Today’s M & A Deals_Nov 24,2015

M & A Deals :

  • Rentomojo gets $2M in pre-Series A funding from Accel, IDG
  • Beauty and wellness marketplace Stylofie gets $250K in seed funding
  • Healthcare startup Medikoe raises $100K from CMS Computers’ CEO
  • Healers At Home gets angel funding from Fortis president, others
  • Pfizer to acquire Allergan for about $160B

  • Portea Medical buys Medybiz Pharma in cash and stock
  • Rabo PE exits Sri Biotech as Italy’s Valagro buys majority stake
  • SeQuent Scientific arm to buy Turkey’s Topkim for $7.2M
  • Bupa to raise stake in JV with Max India to 49% for $29M
  • Music concert organiser ENTex gets angel funding

Today’s Wealth mantra !

“Financial peace isn’t the acquisition of stuff. It’s learning to live on less than you make, so you can give money back and have money to invest. You can’t win until you do this.”

– Dave Ramsey



Today’s M & A Deals_Oct 31,2015

M & A Deals :

  • Moglix gets pre-Series A funding from Accel Partners, Jungle Ventures
  • Ride sharing app LiftO raises $130K in angel funding
  • Fairfax to hike stake in ICICI Lombard for $237M
  • Document management startup Kleeto gets pre-Series A funding
  • Baring PE India sheds bulk of its holding in Indoco Remedies
  • Pfizer in merger talks with Botox maker Allergan

  • After layoffs, TinyOwl gets $7.5M more from Sequoia & Matrix
  • HCL Technologies buys US CRM services firm PowerObjects for $46M
  • Document management startup Kleeto gets pre-Series A funding
  • Online test prep startup Toppr raises $2M from InnoVen



Morning Business News Round up_October 30, 2015

Morning Business News :

  • Govt To Announce New Civil Aviation Policy Today
  • FATCA Fact: New US Tax Law Is Shaking Up Indian Trusts
  • US Economy Slows To 1.5% Growth In Q3
  • RBI Opens National Pension System For Nris
  • India Will Offer Concessional Credit Of $10 Bn To Africa: PM
  • Volkswagen Meets Indian Government On Emissions
  • Sebi Cuts IPO Paperwork; Notifies 5-Sheet DRHP
  • Dr Reddy’s Q2 Net Up 26% At Rs 722 Cr
  • Govt Clarifies Tax Treatment Of Offshore Rupee-Denominated Bonds
  • Telecom Regulator Sticks To Compensation Order On Call Drops
  • Cipla Sells Stake In Chinese Biotech Firm
  • IDFC Bank’s Net Worth Pegged At Rs 13,322 Cr
  • Airtel To Return 50% Mobile Data Used At Night,Makes Wynk Free
  • US Plan To Mandate FDA Audit Of Farm Imports Irks India
  • World Bank Retains India’s Growth Rate At 7.5% This Fiscal
  • Grasim Net Up 17% On Higher Cement Volumes
  • NTPC Q2 Net Profit Rises 40% To Rs. 2,898 Cr
  • Nestle India Q3 Profit Dives 60% On Maggi Noodles Ban
  • Govt Approves 16 FDI Proposals Worth Rs 4,722 Crore
  • India Unprepared To Tackle Online Data Security
  • BPCL, Oman Oil Looking To Sell 24% Stake In Bina Refinery
  • Yes Bank Q2 Profit Rises 26.5% To Rs610 Crore
  • Pfizer In Talks To Merge With Botox-Maker Allergan

  • GE Said To Plan Close On $9.3 Billion Alstom Purchase
  • Volkswagen May Recall 100,000 Diesel Cars In India
  • Sensex Falls For Fourth Day, Ends 201 Pts Down, Nifty Ends At 8,111
  • India Ratings Lowers India FY16 Growth Forecast To 7.5%
  • US Fed Decision Provides More Space To Emerging Markets: Shaktikanta Das
  • US Lawmakers Oppose Indian Norms On Pulses’ Stock Limit
  • Small And Midcap Funds Fare Well In Q2: CRISIL
  • Interest On Rupee Denominated Bonds To Attract 5% Tax
  • IRDA Clears Air On Repudiating Life Covers
  • IPO Of Indigo’s Parent Co Over-Subscribed 3.63 Times
  • Make Single Premium Policy Tax-Free, Insurers

