DEAL ACTIVITY
How much of the Ukrainian territory can Russia keep? Experts claim Trump and Putin are negotiating
A report has claimed that Donald Trump and Russian President Vladimir Putin are negotiating the extent to which Russia can retain the Ukrainian territory it has invaded. They are also discussing about NATO.
Satellite images reveal the presence of Chinese spy bases in Cuba. Should the US be concerned?
A report by a think-tank based out of the US analyzed satellite images from Cuba which revealed the presence of Chinese spying facilities. This is a direct threat to the US. Law makers have urged the Biden administration to tackle this threat.
Indian software sector earnings will remain modest in Q1: here’s why
Infosys and LTIMindtree are expected to lead a modest increase in average growth for Indian software service providers in the first quarter of FY25. However, previous top performers, Tata Consultancy Services (TCS) and HCLTech, may see pressure on profits and margins as they work to reignite growth.
Significant Changes in the Tech Industry will drive the high-value global M&A: Rupinder Malik, Partner, JSA Advocates
The global tech industry is poised for major transformations, with India playing a pivotal role in forthcoming high-value deals. Key sectors driving this activity include medical tech, health tech, electric vehicles (EVs), and renewable energy, according to Rupinder Malik of JSA Advocates & Partners. Despite mixed deal closures, robust interest in India's market and evolving due diligence practices highlight the potential for significant future transactions.
Airbus says will buy 'major activities' of subcontractor Spirit
European aerospace giant Airbus announced on Monday its intention to acquire major activities related to Airbus from subcontractor Spirit AeroSystems. This move comes as US competitor Boeing prepares to take over the majority of Spirit AeroSystems' operations.
MNCs in India fret as US yet to ratify global tax deal
Tax experts say the international tax treaty, which Republicans strongly oppose and requires a two-thirds majority in the US Senate to pass, faces significant challenges. Without US ratification, meeting the OECD tax deal's implementation conditions to reshape the global tax system becomes extremely difficult. The international tax treaty's implementation needs acceptance by 30 jurisdictions and the inclusion of the headquarters jurisdictions of at least 60% of the most profitable multinationals; given that many of these businesses are located in the United States, US participation is critical to attaining this level.
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Red Lobster restaurants still open amid bankruptcy scare: Active outlets, special deals, all you need to know
Red Lobster is a household name when it comes to mega restaurant chains across the entire United States. However, the organization is currently suffering a major setback as it has recently filed for bankruptcy, immediately putting hundreds of their outlets at a risk of closing down, giving food enthusiasts a massive jolt.
10 Best Play Gyms for Kids to Help Nurture your Child’s Growth and Development
Choosing the best play gym for kids involves finding a safe, engaging, and developmentally enriching environment. The top-rated play gyms listed below are designed with colourful toys, soft and comfortable mats, and interactive features such as music, and mirrors to stimulate sensory development. These gyms encourage babies to explore, kick, grasp, and develop motor skills. Ideal for newborns to toddlers, these baby play gyms foster cognitive growth and physical development, making them a perfect addition to any nursery.
ET Explainer: What are block and bulk deals?
Block deals involve large investors and do not impact stock prices in real time.
Father’s Day: Unique ideas to make your dad feel special on this day
These Father's Day ideas offer a range of activities to suit different interests and preferences. Whether it's an adventurous outing or a quiet day spent enjoying shared hobbies, you can enjoy these activities with your dad.
Delhi LG sanctions prosecution of Arundhati Roy, former professor Sheikh Showkat Hussain under UAPA for 'provocative' speeches
Delhi Lt Governor V K Saxena has authorized the prosecution of author Arundhati Roy and former Central University of Kashmir professor Sheikh Showkat Hussain under the Unlawful Activities (Prevention) Act for allegedly making 'provocative' speeches at a conference in 2010. The FIR against them was registered following the orders of the Court of Metropolitan Magistrate, New Delhi. Roy and Hussain had allegedly spoken at a conference promoting the separation of Kashmir from India. Saxena had granted sanction to prosecute them under different sections of the Indian Penal Code as well.
Best Electronic Early Development Toys for Kids and Toddlers
As the internet is getting more and more prevalent, we must keep a check on our kids’ screen time. We must make sure that they are engaging in playful, educational, and interactive activities instead of watching cartoons and other content on screens. One way of doing so is to get them electronic early development toys so that they are engaged in educational learning.
Steal Deal: Minimum 25% Off on Luxurious Perfume brands like Nautica, Jaguar, and Guess
Discover incredible steal deals on Amazon with a minimum of 25% off on luxury perfume brands. Indulge in the exquisite fragrances of renowned brands like Nautica, Jaguar, and Guess, now available at significantly reduced prices. These luxurious perfumes, known for their sophisticated blends and lasting aromas, are now more affordable than ever. Whether treating yourself or searching for the perfect gift, these exclusive offers provide the ideal opportunity to elevate your fragrance collection without breaking the bank. Don't miss out on these fantastic discounts to enjoy premium scents at a fraction of the cost.
Deal activity dips 3 pc to USD 5 bn in May
Deal activity in May dropped by 3% to $5.023 billion. Mergers and acquisitions fell by 58%, but private equity deals rose by 49%. Largest deals include Google's $350 million investment in Flipkart and Manipal Health's majority acquisition of Medica Synergie.
