MUMBAI: As India’s economic prospects brighten, the investment banking community senses a revival in mergers and acquisitions activity. That’s unleashed a round of musical chairs which is set to get more frenetic once the budget, seen as being heavily reformoriented, is unveiled on July 10. Apart from a likely surge in deals, the government also

MUMBAI: India’s large to small companies have accelerated the pace of their investment, hiring and outsourcing plans, less than a month after a new government that won on a pro-reforms agenda took charge at the Centre. The Piramal group, which sits on a pile of cash received from the sale of its pharma business, is

Boutique investment banker Singhi Advisors has picked up 15% stake in global investment banking network Mergers-Alliance, a prestigious group of 20 niche i-bankers, making it the only domestic merchant banker to have an exclusive membership in the coveted club. “We have been a member of the Mergers-Alliance since 2007. We recently acquired 15% stake in

Indian pharma sector is expected to witness a major consolidation within the industry, especially in the API sector to meet the growing market demand and challenges globally, according to Singhi Advisors, a Mumbai based global investment banking firm. Understanding the changing dynamics of the Indian pharma industry, the company expressed keen interest in providing their

Online platforms have made a significant impact on the traditional travel agency businesses The domestic travel industry is heading for further consolidation as traditional travel agencies are finding it difficult to survive in a fast changing business environment. With margins coming under pressure and online travel agencies fast gaining popularity, many of them, primarily engaged

State-run Balmer Lawrie & Co, one of the top travel and tour operators in the country, today announced acquisition of Mumbai-based Vacations Exotica for Rs 20 crore, and said the deal is expected to generate an additional revenue of Rs 300 crore in 2014-15. “We today acquired tour operator Vacations Exotica for Rs 20 crore,

MUMBAI/BANGALORE: After sitting on the fence for almost nine months, Deepak Fertilisers, the largest shareholder of Mangalore Chemicals and Fertilizers (MCFL), on Wednesday mounted an over Rs 190-crore bid to wrest control of the Vijay Mallya-promoted company. But shares of MCFL traded above the offer price of nearly Rs 62, indicating doubt among investors that

Sharp rise in outbound deals, but inbound transactions dip Merger and acquisition (M&A) activities have picked up pace at the first hint of an economic revival, and India Inc has recorded deals worth more than $16.48 billion in the first nine months compared with $15.66 billion worth of transactions in the whole of 2013. Domestic

MUMBAI: Indo-Japanese deal enquiries have increased manifold since Prime Minister Narendra Modi’s visit to Japan and 35-40 Japanese companies are looking at the domestic market after his May victory, boutique investment bank Singhi Advisors has said. The queries since the May victory are worth around $ 1.5 billion, according to a back of the envelope

In a major shift in penal procedure, a new listing regulation being put in place by the stock market regulator seeks to punish individuals rather than companies for violations. This means penal action will be targeted more at promoters, directors or officials who commit violations as against the current practice of imposing penalties on companies,