Meridian Tech Pte has its development centre in Hyderabad.
Singapore's Fullerton Fund pumps more into China, cuts exposure in India
After a month long gap, the primary market is heading for a busy time, with five firms including Paytm parent One97 Communications and policybazaar parent PB Fintech have lined up their IPOs in the first half of November to raise over Rs 27,000 crore collectively. The other three firms whose initial share-sales are set to open are Sapphire Foods India, which operates KFC and Pizza Hut outlets, decorative aesthetics supplier SJS Enterprises and microcrystalline cellulose manufacturer Sigachi Industries. The IPOs of FSN E-Commerce Ventures Ltd, which runs online marketplace for beauty and wellness products Nykaa, and Fino Payments Bank are currently open for public subscription.
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.
A sector-wise analysis shows that a total of five PE transactions in the energy and natural resources sector led the value chart.
Singapore-based investment and business consultancy expects 50-60 Indian firms setting up operations in China.
All current staff of BPCM is expected to transfer to the new owners under equivalent terms and conditions.
John Fearon, CEO of Dropmysite Pte Ltd reflects upon the success of Walmart over the years and tells us what worked for it that did not for its competitors.
The company is increasing its exposure to key emerging markets.
A tribunal consented with the decision of the newly constituted board of the IL&FS and observed that the initiation of bankruptcy proceedings was the best option for the two firms.
Given the strong prospects in the business, analysts expect the company to clock healthy growth of 15-20 per cent, going ahead.
The company said this was 'important' to reinforce the 'complete disassociation' from its erstwhile promoters -- Malvinder and Shivinder Singh.
The Finance Ministry further said decision on seven FDI proposals has been deferred.
The government has cleared 19 foreign investment proposals, including that of Walt Disney Company and Reckitt Benckiser (India), entailing total investment of Rs 2,326.72 crore (Rs 23.26 billion).
Non-resident Indians are investing in well-established small and medium enterprises in India
Educational institutions in Canada offer courses ranging from eight months duration to two years, says Sushil Sukhwani
Fortis International has made seven acquisitions in 10 markets.
The housing finance major issued non-convertible debentures and warrants to raise another Rs 4,000.03 crore.
Chinese e-commerce giant Alibaba has received anti-trust regulator CCI's approval for buying 4.14 per cent stake in Snapdeal.
Tata Communications (formerly VSNL) has acquired a 50 per cent stake in Beijing-based telecom and IT services firm China Enterprise Communications for an undisclosed sum. The acquisition was done through its wholly owned subsidiary, Tata Communications International Pte.
The net proceeds of the fund raising will be used to repurchase certain equity shares issued to Tata Motors and for general corporate purpose.
GTL Ltd plans to buy Redington Group comprising Redington India Ltd, Redington Pte Ltd Singapore and Redington Gulf FZE for $95 million in cash and shares.
"The receipt on account of the referral fee arising to the applicant would not be taxable in India...," the AAR said while giving a ruling in a reference made by Singapore-based real estate consultant Cushman & Wakefield Pte. The AAR ruling comes in wake of the questions raised by Singapore-based Cushman & Wakefield whether the referral fees paid to it by the Indian arm would be taxed in India.
The Grand Prix is scheduled for September 28 on public roads around the downtown Marina Bay area, making it Formula One's first street race in Asia.
Bharti Airtel (Singapore) Pte Ltd, a subsidiary of Bharti Airtel, said on Monday it has been awarded the facility-based operator licence in Singapore, which will enable it to operate international carrier facilities from there.
The Union Cabinet on Thursday allowed Non-Resident Indian steel baron Lakshmi N Mittal to pick up 49 per cent stake in state-run Hindustan Petroleum Corp's Bhatinda refinery.
Aditya K Poddar, chairman of Wellside International Pte Ltd, handed over a cheque for $100,000 to India's Acting High Commissioner Asoke Mukherji at India House in London.
Packaging major Essel Propack Ltd has entered into a share purchase agreement for acquiring 85 per cent stake in US-based Tacpro Inc and Avalon Medical Services Pte Ltd, Singapore.\n
Pune-based Bilcare Ltd, through its wholly owned subsidiary Bilcare Singapore Pte Ltd, has acquired US-based pharma research and clinical services business for an undisclosed amount.
"She (the teacher) dragged my child forcefully and asked her to stay for five minutes inside the boys' washroom as a punishment for not wearing the uniform," alleged the father of the victim.
Ankit Mehra, founder and CEO, GyanDhan, an education financing marketplace, tells you how to apply for an education loan in the pandemic.
Reliance Industries along with US oil major Chevron on Wednesday announced signing of an agreement for purchase of 5 per cent equity of Reliance Petroleum Ltd for $300 million
Leading integrated media and entertainment company UTV Software Communications Ltd has decided to divest its entire stake in United Home Entertainment Ltd to the Walt Disney Company
The acquisition of Executive Access (India) Pte Ltd would provide Hat Pin access to a large talent pool and complementary opportunities across its three existing brands, it said in a filing to the London Stock Exchnage.
"Considering its geographical location, India, especially Delhi, has the potential to become a gobal hub for air cargo," Singapore Airlines Cargo Pte Ltd president Hwang Teng Aun said.
Overall, Tata Steel becomes the seventh non-financial firm, including four oil PSUs to report quarterly revenues of Rs 50,000 crore.
The Pawan Ruia group has finally come out with an open offer for Dunlop India and Falcon Tyres following its indirect acquisition of these two outfits from the Jumbo group in December 2005.
