MERGER SCHEME
NCLT approves merger of Jana Holdings with Jana Capital
NCLT approved the amalgamation of Jana Holdings Ltd with Jana Capital Ltd effective November 3, 2026. Both companies belong to the promoter group of Jana Small Finance Bank Limited. The amalgamation aims to eliminate the Non-Operative Financial Holding Company layer while ensuring a seamless transition of assets and liabilities. Jana Holdings was established in January 2017 for regulatory compliance and will be dissolved post-merger.
Things will be known at appropriate time: Sunetra Pawar on NCP merger talks
Maharashtra Deputy CM Sunetra Pawar addressed questions regarding the possible merger of two NCP factions. She stated that further details would be revealed in due time. Several leaders recently met Sharad Pawar, increasing speculation about the merger. The government will celebrate the birth anniversary of Bhagwan Birsa Munda with various programs across the state. Service weeks and health awareness camps are planned, highlighting the importance of the occasion.
8th Pay Commission: Rs 69,000 minimum pay, 40% HRA, 67% pension; 5 key NC-JCM demands and their impact on payouts
The National Council of the Joint Consultative Machinery has submitted essential recommendations to the 8th Pay Commission that could impact central government employees. Key proposals include a significant increase in minimum pay, pension, and annual increments. The council also suggests revising house rent allowance rates and allowing leave encashment for up to 600 days. If implemented, these changes could benefit over one crore employees and pensioners financially.
FICCI makes recommendations to FM ahead of Budget 2027-28, highlights LTCG exemption, TDS relief and faster tax appeals
FICCI has recommended the restoration of long-term capital gains tax exemption on listed shares in Budget 2027-28. The organization highlighted concerns regarding the withdrawal of foreign portfolio investments and the impact of capital gains tax. Additionally, it requested the government to implement lighter TDS rules and resolve backlog issues in tax appeals. FICCI emphasized the need for measures to provide certainty to investors over the long term.
Irdai tightens ESOP norms, share transfer rules for insurers
Irdai has implemented stricter rules regarding employee stock option plans for insurance companies to regulate ownership stakes. Senior executives and directors must seek approval to exceed prescribed shareholding limits under these plans. Insurers are required to monitor direct and indirect share allotments to prevent regulatory breaches.
Devyani-Sapphire merger gets CCI approval, bringing KFC, Pizza Hut India operations under one roof
The Competition Commission of India has granted approval for the merger of Sapphire Foods India Limited with Devyani International Limited, consolidating two prominent quick-service restaurant operators. The merger aims to enhance operational efficiency and strengthen the presence of KFC and Pizza Hut in India, with the combined entity projected to operate over 3,000 stores globally.
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MTAR Technologies gets NCLT nod to merge two wholly owned subsidiaries
MTAR Technologies has received NCLT approval to merge its wholly owned subsidiaries Gee Pee Aerospace and Defence and Magnatar Aero Systems into the parent company. The restructuring aims to simplify the corporate structure, consolidate operations, reduce administrative costs and improve efficiency.
IHCL reports revenue from operations of Rs 2484 cr for Q2, PAT at Rs 380 cr
Indian Hotels Company Limited has announced a revenue of Rs 2484 crore for the second quarter. The company expects to surpass its goal of a 700-hotel portfolio under the Accelerate 2030 initiative. Earnings before interest, taxes, depreciation, and amortization stood at Rs 788 crore, showcasing a strong performance. IHCL plans to open 30 new hotels in the fiscal year's second half, adding to its existing portfolio.
Yusuf Pathan gets gift from Gujarat govt after TMC exit: Disputed Vadodara plot worth Rs 20.53 crore, 500 sqm free & a 45% concession on the rest
Yusuf Pathan disputed property: The Gujarat government has approved a proposal to allot a 978-square-metre Vadodara Municipal Corporation plot to former India cricketer Yusuf Pathan, with 500 square metres to be gifted to him and the remaining land transferred at a 45% concession. The allotment, linked to a dispute dating back to 2012, is subject to approval from the civic body's Standing Committee and general board.
