- RBI to inject Rs 12,000 cr liquidity in system on Thu
- Government to sell 3% stake in Coal India
- PNB scam: Choksi opposes ED’s fugitive offender plea
- GE cuts dividend, splits loss-making power unit
- Tata Motors starts production of upcoming SUV Harrier
- Cognizant records $28 million loss in India bribe talks with US DOJ, SEC
- UK may suffer long recession after no-deal Brexit: S&P
- Sebi not in favour of NSE-MCX merger due to co-location controversy
- Sebi cautions investors against dealing with foreign trading portals
- Tech Mahindra Q2 : Profit at 27% YoY beats street estimates
- Centre approves construction of 215,000 houses in 6 states under PMAY (U)
- Sebi exempts govt from making an open offer in PNB capital infusion
- Dr Reddy’s facility fails to clear the inspections by USFDA yet again
- FinMin looks to bury the hatchet with RBI
- Paper demand to touch 20.8 million tonne in FY21
- Italy, India to set up fast track mechanism to promote investments
- Govt kickstarts process for further M&As in energy sector
- Fortis case: Court bars 7 cos owing Singhs ₹639 cr from selling assets
- Emami Q2 profit falls amid flat revenues
- RBI looked the other way when banks lent excessively: Jaitley
- Jet Airways brings Goldman, BCG on board in revival efforts
- FSDC discusses NBFC liquidity issues, RBI promises adequate fund flow in system
- Shapoorji Pallonji, Royal Vopak to set up LPG terminal in Gujarat
- BPCL to shut crude unit, secondary capacity at Kochi refinery in Dec
- Centre, states apportion Rs 32,000 crore IGST in October
- Six Tata Trusts withdraw pleas against Income Tax department notices
- ICAI fast-tracks pending cases for enquiry
- SBI halves ATM withdrawal limit to Rs 20k for some card holders
- Govt eyes consolidation route to reach divestment goal
- Spat shows central bank’s independence: Morgan Stanley
Month: October 2018
Today’s M & A Deals_Oct 31, 2018
M & A Deals :
- TPG Growth’s Asia healthcare platform seals buyout in India
- Goldman Sachs PE unit plans to buy cattle feed firms in India
- Columbia Asia Hospitals sells Ahmedabad unit to Zydus Hospitals
- Japan’s Incubate Fund, others invest in e-sports startup GamingMonk
- Govt considers outright sale of IL&FS to resolve crisis: Report
- Government to sell up to 9% stake in Coal India
- Will the $34-bn Red Hat buyout boost IBM’s cloud business?
- Faasos’ cloud kitchen pivot starts to pay off as revenues rise 67% in FY18
- E-sports startup GamingMonk gets fresh funding
- CII ties up with WhatsApp Business app to train SMEs in customer outreach
Today’s M & A Deals_Oct 26, 2018
M & A Deals :
- KKR Q3 earnings jump on gains from asset sales
- True North-backed Home First Finance rides housing finance wave
- IAN Fund invests in waterless personal hygiene startup Clensta
- US-based marketing automation firm Bluecore buys retail tech startup Betaout
- Twitter Q3 earnings top estimates as ad sales surge
- Seed funding drops 21% in 2018; deep-tech startups booming: NASSCOM report
- Meet the 11 fintech startups picked for the first batch of Financial Inclusion Lab
- Paytm Payments Bank appoints former NPCI exec as MD & CEO
- Microsoft Q1 sales, profit exceed forecasts on cloud computing growth
- Sensex ends over 1% lower amid global selloff
Morning Business News Round Up_ Oct 26, 2018
- Fiscal deficit widens in H1 of FY19
- Maruti Suzuki Q2 profit falls 10% YoY to Rs 2,240 cr
- Airtel profit slumps 65% YoY to Rs 119 crore
- Essar board offers to pay Rs 54,389 cr dues
- Bhushan Power auction compromised: Tata Steel
- Odisha clears Hindalco’s Rs 5000 cr investment proposal
- YES Bank Q2 profit drops 4% YoY to Rs 965 cr
- RBI plan to move from wholesale cash cycle to a retail-based model
- India’s sugar output may decline marginally this yr due to cane crop damage
- Oil steadies near two-month low as US stockpiles climb, equity rout eases
- Biocon Q2 net profit surges five-fold on exceptional income
- Sebi issues norms to levy Rs 100,000 on agri-commodity derivatives turnover
- North-East monsoon pattern evolves, but no rains just yet
- Basmati paddy price surges 25% on expectation of output decline
- TVS Motor rolls out special edition of TVS Sport
