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leapfrog investments acquires majority stake in india's ascent meditech




leapfrog investments, an emerging markets-focused private equity firm, has acquired a majority stake in the indian health products company ascent meditech ltd. ascent meditech’s orthopaedics, pain and wound-care products are exported to 40 countries in asia, africa and the middle east and its flag...



temasek holdings acquires stake worth rs 10 billion in adani ports, sez




singapore-based investment company temasek holdings has acquired stake worth rs 10 billion in adani ports and special economic zone through open market transactions, block deal data available with bse showed.adani ports' promoter entity s b adani family trust, which is represented by gautambhai shan...



emerson collective acquires majority stake in the atlantic




investor and philanthropist laurene powell jobs will share ownership of the magazine with david bradley.



quess corp acquires majority stake in tbss for rs 153 crore




prem watsa backed quess corp has acquired a majority stake in tata group's domestic-focused back-office firm tata business support services (tbss) for rs 153 crore, plugging a gap in offering customer services to its customers in india. tbss, based in hyderabad, employs over 27,000 people handling o...



founded by 2 gujaratis, us drug major amneal eyes speciality biz in india




the patel brothers have exhibited astute business sense, be it in acquiring andas from merck, investing heavily in r&d, or in developing low-cost manufacturing bases in india. the company has chosen the inorganic route to grow at a rapid pace. now that it is looking at the china and india markets ov...



merger with idea: vodafone goes defensive with its india play




british telecom giant vodafone plc would be hoping to bring an end to the problems it has faced since it bought hutchison's stake in the company a decade ago.since vodafone made its $11.1 billion acquisition of hutchison’s operations in 2007 and paid another $5.5 billion to buy out ruia’s stake ...



air india stake sale: govt allows 49% foreign ownership in national carrier




in order to increase the prospect of air india’s successful disinvestment, the government on wednesday allowed foreign entities to own up to 49 per cent stake. however, it has been mandated that the control of air india even after privatisation should be vested with an indian entity. in a cabinet ...



a snapshot of pe activity & deals




sector-wise allocations the real estate attracted the most investments, accounting for 25.51 per cent of the the total investments in deal value. software & services was the second, followed by telecom services, banks and capital goods.key deals last week there were 13 deals worth $527.14 million an...



rbi gives in-principle nod to lic for acquiring majority stake in idbi bank




the reserve bank of india (rbi) has given an in-principle nod to life insurance corporation (lic) for acquiring a majority stake in idbi bank, sources said. the government-owned insurance behemoth had sought the banking regulator’s nod before it had approached the insurance regulatory and developm...



the us-made 2019 subaru ascent just started production




subaru has kicked off production of one of its most eagerly-anticipated cars in recent memory, with the 2019 ascent suv beginning to roll off the line. the automaker’s new three-row model, it’s being produced here in the us, at subaru’s lafayette plant in indiana. it’s the same location wher...



cci clears gic's rs 9,000-cr deal to acquire 33% stake in dlf's rental arm




the competition commission of india (cci) has approved singapore's sovereign wealth fund gic's plan to acquire 33 per cent stake in dlf cyber city developers for rs 8,900 crore.under the deal, gic's subsidiary reco diamond will acquire 33.34 per cent stake in dlf cyber city developers ltd (dccdl), h...



quess corp acquires majority stake in tbss for rs 153 crore




quess corp said it has signed a pact with tata sons and tata capital to acquire 51 per cent stake in tata business support services (tbss) for up to rs 153 crore in cash.tata sons will hold the remaining 49 per cent stake in the company, quess said in a filing to bse.the deal is to be completed by d...



bharti infratel may buy voda's 42% stake in indus tower, become tower giant




if the company acquires the balance 58% stake in indus tower, its tower network will be two and a half times the second-placed competitor



uber doubling down on india investments after exiting southeast asia: coo




ride-hailing giant uber technologies inc is "doubling down" on its investments in india, one of its biggest markets, after its recent exit from southeast asia, its chief operating officer said on wednesday. india accounts for more than 10 per cent of uber rides globally and the us company has a more...



promoters might lose control of amtek auto




the control and management of debt-ridden automobile component maker amtek auto might slip out of the hands of its current promoters as they seek large investments in the company to bring down debt.  amtek founder arvind dham and his family own a 52.4 per cent stake in the company, saddled with a d...



pe/vc investments in apr up by 23% at usd 2.4 bn on large deals: ey




private equity and venture capital investments in april were up 23 per cent at usd 2.4 billion, backed by large deals in sectors like e-commerce and life sciences, says an ey report. according to ey, there were 69 pe/vc deals in april worth usd 2,370.09 million, while the corresponding month of 2017...



fork media acquires majority in digital audio ad start-up rappio advertising




digital advertising technology company fork media recently acquired a majority stake in rappio advertising, the digital audio advertising start-up, in order to boost its audio ad sector.as part of the deal, the team at rappio advertising joins fork media’s sales and tech division in mumbai. rappio...



bs ceo survey: india inc to step up investments, increase hiring in 2018




despite a lukewarm year that’s gone by for corporate india, chief executive officers (ceos) are optimistic about the new year. they expect higher sales growth and, as a result, a majority of them are planning to hire more people and increase investments. in a nationwide survey carried out by this ...



india inc to step up investments, increase hiring in 2018: bs ceo survey




despite a lukewarm year that’s gone by for corporate india, chief executive officers (ceos) are optimistic about 2018. they expect higher sales growth and, as a result, a majority of them are planning to hire more people and increase investments. in a nationwide survey carried out by this newspape...



china's tencent acquires 12% stake in snap as shares plunge




snap inc said on wednesday that chinese tech and media investment firm tencent holdings ltd had taken a 12 per cent stake in the company, a day after the owner of disappearing-messaging app snapchat was punished by wall street for disappointing quarterly results. snap's shares fell 16 per cent to $1...



greece, paneuropean in talks to jointly divest stake in hellenic petroleum | bus




greece and paneuropean oil and industrial holdings are in talks to divest a combined majority stake in greece’s biggest oil refiner hellenic petroleum, hellenic said.under its latest 86 billion euro ($107 billion) bailout, athens agreed to launch a series of privatizations this year, including div...



lic may make open offer soon to buy outstanding shares of idbi bank




life insurance corporation of india may make an open offer as early as tuesday to buy the outstanding shares of idbi bank ltd from minority shareholders, said people familiar with the matter. idbi’s board will approve a preferential sale of shares to lic at a meeting on tuesday and probably inform...



2019 subaru ascent 3-row suv gets official




subaru has officially unveiled the all-new ascent 3-row suv. this is the largest of all subaru vehicles and comes in seven or eight-passenger configurations. the seven-passenger version has second-row captain’s seats with the eight-passenger version using benches in second and third rows.power for...



chinese tech company tencent acquires 5 percent tesla stake




chinese tech giant tencent holdings has acquired a 5 percent stake in electric car maker tesla inc.



softbank group acquires major stake in uber




a group led by japanese technology conglomerate softbank has acquired a major stake in uber, potentially tamping down internal warfare at the troubled ride-hailing company and strengthening the hand of ceo dara khosrowshahi as he seeks to move it past the firestorm that has consumed it for the past ...