- LIC makes open offer to acquire 26% stake in IDBI Bank
- RBI to infuse Rs 50,000 crore in January, bonds likely to rally
- NSE gets Sebi’s nod to launch weekly options on Nifty 50 index
- IDFC, Capital First completes merger process to form IDFC First Bank
- India’s sugar production up 2.1% till December 15: ISMA
- MOPE and InvAscent buy 70% in Symbiotec for $100 m
- Almost 45% of seller base from tier-II, III cities: Flipkart
- India imports 42 lakh tonne of urea till November for over USD 1 billion
- Saudi Arabia, Reliance in talks for refinery, petrochemical project: Saudi Oil Minister
- Premium brands pitch easy finance and instalments over superior features
- Bank notes’ printing cost rose to Rs 80 billion in FY17, says govt
- BNP Paribas sets 2019 Sensex target at 40,000, but stays wary on earnings
- Sebi concerned as Rs 600 bn worth of approved IPOs are yet to hit market
- Will try to get 99% items in 18% slab or lower, says PM Narendra Modi
- New angel tax notices spook investors, start-ups; trip fund-raising efforts
- High growth rate in manufacturing a doable challenge, says NITI Aayog CEO
- CSR funds worth Rs 8,314 cr remained unspent over three financial years
- Govt likely to sell 3-5% stake in NTPC via OFS
- IBC eliminates right to redemption of Essar Steel shareholders, says lenders
- Tata Starbucks to open more than 25 stores across metros in 2019
- Ashoka Buildcon plans to bid for Rs 400-crore city gas distribution projects
- John Deere plans to boost engine capacity in India
- Existing tech inadequate to cater to data demand by 2025, says report
- Government permits imports of PUF panels/doors for hospitals under EPCG scheme
- Ola to invest $100 million in scooter-sharing firm Vogo
- Samana to raise Rs 4,000 crore to invest in startups, listed stocks
- Govt orders restructuring of tax department
- Carlyle seeks to double holding in PNB Housing Finance
- DHFL to exit mutual fund business DHFL Pramerica
- Agri-food startups raised $1.6 billion in 2013-17: Report
- Online medicine startups in funding frenzy as sector consolidates
Tag: Ola
Today’s M & A Deals_April 22,2016
- KKR backs Musale family to buy out Navis Capital from Classic Stripes
- Matrix Partners raises $110M afresh; co-founder Navani quits to float Epiq Capital
- Diagnostics chain Thyrocare eyes up to $360M valuation in IPO
- Tide Water to buy UK lubricant firm Price Thomas for $13.7M
- Nazara picks up 26% stake in Mastermind Sports
- Ola, Quikr backer Matrix raises $110M for new VC deals
Retail news Round Up_April 01,2016
- Hollywood movie Kung Fu Panda 3 inks brands deals with McDonald’s, Britannia and others worth Rs 20 crore
- Bricks-and-mortar mortar retailers set to regain pricing power
- E-commerce startups welcome 100 percent automatic FDI move
- Gujarat passes bill to impose tax on e-commerce transactions
- Vertical ecommerce firms may have to recast business models
- McDonald’s adding 1,500 outlets in China, S.Korea, Hong Kong
- Online discounts on smartphone may taper off for reasons of business sustainability
- LED bulbs procurement price drops to Rs 55, consumer to get at Rs 85
- VAT on textiles, footwear rolled back in Delhi
- Ola launches Free In-Cab ‘Auto-Connect Wi-Fi’ to Access Internet Without Entering Any Credentials
- State Bank of India Opens its First Digital Bank in North-East Region
- FremantleMedia to launch web series on Facebook next month
- Paytm cuts off wallet to merchant aggregators such as Ezetap, JustPay and FTCash
- Bindass to launch original show on Facebook next month
- Foodpanda’s new service to refund customers if delivery fails within 45 mins
“We have forty million reasons for failure, but not a single excuse.”