- Rising demand propels JSW Steel Q2 profit to ₹2,087 crore
- Demand for our loans grew as other NBFCs stopped lending: Ajay Piramal
- Spot rubber skids on buyer resistance
- Airtel Africa raises $1.25 billion from SoftBank, 5 others before IPO
- IDFC Bank to be renamed as IDFC First Bank
- Tata Motors’ JLR opens $1.6 billion manufacturing plant in Slovakia
- JSW Steel Q2 profit more than doubles on higher output
- Challenges persist for Wipro despite healthy Q2 results
- GST anti profiteering clause puts FMCG firms in a fix
- Startups in India see 108% growth in funding, receive $4.2 billion in 2018, says NASSCOM
- BHEL share buyback for Rs 1,628 crore: Record date announced; key things about mega PSU stock repurchase
- NBCC bags Rs 902-cr contract to build AIIMS in Deogarh, Jharkhand
- ILFS inducts CS Rajan into board of IECCL as additional director
- Large pharma firms to report double-digit growth this fiscal: Crisil
- Birla Group plans $5b capex over next three years
- Sebi sees opportunity for bond market in NPA crisis
- 63 Moons gets interim relief from high court
Today’s M & A Deals_Oct 25, 2018
M & A Deals :
- Sula Vineyards gets new investor on board; Verlinvest ups stake
- Warburg Pincus, Soft Bank, others to invest $1.25 bn in Airtel Africa
- Zydus Wellness gets PE backing to acquire Kraft’s India biz for $626 mn
- Sequoia-backed Health Kart to get new investor in $10-mn capital raise
- ITI Mutual Fund hires ICICI Prudential exec as CEO
- Kalaari’s Sumit Jain joins Sistema Asia Fund as senior partner
- Cyrus Mistry to make venture investments, hires BCG senior partner
- Motilal Oswal Private Equity makes final close of third fund
Morning Business News Round Up_ Oct 25, 2018
- RBI may look at relaxing PCA framework
- India plans trade deal to boost exports to China
- NCLT directs to move Videocon pleas to one court
- Vistara gets Rs 2,000 cr from Tata Sons, SAL
- Tata Trusts denies Ratan Tata’s meeting with UK PM
- Benami cases: Cabinet okays Adjudicating Authority
- Airtel’s Africa arm gets $1.25 bn from 6 investors, IPO to follow
- No anti-dumping duty on chemicals imported from China, Germany, Saudi: Govt
- Cabinet approves BRICS MoU for joint cooperation in social, labour sphere
- Govt okays Rs 75-bn fund to help boost fish production, jobs in fisheries
- IDFC Bank in red for 1st time since market debut, posts Rs 3.7-bn net loss
- Sebi proposes measures to strengthen framework for debenture trustees
- Bajaj Auto Q2 net rises 5% on robust sales
- Co-location exits drag Bharti Infratel net down to ₹600 cr
- No more BS IV vehicle sales from April 2020, says SC
- Heinz acquisition bodes well for Zydus Wellness
- UAE-based BRS Ventures to invest in Indian healthcare
- VC funding for digital health cos rises 46% to $8 b in 9 months
- Wipro Q2 profit drops nearly 14% to ₹ 1,889 crore
- Manipal eyes Medanta after failed Fortis Healthcare bid
- Jubilant FoodWorks Q2 profit rises 60% to Rs77.7 crore
- BoB, Vijaya Bank, Dena set up committees on loans, HR and IT
- RIL takes Reliance Jio route for Jio Payments Bank launch
- Supreme Court tells RCom to pay Ericsson dues by 15 December
- India has most outward migrants in 2017, says ADB report
- Cyrus Mistry floats startup investment fund on second anniversary of his ouster from Tata Sons
- L&T Infotech Q2 net profit surges over 46% to Rs 400 crore
- India’s economic growth not inclusive enough, inequality rises
- Business confidence rises marginally in Oct-Dec
- 63 Moons gets interim relief from high court
- Manappuram NCDs offer up to 10.40% interest
- Modi calls for ‘tax-plus one’ system of honest tax payment
- PMO asks Sebi to tighten vigil on bond market
Today’s M & A Deals_Oct 24, 2018
M & A Deals :
- Samara-owned Oaknet buys some brands of GSK India
- Indian PIPE, hedge funds invested like never before in April-June quarter
- Hong Kong-based Composite Capital leads $54 mn round into ClearTax
- Venture debt provider Intelle Grow appoints Axis Bank veteran as CEO
- Venture debt firm Trifecta invests in bus aggregator app Shuttl
- Sensex slips to lowest close in more than six months
- Tokyo’s Kakaku.com leads funding round in restaurant management platform Tab Square
