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.
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.
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.
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