News for 'acquisition'

Indian startups raise $1.65 bn in February

Indian startups raise $1.65 bn in February

Rediff.com4 Mar 2025

Indian startups raised a total of $1.65 billion (about Rs 14,418 crore) in funding at a median valuation of $83.2 million in February 2025, according to data from Traxcn. This brings the total funding in FY25 (April-February) to $25.4 billion, spread across 2,200 rounds, the data showed.

Tighter norms, rising compliance failures driving scrutiny for startups

Tighter norms, rising compliance failures driving scrutiny for startups

Rediff.com24 Apr 2025

Anmol Singh Jaggi and Puneet Singh Jaggi, once hailed as rising stars in India's clean energy sector, are now facing serious regulatory action.

Will SRH's Big Hitters Dominate IPL 2025?

Will SRH's Big Hitters Dominate IPL 2025?

Rediff.com22 Mar 2025

2016 champions SRH are banking on a power-packed batting line-up and a revamped bowling attack to end their nine-year title drought.

Why Paytm, 2 arms got Rs 611 cr ED notice

Why Paytm, 2 arms got Rs 611 cr ED notice

Rediff.com1 Mar 2025

The Enforcement Directorate has sent a notice to Paytm-owner One97 Communications for alleged violation of certain FEMA rules by the company and its two subsidiaries- Little Internet and Nearbuy, with respect to certain investment transactions, according to an exchange filing. Paytm clarified that the alleged breach pertains to the period when the two companies were not its subsidiaries.

China delivers second of 8 submarine to Pak to back Arabian Sea strength

China delivers second of 8 submarine to Pak to back Arabian Sea strength

Rediff.com16 Mar 2025

China has delivered a second advanced submarine to Pakistan, part of a larger deal to bolster the South Asian nation's naval capabilities in the Indian Ocean. The move underscores China's growing influence in the region and its strategic partnership with Pakistan.

M&A deals rise 13.5% in '24 so far

M&A deals rise 13.5% in '24 so far

Rediff.com16 Dec 2024

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.

Markets Choppy? Don't Worry. You Can Still Make Money

Markets Choppy? Don't Worry. You Can Still Make Money

Rediff.com30 Apr 2025

If you redeem your investments when prices have fallen sharply, you will be selling at low prices and may make a permanent loss. On the other hand, if you remain patient and remain invested, you give your investment the time to recover, says Dwaipayan Bose

Can CSK Spin Their Way To 6th IPL Title?

Can CSK Spin Their Way To 6th IPL Title?

Rediff.com20 Mar 2025

Five-time IPL champions Chennai Super Kings have no paucity of talent to excel in IPL 2025, especially in home conditions.

Trump offers olive branch to China after counter tariffs

Trump offers olive branch to China after counter tariffs

Rediff.com5 Apr 2025

US President Donald Trump has proposed a deal to China that would see the sale of TikTok's US operations to an American buyer in exchange for a reduction in tariffs on Chinese exports to the US. The proposal comes amid a trade war between the two countries and follows China's retaliation of Trump's tariffs on Chinese goods. Trump has also said that tariffs are a powerful economic tool and that he is determined to ensure fair trade between the US and China.

Sanju Samson Is Royals' Biggest Asset

Sanju Samson Is Royals' Biggest Asset

Rediff.com20 Mar 2025

In a league defined by change, Sanju Samson's steadfast presence offers a sense of stability and a genuine chance for the Royals to finally reclaim their long-awaited title

US will annex Greenland for global security: Trump

US will annex Greenland for global security: Trump

Rediff.com14 Mar 2025

Speaking to reporters during a meeting with Rutte at the White House on Thursday (local time), Trump said the US needs Greenland for "international security" and hinted at future discussions on the matter.

Farmer leader Dallewal ends 130-day hunger strike, says stir to continue

Farmer leader Dallewal ends 130-day hunger strike, says stir to continue

Rediff.com6 Apr 2025

Punjab farmer leader Jagjit Singh Dallewal has ended his hunger strike which he began on November 26, 2022, to press for various demands of agitating farmers including a legal guarantee on the minimum support price (MSP) for crops. The announcement came after appeals from Union Agriculture Minister Shivraj Singh Chouhan and Union Minister of State for Railways Ravneet Singh Bittu. Dallewal said he would continue to fight for the MSP guarantee and other demands.

