Being facilitated by iSpirt, deal likely to be announced in weeks
A total of 62 M&A deals valued at $3.37 billion were announced in August, against 59 deals worth about $0.94 billion in July, according to data compiled by Grant Thornton.
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The healthcare IT sector saw 168 transactions in the second quarter of 2013, higher than 104 in the previous quarter (January-March) and 163 in all of 2012.
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The $9.5 billion Nokia deal was the last in a string of bad deals struck by Chief Executive Satya Nadella's predecessor, Steve Ballmer.
The total value of merger and acquisition (M&A) deals have grown at a compounded annual growth rate of around 28 per cent between 2002 and 2006.
In a pre-Budget meeting with Finance Minister Nirmala Sitharaman, the corporate leaders highlighted several issues, including certain income tax matters which were coming in the way of mergers and acquisitions or slowing them down and roles that need to be played by state businesses to prosper at the ground level.
A string of acquisitions this year has pushed India to the top of the Asia's inbound M&A league table.
Merger and acquisition (M&A) activity involving Indian companies included 156 deals with a total disclosed deal value of $12.1 billion in the quarter.
The $306-million investment in Ola Electric Mobility by SoftBank Corp, Arun Sarin Family, Ratan Tata and Matrix has been the biggest funding in this space in value terms this year.
Inbound M&A into India totals $9.86 billion this year, the highest in Asia.
Guarantees given to overseas arms under I-T scanner.
Data sourced from Bloomberg show that nearly 50 per cent of cross-border deals valued at $710 billion have not yet been completed.
According to a report by global deal tracking firm mergermarket, M&A activity in the Asia-Pacific region as a whole dropped to $72.9 billion, a decline of 26.1 per cent by value from first quarter of 2012 ($98.6 billion).
M&A deals announced by Indian companies shave crossed Rs 2 trillion mark in 2012.
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.
The minister had last month said that the guidelines will be out by October 15.
UK-based Diageo's acquisition of 53.4 per cent stake in Vijay Mallya-led United Spirits for Rs 11,166.5 crore ($2 billion) could be the biggest inbound M&A deal so far this year.
'At any given point in time, we expect only 25 per cent of our workforce will need to be in office.' 'And any given person will only be required to spend only 25 per cent of their time in office.'
The year 2004 is still remembered more for corporate India's global sojourn with 60-odd foreign M&A deals, than global businesses' interest in India.
Mergers are not just about balance sheets or marketing synergies; they are also about those who make the synergies real.
Telecom honchos Sunil Bharti Mittal, Anil Ambani, Kumar Mangalam Birla and Vittorio Colao are expected to meet IT and Communications Minister Kapil Sibal tomorrow to discuss various issues impacting the sector.
The Walmart chief stated that the values of the two companies were "very much aligned"
Trai's recommendations should incentivise all serious operators to look at how to reach telephony to the hands of people living in villages which have a population of 500 or 1,000, which they would otherwise refrain from.
Corporate affairs ministry mulls changes in Competition Act, may provide different threshold for various sectors.
Flipkart has not been able to process with its plans of getting into the grocery vertical and is stuck on running pilots in select cities.
In the past month, when the Essel Group started picking up shares of the company, IVRCL's stock has risen 31 per cent, a rare feat in a market where infrastructure stocks have been suffering due to slow movement in projects and high interest burden.
No respite in sight as not many big deals, initial public offerings in pipeline.
Private equity investments during January-March stood at $3.18 billion.
A Planning Commission expert group on Tuesday recommended that all mergers and acquisitions (M&As) in the pharmaceutical industry should be cleared by competition watchdog, CCI to ensure that such deals do not result in monopolies and increase in drug prices.
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