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
BUSINESS
Blackstone plans mega $833 million exit from Embassy Office Parks REIT
"The floor price is Rs 310 per share. Kotak Mahindra Capital and IIFL Capital are the advisors for this proposed big trade," a source privy to the development said.
BUSINESS
Tata Consumer leads race to buy controlling stake In Fabindia-backed Organic India
Organic India works with thousands of small family farmers and is present in categories such as teas and infusions, herbal supplements , staples and packaged foods and personal care
BUSINESS
Grasim Industries’s clean energy arm in advanced talks with Qatar’s Nebras Power for investment
If the deal fructifies, it will perhaps be the debut investment by Nebras Power in the Indian renewable energy segment
BUSINESS
Corporate Crossings: EYs Chirag Agrawal headed to Deloitte as new head of corporate finance
Agrawal, an alumnus of London School of Economics and Politics Science, has over two decades of investment banking experience
TECHNOLOGY
Best laptops under Rs 1 lakh: No compromises on firepower, battery life or premium design
Best laptops Check out the ASUS Zenbook S 13 OLED, Microsoft Surface 9 Pro, MacBook Air M1, Samsung Galaxy Book 3, Lenovo Idea Pad Slim 5i, Fujitsu UH-X, and Dell G15 Laptop.
BUSINESS
Shriram Finance revives stake sale plans in subsidiary Shriram Housing Finance
Parent Shriram Finance, which is mainly into commercial vehicle financing, owns 84.82 percent in Shriram Housing Finance, while 14.94 percent stake is held by US-based private equity player Valiant Capital Management
BUSINESS
$444 mn block deal likely in Axis Bank; Bain Capital plans to pare stake
Bain Capital entered Axis Bank in November 2017 and has been gradually diluting its stake via the block deal route. The Axis Bank stock has risen by 10. 3 percent in the last month
BUSINESS
Mega $590 million-plus block deal in Mankind Pharma; 3 PE funds may sell stake
The Mankind Pharma stock has risen by 30 percent in the last six months. It had a strong debut on the domestic bourses on May 9 .
TECHNOLOGY
Best camera phones in 2023: From Apple to Redmi, here are our top 6 across all price range
Smartphone photography continues to get better with each new wave of devices that are riding on a brilliant blend of superior hardware and improved computational photography. These are among the best smartphone cams you can buy now.
BUSINESS
Peak XV Partners ,TPG and Matrix Partners may sell part stake in Five Star Business Finance
One of the sources said that the proposed block deal was likely to be launched soon with investment banks Kotak Mahindra Capital and ICICI Securities acting as advisors
