Investors are usually excited at the prospect of an acquisition, more so when a foreign-owned company is a suitor. While the mandatory open offer holds out the promise of a windfall, there is a bump-up in valuations when an MNC tag is attached. In distress cases such as Jet Airways, existential worries also come to an end.
Indian manufacturing activity expanded at a slower pace in December as growth in new orders and output waned, despite factories cutting their prices, a private survey showed on Wednesday.
IDFC Alternatives had initially started off with under-construction and minority deals in the infrastructure space by teaming up with engineering, construction and procurement (EPC) firms—a strategy it moved away from for its second fund owing to risks faced on account of being severely over-leveraged.
India’s Adani Enterprises urged the government of Australia’s Queensland state to approve a management plan that would allow construction to start at its controversial Carmichael coal mine.
New investment worth Rs 5,000 crore is going to be injected in the Uttar Pradesh after the state government and IKEA signed a Memorandum of Understanding (MoU) for setting up an ‘integrated commercial project’ in the state which is expected to generate 8000 direct and indirect jobs. The first store in the state is expected to come up in Noida.
Inking down a deal of selling 80.1% pf the power grids to Japan’s Hitachi, the Swiss engineering group ABB has cashed in worth $11 billion.
Ruling out Trai’s rule on predatory pricing for lack of transparency in the guidelines over determining market share and rates of services, Telecom tribunal TDSAT on Thursday decreed in favour of Vodafone and Airtel.
India is the fastest growing domestic aviation market in the world, IATA’s Chief Economist Brian Pearce said.
Australian Prime Minister Scott Morrison professed India to be a breeding ground for the business emanation as he seeks to boost two-way investment as part of deepening economic ties with the world’s second most populous country.