Morning Business News Round up_September 24, 2015

Morning Business News :

  • CIL May Revise Rs 60K-Cr Capex: Coal India Chief
  • China, Europe & US Data Show Bleak Growth Outlook
  • Record Response To NTPC’s Tax-Free Bonds At Rs 4,400 Crore Subscription
  • Need To Infuse More Capital Into Arcs : Ind-Ra
  • Fitch Threatens To Downgrade Volkswagen Over Pollution Scandal
  • No Progress For Business In China Without Reform, Says Xi
  • RBI Eases Overseas Borrowing Rules For Domestic Companies
  • L&T To Sell Assets, Dilute Stake In Non-Core Businesses
  • Small Banks In Rs 4,000-Cr Fix To Raise Domestic Funds
  • Rural Electrification Corp To Extend Rs 9K Cr Loan To Andhra
  • Iran Has Offered Natural Gas To India At $2.95 Per Unit For Urea Plant, Says Gadkari
  • Flipkart Confirms Valuation At $15.2 Billion

Image result for flipkart

  • Rating Slashed To Default For GMR’s Road Project
  • IEX Stake: Financial Tech To Shed More To Five Buyers
  • Sterlite Technologies Acquires Elitecore Technologies
  • No Need For Regulating Algo Now: Jhunjhunwala
  • CCI To Conduct Survey On Healthcare Sector
  • Pfizer To Sell Vintage Thane Plant To Vidhi Research For Rs. 178 Crore
  • Nestle Signs Deal With Biotech Firm To Develop Alzheimer’s Test
  • India’s Spending On IT May Rise Over 5% To $6.88 Bn This Year: Gartner
  • Govt Panel Finds No Evidence Of Data Manipulation At GVK Biosciences
  • Lenders Take Over Visa Steel Under SDR Rules
  • Etihad To Buy Bonds To Help Jet Airways Recast Debt
  • L&T Opts Out Of GAIL Tender To Build LNG Carriers Locally
  • Apollo International, Lycos Form E-Commerce JV
  • Sensex Closes 171 Points Up On Value Buying, Nifty Settles At 7,846
  • China’s Pain Can’t Be India’s Gain: Chinese Media
  • Monsoon Deficiency Has Dropped By 3 Per Cent:
  • Pharma Companies Growth May Remain Moderate In Q2
  • Ajanta Pharma To Replace Aditya Birla Nuvo On Nifty Midcap 50
  • TRAI To Firm Up Position On Net Neutrality Soon major Stock/Sector News In Focus
  • Credit Agricole Now Sees RBI 25 Bps Rate Cut In Sept.
  • Monsoon Rainfall 12% Below Normal Since June 1
  • German Chancellor Angela Merkel To Visit India Next Week
  • Aban Offshore Plans To Shed Debt By 10 Percent Every Year
  • C&C Constructions Wins $141.3m Oman Road Contract
  • Elder Pharma To Consider Sale Of Overseas Subsidiaries Sept. 28
  • Gammon Infra To Seek Shareholders Approval For Divestment In Units
  • Hinduja Ventures Enters Business Of Set-Top Box Distribution
  • Kanpur Plastipack To Set Up Greenfield Project For 619.1m Rupees
  • Manappuram Finance Settles Trading Irregularity Investigation W/ Sebi
  • NDTV Court Stays Tax Dept Order W/ Conditions


  • Orient Green Power Raises Rs 250 Crore Through Preferential Issue To Promoters
  • Pantaloons Fashions Court Allows Using ‘Urban Eagle’ Brand
  • Power Grid Approves 1.33b-Rupee North Eastern Investment Plan
  • Rcom Set To Exit From Tower Business
  • Shriram Transport Had 7.5b Rupees Of Bonds Change Hands
  • Vedanta Cut 4,000 Jobs Since Jan.
  • L&T Plans Township In Bengaluru To Monetise Land Parcel