Mergers and acquisitions Current Affairs, GK & News
Doctrine of Necessity Principle
The post of Chairman of the Competition Commission of India has been vacant since the retirement of Mr.Ashok Kumar Gupta in October 2022. Also, currently, there are only 2 members in the CCI. There are many mergers and acquisitions pending before the commission waiting for its approval. To attend to the pending matter, the Commission ..
Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs - 2022 • Legal & Constitution Current Affairs
Topics: CCI • Competition Act • Competition Commission of India • Doctrine of Necessity Principle • Mergers and acquisitions
Competition (Amendment) Bill
The Competition Act aims to promote healthy competition in India. The main intention of the act is to avoid monopoly. Take Facebook for instance. Some economists are of the opinion that Facebook exhibits a monopoly. Meaning, it wants to rule the world of digital messaging. To achieve this, Facebook bought almost every competitor that entered ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs - 2022 • Legal & Constitution Current Affairs
Topics: Bills and Acts • Competition (Amendment) Bill 2022 • Competition Act • Competition Act 2002 • Competition advocacy • Competition Amendment Bill • Competition Commission of India (CCI) • Facebook • Facebook acquisition • Framework • Indian laws • Merger Rules • mergers • Mergers and acquisitions • Monopoly • WhatsApp
RBI rejects Lakshmi Vilas Bank-Indiabulls Housing Finance merger plan
The Reserve Bank of India (RBI) rejected the merger proposal between Lakshmi Vilas Bank and mortgage lender Indiabulls Housing Finance Limited. If the RBI would have approved the move, this would have been the first-ever incident where a non-bank lender would have merged with a bank in the country. Poor Performance of banks: Both Lakshmi ..
Topics: Indian Economy • Mergers and acquisitions • Prompt Corrective Action • RBI
Decline in FDI Inflow
For the first time in the last six years, the foreign direct investment (FDI) in India has declined. The FDI inflow declined by 1 per cent to $44.37 billion in 2018-19. Why there was a decline in FDI Inflow? The decline in the FDI inflow is attributed to: Stressed financial condition of the telecom sector. ..
Category: Economy & Banking Current Affairs - 2022
Topics: FDI • Foreign direct investment • generic medicines • Mergers and acquisitions • NPPA • Pharmacy Sector • Telecom sector
Union cabinet approves merger of Vijaya Bank and Dena Bank with Bank of Baroda (BoB)
On 2nd January 2019, the Union Cabinet approved the merger of Vijaya Bank and Dena Bank with Bank of Baroda (BoB). With the merger, BoB will become the third largest bank after State Bank of India and ICICI Bank. The move will help create a strong globally competitive bank with economies of scale and enable ..
Category: Government Schemes Current Affairs
Topics: Bank • Bank of Baroda • CNX Nifty • Companies • Dena Bank • Economy of India • ICICI Bank • Mergers and acquisitions • Vijaya Bank
Differential Voting Rights (DVR) Shares
A DVR share is like an ordinary equity share, but it provides fewer voting rights to the shareholder. The objective of issuing DVR shares is for prevention of a hostile takeover and dilution of voting rights. It also helps strategic investors who do not want control, but are looking at a reasonably big investment in ..
Topics: Corporate finance • Corporate law • Equity securities • Finance • Financial markets • Issued shares • Mergers and acquisitions • Share capital • Stock dilution • Takeover