Goodluck India shares surge 17% as merger expands, defence arm to join firm along with green energy unit
Goodluck India shares surged 17% to a 52-week high of Rs 585 after its board approved the proposed merger of Goodluck Defence and Aerospace and Goodluck Green Energy. The restructuring aims to streamline operations, improve market liquidity and strengthen long-term shareholder value, with further details expected later.
Ashok Leyland just had a record June quarter. So why did the margin fall a full point?
Ashok Leyland's June-quarter has an unusual contradiction. The company sold 48,763 commercial vehicles, its highest-ever first-quarter volume, and revenue from operations rose 10.43% to Rs. 9,634 crore. Yet, the operating EBITDA was Rs. 970 crore, almost the same as a year earlier. The Q1 FY 27 result must, therefore, be understood not in terms of greater demand, but in terms of why the record volumes and revenue did not lead to an increase in operating earnings.
Shiva Cement to merge with JSW Cement; board approves 5:41 swap ratio
The board of JSW Cement has approved a scheme of arrangement, including the amalgamation of Shiva Cement with and into JSW Cement, the company said in a late-night filing on Tuesday.
MetLife stake deal deemed approved; Bain and Olin proposals await CCI review
MetLife International will raise its stake in PNB MetLife by 0.5% to 50.23% through a purchase from Jammu & Kashmir Bank, with CCI clearing it under the green channel. CCI is also examining Bain Capital’s investment in Millennia Realtors and the RMZ group.
Dabur’s Sesa Care merger gets NCLT approval
Dabur India has obtained approval from the National Company Law Tribunal for merging with Sesa Care. This merger aims to strengthen Dabur's existing hair care portfolio and explore new growth opportunities. Previously, Dabur acquired a majority stake in Sesa Care, and the board approved the merger scheme.
Stocks in news: Bharat Dynamics, NTPC, Canara Bank and Waaree Energies
Indian equity benchmarks experienced gains on Wednesday, driven by widespread buying in the market. Investors reacted positively to signs of potential de-escalation in West Asia and changing crude oil prices. The Nifty 50 and Sensex indices both increased after assessing recent corporate developments and strategic forecasts. Key stocks including Bharat Dynamics and NTPC are anticipated to remain in focus following significant announcements.
NFO Alert: Tata Mutual Fund announces launch of Titanium Active Asset Allocator Long-Short Fund
Tata Mutual Fund has launched the Titanium Active Asset Allocator Long-Short Fund, a multi-asset strategy under its SIF framework. The market-neutral fund dynamically invests across equities, debt, commodities, and derivatives with a minimum investment threshold of Rs 10 lakh. The NFO closes on October 7.
Explained: 13 reasons why the Nifty could not deliver more in last 5 years
Over a five-year period, thirteen stocks within the Nifty index adversely affected its overall performance, resulting in negative returns for these specific laggards. Conversely, the Nifty 50 index itself witnessed gains. Had these underperforming stocks been excluded, the index's returns would have been significantly enhanced. Active mutual funds, benefiting from reduced exposure to these stocks, ultimately outperformed the Nifty 50, highlighting the advantage for actively managed funds during this timeframe.
Noel Tata proposes splitting Tata Sons as alternative to RBI-mandated listing
Noel Tata suggested restructuring Tata Sons into multiple entities. This proposal offers an alternative to listing the holding company. The Tata Sons board is divided on this restructuring versus listing. Shapoorji Pallonji Group supports a public listing of Tata Sons. Any restructuring faces significant regulatory and commercial complexities.
LVMH signed a secret 2002 pact to buy Hermes heir's shares. Now he says his fortune is missing
Luxury giant LVMH signed a secret 2002 agreement to buy Hermes shares from Nicolas Puech. The company also paid his wealth manager over twenty million dollars in fees. Puech alleges his fortune vanished through schemes involving his late wealth manager. LVMH denies any attempt to acquire Puech's stake against his will.
