Search results for ' Acquisition'

'Diageo India focuses on value rather than volume'

'Diageo India focuses on value rather than volume'

Rediff.com26 Jan 2024

'Our approach has been to work with consumers and help them drink better, not more.'

Soren refused to receive arrest order; has 'illegal land possession': ED

Soren refused to receive arrest order; has 'illegal land possession': ED

Rediff.com1 Feb 2024

A dozen land parcels in Ranchi measuring about 8.5 acres in total are in 'illegal possession, occupation and use' of arrested former Jharkhand chief minister Hemant Soren and are proceeds of crime under the anti-money laundering law, the Enforcement Directorate has claimed.

Outlook healthy for UltraTech amidst higher competition, revenue grows 8%

Outlook healthy for UltraTech amidst higher competition, revenue grows 8%

Rediff.com1 Feb 2024

UltraTech Cement's third quarter of financial year 2023-24 (Q3FY24) performance saw a combination of 6 per cent year-on-year (Y-o-Y) volume growth and 8 per cent revenue growth coupled with better realisations per tonne. The earnings before interest, taxes, depreciation, and amortisation (Ebitda) stood at Rs 3,250 crore and Ebitda per tonne was Rs 1,191. Profit after tax (PAT) was reported at Rs 1,780 crore. Other income dipped and interest costs rose.

Infosys' Q3 net profit down 7.3% to Rs 6,106 crore

Infosys' Q3 net profit down 7.3% to Rs 6,106 crore

Rediff.com11 Jan 2024

IT company Infosys on Thursday posted a 7.3 per cent decline in consolidated net profit at Rs 6,106 crore in the third quarter of the current financial year. The company had posted a net profit (attributable to shareholders) of Rs 6,586 crore during the same period a year ago, Infosys said in a regulatory filing. Consolidated revenue from operations of the company increased marginally by 1.3 per cent to Rs 38,821 crore during the quarter under review from Rs 38,318 crore in the year-ago period.

'BYJU's showing green shoots towards profitability'

'BYJU's showing green shoots towards profitability'

Rediff.com5 Feb 2024

'If you look at assets truly working for us, you should look at Aakash and Great Learning.'

Plans afoot to develop Noida-like industrial city in UP's Bundelkhand

Plans afoot to develop Noida-like industrial city in UP's Bundelkhand

Rediff.com9 Jan 2024

Noida was conceived in the 1970s and went on to transform the Western UP's landscape for good. Akin to the New Okhla Industrial Development Authority (Noida), the Yogi Adityanath government has instituted the Bundelkhand Industrial Development Authority (BIDA) with its epicentre in Jhansi.

Near-term margin pressures to persist for Tata Communications stock

Near-term margin pressures to persist for Tata Communications stock

Rediff.com28 Jan 2024

Tata Communications has seen analyst upgrades after reporting Q3FY24 results. The biggest factor is the visible signs of a turnaround in its new acquisition, Kaleyra. The consolidated revenue grew 16 per cent Q-o-Q to Rs 5,630 crore led by 15 per cent Q-o-Q improvement in the data segment.

'Aim to be strong fast-moving consumer goods company'

'Aim to be strong fast-moving consumer goods company'

Rediff.com28 Jan 2024

'Will make sure that we create value. We will again look for organic and inorganic opportunities.'

Private equity-backed mergers and acquisitions fall to 31-month low

Private equity-backed mergers and acquisitions fall to 31-month low

Rediff.com26 Sep 2023

The number of mergers and acquisitions (M&As) in August that involved private equity (PE) funds was the lowest in nearly three years. There were 26 such deals last month, according to data from tracker Refinitiv (part of London Stock Exchange Group). The last time monthly deal numbers were so low in recent times was January 2021 when Covid cases were picking up during the second wave of the pandemic.

Has Paytm Woken Up Too Late?

Has Paytm Woken Up Too Late?

Rediff.com20 Feb 2024

Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.