Demand woes likely to keep a lid on HUL stock in near term

Demand woes likely to keep a lid on HUL stock in near term

Rediff.com24 Jan 2025

The October-December quarter (Q3FY25) results of fast moving consumer goods (FMCG) major Hindustan Unilever (HUL) indicated weak demand, with urban growth muted and rural showing recovery. Consolidated revenue grew by 1.6 per cent (volume was flat) to Rs 15,818 crore, due to price hikes. Prices of key raw materials such as palm oil and tea remained elevated, leading to compression of gross margin.

Housing prices rise 10% in Q3 in 8 cities, Delhi-NCR tops

Housing prices rise 10% in Q3 in 8 cities, Delhi-NCR tops

Rediff.com25 Feb 2025

Housing prices appreciated at an average of 10 per cent during the December quarter across eight major cities on strong demand, higher input cost, according to a report by CREDAI, Colliers and Liases Foras. Realtors' body CREDAI, real estate consultant Colliers India, and data analytic firm Liases Foras on Tuesday released their joint report, which showed that Delhi-NCR saw a maximum appreciation of 31 pc annually during the October-December period of 2024.

JSW Steel becomes world's most valuable steelmaker with $30.3 bn mcap

JSW Steel becomes world's most valuable steelmaker with $30.3 bn mcap

Rediff.com26 Mar 2025

JSW Steel, owned by Sajjan Jindal, has emerged as the world's most valuable steelmaker, boasting a market capitalisation (mcap) of nearly $30.31 billion, according to Bloomberg data.

'Engaging With The US Is Important'

'Engaging With The US Is Important'

Rediff.com10 Apr 2025

'But I don't think the government is in a great hurry to sign the BTA.'

Interest coverage ratio of unlisted cos at 30-year high

Interest coverage ratio of unlisted cos at 30-year high

Rediff.com17 Jan 2025

Excess earnings of unlisted companies over and above their interest costs are at a record level. The interest-coverage ratio of 2.94 is the highest going back to 1990-91, according to numbers from the Centre for Monitoring Indian Economy (CMIE). The ratio measures earnings relative to every rupee to be paid as interest on outstanding debt.

Waqf Bill brazen assault on Constitution: Sonia Gandhi

Waqf Bill brazen assault on Constitution: Sonia Gandhi

Rediff.com3 Apr 2025

Congress Parliamentary Party chairperson Sonia Gandhi has criticized the Waqf (Amendment) Bill, calling it a 'brazen assault' on the Constitution and part of the BJP's strategy to keep society in a 'permanent state of polarization.' She also spoke out against the One Nation, One Election Bill, calling it a 'subversion of the Constitution.' Gandhi further accused the Modi government of ignoring the women's reservation bill and other demands for reservation, and of 'dragging the country into an abyss' where the Constitution will only exist on paper. She also criticized the government for limiting the speaking time of the Leader of the Opposition in Parliament and for not allowing discussions on important issues like the working of the defense and external affairs ministries and the challenges posed by China on the border.

Torrent Group acquires majority stake in Gujarat Titans

Torrent Group acquires majority stake in Gujarat Titans

Rediff.com12 Feb 2025

Healthcare and energy conglomerate Torrent Group has acquired majority stake in IPL franchise Gujarat Titans.

Godrej Consumer may be the fastest growing FMCG player in FY26

Godrej Consumer may be the fastest growing FMCG player in FY26

Rediff.com26 Mar 2025

Godrej Consumer Products (GCPL) had a disappointing third quarter (Q3FY25) with flat volumes (after 7 per cent growth H1FY25). Price hikes will be required to maintain margins to offset the cost of palm oil inflation. However, some analysts see Q3 as an exception with strong volume growth expected to resume and it may be the fastest growing FMCG player in FY26.

