Morning Business News Round Up_ Nov 30, 2018

  • India govt raises incentives to few exporters: RBI
  • Telecom tower companies face margin erosion
  • Considering possible merger of Indian unit: GSK
  • MRPL signs first term deal with Iraq: Sources
  • GDP data revision: Niti Aayog’s role raises eyebrows
  • Bayer to cut 12,000 jobs after Monsanto takeover
  • ICICI Pru settles MF case with Sebi
  • RBI relaxes NBFCs’ asset securitisation norms as sector faces IL&FS crisis
  • Slow tax reforms to blame for fiscal consolidation drive: Bibek Debroy
  • CBDT allows tax officials to widen scope of certain limited scrutiny cases
  • Net stable funding ratio norms for banks to be operational from April: RBI
  • Jubilant Life Sciences’ subsidiary to acquire Inipharm for around $28.5 mn
  • Unilever, Nestle in pole position for GSK’s Horlicks
  • Govt to move ₹29,000 crore of Air India debt to SPV
  • Adani Group to fully fund Carmichael coal mine
  • Clear ₹3,000 cr dues under TUFS: Texprocil tells Govt
  • ‘Aviation sector needs ₹35,000 cr of equity infusion over four years’
  • US markets fall as investors turn cautious ahead of G20
  • Tata Motors’ JLR to lay off staff temporarily at UK plant
  • Maharashtra puts land purchase for Saudi Aramco refinery on hold
  • NCLAT asks lenders of Jaypee Infratech to summarize their financial claims
  • Lenders may invite fresh bids for Jhabua power plant sale
  • Telecom Watchdog accuses Vodafone Idea, Airtel of anti-consumer practices; companies say new plans as per rules
  • Emerging cities could attract $29 trillion in climate-cash, says World Bank
  • S&P flags credit-boom risks in China amid trade war
  • Arun Jaitley to present interim budget on February 1
  • MCX’s data link to IGIDR under cloud
  • E-com discounts hit offline sales of consumer durables
  • PSU stocks get hammered ahead of disinvestment
  • Tide turns: FPIs now bullish on Indian debt and equity
  • US jury gives TCS clean chit in racism case

Today’s M & A Deals_Nov 30, 2018

M & A Deals:

  • Asia Climate Partners eyes high returns from food logistics firm’s IPO
  • Asian Development Bank to invest in two India-related PE funds
  • Edelweiss fund ups stake in Future Group company
  • Delhi govt-backed incubator tops up investment in ed-tech startup Perspectico
  • Health foods firm Clinical Nutrition secures angel funding
  • SRI Capital backs camera technology startup DreamVu
  • Morgan Stanley PE leads funding round in Jaipur-based lender Kogta
  • Sensex, Nifty record highest close in 2 months
  • Avantha set to sell agro-chemicals unit; Statkraft eyes IL&FS’ green energy assets
  • Qualcomm bets big on AI with $100 mn fund to invest in startups
  • Tech Mahindra opens digital experience centre in partnership with Cisco
  • Camera technology startup DreamVu gets early-stage funding
  • OYO’s employees to get 2,000 more stock options: Report
  • Workplace discussion app Hush secures fresh funding from Accel, others

Morning Business News Round Up_ Nov 29, 2018

  • TCS becomes most valued firm again, overtakes RIL
  • Bhushan Steel is Tata Steel BSL Ltd now
  • Aditya Birla life insurance bets on OMCs in 2019
  • RBI may infuse Rs 1.6 lakh crore via OMOs in Q4: BofAML
  • Tata Motors JLR gets UK funding for low-carbon tech
  • Tata Consultancy acquires BridgePoint Group
  • Mobile users base marginally up at 119.1 cr in Sept
  • Govt cuts GDP growth data during UPA regime, says ‘nothing misleading’
  • IFC investments in India up by 136% to over $2.6 billion in FY 2018
  • ABB ties up with EV Motors for Rs 14-billion E-charging business
  • Govt to ramp up pressure for changes at next RBI board meeting: Sources
  • SBI increases fixed deposit rates by up to 10 bps on select maturities
  • Engineering exports may dip $5 b this fiscal on growing protectionism: EEPC
  • Wipro Lighting partners with Belgium-based firm Schreder
  • India Inc foreign borrowings down 66% in October
  • Back series data trim GDP growth rates for FY05-12
  • Mahindra wins in IPR case filed by Fiat Chrysler in the US
  • Unilever, Nestle in pole position for GSK’s Horlicks
  • New GDP data knocks UPA off growth pedestal
  • Global economy may be slowing more than expected, Christine Lagarde says
  • BSE creates new division for listing of startups
  • Truecaller Pay to go live will Bharat Bill Payments in December
  • Telcos ask Trai to revisit method for spectrum valuation
  • Unilever said to lead race to buy Horlicks for GSK Consumer
  • Coal block auctions: Initial response positive, 69 firms purchase the tender documents priced at Rs 5 lakh
  • ICICI Bank plans to grow retail loan portfolio in FY 2018-19
  • India to export fish meal, fish oil to China: Commerce Ministry
  • IL&FS puts green energy arms on block
  • BoB-Dena-Vijaya to start operations from April 1
  • Goyal agrees to sell controlling stake in Jet Airways
  • Revenue market share gains continue for Jio
  • Vedanta’s Plea To Export excess Crude From Barmer rejected
  • India Inc foreign borrowings down 66% to $1.41b in Oct