Brookfield to buy ATC's India business for $2 bn

Brookfield to buy ATC's India business for $2 bn

Rediff.com5 Jan 2024

Canada-based Brookfield will acquire the Indian business of American Tower Corporation (ATC) for an enterprise value of $2 billion, a release said on Friday. The transaction is subject to regulatory approvals and expected to close in the second half of 2024. "Data Infrastructure Trust (DIT), an Infrastructure Investment Trust sponsored by an affiliate of Brookfield Asset Management, today announced the signing of an agreement with ATC to acquire 100 per cent of equity interests in American Tower's operations in India (ATC India), for an enterprise value of Rs 16,500 crore ($2 billion) which is subject to pre-closing terms as per the securities purchase agreement," it said.

RBI permits ICICI AMC to buy 9.95% stake in Federal Bank, RBL Bank

RBI permits ICICI AMC to buy 9.95% stake in Federal Bank, RBL Bank

Rediff.com28 Dec 2023

Federal Bank on Thursday said the Reserve Bank of India has accorded approval to ICICI Prudential Asset Management Company Ltd () for acquiring up to 9.95 per cent stake in the bank. RBI accorded the approval subject to conditions on Thursday, Federal Bank said in a regulatory filing.

Byju's expects $7-8 bn minimum valuation

Byju's expects $7-8 bn minimum valuation

Rediff.com23 Jan 2024

Byju's plans to raise funds at a lower valuation of $7-8 billion as the embattled edtech major looks to shore up its financials with adequate liquidity, a senior company executive said on Tuesday. Banking on overall "improved performance", Think and Learn, the parent of Byju's, is hopeful of a higher valuation ahead of its rights issue being planned in February to raise funds. Byju's India chief financial officer Nitin Golani said the company is in need of funds and plans to raise it at a lower valuation to make the offer lucrative for investors as well as ensure adequate liquidity support for the edtech firm.

ED files charge sheet against Lalu Prasad's family

ED files charge sheet against Lalu Prasad's family

Rediff.com9 Jan 2024

The charge sheet has been filed before a special Prevention of Money Laundering Act (PMLA) court in Delhi and the court has listed the matter to be heard on January 16, the sources said.

Land acquisition process for cheetah safari near Kuno underway, says official

Land acquisition process for cheetah safari near Kuno underway, says official

Rediff.com17 Sep 2023

Environment ministry is organising various programmes at Sesaipura related to Project Cheetah.

PMLA case: Robert Vadra named in ED chargesheet against NRI, UK national

PMLA case: Robert Vadra named in ED chargesheet against NRI, UK national

Rediff.com27 Dec 2023

"Mr Robert Vadra not only renovated the aforesaid property at 12 Bryanston Square, London through Sumit Chadha but also stayed in the same," it said.

'APIs are a very strategic part of Biocon's business'

'APIs are a very strategic part of Biocon's business'

Rediff.com7 Jan 2024

'There is no reason why we should break this business up.'

Bajaj Finance shares soar 4% as Q3 business update shows robust AUM growth

Bajaj Finance shares soar 4% as Q3 business update shows robust AUM growth

Rediff.com12 Jan 2024

Shares of Bajaj Finance sprinted 4.7 per cent to Rs 7,732 per share on the BSE in Thursday's (January 4) intra-day trade as the non-bank finance company's (NBFC's) December quarter business update reflected minimal impact of the Reserve Bank of India's ban on two of its lending products. The shares, eventually, ended 4.4 per cent higher at Rs 7,710 per share as against 0.69 per cent gain in the benchmark S&P BSE Sensex. The NBFC's asset under management (AUM) topped the Rs 3-trillion-mark at the end of December 2023, swelling by roughly Rs 20,700 crore (35 per cent year-on-year) to hit Rs 3.11 trillion-mark.

BJP's Mission UP: Winning All 80 Lok Sabha Seats

BJP's Mission UP: Winning All 80 Lok Sabha Seats

Rediff.com5 Jan 2024

The BJP lost 15 of the 80 Lok Sabha seats in 2019. Union ministers have been deployed in all 15, tasked with turning the result around.

RCB's auction picks were to help with home games

RCB's auction picks were to help with home games

Rediff.com20 Dec 2023

RCB head coach Andy Flower too was happy with the acquisitions.