- Five PE firms eye stake in Lakshmi Vilas Bank; Hero Future in talks to raise funds
- Tax e-filing portal ClearTax bags $54 mn in fresh funding round
- Ed-tech startup GuruQ gets pre-Series A funding
Morning Business News Round Up_ Oct 24, 2018
- Trump threatens to impose tariffs on countries
- Government plans to tighten rules for auditors
- Banks’ troubles run deeper than only the NPA
- HCL Tech Q2 profit rises 16% to Rs 2,540 crore
- Govt looks to relax norms for setting up petrol pumps
- CAG Mehrishi questions RBI’s accountability over NPA
- Saudi to provide $3-bn aid to cash-strapped Pak
- Sebi mulls standardisation for PMS schemes by setting up industry body
- Pharma sector to post moderate 7-9% CAGR due to healthy demand
- India signs $5 bn-worth of pacts to give impetus to iron and steel industry
- IBBI notifies mechanism for issuing regulations under insolvency law
- ED files fresh charge sheet in Rs 50-billion Sterling Biotech scam
- BPCL’s Kochi Refinery starts to get crude from its subsidiary
- NSE gets SEBI nod to launch copper large futures contract
- IRB InvIT distributes ₹3/unit; net drops 45% in Q2 to ₹37.4 cr
- Slack demand drags coconut oil prices down by 15%
- Bayer CropScience Q2 profit falls to ₹142 crore
- Bajaj Corp Q2 profit up 1.85% at Rs 51.6 cr
- NBFCs face big test as Rs 1.2 lakh crore repayment comes due
- RBI lifts ban on Fino Payments Bank to open new accounts
- Ford posts a profit in India, 20 years after driving in
- BoB, Vijaya Bank, Dena bosses to meet on Wednesday over merger
- Tata Steel objects to JSW Steel’s ‘final’ bid for Bhushan Power
- India’s economic growth not inclusive enough, inequality rises
- Cipla’s arm completes acquisition of South Africa’s Mirren
- IndiGo, SpiceJet, Jet Airways face credit rating revisions as costs spiral
- RBI Board meet: Finmin may raise need to relax PCA framework
- REC eyes $5b via mid-term notes on GSM
- India’s internet services can grow to $124 b by 2022: Study
- 38 MoUs signed to save nearly Rs 40K cr capital goods import
- FinMin proposes slew of measures to improve liquidity
Today’s M & A Deals_Oct 23, 2018
Morning Business News Round Up_ Oct 23, 2018
- Net direct tax collection grows 15.7% to Rs 4.89-lakh cr
- Indian banks’ profitability weaker than BRICS: Moody’s
- Syndicate Bank gets Rs 728-cr capital infusion
- IL&FS revival plan may include stake sales
- Cabinet to take up second sugar relief package
- KKR files bankruptcy plea against dairy firm Kwality
- Lakshmi Vilas Bank shortlists 5 investors to sell stake
- Oil import bill for FY19 seen rising 42%; falling rupee cause for concern
- MFIN proposes common code of conduct for banks and NBFCs in microlending
- SBI plans to raise up to Rs 250 bn in FY19 to meet capital adequacy
- Nasscom signs deal with Hiroshima govt for building Japan-India IT corridor
- PNB Housing raises Rs 17.75 bn in commercial paper from MFs, banks
- NCLT approves 45 resolution plans, orders 19 liquidations in 2 years of IBC
- Indian steel cos to forge pacts with global firms to expand
- SpiceJet receives credit ratings downgrade as industry struggles
- PDPS for oilseeds farmers to compensate up to 25% of MSP
- Canara Bank seeks bids to replace Gammon at the Mumbai port
- NYSE-listed Azure Power raises $185 m
- Bhushan Power: NCLAT puts off case to Nov 1
- Fiat agrees to sell Magneti Marelli to KKR’s Calsonic Kansei
- Govt review coastal shipping rule relaxation: Nitin Gadkari
- Reliance to decide site for India’s first pod taxi prototype
- Morgan Stanley prefers large banks, downgrades Yes Bank, RBL
- ArcelorMittal entry set to heat up India’s steel industry
- Jubilant Life Q2 profit rises 67% to ₹210 crore
- Tata Sons writes off entire Rs 28,651 crore investment in Tata Teleservices
- India has second highest insurance gap in the world of $27 billion: Report
- Number of crorepatis has risen by 60 per cent in India, says CBDT
- RBI likely to keep rates on hold in rest of FY2019
- REC eyes $5b via mid-term notes on GSM
- Sebi sets limits on MF commission, expenses
- Govt expects record exports in FY19
- Govt frees spectrum for 5G services, wifi from licence norms
- FinMin, RBI lock horns over payment system regulator