PayU Payment's acquisition of BillDesk gets CCI nod

PayU Payment's acquisition of BillDesk gets CCI nod

Rediff.com5 Sep 2022

Competition Commission of India (CCI) on Monday granted its approval for the acquisition of 100 per cent equity of indiaideas.com (BillDesk) by PayU Payments. The proposed combination relates to the acquisition of 100 per cent of the equity share capital of India Ideas Ltd (IIL) by PayU India. In a tweet on Monday, CCI said it approved, "acquisition of 100% of the equity share capital of IndiaIdeas.com (BillDesk) by PayU Payments."

Three firms seek CCI nod to acquire stakes in Akasa Air

Three firms seek CCI nod to acquire stakes in Akasa Air

Rediff.com20 Feb 2025

Tech tycoon Azim Premji's global investment arm, Manipal Group Chief Ranjan Pai's family office and 360 ONE Asset have sought approval from fair trade regulator CCI to acquire stakes in domestic carrier Akasa Air's parent company SNV Aviation. "The proposed transaction involves the acquisition of certain shareholding by each of PIOF, Claypond and 360 Fund (through its various schemes and affiliates) in Akasa Air," said a notice filed with the Competition Commission of India (CCI) on Wednesday.

How Many Sixes Has Pooran Hit This IPL?

How Many Sixes Has Pooran Hit This IPL?

Rediff.com13 Apr 2025

31 in 6 games!

HUL Q3 net profit up 19% at Rs 2,989 cr

HUL Q3 net profit up 19% at Rs 2,989 cr

Rediff.com22 Jan 2025

FMCG major Hindustan Unilever Ltd on Wednesday reported a 19.18 per cent rise in consolidated net profit at Rs 2,989 crore in the December quarter.

'Our Sardar': Cong asserts claim on Patel's legacy

'Our Sardar': Cong asserts claim on Patel's legacy

Rediff.com8 Apr 2025

Congress president Mallikarjun Kharge accused the BJP-RSS of carrying out a "well-planned conspiracy" against national heroes and said that Sardar Vallabhbhai Patel's ideology was contrary to the RSS' ideas. He defended the relationship between Sardar Patel and Jawaharlal Nehru, saying they were "two sides of the same coin". He also criticized the BJP-RSS for their alleged attempts to appropriate the legacy of Mahatma Gandhi and Sardar Patel.

India's cement sector sees a concrete 2024 with over 10 major deals

India's cement sector sees a concrete 2024 with over 10 major deals

Rediff.com23 Dec 2024

With over 10 deals announced in 2024, the cement sector logged the highest number of pacts, including acquisitions and fresh financial investments, in a single calendar year since 2014, with the combined value of investments over $3.5 billion. During the year so far, 11 deals have been announced, according to Bloomberg data.

'We want to create an all-weather franchise'

'We want to create an all-weather franchise'

Rediff.com10 Dec 2024

'We have seen something do very well when the times are good but maybe not as well when the times are bad.'

Bullet train: Land acquisition completed except for Godrej plot, Maha tells HC

Bullet train: Land acquisition completed except for Godrej plot, Maha tells HC

Rediff.com21 Nov 2022

The state government and the company are embroiled in a legal dispute since 2019 over the acquisition of the company-owned land in Vikhroli for the bullet train project.

MI's Hundred move: 49% stake in Oval Invincibles

MI's Hundred move: 49% stake in Oval Invincibles

Rediff.com30 Jan 2025

Mumbai Indians won a fiercely contested e-auction, fending off competition from a Silicon Valley tech consortium, comprising the chief executives of Google, Microsoft, and Adobe as well Gujarat Titans owners CVC.

HC orders revival of 2007 Nandigram murder cases

HC orders revival of 2007 Nandigram murder cases

Rediff.com13 Feb 2025

The Calcutta High Court has ordered the revival and prosecution of ten criminal cases related to murders in Nandigram and Khejuri during an anti-land acquisition movement in 2007. The court deemed the West Bengal government's decision to withdraw prosecution in these cases, involving the deaths of at least ten individuals, as unlawful. The bench emphasized that murders had indeed occurred and that allowing the prosecution to withdraw under Section 321 of the Criminal Procedure Code would not be in the public interest. The court stated that violence in any form should be eschewed in a democracy and that a state must exhibit zero tolerance towards it. The court set aside the state government's decision to withdraw prosecution and directed the public prosecutor to take appropriate measures within a fortnight.

