Page 2 - M&a

Top headlines: HDFC-HDFC Bank mega merger, India's export boom explained

The Centre may increase the allotment of its shares in the IPO of LIC. More on that and other stories in our top headlines this morning.

Motilal Oswal gives 'buy' call for HDFC Bank, pegs target price at Rs 2K

Shares of HDFC and HDFC Bank rose as high as 14 per cent and 11 per cent, respectively, during the opening session on Monday.

Bonds to IPOs: A hundred firms pull $45 bn of deals since war in Ukraine

These include initial public offerings, bonds or loans and acquisitions

Profits at large global banks set to fall sharply due to M&A slowdown

(Reuters) - Profits at the world's biggest banks are expected to fall for the first time in seven quarters, dragged down mainly by a slowdown in mergers and acquisitions (M&A) activity and a decline in equity and debt issuance deals.

Axis Bank set to buy Citi's India consumer business: Report

In April 2021, Citigroup announced its plan to exit from the consumer banking business in India as part of its global strategy

Netcore acquires 90% stake in Unbxd for $100 mn, plans IPO in a year

Netcore expects to close the current financial year with revenue of around USD 80 million and grow it to around USD 130 million by March 2024.

Sanjiv Goenka group scouts for retail, IT acquisition targets

The group, with $4 billion in annual revenues, is also scouting for targets in power utilities as well as IT-enabled services, where it has already bought three companies in the past 12 months

Zydus unit to acquire brand from US-based BridgeBio Pharma

The agreement further adds to company's portfolio of medicines for rare and orphan diseases

Spotify acquires 2 podcast tech companies Chartable, Podsights

With the acquisition of Podsights, Spotify will be able to help advertisers understand how podcast ads drive actions that matter to their businesses.

Cult.fit acquires Gold's Gym fitness chain in India, value of deal unknown

In December, food delivery company Zomato invested $100 million in Cult.fit, as part of a Series F fundraise of $150 million, making the health start-up a unicorn

Persistent Systems acquires US-based Data Glove for $90.5 million

Established in 2010, Data Glove is a leading player in transformative consulting services and business solutions with total annual revenue for CY21 of $48.96 million and over 700 employees worldwide.

Nvidia scraps $40 bn Arm deal in a huge blow to Big Tech: Report

According to a report in the Financial Times, citing sources, Nvidia will instead spend up to $1.25 billion to Arm owner SoftBank for failing to go through with the transaction.

European Union steps up fight to fend off risky foreign takeovers

The new EU legislation on screening foreign investments emerged after increased political unease across Europe about Chinese acquisitions abroad.

M&A to strengthen as IT services players try and differentiate: Study

Nasscom-EY study says overall deal activity may be at record levels over past few quarters after huge drop in Q2FY20. Deal volume and value of $297 bn in 2021 much higher than 2020 level

Govt to pick up 9.5% stake in Tata Teleservices subsidiary

The dilution in Tata Sons' stake in TTL is not known

Piramal Pharma invests Rs 101.77 cr for minority stake in Yapan Bio

The Mumbai-based company has acquired a 27.78 per cent stake in Yapan as a result of the investment

Hindalco adds downstream capacity; buys Hydro's Rs 247 cr unit in Andhra

Hydro's Kuppam plant has 15,000-tonne extrusion capacity and is integrated with advanced value addition capabilities for surface finishing and fabrication

EaseMyTrip acquires intercity platform YoloBus for undisclosed amount

The acquisition includes the brand name of YoloBus, its technology, team, running business and data expertise

Morgan Stanley, EY top 2021 M&A league table, Barclays in third spot

M&A activity by Indian companies rose to $61 billion in 2021 as compared to $56.7 billion reported in calendar 2020

ITC to acquire 16% stake in D2C brand Mother Sparsh for Rs 20 cr

Mother Sparsh is a premium Ayurvedic and natural personal care start-up in the D2C space, focusing on mother and baby care segments