BUSINESS
RK Swamy files for IPO, first by an integrated marketing services group
The IPO comprises a fresh issue of aggregating up to Rs 215 crore and an offer for sale of up to 8,700,000 equity shares by selling shareholders.
TECHNOLOGY
Best large screen TVs under Rs 50,000: LG, OnePlus, Samsung, Sony, Xiaomi and Acer have top options
Best large screen TVs under Rs 50,000: Looking for a budget-friendly big-screen TV? Choose between the OnePlus Y1S Pro, Samsung Crystal iSmart, Sony Bravia, Xiaomi X Pro, Acer W Series and the LG Ultra HD Smart TV.
BUSINESS
Blackstone along with LPs submits non-binding bid to acquire control in Cipla
The private equity behemoth has a war chest of $11 billion to target companies for deals in Asia and in January 2022, closed a second Asian-focused private equity fund
BUSINESS
Quest Global stake buy: ER&D a great way to play multiple themes on innovation across industries, says Carlyle India’s Amit Jain
In India, Carlyle backs the likes of Hexaware, VLCC, Piramal Pharma, Sequent Scientific and tile and bathware company, Varmora Granito.
BUSINESS
Carlyle picks up significant minority stake in Quest Global; Bain Capital, Advent International to exit
This is Carlyle's second deal announcement in India in 2023 after it picked up a majority stake in skincare and beauty platform VLCC in January
TECHNOLOGY
Best portable projectors 2023: Under Rs 1 lakh, see the big picture in image quality and battery life
Best portable home projectors under Rs 1 lakh: With great image quality, improved battery life and superb form factor, the popularity of portable projectors is at an all-time high. Check out our pick of the best from this segment, including the Viewsonic M1 Pro, Samsung Freestyle, BenQ GV30, Optoma LV 130 and others.
TRENDS
To flip or to fold: Things to consider before buying your next smartphone
Aside from the price difference, flip devices are outselling the book-type foldable smartphones for their compact form factor and selfie camera.
BUSINESS
Cholamandalam Investment and Finance may launch Rs 4,000 cr QIP in September; picks 3 investment banks
As part of its Q1 earnings, Cholamandalam Investment and Finance Co reported a 28 percent year-on-year rise in net profit at Rs 726 crore versus a net profit of Rs 566 crore in the year-ago period.
BUSINESS
Sterlite Power in talks with GIC for $300 mn fund infusion; weighs demerger of solutions biz
Sterlite Power is the sponsor of India's first power sector InvIT, India Grid Trust (IndiGrid) which is listed. In September 2022, the firm announced that it had withdrawn its DRHP and deferred its listing plans due to unfavourable market conditions.
BUSINESS
BPCL picks I-Sec, HSBC, BNP Paribas & SBI Cap for Rs 18,000 crore rights issue
Budget 2023 had allocated Rs 30,000 crore for capital support to state-run Oil Marketing Companies (OMCs) like BPCL, IOCL and HPCL. On July 7, the board of IOC also approved a capital raise via a rights issue not exceeding Rs 22,000 crores.
BUSINESS
'Will continue to focus on control opportunities in Indian healthcare', says BPEA EQT's Ashish Agrawal
On July 22, Moneycontrol was the first to report that BPEA EQT had the edge over others in the race for Indira IVF.
BUSINESS
BPEA EQT to acquire majority stake in Indira IVF: Newsbreak confirmed
Indira IVF was founded by Dr. Ajay Murdia in 1988 and has since then scaled from a single clinic to a nation-wide network spanning 116 centers across 20 states in India
BUSINESS
Bullish trend holds, 19,800 option activity to influence Nifty direction in August series
Nifty needs to give a strong close above 19,800 for the uptrend to resume.
BUSINESS
Federal Bank's NBFC arm FedFina refiles draft papers for IPO
FedFina had filed a draft red herring prospectus (DRHP) with the market regulator last year for an IPO. But the plans were aborted due to unfavourable market conditions
BUSINESS
Concord Biotech, backed by Rakesh Jhunjhunwala's firm, targets August IPO launch at up to $1 bn valuation
According to the draft papers, healthcare-focused Asian private equity firm Quadria Capital also picked up a 20 percent stake in Concord Biotech in 2016
TECHNOLOGY
Best portable Bluetooth speakers under Rs 25,000: Sony, Sonos, JBL, Bose and others make the top list
Best portable bluetooth speakers under Rs 25,000: Premium portable Bluetooth speakers offer stellar acoustics in a portable form factor. Explore top picks like Sonos Roam, Bose SoundLink Flex, JBL Xtreme 3, and more.
BUSINESS
Manappuram Finance arm Asirvad MF prepares for Rs 1,500-crore IPO; picks JM Financial, Nomura & Kotak
The firm's microfinance loans are curated for women from poor and lower-income households and disbursed via its branch network spread across 22 States and 3 Union Territories as on March 31, 2023.
TECHNOLOGY
Best smartphones under Rs 40,000: The spotlight is on Google, Samsung, OnePlus, Vivo and others
Flagship killers under Rs 40,000: Google Pixel 7a, Samsung Galaxy A54 5G, OnePlus Nord 3, and more. Here are the best smartphones that offer top-notch hardware, impressive cameras, and zippy processors without breaking the bank.
TECHNOLOGY
Best TWS Bluetooth earbuds under Rs 25,000: Apple, Bose, Samsung, Sony top our wishlist
Best TWS Bluetooth earbuds under Rs 25,000: From the Bose QuietComfort to Sony WF-1000XM4, Apple AirPods Pro and Samsung Galaxy Buds2 Pro, here are the best buds that deliver pro-level acoustics and much more. If you are looking for premium audio experience and cutting-edge features, look no further.
BUSINESS
Bain Capital seals deal to acquire Adani Capital; Gaurav Gupta to stay on as MD
Adani Capital was founded in 2017 to democratise access to affordable, convenient lending solutions and support the next generation of MSMEs and entrepreneurs in India
BUSINESS
$1 billion race for Indira IVF: BPEA EQT may have edge; Blackstone, others also in fray
In June, a consortium of BPEA EQT and Chrys Capital sealed the buyout of top education loan provider HDFC Credila for $1.3 billion in India's biggest-ever private equity deal in the financial services segment
TRENDS
10 best bang-for-your-buck phone cases
If you’re like most users and like to swap your cases or find the best deals on a smartphone case, this list is a good starting point.
BUSINESS
Former SBI CFO Charanjit Attra joins Jio Financial Services as COO
On August 31, 2020, Moneycontrol was the first to report that Attra, an EY Partner, was headed to SBI as CFO, in a rare lateral hire from the private sector by the PSU lender
BUSINESS
MC Interview: Temasek's mega India plan to pump in up to $10 bn over three years
The firm is looking to deepen its presence in India across financial services, tech, consumer and healthcare and will also explore new areas in energy transition and decarbonisation
