An infrastructure investment trust (InvIT) established by private equity firm KKR & Co. has secured a government contract for a 252 km segment of highways, emerging as the highest bidder with a bid of $797 million (around INR 6,661 crores). This contract pertains to a section of the Hyderabad-Nagpur corridor in the southern state of Telangana. The concession period for […]
Corporate tax in the UK is levied on the profits earned by limited companies, foreign companies with a UK branch, and unincorporated associations, including clubs and cooperatives. It is one of the largest sources of government revenue, and businesses are required to pay tax on their profits after deductions like allowable expenses, capital allowances, and other reliefs. This blog provides […]
Bharti Global, the international investment arm of Bharti Enterprises would acquire a 24.5% stake in BT which is Britain’s leading broadband and mobile company, for $4 billion (around INR 33,580 crores). The shares will be purchased through Bharti Televentures UK, which is wholly owned by Bharti Global. Bharti Televentures UK has inked an agreement with Altice UK to acquire about […]
Mankind Pharma Ltd has agreed to acquire Bharat Serums and Vaccines Ltd (BSV) from private equity firm Advent International for an enterprise value of $1.63 billion (around INR 13,630 crore). The move marks a “significant leap” for Mankind Pharma, positioning it as a market leader in the Indian Women’s health and fertility drug market. The acquisition will also provide Mankind […]
Adani-owned Ambuja Cements buys Penna Cement Industries for an enterprise value of $1.25 billion (around INR 10,422 crores) for its 14 mtpa of cement grinding capacity and 10.3 mtpa of clinker capacity. While PCIL has been facing liquidity issues, a potential turnaround can enhance the value for Ambuja Cements. At the same time, utilisation ramp-up at PCIL shall bring in additional […]
Alphabet’s Google will pick up a minority stake worth $350 million in Walmart-backed Flipkart, valuing the Indian e-commerce firm at $37 billion. The tech giant will join in as an investor in the latest funding round for the Bengaluru-based company. The round will be led by Walmart, Flipkart’s biggest shareholder and will make Google a minority investor, subject to approvals. […]
India’s Godrej family has decided to restructure its shareholding in the conglomerate to operate as two entities, Godrej Enterprises and Godrej Industries. The realignment will be implemented after the relevant regulatory approvals have been obtained, after which the two companies will continue to use the Godrej brand. Godrej Enterprises Group (GEG) will be headed by 75-year-old Jamshyd Godrej as chairperson […]
Navigating the financial world may be challenging for entrepreneurs, especially when they have to deal with complex data like Financial Statements. But understanding or analysing those assertions is essential to making sound decisions and moving your organization towards success. Here in the beginners guide, we have tried to simplify the basic fundamentals of financial statements and their construction so users […]
Adani Ports To Buy 95% Of Odisha’s Gopalpur Port For $162 Mn India Billionaire, Gautam Adani led Adani Ports and Special Economic Zone will buy a 95% stake in Odisha’s Gopalpur Port for an equity value of $161.74 million (around INR 1,349 crore) to bolster its east coast presence. India’s largest private port operator will purchase a 56% stake in […]
Mukesh Ambani led Reliance Industries and Walt Disney announced the merger of their India TV and streaming media assets, creating an $8.5 billion entertainment juggernaut far ahead of rivals in the world’s most populous nation. Largest Indian conglomerate will inject $1.4 billion in the merged entity, with the company and its affiliates holding a more than 63% stake, with Disney […]