After years of small divestments, Prime Minister Narendra Modi has launched India’s biggest-ever asset sale, a $29 billion privatization drive that would help prop up the economy but could also spark worker protests as...
Jet-setting bankers grounded with epidemic fears hobbling M&A deals
Dealmaking across the world is being hampered by the spread of the coronavirus, grounding jet-setting investment bankers and threatening a decade-long boom in mergers and acquisitions. One adviser who usually flies...
Tweak in Companies Act may affect Tata versus Mistry case
The corporate affairs ministry on Monday notified an amendment to the Companies (Compromises, Arrangements and Amalgamations) Rules, 2020, adding a provision for majority shareholders to buy out minority stockholders...
Crysta raises ₹10-crore funding
Crysta has raised ₹10 crore in a Pre-Series A funding round led by the family office of Ruchirans and Anuraag Jaipuria. The investors also including Mumbai-based Green Shots Capital and Alfa Ventures, Delhi-based Real...
Bengaluru-based bike rental start-up Bounce raises over $100 million in funding
Bengaluru-based start-up Bounce, on Thursday, announced that it had raised an additional $105 million (₹746.33 crore) in its Series-D funding round. The funding was co-led by existing investors Eduardo Saverin from B...
Fujitsu General ends JV structure in India for direct operation, enter new AC segments
Japan-based Fujitsu General, a leading manufacturer of air conditioners and other technology products, prepares for a new growth trajectory in its Indian air-conditioner business with joint venture realignment and entry...
Zomato acquires Uber Eats business in India to consolidate position
Zomato, the online food delivery and restaurant aggregator platform, on Wednesday announced that it has acquired Uber Eats’ business in India in an all-stock deal that will see the ride hailing company’s food...
NIC board approves merger proposal with two other insurers: Officials
State-owned non-life insurer National Insurance Company Ltd has approved its merger with Oriental Insurance Company Ltd and United India Insurance Company Ltd, trade union officials said on Monday. A hurriedly-convened...
Budget estimates from disinvestment likely to be ₹1 trillion
The next fiscal sell-off target is being pegged at over ₹1 trillion on the back of higher number of strategic stake sale of both big and small companies, apart from the scheduled divestment of Air India, BPCL and Concor...
What is strategic sale? How is it different from disinvestment?
The sale of Air India and BPCL would have served as a shot in the arm for the government’s Rs 1,05,000 crore disinvestment target budgeted for FY20. As of now, it looks highly unlikely that the strategic sale of...
CCI set to get more teeth to regulate tech giants’ M&As
Global mergers and acquisitions (M&As) among technology giants that could disturb the competition landscape in India may soon require clearance from the Competition Commission of India (CCI). The change will bring...
SC to hear Tata plea against reinstating Mistry on Friday
The Supreme Court will hear on 10 January the petition by Tata Sons Private Ltd (TSPL) challenging the NCLAT decision restoring Cyrus Mistry as executive chairman of the Tata group. The apex court website on Tuesday...
