E-PaperSubsidiary News
South Indian Bank to set up non-financial subsidiary
The Kerala-based South Indian Bank said it has obtained in-principle approval from the Reserve Bank of India to set up a wholly owned non- financial subsidiary
1 min read10 Aug 2020Reliance gets RBI nod for merger of subsidiaries
Reliance Holding USA Inc. will merge with Reliance Energy Generation and Distribution Ltd, says Reliance Industries in a regulatory filing
1 min read4 Jan 2019Single solution for IL&FS crisis, debt not possible, NCLT told
The only options left is hiving off and selling entire business verticals to willing buyers, and if that fails, going for asset-level resolution, IL&FS board says in its latest status report to NCLT
4 min read4 Dec 2018PNB to sell stake in housing finance arm by fiscal end
PNB is looking for a strategic investor for PNB Housing Finance, said MD Sunil Mehta, adding that merchant bankers for PNB MetLife IPO have been appointed
2 min read7 Aug 2018China pulls approval for Facebook’s planned venture: NYT
The decision to take down the approval came after a disagreement between officials in Zhejiang and the Cyberspace Administration of China
1 min read26 Jul 2018NCLT admits insolvency petition against Uttam Galva Steel subsidiary
The NCLT on Tuesday admitted an insolvency petition filed by State Bank of India against Uttam Value Steel Ltd, a listed subsidiary of Uttam Galva Steels Ltd
1 min read27 Jun 2018SBI launches UK subsidiary with £225 million capital commitment
SBI says the ringfencing and subsidiarisation of the retail franchise SBI UK offers customers 'stability and reassurance' amid continuing uncertainty around Brexit
2 min read10 Apr 2018Monnet Ispat bankruptcy: IFCI moves NCLT to include its Rs158 crore claim
IFCI claims that the resolution professional had not included its claim, which was actually a corporate guarantee given by Monnet Ispat in favour of a subsidiary
1 min read2 Apr 2018Monnet Ispat bankruptcy: ICICI Bank moves NCLT to include claim of $75 mn
ICICI Bank claimed that the IRP had not included its claim, which was actuall a corporate guarantee given by Monnet Ispat in favour of its subsidiary Monnet Power
1 min read28 Mar 2018Foxconn gets China go-ahead for Shanghai IPO of subsidiary
Foxconn has been aiming to list the unit, Foxconn Industrial Internet (FII), on the Shanghai Stock Exchange to help fund projects in smart manufacturing, cloud computing and 5G solutions
1 min read8 Mar 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared