Companies in India have yet to see optimism about the country’s economy translate into stellar earnings results. Soft commodity prices and weak growth in sectors linked to investment are taking their toll on Indian firms, with disappointing earnings expected to follow, according to a report released yesterday by Crisil Research, in which Standard & Poor’s

MUMBAI: LyondellBasell, one of the world’s largest plastics, chemical and refining companies, has entered into a definitive agreement for the acquisition of SJS Plastiblends Pvt. Ltd. (SJS), a polypropylene compounds (PPC) manufacturer, located in Aurangabad, Maharashtra, India. This strategic acquisition will expand LyondellBasell’s existing footprint in India and further enhance the company’s position in India’s growing automotive

Year 2014 witnessed the largest private equity (PE) deals in the fast-growing e-commerce space. According to Dealogic data, the information technology (IT) space, including e-commerce, witnessed 240 deals worth $3.8 billion in 2014, eight per cent of the total deal size of $48 billion. “E-commerce has been witnessing fairly strong top line growth and, hence,

State-owned insurers and public sector banks subscribed to almost half of the public issue of government-owned Steel Authority of India’s share sale that opened on Friday, as large private institutional investors showed lukewarm response to the government’s first disinvestment programme. LIC, India’s largest insurer, and General Insurance Corp joined hands with public sector banks led

Companies are locking acquisition deals even at higher valuation: Singhi Advisors MD In fiscal 2014, India’s mergers and acquisitions (M&A) across all industries clocked around $22.6 billion, according to an EY report, down 20 per cent when compared to the previous financial year. However, Mahesh Singhi, Managing Director, Singhi Advisors, is bullish about 2015. Speaking

MUMBAI: With markets hitting new highs almost everyday and business sentiment improving, India Inc got on to the mergers and acquisitions (M&A) bandwagon closing as many as six deals worth Rs 27,153 crore in just seven days. The deal makers are expecting more such “frenzied” weeks and months ahead with domestic deals overshadowing both outbound

Shares of logistics companies rallied on the news that much-awaited Goods and Services Tax (GST) Bill which seeks to bring in uniform goods and services tax across the country is to be moved in the winter session of Parliament. Stocks of logistics companies gained 13 to 20 per cent on Monday. Among them, top gainers

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 USD 1.5 billion, according to a back of the

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