Aditya Birla Group

Merger with Idea signals Vodafone’s shrinking interest in India


Vodafone investors have been recommending an exit from India.

Although Vodafone appears to have chosen the middle path, investors in the merged company might well view this shrinking interest as a sign of lesser interest in the Indian market’s prospects. Photo: Hemant Mishra/Mint
Photo: REUTERS/Danish Siddiqui
A retail shop owner speaks on his mobile phone outside his closed shop shutters painted with an advertisement for Vodafone at a market in Chennai December 30, 2013.  REUTERS/Babu/Files
Solar Panels. Photo: Mint
Photo: Reuters
India: JSW Cement to buy controlling stake in Shiva Cement

JSW Cement Ltd, a part of $11 billion JSW Group, will buy the entire promoter holding in cement maker Shiva Cement Ltd and launch an open offer to acquire another 32% from the company’s public equity shareholders, it was announced on Wednesday. Odisha-based Shiva Cement said it has agreed to… Read more »

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The 40 people who matter in the Indian startup ecosystem

In the first of a multi-part series, Mint profiles the 40 most influential people in India’s start-up ecosystem. While e-commerce influencers still dominate the list, there are a handful of new entrants, most prominently those connected with enterprise software or Software as a Service (SaaS) start-ups that are fast becoming… Read more »

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India 2016: Cement sector dominates top five M&A deals

Fuelled by a consolidation wave and rising confidence in the country’s economic growth prospects, merger and acquisition (M&A) activity increased to $69.75 billion across 1,195 announced transactions in 2016, beating the previous record of $66.96 billion seen in 2007, when dealmaking was at its peak, according to data compiled by… Read more »

Image sourced from Dentsu website
India: Dentsu Aegis Network buys Fractal Ink for $37m

Dentsu Aegis Network Ltd has acquired Fractal Ink Design Studio Pvt. Ltd, an experiential design studio which will join the network’s digital agency Isobar. The agency will be rebranded as Fractal Ink Design Studio—Linked by Isobar, Dentsu said in a statement Thursday. The deal size is estimated at around Rs… Read more »

Photo: Mint
India: Shree Cement in bid to buy rival firm

Shree Cement Ltd has submitted a preliminary offer to buy a majority stake in Odisha-based Shiva Cement Ltd, two people aware of the development said. “The promoters of Shiva Cement have been in exit mode for a while now and have been in talks with several suitors and have mandated… Read more »