Mumbai realty market breaks record for 10th month in row
Mumbai, India's commercial capital, has recorded its best performance on record for real estate deals in May, driven by brisk sales and high demand despite increased mortgage rates and rising property prices. The Mumbai property market saw over 11,917 property registrations, up 21.3% from the previous year. The market's sustained confidence in India's economic expansion has resulted in robust business activity in the industry.
Indian firms should use 'national security filter' in business dealings with China: S Jaishankar
External Affairs Minister S Jaishankar emphasized the importance of a "national security filter" for Indian businesses dealing with China amid the ongoing border tensions. He urged Indian firms to prioritize sourcing from domestic manufacturers but did not entirely prohibit dealings with China. Jaishankar highlighted concerns over the weaponization of economic activity by certain countries, citing instances of political pressure exerted through exports, imports, and tourism stability.
10 Best Swimming Goggles for Fun-filled Water Based Activities
It is important to invest in premium quality swimming goggles which can act as a layer of protection for your eyes and prevent water from entering in. These goggles come with adjustable straps, allowing you to achieve a comfortable and snug fit. In this article, we have curated a list of 10 best swimming goggles that will help you enjoy swimming sessions and other water-based activities without compromising the safety of your eyes.
ETtech Deals Digest: Startup funding falls 34% on year to $118 million this week
In terms of volume, total deals during the week stood at 18, compared to 32 a year ago, and 16 in the second week of May 2024. Sequentially, deal value went up about 3.3X from $35.2 million to $117.6 million.
Deal activity declines 60 pc in April to USD 5.19 bn despite more transactions
The highest decline by value was in the merger and acquisitions transactions, which came down 75 per cent to USD 2.526 billion when compared with USD 10.212 billion in March, while the private equity transactions by value were marginally down at USD 2.666 billion, the report by Grant Thornton Bharat said.
Making Adjustments to Deal with West Asian Crisis, Says L&T CFO
Larsen & Toubro (L&T), a leading engineering firm, saw its stock price drop to a two-month low of Rs 3,290, declining by 6% on the Bombay Stock Exchange (BSE) on Thursday following a reduction in its margin forecast. But L&T remains optimistic about its engineering, procurement, and construction (EPC) sector, as well as its ventures in green energy.
Unicorn sightings slump; Tata’s chip exports
Happy Tuesday! Despite deal activity in late-stage startups showing signs of a revival, new unicorns aren’t being birthed. This and more in today’s edition of ETtech Morning Dispatch.
LTTS wins $48 million deal with European auto parts supplier Forvia
As part of this five-year partnership, approximately 300 engineers from Forvia’s Augsburg (Germany) and Bangalore (India) sites, have transferred to LTTS
M&A deal value surged 60% q-o-q to $19.6 billion in Q1 2024, says PwC India report
Sector-wise, traditional sectors took the lead, drawing significant investments in the changing deal-making scenario. The media and entertainment sector topped the charts in terms of value, while the retail and consumer sectors continue to lead in terms of deal volume.
Consolidation of businesses across sectors and domestic consumption will drive M&A activities: Satish Kishanchandani, Pioneer Legal
Satish Kishanchandani, managing partner of Pioneer Legal, foresees India's robust economy and focus on infrastructure boosting M&A activities, notably in automotive, infrastructure, clean energy, and healthcare sectors. Factors such as rupee stabilization, interest rates, and available investment funds will shape transactions. Regulatory reforms and investor confidence are expected catalysts for growth.
India Inc sees 67 deals valued at $648 million in Q1 of 2024: report
The report stated that despite a funding slowdown and economic uncertainty, India’s tech startup ecosystem secured the fourth-highest funding globally.
Deal activity on the rise in consumer & retail sector
India's consumer and retail sector experienced a surge in M&A and private equity deal activity in the March quarter. The sector recorded 102 deals valued at $1.74 billion, with a focus on acquisitions and investments in the food processing and healthy food market segments.
M&A deal activity set to pick up this year, may touch $75 billion: Ganeshan Murugaiyan, BNP Paribas
Indian M&A activity set to rise to $75 billion in 2024, driven by private equity, IT, core industrial space, and pharmaceuticals, with influences from cross-border deals, M&A valuations, equity, debt markets, and IPOs.
Deals in consumer, retail fell by a third in 2023, transaction value down 9% - Grant Thornton Bharat
Deals within ecommerce nearly halved by value to 3.3 billion while the number fell 70% to 124 deals. Apparel and retail, however, saw deal transaction surge seven times, led by Reliance Retail which raised nearly $1.6 billion from Qatar Investment Authority and Abu Dhabi Investment Authority. Lenskart also received a funding of $500 million during the first half of 2023, followed by M&G Plc, Lightspeed Venture Partners and DST Global buying a stake in Udaan last month.
India deal activity to remain on upward trend: Report
India is expected to see an upward trajectory in deal activity in 2024, according to a report by Bain & Company's Global Healthcare Private Equity and M&A report. The report cites a surge in healthcare spending and the resilience of pharma manufacturing and services. India overtook China in 2022 in deal volume and value size, and remained top in the Asia Pacific region in 2023. The report predicts 22 healthcare deals in 2023, with deal value reaching $4.6 billion.
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