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Indiabulls Housing Finance-Lakshmi Vilas Bank merger gets CCI nod

Friday, June 21, 2019, 2:41 PM

Indiabulls Housing Finance Friday said the Competition Commission of India (CCI) has approved the proposed merger of the company with Lakshmi Vilas Bank. In April this year, Lakshmi Vilas Bank had announced its merger with Indiabulls Housing Finance in a share-swap deal with an intent to create a combined entity with larger capital base and wider geographical reach.
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No Job Losses Due To Merger Of State-Owned Banks: Arun Jaitley

Friday, January 4, 2019, 3:19 PM

Finance Minister Arun Jaitley on Friday said in Lok Sabha that there would be no loss of jobs due to merger of public sector banks. The cost of lending could also become cheaper, he added. During the Question Hour, the minister said that out of the 21 public sector banks, 11 are under PCA (Prompt Corrective Action) framework.
 
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Unilever to swallow GSK's Indian Horlicks business

Monday, December 3, 2018, 8:30 PM

Unilever (ULVR.L) is to buy GlaxoSmithKline's (GSK.L) Horlicks nutrition business for $3.8 billion, boosting the Anglo-Dutch group's position in India by adding the popular malted drink. The deal, announced on Monday, increases the consumer goods giant's reach in one of the world's fastest-growing economies and marks a notable addition to the portfolio by outgoing Chief Executive Paul Polman, who steps down in January.

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