Last Updated: Sunday, June 14, 2015, 18:21
With its subsidiary Cairn India facing Rs 20,495-crore tax notice, billionaire Anil Agarwal-led Vedanta Group Sunday said it is "frustrated" by the tax demand raised on it using retrospective legislation.
Last Updated: Sunday, June 14, 2015, 14:38
In its biggest consolidation, billionaire Anil Agarwal's group Sunday announced merger of its cash-rich oil company Cairn India with parent Vedanta to cut debt at the struggling resources arm.
Last Updated: Saturday, June 13, 2015, 16:22
On Friday, India`s oil minister, Dharmendra Pradhan, told Reuters he had met Cairn executives this week to discuss the potential merger and a source familiar with the matter had said the deal could be announced as early as Sunday.
Last Updated: Wednesday, June 10, 2015, 18:44
Separate meetings of the boards of Vedanta and Cairn are being called on June 14 in Mumbai to consider an all share merger, sources privy to the development said.
Last Updated: Wednesday, June 10, 2015, 09:54
General Motors chief executive Mary Barra brushed off talk of a merger with Fiat Chrysler Automobiles Tuesday, suggesting the top US automaker doesn`t need to boost its size via acquisition.
Last Updated: Tuesday, June 9, 2015, 18:21
The merger will help cut Vedanta's Rs 37,636 crore gross debt by using Rs 16,870 crore cash lying with Cairn as well as over Rs 14,000 crore of cash the firm generates every year.
Last Updated: Sunday, May 31, 2015, 14:58
Kotak also said that one of the biggest challenges today was the history of excessive leverage by India Inc.
Last Updated: Wednesday, May 27, 2015, 16:31
The government has said that FIPB's approval will not be required for merger and acquisitions in sectors where FDI is allowed under automatic route, a move aimed at further improving the ease of doing business in the country.
Last Updated: Tuesday, May 19, 2015, 14:55
EoI for undertaking assessment of existing Sebi websites, identifying areas for improvement as per best practices and action plan for implementing such suggestions.
Last Updated: Thursday, May 14, 2015, 08:58
Conglomerate Hutchison Whampoa Ltd, controlled by tycoon Li Ka-shing, confirmed on Thursday it is in talks with Russian telecoms group VimpelCom Ltd about a possible merger of their Italian mobile businesses.
Last Updated: Sunday, May 3, 2015, 18:51
The dip in profit was on account of a penalty imposed by CCI on cartelisation charges.
Last Updated: Sunday, May 3, 2015, 18:12
A shareholder holding 100 shares in ABNL will continue to hold 100 shares in ABNL and in addition will get 520 shares of PFRL.
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