67% rise in EPS pension for these employees as wage ceiling hike to Rs 25,000 gets cabinet’s approval
The central government has raised the provident fund wage ceiling to Rs 25,000 monthly, which will enhance social security coverage for many organised sector employees. Those earning this amount in basic pay and dearness allowance will now be included in the Employee Provident Fund and Employee Pension Scheme. This adjustment aims to broaden the reach of social security benefits, thus supporting a larger workforce in their retirement planning.
NPS risk labels: Will PFRDA’s new framework help subscribers make better choices
The unwieldy retirement scheme is becoming more organised through risk-based classification, standardised disclosures, uniform naming conventions, and consistent presentation.
8th Pay Commission news: Pensioners' body in Chennai recommends 3.83 fitment factor; but can 8th CPC deliver it?
8th Pay Commission latest news: In a bold move, multiple employee unions are pushing for a minimum pay of Rs 69,000 in the 8th Pay Commission. Their demands include a fitment factor of 3.833, marking a significant hike compared to past commissions. Unions justify these demands through consumption basket assessments for families, while experts warn that the chosen fitment factor could greatly influence income and spending choices.
8th Pay Commission: How basic salary of Level 6 employees may double in 7 years after DA merger?
8th Pay Commission news: Employee and pensioner groups are urging the 8th Pay Commission to merge dearness allowance with basic pay. This merger aims to accelerate salary increases for central government employees. Organisations like NC-JCM and AINPSEF have submitted their recommendations for this significant change. The proposed merger could potentially double basic pay for some employees within seven years. These discussions are ongoing as the commission gathers feedback from various stakeholders.
ET Prime Special Series: Multibagger or IBC - Part 75: Delisting, merger, demerger: Long restructuring story of one auto ancillary
Last week's auto-ancillary story dealt with another major participant in the same broad industry. This week's business is dramatically narrower. It operates from one manufacturing location, derives almost all product sales from one safety-critical category and is 75% promoter-owned. Yet it has survived multiple attempts to change its listed status and corporate structure. Its latest disclosures raise another important question: Where exactly does the listed business end and the wider MNC group's business begin?
8th Pay Commission news: Pensioners' body seeks clarity on pension revision from PM Modi
8th Pay Commission latest news: The Retired Employees Welfare Association is calling on the Prime Minister to revise the terms of the 8th Pay Commission. Its request includes the addition of pension revision clauses for retirees prior to January 1, 2026. It claims that the amendment is critical for alleviating confusion among 69 lakh pensioners, especially since earlier commissions explicitly detailed benefits for pensioners. Furthermore, various employee groups are backing this demand for clearer pension rules.
Devyani International shares rally 4% after revision in Sapphire Foods merger plan
Devyani International witnessed an uptick on Thursday after the company said its merger with Sapphire Foods India remains on track, while a proposed secondary share sale involving Sapphire Foods Mauritius and Arctic International has been called off. The share-swap ratio remains unchanged, but the revised deal alters the expected post-merger promoter holding.
IHCL announces merger with Oriental Hotels
Indian Hotels Company Limited will merge with Oriental Hotels Limited through a Scheme of Arrangement. This merger aims to simplify the group's holding structure and unlock portfolio potential. The transaction involves an all-stock deal with a specific share exchange ratio. Completion of the merger is targeted for the second half of financial year 2028. This strategic move is expected to drive long-term value creation for shareholders.
Zee shareholder moves NCLT seeking implementation of merger with Sony
The NCLT has given Sony Group Corp. three weeks to respond to a plea seeking implementation of the merger scheme between Sony and Zee Entertainment Enterprises. The scheme was terminated by Sony on January 22 due to non-fulfillment of closing conditions by Zee. The NCLT has adjourned the matter to March 12. Sony has demanded a $90 million termination fee from Zee and initiated arbitration against them.
NCLT reserves order on Zee-Sony merger scheme
The Mumbai bench of the National Company Law Tribunal (NCLT) has reserved its order on the merger scheme between Zee Entertainment Enterprises (ZEE) and Culver Max Entertainment (Sony). The division bench of judicial member HV Subba Rao and technical member Madhu Sinha, while reserving the order on the scheme matter, allowed parties to file their written submissions.
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