Today’s M & A Deals_Nov 29, 2018

M & A Deals :

  • Godrej Fund Management to bump up one of its real estate funds
  • Mount Judi Ventures gets SEBI nod for VC fund, eyes first close
  • Oriental Bank of Commerce plans to sell stake in life insurance JV
  • Yamaha joins vehicle rental platform Drivezy’s Series B funding ride
  • RP-SG Ventures bets on merchandise startup The Souled Store
  • Everstone-backed Crystal Crop Protection buys three brands from Syngenta
  • IT stocks help Sensex finish in the green for third straight session
  • Actis may buy Essel’s solar projects; Nestle, Unilever vie for GSK’s Horlicks
  • Our new angel fund gives us a more distinct identity: Lets Venture’s Shanti Mohan
  • Restaurant reservation platform Dineout buys SaaS startup Torqus
  • BillDesk FY18 net profit grows 8%, revenue climbs nearly 23%

Today’s M & A Deals_Nov 28, 2018

M & A Deals :

  • Exclusive: Haldiram’s Prabhuji hits the road for maiden PE fundraise
  • Insurer in talks to invest in Suryoday Small Finance Bank, IFC offers debt
  • Neev Fund backs Singapore waste management company Blue Planet
  • Bessemer Venture Partners closes new global fund, India remains on radar
  • Sequoia and Accel-backed Bounce buys Ofo India’s assets
  • Ankur Capital, others inject fresh funds into health-tech startup Niramai
  • NTT Data buys majority stake in payments arm of 63 Moons
  • IIFL unit to buy minority stake in stock market analytics platform Trendlyne
  • Sensex closes higher again after late rally
  • Amazon may get option to buy out Biyani in Future deal; BlackBuck eyes fresh funds
  • Health-tech startup Niramai gets fresh capital from VC backers, Binny Bansal
  • AI-based cybersecurity firm CloudSEK gets pre-Series A funding
  • Stock market analytics platform Trendlyne to get IIFL’s backing

Morning Business News Round Up_ Nov 28, 2018

  • Credit growth to real economy healthy, says RBI
  • ArcelorMittal deploys team to oversee Uttam Galva ops
  • Sebi directs MCX to probe data misuse plaint
  • RBI reserves transfer won’t affect rating: McCormak
  • CC approves LIC’s majority stake buy in IDBI Bank
  • Jaypee discuss evaluation criteria for potential bidder
  • Urjit Patel appears before parliamentary panel
  • Equal rights sticking point in YES Bank promoters’ talks to end conflict
  • RBI to buy an additional Rs 400 billion worth of G-secs in December
  • Govt gives approval to sell 100% stake in Air India’s ground handling firm
  • After Ola and Uber, another start-up ready to disrupt India’s car market
  • Jio’s low-cost 4G phone beats rivals Airtel, Voda Idea in non-metro circles
  • Govt allows ethanol extraction for blending from foodgrains, too
  • Crude overshot to the downside, but correction likely soon
  • MCX crude option turnover surges to ₹582 cr in November
  • Sterlite Power unit raises ₹3,000 cr via bond issue
  • Arvind commissions Rs 350-cr garmenting hub near Ahmedabad
  • HSBC upgrades Indian equities to ‘neutral’ from ‘underweight’
  • Amazon is in advance stage talks to buy 9.5% stake in Future Retail
  • Moody’s downgrades Yes Bank ratings, changes outlook to negative
  • Govt moves SC for bank guarantee from RCom before Jio deal
  • Mphasis Rs988 crore share buyback offer to open on 7 Dec
  • Verloop raises $3 million from IDFC Parampara Fund, others
  • RBI checking Yes Bank loan exposure to IL&FS, DHFL, NBFCs
  • COAI asks government to cut SUC, licence fee, USOF contribution
  • Amitabh Kant pitches for ban on usage of fossil fuel-based gensets
  • India recorded highest average real wage growth in South Asia during 2008-17, says ILO report
  • Sebi issues norms for interoperability among clearing corporations
  • Nordic bank, Srei in deal to finance equipment
  • House panel sets three days to take stock of IL&FS issues
  • RINL open to long-term contracts with non-NDMC sources

