Morning Business News Round Up_ Oct 22, 2018

  • 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

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

Image result for Uber

  • 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

Image result for Holachef

  • 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