PR Sanjai

India: GoAir to decide IPO timing after delivery of 72 A320neos planes

Go Airlines (India) Ltd, which runs low-fare carrier GoAir, is waiting to hear from plane maker Airbus SAS on the delivery schedule of its fuel-efficient A320neo jets before deciding on the timing of a proposed share sale.

GoAir is expected to start taking delivery of its first A320neos by May and is expected to take delivery of at least 10 of the jets in the next financial year, according to two people aware of the situation, who spoke on condition of anonymity.

India: Siemens to sell healthcare business to German parent for $455m

This transaction follows parent Siemens AG’s global strategy of managing its healthcare business under a separate company.

India: Piramal Enterprises’ unit buys Adaptive Software in the US

Ajay Piramal-controlled Piramal Enterprises Ltd’s step-down wholly-owned subsidiary in the US, Decision Resources Group (DRG), has acquired 100% of Adaptive Software Llc for $24.5 million. The Adaptive acquisition offers DRG a direct entry into the healthcare payer ecosystem, which expands DRG’s addressable market opportunity. In its filing to stock exchanges,… Read more »

How Vijay Mallya inherited an empire and proceeded to lose it

The rapid unravelling of the Mallya empire has been well documented, but didn’t seem likely a few years ago. Until the downfall of Kingfisher, Mallya built an enviously successful conglomerate over more than two decades of canny deal-making. Advancing years, a momentous failure in the airlines business, a wilful defaulter status, allegations of financial irregularities may have forced Mallya to leave and lie low.

India: Vijay Mallya’s $75m United Spirits exit on SEBI’s radar

Sebi is examining the fine print of Vijay Mallya’s deal with Diageo and is also looking at trading patterns in United Spirits’ stock

India: United Spirits chairman Vijay Mallya steps down. Diageo to pay him $75m over five years

UK firm has greed to drop all charges of irregularities under Mallya’s watch. Male, who has been declared as declared wilful defaulter by some of India’s leading banks, has also agreed to a global (excluding United Kingdom) five-year non-compete arrangement with Diageo.

India: GVK in talks with JSW Group to offload controlling stakes in airport assets

Debt-burdened GVK Group has been exploring several options to raise money including an initial public offer (IPO) and selling a strategic stake to private equity firms.

Adani Ports actively chasing ‘string of pearls’ port acqusition strategy in India, overseas

The company is looking to expand its presence in Maharashtra and West Bengal in India and is scouting for opportunities in Sri Lanka, Bangladesh, the US, Europe, and Australia.

India: Reliance Jio launch in second half of 2016, says Mukesh Ambani

Mukesh Ambani, owner of the world’s largest crude oil refining complex, on Sunday said global oil prices are likely remain low for at least three-to-five years, benefiting net importers such as India. Ambani, the chairman of Reliance Industries Ltd (RIL), also said the energy-to-telecom conglomerate will launch its fourth-generation (4G)… Read more »

Private sector can pick up to 25% share of defence production, says Indian govt

An official says government has identified 25 projects that it plans to throw open to the industry