M&A Sees Sharp Decline in 2023

M&A Sees Sharp Decline in 2023

Rediff.com27 Dec 2023

Bankers said the outlook of M&As in India in 2024, especially in the second half after the Lok Sabha election, seems relatively better.

Street Signs: Zomato's share snapback, DOMS soars at 60%, and more

Street Signs: Zomato's share snapback, DOMS soars at 60%, and more

Rediff.com18 Dec 2023

After a sharp rally in the equities market this year, investors could be better off rotating some funds towards the debt market. Experts believe several tailwinds could spur bond market returns over the next 12-18 months. These include India's robust macroeconomics, declining inflation, and the imminent passive flows of close to Rs 2.5 trillion on account of domestic sovereign bonds getting included in the JP Morgan global indices.

SKM to hold 15 more farmers' conclave ahead of Feb 26 Delhi march

SKM to hold 15 more farmers' conclave ahead of Feb 26 Delhi march

Rediff.com24 Dec 2023

According to the Morcha, the demands which Delhi Chalo has been called include: MSP should be guaranteed as per C2+50 percent formula and, as promised, a law should be made to guarantee it; all the farmers should be made debt free, and all agricultural loan must be waived.

Tech firms to ramp up talent hunt from Tier-II, III cities

Tech firms to ramp up talent hunt from Tier-II, III cities

Rediff.com29 Dec 2023

Several technology companies are seeking to step up hiring from Tier-II and Tier-III cities of India in 2024 to tap into a vast talent pool of skilled professionals churned out by educational institutions and training centres in these regions. Tier-II and Tier-III cities such as Thiruvananthapuram, Kochi, Coimbatore, Jaipur, Mohali, Vadodara, Chandigarh, and Indore contribute around 12-15 per cent of the country's tech talent, hinting towards the strong talent availability in these regions, according to Randstad India, a talent management firm.

ED probes land deals involving Priyanka Gandhi, Robert Vadra

ED probes land deals involving Priyanka Gandhi, Robert Vadra

Rediff.com28 Dec 2023

Purchase of three plots of land in Haryana in 2005-06 by Congress leader Sonia Gandhi's son-in-law Robert Vadra from a real estate agent is being probed along with a land deal made by his wife Priyanka Gandhi Vadra, the Enforcement Directorate (ED) claimed in a recently filed money laundering case charge sheet.

IPL's Most Expensive Players

IPL's Most Expensive Players

Rediff.com21 Dec 2023

10 costliest buys that stirred the cash-rich league.

Growth gains, dividend yield to support ITC stock

Growth gains, dividend yield to support ITC stock

Rediff.com21 Dec 2023

ITC highlighted that legal cigarettes account for 9 per cent of tobacco consumption in India, but 80 per cent of tax collection is from tobacco products. While illicit cigarettes account for roughly one-third of the market share, legal cigarette volumes have recovered to around 96 per cent of peak FY13 volumes, after dipping to 70 per cent in FY21.

Ganguly, Ponting pick their favourite additions to the Delhi Capitals squad

Ganguly, Ponting pick their favourite additions to the Delhi Capitals squad

Rediff.com20 Dec 2023

Delhi Capitals made exciting additions to their squad at the IPL Mini-Auction 2024 in Dubai on Tuesday. The franchise bagged the hard-hitting Harry Brook for INR 4 crore along with Australian fast bowler Jhye Richardson for INR 5 crore and West Indian wicketkeeper-batter Shai Hope for INR 75 lakh.

The Stylish Pandyas!

The Stylish Pandyas!

Rediff.com4 Dec 2023

Mumbai Indians' latest acquisition took to social media to post a series of photos of the Pandya siblings and captioned it, 'My pillar'.

RIL's new energy business piques analysts' interest

RIL's new energy business piques analysts' interest

Rediff.com18 Dec 2023

For the company's latest energy initiative to expand its green energy and storage portfolio, some analysts are beginning to suggest a closer look at some of its segments. In his address to shareholders in the company's FY22 annual report, billionaire Mukesh Ambani, chairman and managing director of the company, said: "The green energy value holds great promise to outshine all our existing growth engines in just 5-7 years." The company has marked an investment of Rs 75,000 crore towards its new energy plans, which include solar energy value chain, green hydrogen, energy storage and other similar businesses.

