurance to take cue from other public sector insurance IPOs

With two of the biggest initial public offering (IPO) of public sector general insurance firms-The New India Assurance and General Insurance Corporation of India-getting tepid response from retail investors, National Insurance, w.....»»

Category: topSource: business-standardNov 16th, 2017