Morning Business News Round Up_ Nov 27, 2018

  • Centre to infuse Rs 42,000 crore in PSBs by March
  • Q2 GDP growth likely to slow to 7.5-7.6%: Report
  • RBI can transfer Rs 1-tln of excess reserves to govt
  • India set to miss 2018-19 deficit target: Ind-Ra
  • IL&FS claims over dozen responses for 2 arms
  • RINL plans to reduce its iron-ore dependence on NMDC
  • IL&FS Transportation defaults on interest payment
  • Telcos owe Rs 245 bn as spectrum fee in 2019; Voda Idea to pay Rs 122 bn
  • RBI reduces hedging provision for external commercial borrowings to 70%
  • YES Bank’s Kapoor family repays Rs 4 billion to two MFs
  • Sebi issues guidelines to set up alternative investment funds in IFSC
  • India, China amend Double Taxation Avoidance Agreement to prevent evasion
  • NITI Aayog working on ways to help Indian firms become global giants
  • Aussie co to help 2 lakh farmers hone dairy skills
  • Dip in revenues may widen fiscal gap to 3.5% in FY19: Report
  • Banks may stay away from NBFC, HFC bonds under special window
  • Mitsubishi board meets to remove Chairman Ghosn
  • Mirc Electronics to make TVs for Mukesh’s Reliance Retail
  • Large Indian firms must borrow 25% in bonds from as early as 1 April: Sebi
  • Centre moves SC seeking Rs 2,940 crore RCom bank guarantee over spectrum
  • Govt moves to redraft direct tax laws to modernize income tax
  • EU, India in joint bid to fill vacancies at WTO body
  • Sun Pharma to acquire Japan’s Pola Pharma for $1 million
  • Demonstrators demand adequate supply of coal to Odisha industries
  • New power record! Power demand at all-time high in October
  • Essar Steel bid: StanChart moves NCLT against selection of ArcelorMittal
  • Gujarat signs MoUs with IAAI, CMAI to promote textile industry
  • HEG board okays Rs 750 cr share buyback
  • NSE to launch weekly options on dollar-rupee on Dec 3
  • Govt extends duty sops for non-basmati rice export
  • URJIT Patel faces grilling by house panel today
  • NIIT Tech founders may sell 30% holding for a premium
  • Airtel Africa Appoints Eight Global Banks For IPO

Morning Business News Round Up_ Nov 26, 2018

  • DoT eyes reverse auction to meet fiscal needs
  • Arcelor’s takeover of Essar Steel faces a new hurdle
  • ‘Despite a growing economy, many live below poverty’
  • Jio tops chart in terms of AGR in Sept quarter: TRAI
  • Water could be the next big test for private sector
  • RBI’s capital framework panel likely to be formed
  • Cabinet may take up agri export policy this week
  • Need to discuss governance issues with RBI: Economic Affairs Secretary
  • CPSE merger: EY, Deloitte, four other firms bid for advising FinMin
  • EU leaders approve Brexit deal, say UK Parliament has to vote for plan
  • I-T dept sells Cairn shares to recover part of Rs 102-bn retrospective tax
  • Govt scheme to popularise electronic vehicles to get Rs 8.95 billion
  • M&M puts on hold SsangYong’s entry into the U.S car market
  • Essar Steel: CoC approval of ArcelorMittal bid is flawed and illegal, says StanChart
  • 216 railway projects report cost overrun of Rs 2.46 lakh cr
  • FPI inflows seen at ₹6,310 cr in Nov so far
  • Tax on free services: PMO set to wade into ₹40,000 cr spat between banks, revenue dept
  • Finance ministry expects 3-4 banks to be out of PCA this fiscal: Report
  • ESR-Allianz Real Estate JV to invest $1 billion in India
  • Jet Airways will not exit Jet Privilege completely
  • Oil PSUs to allot 65,000 petrol pumps ahead of general elections
  • Indonesia’s PT Bio Farma gets cleanchit in polio vaccine contamination case
  • JSW Steel revamps operations, product mix to align with climate change goals
  • Government plans to complete sale of Air India subsidiary AIATSL by March 2019
  • Default cases: IBC helps recovery of Rs 3 lakh crore in 2 years
  • Sebi refuses to share regulatory inputs
  • PMO may ask DoT to conduct internal audit of BharatNet
  • Crude oil production declines in September
  • Mahindra enters premium SUV space with Alturas G4

Today’s M & A Deals_Nov 24, 2018

M & A Deals:

  • Good potential for PE secondaries in health sector: Asian Healthcare Fund CEO
  • R&D spend weighs down Multiples PE-backed Encube Ethicals in FY18
  • InstaReM leads VC funding this week
  • UK-based angel investors back wealth management app CashRich
  • Lightspeed US leads fresh investment in hyperlocal discovery startup Magicpin
  • PSP, Ferrovial vie for GVK Airport stake; PE firms, JSW eye Asian Colour Coated
  • Video-sharing app Roposo gets fresh capital in down round

Today’s M & A Deals_Nov 23, 2018

M & A Deals :

  • US multi-strategy PE firm in talks to back retail chain Baazar Kolkata
  • Tata Capital targets bigger corpus for second healthcare private equity fund
  • Northern Arc Capital in talks with PE firms, Japanese investor for pre-IPO round
  • InvAscent topping up oversubscribed healthcare PE fund
  • Jordan’s GMS to invest more in Stelis Biopharma as part of $100 mn fundraise
  • Sensex closes in the red amid losses across sectors
  • Payments firm InstaReM marks first close of Series C round at over $20 mn
  • Digital payments startup InstaReM secures first tranche of Series C round
  • Bombay Industries Association teams up with GlobalLinker to foster SME digitisation