-Rudyard Kipling
Today’s M & A Deals_March 23, 2016
M & A Deals :
- DEN Networks finalises buyer for majority stake in Delhi Dynamos
- BigBasket raises $150M from Abraaj Group, IFC and others
- Ed-tech startup Byju’s raises $75M from Sequoia, Sofina
- Asian Healthcare Fund CEO on new fund, backing health-tech ventures and more
- Edelweiss to buy JP Morgan’s India mutual fund business
- Advent International raises $13B for new buyout fund
- Ola acquires mobile payments startup Qarth
- Sachin Tendulkar picks up stake in IoT firm Smartron
Today’s Wealth Mantra !
“An active investor is someone who actually lives off their investments as opposed to wages from a job.”
-Robert Kiyosaki
Retail news Round Up_March 10,2016
Retail news :
- Uber’s $17M MoU with Haryana Govt to focus on ridesharing
- Quikr launches product delivery & checking through Doorstep
- PayU Biz to launch POS terminals in India by April 2016
- InnerChef acquihires EatonGo and Flavour Labs
- OYO Rooms ties up with PayPal for i’national transactions
- Amazon India to Launch its own Digital Wallet, But Through Acquisitions
- Ola to shut down its grocery and food delivery business next week
“Thinking is the hardest work there is, which is probably the reason why so few engage in it.
-Henry Ford
Today’s M & A Deals_Dec 05 ,2015
M & A Deals :
- Ola joins global alliance to take on Uber
- Cab aggregator Uber raises $2.1B in new round
- GHV Accelerator seed-funds CaRPM, Applop with $100K each
- Schedulers Logistics in advanced talks to raise funds
- Tree House may merge with Zee Learn as founders part-exit
- China’s APUS Group sets up $45M fund for Indian startups
- Spiral Content to launch new product ScatterX
Today’s Wealth Mantra !
“Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it”
Peter Lynch
Morning Business News Round up_December 04, 2015
Morning Business News :
- Govt May Scrap 1% Inter-State Tax To Move Closer To GST
- Ola, Didi Kuaidi, Lyft, Grabtaxi Enter Into A Partnership To Counter Uber’s Reach
- Global Private Equity Funds Blackstone, Carlyle, Barings Asia In Race To Buy Reliance Cement
- Citigroup Pnote Sells 61 Lakh Havells India Shares Worth Rs 178cr
- Telcos Ask Trai To Check Ringo License, Raise Security Concerns
- Vodafone Invests Rs 500 Crore In Six Months On Network In Delhi
- TPG Capital Backed Sanjiv Ahuja Leads Race To Buy Reliance Communications Towers
- India Third-Largest Market For Spirit Giant Pernod Ricard, Sales Cross Rs 10,000 Crores
- SKS Microfinance Raises Loan Ticket Size
- Government Asks Companies To Display MRP Of Farm Machines Excluding Taxes
- CIL To Pump In Rs 57K Cr To Ramp Up Output To 908 MT
- Govt To Relax Approval System For Food Products
- Montblanc Partners Titan For India Re-Entry, To Open 5 Outlets
- Telenor Upgrades 2500 Sites Across 6 Circles To Improve Data, Voice Services
- LED Bulbs Distribution To Start In Uttarakhand, West Bengal, Karantaka, Jharkhand
- Union Budget 2016 May Give Boost To Cashless Transactions
- ECB Disappoints Markets With Bare-Minimum Easing Package
- Losses From Chennai’s Rains Of The Century Pegged At Rs15,000 Crore
- Ownership Question Trips Small Finance Bank Licenses
- 1 Rupee Call Drop Fine May Cost Telecom Firms $8 Billion
- Bharat Forge, Musashi Said To Consider Bids For Amtek Auto’s German Arm
- Reliance Jio: A Worry For Both Competitors, RIL Shareholders
- Flipkart Buys Stake In Mapmyindia To Improve Delivery Operations
- Flipkart Reports A Loss Of Rs2,000 Crore In FY15
- BSNL FY15 Operating Revenue Up 4.16% To Rs27,242 Crore
- Anil Ambani’s Reliance Defence Applies For Additional 16 Industrial Licenses
- Chennai Floods: PM Releases ₹1,000 Cr From Disaster Fund
- Services Sector Hits 5-Month Low Of 50.1 In November: HSBC PMI Index
- Quikr Acquires Real-Estate Analytics Platform Realtycompass
- Buyout Of Zylog’s Polypropylene Business Will Propel Lyondellbasell To The Third Spot In India
- After Ramdev, Baidyanath Group Chants The FMCG ‘Mantra’
- Mahindra Conducts Raids Of Counterfeit Spare Parts In Hyderabad
Today’s Wealth Mantra !
“Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it.”
-Peter Lynch
Today’s M & A Deals_Nov 23,2015
M & A Deals :
- Ola raises $500M from Baillie Gifford, Didi Kuaidi and others
- Sequoia hits the road to raise new India-focused VC fund
- PremjiInvest, Temasek to buy stake in ICICI Prudential for $297M
- Fairfax India raises stake in National Collateral Management
- Reliance Infra to sell 49% stake in Mumbai power unit to Canadian fund
Today’s Wealth Mantra !
“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.”
– Robert Kiyosaki
Today’s M & A Deals_Nov 19,2015
M & A Deals :
- Ola raises $500M from Baillie Gifford, Didi Kuaidi and others
- Digital media startup ScoopWhoop raises $4M from Kalaari
- Online logistics aggregator Hipship raises seed funding
- Airbnb hospitality service firm Hostmaker gets $2M
- Pickrr raises seed funding from Palaash Ventures, others
- Goodbox gets $2.5M from Nexus for chat-based commerce play
Today’s Wealth Mantra !
“The stock market is filled with individuals who know the price of everything, but the value of nothing.”
– Phillip Fisher
Morning Business News Round up_November 19, 2015
Morning Business News :
- Telecom dept seeks PMO help to free up TV waves
- India Inc’s Oct foreign borrowing dips 24% at $2.11 bn
- Government extends currency swap facility for SAARC members
- Govt to raise Rs 21Kcr from CIL stake sale
- Govt nudges Vodafone with settlement proposal
- India’s top real estate cos stare at Rs 30-k cr debt
- Divestment, exports, infra get govt push
- RBI workers’ strike tomorrow likely to disrupt settlements
- Modi govt looks to revive stalled road projects, boost exports
- Confusion reins over FSSAI’s product approval regime
- GAIL rerating on oil & gas policy, Mahanagar Gas IPO
- Jindal Stainless aims to cut debt by 64% through restructuring
- Amtek Auto may sell Tekfor for Rs 6,000 crore
- Japan regulators set to slap Toshiba with record $57 mn fine: Source
- Competition panel asks Coal India to examine spot e-auction scheme afresh
- Cabinet approves modification to bilateral assistance guidelines
- GMR Kamalanga Energy gets revised tariff order from CERC
- Commodity markets in worse shape than in 2009
- Centre approves direct subsidy for sugarcane growers
- Glenmark, Sun Pharma, Cipla said to weigh bid for Teva portfolio
- Ramdev’s Patanjali atta noodles have no approval: FSSAI
- Essar Steel bankers pushing to convert debt to equity
- Govt would launch an initial public offering of Cochin Shipyard Ltd
- ScoopWhoop raises $4 million from Kalaari Capital
- Dr Reddy’s buys IP rights for anti-coagulant drug from Alchemia for $17.5 mn
- Sensex slumps 382 pts to 25,482, Nifty settles below 7,750
- Productivity gains of internet can transform India
- Inflation completely under control in India: CEA
- Govt fixes maximum mktg margin for natural gas
- Finance Minister Arun Jaitley meets Rahul Gandhi
- Ola raises $500m from Baillie Gifford, SoftBank and others
- OECD countries to limit overseas financing for coal plants
- Irdai to regulate non-life, health insurers’ expenses
- India-focussed ETFs grow as demand picks up
- Microfinance industry sees 28% rise in client base in Q2
Today’s Wealth Mantra !
“The stock market is filled with individuals who know the price of everything, but the value of nothing.”
– Phillip Fisher