Ahmedabad-based Nirma group and leading private equity firms have joined the race to acquire BSE-listed Glenmark Life Sciences. The acquisition by chemicals-to-cement major Nirma, if successful, would be a major boost for the health-care segment of the group, on the lines of its successful entry into the cement sector following its purchase of Lafarge India's assets for about Rs 9,400 crore in July 2016. It later followed up by buying Emami cement assets for Rs 5,500 crore in February 2020.
When Chennai-based Wedding Designer Ambika Gupta first received a brief for a destination wedding in Udaipur, she had no idea it would turn into one of the most high-profile celebrations of the season.
'Growth for some companies has been hard to come by and this is a smart way to get there.'
Nirma has roped in BCG and KPMG to advise it on the fundraising options for the acquisition. The company had earlier informed banks that it would raise Rs 5,000 crore to Rs 7,000 crore in the current financial year for the acquisition. Bankers said the company will rely on its funds and future GLS dividend to repay its debt for acquisition.
Nirma has jumped into the ongoing cricket spectacle - IPL - as the principal sponsor for the Virat Kohli-led Royal Challengers Bangalore to raise awareness and recognition for the cement brands it acquired after its purchase of the erstwhile Lafarge India's assets in 2016
Ahmedabad-based firm to fund deal through equal amount of equity and debt.
Karsanbhai Patel's risk-taking abilities are on display once again.
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The mascot has gone off air now, but not before helping the Gujarat-based detergent brand script the perfect win for an underdog in the eighties.
The impact of Trump's announcement of increasing import tariffs will have negligible benefit for India not because of companies trying to shift from China to other countries or their supply chains being affected due to their Chinese operations but because of our faulty policies, explains Mudit Jain.
Semiconductor makers need thousands of engineers and technicians, and though India has one of the largest pool of engineers in the world, they do not have experience in the semiconductor manufacturing space.
At least five companies looking to raise a cumulative Rs 6,595 crore could launch their initial public offerings (IPOs) next month after a busy August that saw eight IPOs. On Thursday, south-based diagnostic chain Vijaya Diagnostics announced its plans for a Rs 1,895-crore IPO. Ami Organics will announce its plans for a Rs 600-crore issue on Friday.
The buzz in the IPO market continues with four companies launching their initial share sales this week to raise over Rs 14,628 crore collectively. This comes after four companies -- Devyani International, Krsnaa Diagnostics, Windlas Biotech and Exxaro Tiles-- launched their initial share-sales last week to mobilise Rs 3,614 crore. So far in the current fiscal, 16 companies have raised Rs 30,666 crore through IPOs against Rs 31,277 crore by 30 firms in the entire 2020-21. Going forward, market analysts expect the IPO environment to remain buzzing during the entire 2021-22.
Azim Premji and his family gave away Rs 7,904 crore (Rs 79.04 billion) in philanthropy, up 1,645 per cent!!! over the previous year.
Nanpakal Nerathu Mayakkam is a masterpiece, and like most masterpieces of the cinema, it's a great act of folly, observes Sreehari Nair.
For the Congress' revival, the eclipse of the Gandhis is absolutely necessary, asserts Virendra Kapoor.
Nirma University Institute of Management-Ahmedabad, invites applications for admissions to its two-year MBA programme.
On the second day of global investment summit in Ahmedabad, industrial groups have announced plans to make investments of Rs 12,000 crore (Rs 120 billion) in Gujarat, P K Laheri, the state's chief secretary, said on Monday.
Nirma University Institute of Management-Ahmedabad, invites applications for admissions to its two-year MBA programme.
The Nirma Institute of Management, Ahmedabad, invites applications for its two-year residential Master of Business Administration programme.
The health system is trying to ensure that it isn't caught by surprise -- the way it was last time. So, hectic preparations are on.
The opposition has been critical of the Centre's handling of the situation, accusing it of not doing enough to ease the hardships of the migrant workers, many of whom have lost their jobs during the lockdown which started on March 25.
The top five most trusted brands are Samsung Mobiles, Sony, LG, Nokia and Tata.
In 1989 when Bajaj came out with their legendary and elegant Hamara Bajaj campaign, that looked more at apna India, rather than the scooter, and at all hues of scootered Indians, it drew millions of eyeballs and was brilliantly successful.
'Corruption is rampant in every office in the state from the villages right up to Gandhinagar. I have witnessed all these issues first hand... Before Narendra Modi became chief minister Gujarat had a debt of Rs 25,000 crore to Rs 30,000 crore. Today it is Rs 180,000 crore. There has been six-fold jump in public debt in Gujarat in the last ten years... Every child born in Gujarat owes a debt of Rs 30,000 today. How can you call this development? Look at how high taxes are in Gujarat. Look at the condition of our public health system. There are not enough doctors or nursing staff in government hospitals; not enough teachers in schools and colleges.' Three-time BJP MLA Dr Kanubhai Kalsaria rips apart Narendra Modi's policies.
The Essar Oil, Rosneft deal also helped Arpwood Capital, boutique investment bank, co-founded by Rajeev Gupta and Raj Kataria, to grab the second spot in the mergers and acquisitions league table.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
The store that made Prime Minister Narendra Modi's monogrammed suit in Ahmedabad are now flooded with requests from people who want similar attire, finds out Sabu Cherian
The AAP's mandate in Gujarat is similar to the one in Delhi -- address issues related to corruption and other grievances of the common man, says Vinay Umarji and Premal Balan
Natarajan said she had an unpopular job but she never did anything wrong
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"A Meryl Streep or Jimmy Kimmel can speak their mind, and stay assured that they won't be harmed. That does not happen in India," say Manavi Kapur & Ranjita Ganesan.
Even a 6 percent vote-share would make AAP an important player on the national scene. The key lies in strategically concentrating AAP's vote, especially in the cities, so that it can break Narendra Modi's momentum, besides defeating an already weak Congress, says Praful Bidwai.
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