- MFs’ exposure to banks plunges even lower
- JNPT mulls acquisition of 3 ports in Maharashtra; aims at doubling
- NTPC to use biomass to co-fire coal-based power plants, cut emissions
- Harder for Iran oil importers to get waivers: Mnuchin
- India sells over $15 bn US govt bonds amid rising rates
- Panel to suggest UN model for cross-border insolvency
- Piramal Enterprises refutes rumour of realty firms’ default to lending arms
- Rs 350 bn plan to electrify all railway lines across India: Railway Board
- Lupin to develop Brazil as Latin American manufacturing, export hub
- JSW Steel emerges as preferred bidder for iron ore mine in Karnataka
- Finance Ministry extends deadline for filing Sep GST returns to Oct 25
- ICF expects cotton quality to be much better in 2018-19 season
- Anti-dumping duty levied on ‘flax yarn’ imports from China
- Air India calls off plan to sell Mumbai tower to JNPT
- Bhushan Power deal: JSW Steel scouts for PE funding
- India to establish a technology demo centre in Tanzania
- RIL to replicate Reliance Jio model for Jio GigaFiber
- Govt, board eye asset sales to turn IL&FS around in six months
- NBFC liquidity crisis set to worsen real estate sector woes
- UltraTech’s dismal Q2 results darken outlook on cement sector
- Japan’s biggest bank CEO joins exodus from Saudi business forum
- Ex-Deutsche trader charged by UK in Euribor manipulation case
- Most firms claim to be well-equipped to deal with rising cyberattacks: Survey
- Strides Pharma Science receives USFDA approval for Gabapentin Capsules
- FPIs pull out over Rs 32k cr in three weeks
- OMCs raking in profit as refining margins rise
- Centre notifies special courts for benami transaction cases
Month: October 2018
Morning Business News Round Up_ Oct 19, 2018
Morning Business News :
- Consumer confidence drops sharply in Sept: Survey
- Railways to produce metro coaches under Make In India
- Massive tax scam cost Europe 55 bn euros: Report
- Antigua ‘examining’ Choksi’s extradition request: MEA
- GST input tax credit: Govt affirms Oct 20 deadline
- IBC: Only registered valuers can do valuation from Feb
- Govt to come out with gold policy to boost jewellery sector, create jobs
- India-US talks over S-400 deal, Iran oil continue amid sanctions, CAATSA
- MFs pump Rs 110 bn in equities in a fortnight, FPIs stance remains bearish
- Novartis to acquire US-based cancer drugmaker Endocyte for $2.1 billion
- ED issues show cause notice to NDTV in Rs 40-billion FEMA violations case
- India engaged with all stakeholders on Iranian oil import issue: MEA
- SACE guarantees $500 mn of credit lines to RIL
- Tatas mull acquiring stake in Jet Airways
- E-car sales plunge 40% in FY18
- IRB Infra ties up Rs 981 cr from lenders for Vadodara-Mumbai Expressway section
- NTPC to raise $150 mn in foreign currency loan
- TCS displaces Accenture as largest IT firm servicing banks
- India could be removed from US currency monitoring list
- Ø ArcelorMittal to clear $1 billion dues to bid for Essar Steel
- Reliance says 2018-19 profit may rise 18% on capacity addition
- JSW may not pursue Essar Steel if it wins Bhushan Power
- Air India gets ₹1,000 crore from National Small Savings Fund
- SEBI asks Malvinder Singh, Shivinder Singh, 8 other entities to pay Rs 403 cr back to Fortis
- Major blow to Indian IT firms in US: Donald Trump’s planned H-1B visa rule changes to hurt Indians
- Jet Airways denies stake sale talks with Tata; says news speculative
- No plans to scale down steel production target, says Union Minister Birender Singh
- Hard for China to have trade deal with US: Donald Trump
- I-T Dept suspects massive tax evasion via derivative trading
- RBI gives 3 years to Bakhshi as ICICI chief against 5 sought
- Cost pressures weigh on Q2 revenues
- Grub infestation may be the fix to sugar problem
Today’s M & A Deals_Oct 19, 2018
M & A Deal :
- Naspers to lead new $900-mn funding round in food delivery app Swiggy
- Accel Partners leads $13.5 mn funding round in Universal Sportsbiz
- Biotech startup Mynvax raises angel funding from former Nokia exec, others
- How PE/VC firms and potential targets should go about bridging the valuation gap
- Ayushman Bharat: Private firms may get to offer services at govt hospitals
- BigBasket buys RainCan to boost micro-delivery business
- SEBI asks Fortis Healthcare to recover $55 mn from founders, eight firms
Morning Business News Round Up_ Oct 17, 2018
Morning Business News :
- Pradhan says govt does not interfere in fuel pricing
- Amazon in talks with Biyani’s Future to buy stake
- Uber valued at up to $120 billion in IPO proposal
- Hero Moto Q2 profit drops 3% to Rs 976 crore
- Walmart says USD 16-bn Flipkart deal to hit earnings
- Ajay Piramal eyes $1 bn in pharma arm sale
- India to benefit from US-China tussle: EPCH
- Infosys beats estimates, Q2 net profit rises 10.3% to Rs 41 bn
- RIL eyes large stake in Hathway Cable, Den Networks to boost broadband play
- India may get waiver from US sanctions on Iran oil exports this month: MRPL
- CVC share report on top 100 bank frauds with RBI, ED & CBI
- Investment in India via P-notes hits 9 year low of Rs 795.48 bn in Sept
