SoftBank's telecom arm plans to fold Line Pay into PayPay, its Yahoo Japan unit and India’s Paytm in April 2022 after securing relevant regulatory approvals.

Amazon, which gained a foothold in FRL through a 2019 deal with its gift coupons unit, has taken the legal route in a bid to block the sale of the company's retail assets to RIL.

Fino Payments Bank was launched in 2017 and will complete five years of business by June 30. As of December 31, Fino Paytech held a 75% equity stake in Fino Payments Bank, while public shareholders held the rest.

The impact of the COVID-19 on the film screening business and competition from streaming platforms were the key reasons for the merger between PVR and INOX, said top executives from both companies.

The company’s management expects earnings to improve by 5-10 percent as a result of the consolidation

This is not the first time that there has been talk of consolidation in the NBFC sector. Lower-rated NBFCs have struggled accessing liquidity at cheaper rates since 2018 when the beleaguered IL&FS defaulted on debt repayments raising questions on their survival.

On completion of the deal, HDFC will acquire a 41 percent stake in HDFC Bank and all subsidiaries of the housing financier will be owned by the lender

If L&T is looking upon IT as a major driver of its business, a likely merger of group companies merely moves the needle incrementally