User: sandman1965 Topic: private equity
Category: Deals
Last updated: Jan 20 2018 12:39 IST RSS 2.0
 
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Nifty below 4550; RIL, ONGC, HDFC, Hero Honda drag ... 18.7.2027 CNN-IBN Top Stories
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Will Ola and Uber merge in India? SoftBank board member thinks it will be good for business 20.1.2018 DNA: Urban Tales
It looks like the end of the road for Uber, the mobile taxi hailing service in India after a Softbank board member, who is about to join the US-based company’s board, talked of the possible merger between Ola and Uber in the country with SoftBank as the common investor, Financial Times reported. However, an Uber India spokesperson told Business Standard that the talks of a merger were baseless speculation. . “Our business in India is stronger than ever and we are 100% committed to serving our riders and driver partners in India," he said.  Earlier, Uber closed a deal with SoftBank, commissioning the sale of a significant portion of its sale to the latter, in a bid to implement modifications in management and go public in two years. A SoftBank Group-led team of investors has made an offer to buy app-based cab aggregator Uber's shares. The deal if happens, would value the company at about a 30 per cent discount to its last private valuation of nearly USD 70 billion. According to TechCrunch.com, the ...
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Uber to drive into Indian sunset? 20.1.2018 Rediff: Business
Comment by SoftBank board member sets off talk of Ola-Uber merger.
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Aadhaar seeding will eliminate multiple PF accounts: EPFO 19.1.2018 DNA: Wide Angle
 The Employees Provident Fund Organisation (EPFO) today said it will be able to eliminate multiple account numbers of an individual once the process of seeding Aadhaar is complete. "Aadhaar seeding and bank account linking will help do away with multiple provident fund accounts, once merger of accounts happens with the help of Aadhaar seeding," Additional Central PF Commissioner S B Sinha told PTI. He said bank account linking will help members to remotely manage accounts and for claim settlements. Speaking on the sidelines of a seminar on provident fund organised by ICC, Regional PF Commissioner Navendu Rai said there were 26 lakh regular contributing members in West Bengal at present, but the number of PF accounts issued from the state was about 70 lakhs. "On an average, one person has three PF accounts (in West Bengal) due to change in employment," he said.Since, July 1, 2017, Universal Account No (UAN) generation requires mandatory Aadhaar seeding, bank details and mobile number. Sinha said for old ...
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India joins Australia Group against spread of bio-chem weapons 19.1.2018 Rediff: News
The Australia Group seeks to ensure that exports do not contribute to the development of chemical or biological weapons.
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Sundance film festival begins sans Harvey Weinstein 19.1.2018 DNA: Wide Angle
For the first time in three decades, producer Harvey Weinstein will not be trudging down Park City's snowy Main Street when the Sundance Film Festival opens Thursday, leaving the independent movie festival marketplace without its most-watched tastemaker. His absence will be filled by streaming services, upstart studios and veteran production houses scrambling to buy the most buzzed-about films at the festival in an industry undergoing dramatic change. "Some of the old guard, the usual suspects at Sundance, have stepped aside or have fallen back a bit," said Ian Bricke, director of content acquisition for Netflix Inc. "There's a whole range of new players," he added. "It creates excitement and some degree of chaos in the marketplace." Weinstein was an unmissable presence in previous years, at times loudly negotiating deals in the foyers of theatres just after movie premieres. The producer built a career on finding awards-worthy gems at Sundance. Competitors watched his picks closely, often launching ...
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Justin Bieber's mom defends him over disapproval from Selena Gomez's mother 19.1.2018 DNA: Wide Angle
Looks like Justin Bieber has a strong support from his mother amid the rift between him and Selena Gomez's mother. Pattie Mallette, the singer's formerly estranged mother, took to Instagram to extend her support for her 23-year-old son. Alongside a photo, in which Pallette can be seen cuddling close beside Bieber on a boat, she wrote, "I'm so proud of the amazing young man you are, and the young man you are becoming. None of us are perfect and never will be, (so we will always need patience and grace for each other), but your genuine growing relationship with Jesus is evident in the choices you are making daily and the good 'fruit' you bear." The acclaimed author added, "I admire your character and integrity. You are maturing beautifully and wise beyond your years. You are so funny that I find myself laughing out loud when I'm alone, remembering of something you said or did. And your heart is gold. I love you to the moon and back."   A post shared by Pattie Mallette (@pattiemallette) on Jan 18, 2018 at ...
Tech Mahindra to acquire 17.5% stake in Altiostar Networks 19.1.2018 Sify Finance
IT major Tech Mahindra on Thursday said that it will acquire 17.5 per cent stake in US-based Altiostar Networks for $15 million.
Infrastructure, land acquisition major challenges for MROs in India: Boeing 19.1.2018 Sify Finance
Global aerospace major Boeing on Thursday said that the "challenges for MRO" (maintenance, repair or overhaul) sector in India are infrastructure and land acquisition.
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Make-II initiative to benefit small industries: Sitharaman 19.1.2018 Sify Finance
Defence Minister Nirmala Sitharaman stated that the recently-introduced Make-II initiative in defence procurement will greatly help small industries involve themselves in
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'I'm anti-Modi and anti-Amit Shah, not anti-Hindu' 19.1.2018 Rediff: News
"They say I am anti-Hindu. No. I am anti-(Narendra) Modi, I am anti-Hegde, I am anti-Amit Shah. According to me, they are not Hindus. Mr Anant Kumar Hegde, who says he wants to wipe out an 'ism', a religion from the face of this earth cannot be a Hindu," Prakash Raj said.
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ICSI confers Honorary Fellow Membership to Shri P.P. Chaudhary, Hon’ble Union Minister of State for Law & Justice and Corporate Affair 19.1.2018 Govt of india: PIB

