To grasp the scale of the challenges facing Chinese leaders in revamping their sprawling and inefficient state-owned enterprises, consider this: The combined revenue of 100-plus government-owned firms, spanning from...
Fosun Plans Asset Sales in Reversal of $15 Billion M&A Spree
Fosun Group, one of China’s most acquisitive conglomerates, is preparing to sell as much as 40 billion yuan ($6 billion) in assets as it turns its focus towards raising its credit rating to above junk. As it steps back...
M&A activity seen easing as India seals fewer deals in first half of 2016
Compared with the historical high in the same period a year ago, the deal count was 26.7% fewer and a deal value was 4% lower, says a MergerMarket report. The top three M&A deals in the first six months of the...
Hungama ties up with Sun TV and Maa TV for telugu content
Hungama Play, a leading video-on-demand provider, today announced the addition of Telugu content from south’s entertainment conglomerates, Sun TV Network, and Maa TV. With this acquisition and more in the...
JK Tyre Acquisition
The Seller Kesoram Industries Limited is a well - diversified entity in the fields of Cement, Tyre, Rayon Yarn, Transparent Paper, Spun Pipes and Heavy Chemicals with two-core business segments i.e. Cement and Tyres...
Joint Ventures: Best Practices to Give Your Business a Boost
Joint ventures are a great opportunity for businesses to grow and seek new markets and new horizons. It is like a marriage. One business sees good prospects in hitching its fortunes with another business, either bigger...
Tatas, REL & GMR bid for Singapore power company
Tatas, REL & GMR bid for Singapore power company Three Indian majors — Tata Power Company (TPC), Reliance Energy and GMR Infrastructure — on Wednesday submitted non-binding bids for Tuas Power of...
Zee Tele buys 50% in Ten Sports for $57m
Zee Tele buys 50% in Ten Sports for $57m Zee Telefilms on Monday announced that it is buying 50% of the Dubai-based Taj Television, which runs Ten Sports channel, in an all-cash deal of $57.2m. The deal values Taj...
Debt-riddled GVK reaches out to JSW Group for sale of its Mumbai and Bengaluru airports.
The Reddy’s, founder promoters of GVK, have reached out to Sajjan Jindal led JSW Group with an offer to sell their controlling stakes in their crown jewels – the two airports in Mumbai and Bangalore. Sanjay...
SIS Security sets up new JV with Spain’s Prosegur.
SIS Security, one of India’s largest security services companies, has formed a new joint venture with Spanish security services giant Prosegur, to offer alarm monitoring and response solutions for homes and small...
GOOGLE’s ALPHA Structure
In a move to become conglomerate with holding company having stakes in different businesses, the tech giant ‘GOOGLE’ announced that it would rebrand itself as Alphabet – the holding company and push all its operating...
Diversification: When & How far should one go..!
Introduction Diversification today most executives and boards realize how difficult it is to add value to businesses that aren’t connected to each other in some way. Yet too many executives still believe that...