Shreyas can't wait to work again with Ponting, this time at Punjab

Shreyas can't wait to work again with Ponting, this time at Punjab

Rediff.com21 Dec 2024

'With Ricky coming in, we have shared a great camaraderie from the past. We would be putting our thinking caps on and brainstorming on many aspects.'

Anita Kishore, Brain behind Byju's Acquisitions

Anita Kishore, Brain behind Byju's Acquisitions

Rediff.com31 Aug 2021

Byju's, says Anita Kishore, has given the founders of the businesses it has acquired the independence to operate separately and maintain their core culture.

Crypto: Assess Risks Before Investing

Crypto: Assess Risks Before Investing

Rediff.com19 Mar 2025

Market downturns or regulatory shifts can reduce liquidity, making it harder to buy or sell assets when needed.

Can Meta, Google Curb Illegal Gambling?

Can Meta, Google Curb Illegal Gambling?

Rediff.com7 Mar 2025

The scale of illegal gambling and betting in India is staggering, with 1.6 billion visits recorded between October and December 2024 across four analysed platforms -- Parimatch, Stake, 1xBet, and Battery Bet.

No Of Nil Tax Returns Nearly Doubles In 5 Years

No Of Nil Tax Returns Nearly Doubles In 5 Years

Rediff.com11 Feb 2025

ITRs with zero tax liability have increased to 55.7 million in FY25.

Debt-funded acquisitions can put pressure on Adani ratings: S&P

Debt-funded acquisitions can put pressure on Adani ratings: S&P

Rediff.com25 Aug 2022

Richest Indian Gautam Adani's group, which has grown on acquisitions, has fairly solid fundamentals but debt-funded future acquisitions can start putting pressure on ratings, S&P Global Ratings said on Thursday. Starting out as a commodities trader in 1988, the Adani group has diversified from mines, ports and power plants into airports, data centres and defence. It recently forayed into the cement sector with a $10.5 billion acquisition of Holcim's India units and is also looking to set up an aluminium factory. Most of this expansion has been funded by debt.

F-35, Rana extradition: Big takeaways from Modi-Trump meet

F-35, Rana extradition: Big takeaways from Modi-Trump meet

Rediff.com14 Feb 2025

During the talks, India and the US decided to take a big leap in broad-basing their strategic ties in several critical areas.

F35s: Musk Tweets Dissed US Fighter

F35s: Musk Tweets Dissed US Fighter

Rediff.com17 Feb 2025

Two Elon Musk from November 2024 surfaced online over the weekend in which he can be seen criticising the US' F-35 fighter aircraft which President Donald J Trump offered to sell India during Prime Minister Narendra D Modi's visit to the White House on Thursday.

'Tariffs will hurt insurance, patients and everyone'

'Tariffs will hurt insurance, patients and everyone'

Rediff.com10 Feb 2025

After registering a net profit of Rs 25.1 crore in Q3FY25 and consolidated revenues growing by 7 per cent on a like-for-like basis, Siddharth Mittal, chief executive officer (CEO) and managing director, Biocon, told Sohini Das/Business Standard in a virtual interaction that local manufacturing in the US is a trade off between cost and qualifying to do business there.

Does India need expensive F-35s from US, asks Cong

Does India need expensive F-35s from US, asks Cong

Rediff.com15 Feb 2025

Congress general secretary Randeep Surjewala has raised concerns about the Indian government's decision to potentially acquire F-35 fighter jets from the US, questioning whether the decision was made in the national interest and if security experts were consulted. He highlighted the high cost of the F-35, its operational flaws, and the potential impact on the Indian Air Force's existing fleet and maintenance infrastructure. Surjewala's comments come after Prime Minister Narendra Modi and President Donald Trump unveiled plans for a 10-year defense partnership between India and the US, including potential F-35 sales.