 Shri P.P. Chaudhary, Hon’ble Union Minister of State for Law and Justice & Corporate Affairs, was conferred the Honorary Fellowship of Institute of Company secretaries of India (ICSI) at the headquarters of the institute at

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7 sectors that will hire MBAs in 2018 18.1.2018 Rediff: Top Stories (India)
Risk management, shipping, aviation -- the options are many.
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Air India sale to go on, but suggestions welcome: Minister 17.1.2018 Sify Finance
"Suggestions" on Air India's strategic divestment are welcome but the proposed stake sale in the debt-ridden national carrier will go on, Civil Aviation Minister Ashok Gajapati Raju has said.
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Of perennial water crisis and 2 projects in moribund state 17.1.2018 The Assam Tribune
Of perennial water crisis and 2 projects in moribund state
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Govt clears Rs 3547 cr proposal to buy 72, 000 rifles 16.1.2018 Rediff: Top Stories (India)
The procurement is expected to address the shortage of small arms for the armed forces.
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Aus Open Diary: My brother still makes fun of me, says Zverev 16.1.2018 Rediff: Sports
Mischa still finds time to tease 'Sascha', despite his little brother's rapid ascent up the tennis rankings.
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DNA EXCLUSIVE | Konkan Refinery Project: It's BJP vs rest 15.1.2018 DNA: Top News
The fault lines have become evident as the ruling BJP has been pitted against its ruling partner Shiv Sena, opposition parties and NGOs over the development of the Rs 3 lakh crore refinery project in the coastal Rajapur taluka of Ratnagiri district. This is similar to the Enron project controversy in which Congress was a strong advocate while each and every other political party and NGOs were opponents. Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) have formed a company, Western India Refineries and Petrochemicals, to execute the 60 million tonne refinery-cum-petrochemicals complex. The state government has issued a notice under section 32 (2) of the Maharashtra Industrial Development Act, 1961 for the acquisition of 15,000 acres in Ratnagiri district and 1,000 acres in Sindhudurg district. While land holders and opponents have launched an agitation against it, the BJP is making a strong case for the refinery. The party believes it will ...
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Author Mahasweta Devi immortalised in Google Doodle 14.1.2018 Sify Finance
[India], Jan 14 (ANI): A tribute to one of modern India's pre-eminent writers and activists, Mahasweta Devi, will be the first thing Google users will see today.
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HDFC to raise Rs 11000 crore from global investors 13.1.2018 Sify Finance
Housing finance major HDFC on Saturday said that it plans to raise over Rs 11,000 crore ($1.7 billion) by preferential allotment of shares to global investors like Waverly, Premji Invest, Carmignac Group and Silverview Investments amongst others.
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