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GSK weighs multi-billion New Year bonanza by cashing out HUL stake
The company is hoping to cash out what will be a near 6 per cent stake in HUL.
MCA's 2019 Review: Steps for ease in business, insolvency resolution
In its year-end review, the Ministry of Corporate Affairs (MCA) on Sunda...
Banks recover ₹6,000 crore in Prayagraj sale
Financial creditors took a 52% haircut on their ₹12,500 cr of loan exposure to the company.
Parliamentary panel flags staff shortage at SFIO, Competition Commission
The SFIO and the CCI are among the institutions under the ministry that are well short of their respective sanctioned strength. In a report tabled in Parliament on Tuesday, the Standing Committee on Finance noted that the ministry's various regulatory entities are critically important for a smooth-functioning economy.
CCI approves stake buy in SBI General Insurance by Napean Opportunities, Honey Wheat
The transaction involves acquisition of 16.01 per cent paid-up share capital of SBI General Insurance by Napean Opportunities and 9.99 per cent by Honey Wheat Investment Ltd, the CCI said in two separate statements.
Future Supply shares rise as CCI approves 22% stake acquisition by Nippon Express
The shares appreciated 5.98 per cent to Rs 529 on the NSE.
Stocks in the news: YES Bank, Bharti Airtel, Dish TV, Tata Motors and IDBI Bank
Concor said L & L Partners has been appointed as legal advisor for divestment of the firm
CCI approves subscription of Piramal Enterprises' compulsory convertible debentures by CDPQ
Piramal Enterprises in a regulatory filing in October said its board has approved raising of Rs 5,400 crore through a rights issue and preferential allotment of compulsory convertible debentures (CCDs).
Nippon Express gets CCI nod to buy 22% stake in Future Supply Chain Solutions
Nippon Express will acquire 22% stake through a combination of primary issuance and secondary purchase from an existing investor.
NCLAT dismisses abuse of dominance charge against BMW India
Competition Commission of India (CCI) has said that as BMW has a negligible share in the passenger car segment in India, hence the question of abuse of dominant position did not arise. The NCLAT, which is an appellate authority over CCI, said it "find no ground to interfere with the well reasoned order impugned in this appeal" and dismissed it.
Work is on to amend IBC to address cross-border insolvency: M S Sahoo
"There is proposal to amend the IBC to provide for such cases like cross border insolvency," the IBBI chief said.
Stocks in the news: Indiabulls Housing, Adani Gas, YES Bank and TV18 Broadcast
Bharti Airtel has submitted conditional bids of around Rs 9,500 crore for RCom's telecom assets.
CCI approves Amazon.com's investment in Future Coupons
The CCI has given nod to Amazon.com's proposal to acquire about 49 per cent share in Future Coupons.
CCI approves 37.4 pc stake-buy, joint control of Adani Gas by Total Group
"Total Group believes in the initiatives taken by the Government of India to increase the reliance on natural gas instead of petroleum-based products," the Competition Commission of India (CCI) noted.
Stocks in the news: YES Bank, BPCL, RCom, L&T, CG Power and Tata Steel
ED has alleged that Bhushan Power & Steel acquired assets worth Rs 27,559 crore during a period.
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