- India will add 8.5-GW renewable energy in FY19, says ICRA
- Agri focus, rising mechanisation will boost tractor market’
- NCLT reserves order on liquidation of Unity Infra
- GVK to amalgamate GVKADL with BAIDL
- Govt hikes GPF interest rate to 8% for Oct-Dec quarter
- Greece invites Indian companies to explore biz opportunities
- Edelweiss-backed fund buys Essel Infra’s power assets for ₹6,000 cr
- Ola’s Foodpanda buys Holachef, looks to enter cloud kitchens
- Climate change is threatening world’s beer supply
- IndusInd Bank’s Q2 results show a peek into the IL&FS booby trap
- Volvo warns some vehicle engines may exceed emission limits
- Prime Venture leads ₹65 crore funding round in myGate
- NIIF to invest Rs 660 cr in HDFC Capital realty platform to fund housing projects
- India’s steel demand expected to move back to higher growth track, says worldsteel
- Insurer Anthem will pay record $16 mllion for massive data breach
- Nokia, BSNL announce partnership to introduce 5G in India
- Infrastructure spending in rural areas on a steady path
- ArcelorMittal offers Rs 4,554 cr to settle Galva, Petron dues against Rs 7K cr put in escrow
- RBI guidelines on mobile wallet payments out
- Tata Steel to match JSW bid for Bhushan Power
Today’s M & A Deals_Oct 16, 2018
M & A Deals :
- Chip-design testing startup Singularity Dynamics gets VC funding
- India Alternatives, IIFL pre-IPO fund back financial services company
- Saudi Arabia’s ICD shelves $1 bn fund with IL&FS PE
- Angel investors pump $700k in steel marketplace Virtual Metalstreet
- Emami Cement files draft papers for $136 mn IPO
- Dr Reddy’s Labs to sell bulk-drugs plant to BR Shetty-led Neopharma’s JV
- India’s trade deficit hits lowest level in five months
- IIFL buys majority stake in mortgage lender; KKR mulls buying IL&FS road projects
- As Mercer buys Mettl, here’s why everyone comes out looking like a winner
- Security management app myGate gets Series A cheque
- Food-tech startup Spoonshot buys restaurant analytics firm Brisky
Today’s M & A Deals_Oct 13, 2018
M & A Deals :
- CCube Angels Network picks up stake in manufacturing company via PIPE deal
- OLX co-founder’s VC firm invests in GoZefo
- India’s retail inflation rises to 3.77% in Sept; industrial output up 4.3% in July
- Logistics startups BlackBuck, LetsTransport lead VC funding this week
- GIC-backed Bandhan Bank gets regulatory relief on promoter stake
- Paytm eyes UCWeb’s India biz; Cube Highways mulls buying some IL&FS road projects
- OnMobile buys Swedish firm Appland to grow gaming biz
Today’s M & A Deals_Oct 12, 2018
M & A Deals :
- Worst over for VC dealmaking in India but investors backing fewer startups
- HealthXCapital hits first close of maiden VC fund
- Dealmaking platform LetsVenture launches open-ended angel fund
- CDPQ partners firm co-founded by Al Gore to make long-term bets on sustainable biz
- Rupee drops to new low near 74.50 per dollar
- IIM-A incubator, OmniActive’s Mariwala invest in agri-tech startup Sattvaponics
- Sensex, Nifty plunge more than 2% amid global meltdown
- Multi-family office leads funding round in co-working firm Innov8
- MobiKwik acquires online wealth management platform Clearfunds
- Zydus Cadila eyes Kraft’s India consumer biz; Sachin Bansal may back Ola
Today’s M & A Deals_Oct 11, 2018
M & A Deals :
- Impact investor Creation buys majority stake in Indian fintech startup
- Kalaari Capital invests more in used cars marketplace Truebil
- ThomasLloyd buys into solar power producer SolarArise in first India deal
- Sensex closes over 1% higher as NBFC stocks stage recovery
- PNB, Carlyle shelve plan to sell stake in PNB Housing Fin; Nykaa may raise funds
- Xander to invest $350 mn to acquire Hyderabad office buildings
- AI-based matchmaking startup Betterhalf gets seed money
Today’s M & A Deals_Oct 10, 2018
M & A Deals :
- Car Dekho parent Girnar Software’s FY18 revenue jumps 40%, loss nearly halves.
- Metropolitan Stock Exchange ties up with Canadian firms to float $100 mn fund.
- Sensex, Nifty mark lowest close in six months; Tata Motors falls 13%.
- Chronic therapies to drive PE investments in pharma: IQVIA report.
- Ayushman Bharat to transform healthcare investments, say panellists.
- Diagnostics sector still attractive to PEs: Thyrocare’s Velumani.
Today’s M & A Deals_Oct 09, 2018
M & A Deals :
- Swiss firm inks secondaries deal as Asian Healthcare recapitalises debut PE fund
- PE investors to hit benchmark returns in partial exit from GMR Airports
- Sun Capital’s joint MD quits, sets up own advisory firm
- PE-backed ASK Investment, Muthoot Microfin and 2 other firms get SEBI nod for IPOs
- Sensex closes in the green after volatile trading session
- BNP Paribas plans to pare stake in SBI Life to meet regulatory requirements
- ASM Technologies invests in Ideaspring-backed Lavelle Networks
- NBFC stocks slide amid RBI plans to strengthen sector norms
- PE-backed Aavas Financiers makes weak stock market debut
- Mercer buys Blume and Kalaari-backed online skills assessment firm Mettl
- Enterprise networking startup Lavelle gets fresh funding