India Inc's appetite for mergers and acquisitions has seen total deal value nearly double in just two months of this year to about $37 billion from $20 billion in the entire 2006.
Export-led Indian IT sector is not directly hit by Trump's tariff order on goods, but there could be worrisome indirect bearings on it arising out of possible slowdown in decision-making and GDP growth in America over higher tariffs, which may then cloud demand from specific verticals, according to some analysts.
'Given a chance, more than 50 per cent of employees would switch to WFH as opposed to working from office.'
The Indian insurance industry is set to focus on customer-centric technological adoption and expansion into rural areas to drive growth in 2025.
India, which is ranked 2nd in Q3, raced past China where only 30 per cent respondents expect an increase in revenue, whereas in India, 85 per cent respondents have voted in favour of increasing revenue
SFIO is looking into the role of Grant Thornton LLP which had valued the brand.
After a year of decline, mergers and acquisitions (M&As) in India increased 13.8 per cent, reaching $69.2 billion in the first nine months of 2024, as against $60.8 billion during the same period in 2023. Led by Indian companies and private-equity (PE) firms, 2,301 transactions were signed between January and September this year as compared to 1,855 transactions reported in the same period last year, according to the Bloomberg data.
The year saw 30 QIP deals raising over $5 billion and 35 IPOs.
According to the Grant Thornton International Business Report, 45 per cent of businesses in the BRIC countries (Brazil, Russia, India and China) plan to increase investment in research and development over the next year, compared to just 18 per cent in the G7.
Tech sectors, including start-ups and IT & ITeS, witnessed the highest consolidation, capturing over 40 per cent of volumes
Since families multiply much faster than the number of businesses, after a point, there just aren't enough independent firms for each member to run.
A sector-wise analysis shows that a total of five PE transactions in the energy and natural resources sector led the value chart.
According to assurance, tax and advisory firm Grant Thornton, corporates in the country announced 458 deals in the January-November period amounting to $26.76 billion.
State-run Life Insurance Corporation of India (LIC) has committed Rs 600 crore for its digital transformation journey, Sunder Krishnan, chief risk officer said on Wednesday. The insurance giant is also aiming to become completely "paperless" in two years. "We have hired a large system integrator for more than Rs 400 crore, a consultant for digital transformation for Rs 100 crore, and Rs 100 crore for agency transformation.
In the corresponding period of the last year, there were 614 deals worth $ 27.7 billion.
India Inc's mergers and acquisitions saw a significant upturn in January with the total deal size touching a $2.5 billion, jumping a massive 42 per cent over the same period last year.
Citibank on Wednesday joined the list of foreign banks that have exited retail banking business in India. Mumbai-based Axis Bank completed acquisition of Citigroup's consumer business for Rs 11,603 crore. Under the deal, Axis acquired consumer banking businesses of Citibank India, which includes credit cards, retail banking, wealth management and consumer loans.
Though the number of merger and acquisition deals in the country more than doubled in the month of September, from 23 to 57, the total deal value remained more or less the same.
India's investigating agencies have in the past made a lot of noise about probes that resulted in few convictions
The Union Budget 2025-26, while promising a new framework for smoother mergers and acquisitions (M&As), has plugged a major loophole on carry-forward losses for a total of eight assessment years between amalgamating company and amalgamated company from the date of loss instead of date of the merger. For all mergers effected on or after April 1, 2025, the losses can be carried forward only for the residuary period (counting from the date of loss).
As the pandemic pushed employers to explore and adapt new ways to stay in the business, a survey has revealed that 6 out of 10 organisations have adopted 'work from home' policy post Covid-19 relaxations. Over 65 per cent of the employers have either introduced 'work from home' as a policy or are evaluating the same reflecting a maturity and the confidence in their employees, according to a survey by Grant Thornton Bharat. The survey was conducted online by Grant Thornton Bharat among 4,650 respondents across social media platforms.
Grant Thornton reports says total value of deals in 2013 crosses $8 bn, up 34% from the year-ago period, momentum likely to continue
Corporates are not really expecting a change in the capital gains taxation
Sectors which attracted big-ticket investments were real estate, energy, banking and start-ups
the largest transactions of the year include the merger of Quality Care India and Aster DM Healthcare valued at $5.08 billion, followed by Bharti Enterprises' acquisition of a 24.5 per cent stake in the BT Group at $4.08 billion, and a family settlement transaction in the Godrej family at $3.5 billion.
Kapil Paaji and Dhoni Paaji played a round of golf at the Kapil Dev Grant Thornton invitational tournament in Gurugram.
The mystery surrounding the alleged fund diversion from Zee Entertainment Enterprises (Zee) by founders Subhash Chandra and Punit Goenka has thickened with speculations of an amount multiple times higher than that cited by the ex-parte interim order passed by the Securities and Exchange Board of India (Sebi) dated June 12, 2023. While Zee shares witnessed a fresh selloff on Wednesday, news reports of accounting fraud left investors guessing about the hole in the media broadcaster's books. An order by the Securities Appellate Tribunal (SAT) in October 2023 had clearly hinted that Sebi's investigation had found a deeper rout.
These "cyber commandos" will be different from personnel at cyber police stations and will work with local administration to tackle cyber threats.
'A long-term investor with a 4 to 5 year horizon could invest in this theme via SIPs.'
Kapil is known to be a keen golfer, whose handicap was almost down to scratch at one time.
The trend is expected to remain bullish in 2015, global consultancy Grant Thornton said
Excess hype often leads to broken hearts and hence it is always necessary to strike a balance, legendary Kapil Dev said on Tuesday in context of India's six-wicket defeat at the hands of Australia in the World Cup final earlier this month.
PE investment so far in 2014 stood higher at $ 8.4 billion as against $ 7.8 billion in 2013, with 38 per cent higher volumes in 2014 as compared to 2013, led by the technology sector.
This was mostly driven by Qatar Foundation Endowment's $1.26 billion investment in Bharti Airtel.
Deloitte India would not provide non-audit services to all listed companies and other entities where public money is involved such as banks and insurance companies, if they are its audit clients.
Majority of privately held businesses in India are optimistic about their hiring plans this year, but prospects of staff benefits like pay hikes are not so bullish, a study said.
Maruti Suzuki India (MSIL) will hold discussions with the Centre and state governments on how the production of compressed biogas (CBG), which can be used in vehicles that run on compressed natural gas (CNG), can be expanded in the country, its majority shareholder Suzuki Motor Corporation (SMC) said. The demand for CNG vehicles has been rising significantly in the country. MSIL sold 145,000 CNG vehicles in the first quarter of 2024-25, marking a 28.3 per cent year-on-year (Y-o-Y) growth.
BCCI to lock in broadcast deal by August-end before series against Australia; Afghanistan ODIs moved to January
On the volume side, the number of M&A and PE deals was 110 in July, 15 per cent lower from 130 in July 2018.