INTERVIEW
Harshad Mehta is a part of my growing up years: ‘Scam 1992’ director Hansal Mehta
National award-winning director Hansal Mehta on the making of the popular show, the anonymous old-timers who helped him and his team, the refreshing casting strategy, and more.
BUSINESS
A ‘Bull’ish chat with Pratik Gandhi, the actor who brought stock market scamster Harshad Mehta to life
The Surat boy had been a struggling actor in Mumbai for long but with a breakout performance as the protagonist in 'Scam 1992: The Harshad Mehta Story', Pratik Gandhi has emerged as an artiste to watch out for.
BUSINESS
McDonald's and Burger King supplier Mrs Bectors Foods files for a Rs 550 crore IPO
The proceeds of the Mrs Bectors Food Specialities' IPO will be used for growth capital linked to the firm’s manufacturing unit at Rajpura, Punjab and for general corporate purposes, the company said in its filing with the regulator.
BUSINESS
Optimistic of upswing in hospitality by H12021; M&A options on table for larger hotel chains: Vikram Oberoi
EIH Ltd, which runs hotels and resorts under the Oberoi brand, drew a strong response for its recent rights issue. The issue was subscribed 160 percent. EIH, which has struck a long-term strategic alliance with Mandarin Oriental, a key player in the Far East , is betting on a turnaround in the bruised hospitality segment by H1 2021 once vaccines are readily available. With India’s busiest travel season round the corner, Moneycontrol’s Ashwin Mohan caught up exclusively with Vikram Oberoi, Managing Director and CEO of the Oberoi Group for a free-wheeling chat on consolidation in the sector, ‘revenge tourism,’ pick-up in leisure travel and much more.
BUSINESS
Voting on Jet Airways' bids extended to tomorrow, say sources
Some of the lenders have asked for more time. Voting was to end by 6 pm on October 16
BUSINESS
Blackstone-Panchshil Realty JV in early-stage talks for REIT IPO
If the plan fructifies, this would be the third REIT IPO in India backed by Blackstone, after Embassy Office Parks and Mindspace.
BUSINESS
PwC India Deals Leader Sanjeev Krishan elevated as chairman of Big 4 firm
Sanjeev Krishan has been with the organisation for nearly three decades and joined the firm in 1991 as an articled trainee. He became a partner at PwC India in 2006.
BUSINESS
Will the government challenge Vodafone tax arbitration verdict? Delhi HC wants answer by November 7
The government’s stance will have huge implications — not just on other international arbitration cases involving British oil energy explorer Cairn Energy Plc and mining major Vedanta Resources but also on the India outlook of global investors and MNCs batting for tax certainty.
BUSINESS
Homegrown PE fund ChrysCapital exploring stake sale in GVK Biosciences
ChrysCapital entered the firm in 2015 when it acquired the stake held by Sequoia Capital. As of March 2020, the private equity fund held a 16.77 percent stake.
BUSINESS
SBI appoints Charanjit Attra as CFO, rare lateral hire from private sector for C-suite position
This is a rare lateral hire from the private sector by SBI for a C-suite position. In the past, it has relied on its experienced talent pool of top management
BUSINESS
Jet Airways insolvency: Risk assessment report throws up 'legal issue' with FSTC-Imperial bid
The legal issue pertains to the provision of Insolvency and Bankrupcty Code. But it's too early to say if the development will impede the insolvency process.
BUSINESS
LVB Bank: Following AGM drama, RBI pushes for an early merger
Pressure mounts on Clix Group and Lakshmi Vilas Bank to seal merger quickly. RBI concerned about the situation at LVB after the ouster of most directors from the Board by shareholders last week. The bank is currently run by a three-member committee of independent directors. If the Clix deal fails, the regulator may look at other options
BUSINESS
Brookfield Asset Management files documents with SEBI for India’s third REIT IPO; looking to raise Rs 4,000-4,500 crore
The plan is to launch the IPO by end 2020 or early 2021. It will be a combination of fresh issue and offer for sale
ECONOMY
ChrysCapital-backed Eris Lifesciences may get EY partner V Krishnakumar on board
Over the course of the next few months, Krishnakumar is likely to join the pharma company as an Executive Director overseeing operations
BUSINESS
Vodafone legal advisor on tax win: India’s obligations to foreign investors, including on tax certainty, are again back in sharp focus
The PCA has held that Vodafone is entitled to fair and equitable treatment under the Bilateral Investment Treaty signed between India and The Netherlands
BUSINESS
KKR, Bain Capital and Blackstone in race for majority stake in Granules India
Investment bank Kotak Mahindra Capital has been engaged by the promoters of Granules India to scout for buyers.
BUSINESS
Why is 2020 emerging as ‘spiciest’ year ever for Indian M&A?
For centuries, the spice trade has had a whiff of romance about it. In 2020, it also seems to be making good business sense, with plenty of lip-smacking deals.
BUSINESS
BVG India plans IPO; pure-play facility management leader targets up to Rs 1,300 crore
The Pune-based firm counts Indian Railways, Rashtrapati Bhavan, the Tata Group, Hindustan Unilever and Accenture as its clients.
BUSINESS
Promoters of Hyderabad-based Granules India revive exit plans
Recent deals like Advent-Ra Chem Pharma, Carlyle – Sequent Scientific and Carlyle –Piramal Enterprises are examples of rising interest from private equity funds in the domestic active pharmaceutical ingredients segment.
BUSINESS
Indiabulls Housing Finance launches QIP with base size of $60 million, floor price of Rs 206.7/share
The QIP launch follows the trend of many banks and NBFCs hitting the market to raise funds to soften the hit of potential bad loans triggered by the COVID-19 pandemic
BUSINESS
Amber Enterprises launches QIP to raise around Rs 400 crore
Moneycontrol was the first to report on the firm’s QIP plans on August 22 and had indicated that the launch was likely in September
BUSINESS
Edelweiss, Deloitte selected as pre-IPO advisors for largest-ever LIC IPO
The scope of the mandate includes advising the Centre on the modalities of the IPO and the timing, and arriving at an optimal capital structure.
BUSINESS
‘Kyunki digital ka zamana hain’: Ekta Kapoor’s Balaji Telefilms begins search for investors
Balaji Telefilms, one of India’s most successful production houses, is targeting strategic and financial opportunities to add value to its business, especially the fast growing OTT vertical
BUSINESS
Serum Institute exploring fund raise at subsidiary level by diluting minority stake for COVID-19 project: Adar Poonawalla
The fund raising plans are at an early stage and were confirmed by Serum Institute CEO Adar Poonawalla