WPL Auction: Gujarat Giants bag Kashvee for Rs 2 cr

WPL Auction: Gujarat Giants bag Kashvee for Rs 2 cr

Rediff.com9 Dec 2023

Kashvee Gautam becomes first uncapped player to fetch Rs 2 cr

Meet Cricket's Young New Millionaires

Meet Cricket's Young New Millionaires

Rediff.com20 Dec 2023

Meet Sameer Rizvi, Kumar Kushagra, Shubham Dubey and Robin Minze.

How HUL plans to serve the customers of tomorrow

How HUL plans to serve the customers of tomorrow

Rediff.com11 Dec 2023

Hindustan Unilever (HUL)'s decision to split its beauty and personal care division and place a renewed focus on digital has been driven by its aim to serve the consumer of tomorrow, say analysts and brand experts. HUL managing director and chief executive officer Rohit Jawa is looking to make the company 'future ready', and while these bets are not for the short-term, they will eventually pay off as the Indian consumer is young and digital friendly, they add. "Rohit Jawa comes with digital experience and he is preparing to steer HUL into serving the future consumer who is more digital friendly," said Sachin Bobade, vice-president at brokerage firm Dolat Capital.

How India enhanced its military might in 2023

How India enhanced its military might in 2023

Rediff.com31 Dec 2023

India also went on an overdrive in expanding its military engagement with like-minded countries in its neighbourhood and beyond in the face of China's relentless attempts to become a regional hegemon and establish its primacy in South Asia.

Govt nod to buy 97 more Tejas LCAs, 156 choppers worth Rs 2.23 lakh cr

Govt nod to buy 97 more Tejas LCAs, 156 choppers worth Rs 2.23 lakh cr

Rediff.com30 Nov 2023

The defence ministry said 98 per cent of the total procurement worth Rs 2.23 lakh crore will be sourced from the domestic industries.

Income tax dept conducts survey at Hinduja group firm

Income tax dept conducts survey at Hinduja group firm

Rediff.com29 Nov 2023

The income tax department on Wednesday conducted a survey operation at Hinduja Global Solutions, an entity of the Hinduja Group, in Mumbai and some other cities, official sources said.

In non-cigarettes push, how ITC built more than 25 FMCG mother brands

In non-cigarettes push, how ITC built more than 25 FMCG mother brands

Rediff.com4 Jan 2024

A young couple sharing a laugh - in the living room over a Polish joke book, on the beach, in the rain - with the tagline, "Made for each other", hung from billboards at prominent street corners from the 1960s to the 1990s. It was a campaign for one of the largest selling cigarette brands in India, Wills (Navy Cut) from the ITC stable, that resonated with a generation of smokers and non-smokers alike till the curtains came down on tobacco advertising in 2004. As we prepare to welcome 2024, ITC has metamorphosed from a tobacco giant into a conglomerate straddling multiple large-sized businesses. In the mind space of Gen Z or millennials, the company represents a gamut of branded products - from frozen food (ITC Master Chef), noodles (YiPPee!), and cookies (Sunfeast) to snacks (Bingo!) and notebooks (Classmate), and so on and so forth.

Navy's proposal for 2nd indigenous aircraft carrier gets govt nod

Navy's proposal for 2nd indigenous aircraft carrier gets govt nod

Rediff.com28 Nov 2023

The mega procurement proposal will shortly be placed before the Defence Acquisition Council, the defence ministry's top body on procurement, they said.

The Modi Premium

The Modi Premium

Rediff.com13 Dec 2023

Economic growth, which we are taking for granted, slows for a completely different set of local or global factors and the Modi premium vanishes, observes Debashis Basu.

Army to acquire 200 mounted howitzers, 400 towed guns for China border

Army to acquire 200 mounted howitzers, 400 towed guns for China border

Rediff.com27 Nov 2023

This would be the first time that the Indian artillery would have these types of 105 mm mounted howitzers and would add to the strength of the formations deployed in forward positions, they said.