BUSINESS
Race for TPG-backed Sai Life Sciences: Bain Capital likely lead suitor at $800 mn valuation
In 2018, TPG Capital invested around $135 million in Sai Life Sciences and the private equity firm currently holds a 43.4 percent stake
TECHNOLOGY
OnePlus introduces OnePlus12, OnePlus12 R smartphones: 8 cool features in the OnePlus 12
OnePlus 12 features: Powered by Qualcomm Snapdragon 8 Gen 3, the latest OnePlus phone is fast. The OnePlus12 camera was developed in partnership with Swedish photography brand Hasselblad, and its 50 MP primary camera lens and 32 MP selfie camera are among the best in class right now.
BUSINESS
JM Financial's Amit Ramchandani joins Motilal Oswal as CEO of i-banking
Ramchandani, a dealmaker with 2 decades of experience , has previously worked at IDFC First Bank, ICICI Securities and SBI Capital
BUSINESS
IPO-bound SK Finance raises Rs 1,328 cr in fresh round led by Norwest, TPG, MO Alts, Baring PE
NBFC SK Finance has a diversified product portfolio, consisting of loan offerings in the categories of cars, commercial vehicles, tractors and two-wheelers, along with secured business loans.
BUSINESS
High volatility may rule markets as Budget Day nears, Nifty sees strong support at 21,500
The Call writers (bears) have sizeable positions at 21,700 & 21,800 strikes in Nifty and short covering at these levels in the coming week can push the Nifty Index higher from this level.
TECHNOLOGY
Which foldable phone to buy: OPPO Find N2 Flip vs Samsung Galaxy Z Fold 5
OPPO’s Find Flip series is probably the most formidable rival for the Samsung Galaxy Z Flip.
BUSINESS
JM Financial confirms exit of Joint MD and veteran dealmaker Atul Mehra
Atul Mehra is likely to join rival Axis Capital as its MD and CEO, sources had told Moneycontrol.
BUSINESS
JM Financial's Atul Mehra steps down, may head to Axis Capital as MD & CEO
Mehra began his career as an analyst at JM Financial in 1991 and is departing after a long tenure of more than 32 years
TRENDS
20 years of social media as we know it (2004 – 2024): From Orkut and Facebook to X, a timeline
Social media has changed how we consume content, how we engage with our friends and work networks and the dissemination of news. It’s tough to imagine even Mark Zuckerberg could have envisioned this in 2004.
BUSINESS
India's top adult diaper maker Nobel Hygiene, backed by Quadria Capital, weighs stake sale
In Jun 2021, Quadria Capital announced the acquisition of a significant stake in Nobel Hygiene and became the largest minority shareholder. As part of the transaction, Nobel Hygiene raised fresh capital and gave a complete exit to CLSA Capital Partners, Access India Fund and its co-investors
TRENDS
Consumer Electronics Show 2024: 8 best technology products showcased at CES 2024
A round-up some of the coolest gadgets announced at CES in Las Vegas, from Rabbit R1 with its 'Large Action Model' to the Withings BeamO - a thermometer, electrocardiogram, stethoscope and pulse oximeter rolled into one.
BUSINESS
Tata Consumer nears buyout of Fabindia backed Organic India
In Organic India, Fab India holds 64 percent stake, 17 percent is with the founder promoters, 15 percent with Premji Invest, and the rest with employees and the ESPS trust.
BUSINESS
Exclusive: Post JSW Infra listing, now JSW Cement picks bankers and kicks off mega Rs 6,000-cr IPO
If JSW Cement's listing plans materialise, it would be the biggest IPO in the sector since the Rs 5,000 crore initial share sale of Nirma group-backed Nuvoco Vistas in August 2021.
BUSINESS
Aurobindo Pharma now weighs mega IPO of Eugia Pharma Specialities to raise around Rs 4,500 crore
In May 2021, in a move to improve operational efficiency, Aurobindo Pharma had approved the transfer of its injectable assets into a subsidiary called Eugia Pharma Specialities Limited for “greater focus, attention and specialization” and also to “augment fund-raise and strategic tie-ups in future through joint ventures etc"
BUSINESS
Chirag Agrawal takes over as Deloitte South Asia's new head of corporate finance
Agrawal, an alumnus of London School of Economics and Politics Science , has over two decades of investment banking experience
BUSINESS
American Tower Corp inks $2.5-bn deal to sell India unit to Brookfield-backed DIT
Since launching operations in India in 2007, ATC India’s portfolio has expanded to approximately 75,000 towers. The firm has a national presence and services all major telecom service providers in the country
BUSINESS
Twist in mega $2 billion plus ATC India sale: Canada's Brookfield now lead suitor
Since launching operations in India in 2007, ATC India’s portfolio has expanded to approximately 75,000 towers. The firm has a national presence and services all major telecom service providers in the country
BUSINESS
Warburg Pincus-backed NBFC Avanse taps 6 bankers to launch Rs 4,000-cr IPO
In March 2019, Warburg Pincus entered into definitive agreements to acquire an 80 percent equity stake in Avanse Financial Services held by Wadhavan Global Capital group
TRENDS
Surfing on Australia's Gold Coast: Prices, terms and what beginners need to know
Gold Coast is a surfing hub in Australia. Additionally, beaches like Broadbeach have warm water throughout the year and are patrolled for that extra layer of safety for beginners.
BUSINESS
Bullish momentum may continue in Jan series with resistance at 22,000: Ashwin Ramani
FPIs covered their short positions in Index futures on the last day of the December series and that suggests that the ongoing strong bullish momentum is likely to continue as we head to the January series.
BUSINESS
Issuers confident, IPO launches likely even during election phase, say i- bankers
Top investment bankers caught up with Moneycontrol for an incisive chat on the key capital market deal trends for 2024. Here are the edited excerpts from the interview
TECHNOLOGY
Year Ender 2023: The year belongs to ChatGPT, GenAI, Apple's spatial computing & lighter, foldable smartphone
ChatGPT and Generative AI hogged consumer tech headlines in a year when our devices got smarter.
BUSINESS
Ola Electric files DRHP with Sebi; first ever by an Indian EV firm
On May 25, Moneycontrol was the first to report that Ola Electric has roped in Kotak Mahindra Capital and Goldman Sachs for an IPO in early 2024.
BUSINESS
PE major Advent picks advisors for big-bang sales of Bharat Serum & Manjushree Technopak
Advent International, which had $95 billion in assets under management as of March 2023, focuses on investments in five core sectors: business and financial services, healthcare, industrial, retail, consumer and leisure, and technology
